Retail TouchPoints

JULY 8, 2022

In an increasingly competitive marketplace, retailers are now facing the challenge of capturing and maintaining market share and keeping their customers loyal. The good news is that since its global popularization in 2020, Buy Now Pay Later (BNPL) has become a real game-changer for merchants looking to boost their business.

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Merchant Services Payment Services Point of Sale Checkout 277

Inside Retail

JULY 4, 2023

In recent years, cryptocurrencies have emerged as a transformative force in the world of finance. As their popularity continues to surge, it is crucial for retailers to consider embracing crypto acceptance as a payment option. There are a number of businesses across Australia already accepting cryptocurrency payments.

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Retail TouchPoints

DECEMBER 17, 2024

And Amazons cloud-division, Amazon Web Services, which has long offered technology it has built in-house for use by other companies, just released a white-label AI shopping assistant for retailers and other businesses. This is every part of the marketing funnel being used. Salesforce reported that AI and AI agents drove $14.1

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Shopping Merchant Services Consumer Advertising 289

Retail TouchPoints

APRIL 5, 2023

So far, this payment method has made it easy for millions to purchase nice-to-have items such as the latest iPhone, trendy sofas, designer handbags and stylish clothes without paying in full upfront. However, hidden fees and late payment penalties can seriously damage consumers’ financial well-being as they can easily rack up massive debt.

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Merchant Services Payment Services Finance Consumer 295

Retail TouchPoints

APRIL 1, 2021

consumers have now used a buy now pay later (BNPL) service. . Businesses looking for ways to gain a competitive edge over their competitors have been pushing service advantages into new areas, including alternative payment models. Using BNPL, approved customers can defer payments at checkout — both online and in-store.

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Retail TouchPoints

NOVEMBER 4, 2020

In 2019 , the total market share of online U.S. Because of this ease, merchants have begun relying on POS financing to drive sales growth. McKinsey has found that around 50% to 60% of loans originated at POS are either partially or entirely subsidized by the merchant. According to McKinsey, merchants face up to 2.4X

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Merchant Services Payment Services Accounting Jewelry 317

Retail TouchPoints

SEPTEMBER 6, 2022

They want shopping to be fast and fun — less of a process. That’s why Synchrony partnered with payments startup Skipify, which enables purchases instantly across email, text, social and other channels. And they represent a market segment that retailers can’t ignore. strikes Gen Z as cumbersome, slow and old-fashioned.

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Merchant Services Payment Services Finance Consumer 306

Retail TouchPoints

APRIL 27, 2021

The economic fallout from the COVID-19 pandemic accelerated demand for buy now, pay later (BNPL) payment options. Surges in online shopping during the pandemic helped fuel the growth of point-of-sale loans — a market that is forecast to grow at an annualized 9.8% Consumers are using BNPL to stretch purchase payments between paychecks.

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Merchant Services Payment Services Consumer Point of Sale 130

Retail TouchPoints

MAY 16, 2022

Buy now pay later (BNPL) is one of the largest, fastest-growing and most well-funded segments in the fintech market. It’s clear this reverse layaway payment model is also here to stay. They make a single payment before they close the account and then resell the laptops elsewhere for a hefty profit.

Merchant Services 239

Merchant Services Payment Services Accounting Consumer 239

365 Retail

MAY 17, 2022

Axerve, Payment Partner to Grow, specialising in creating accessible and frictionless payment solutions for Ecommerce and physical sales, today announces the release of a new white paper, ‘ New technologies and trends in digital payments in 2022 ’. Payment orchestration is a key tool for managing this increased complexity.

Merchant Services 105

Merchant Services Payment Services Customer Experience Management 105

Inside Retail

MAY 17, 2022

The industry’s latest move: accepting cryptocurrency as a form of payment. The crypto market has recently fallen into a steep dive, however, and strict regulations across countries and potential security issues may pose a risk to its growth in coming years. Beyond payment. So, why are retailers betting on crypto now?

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Merchant Services Payment Services Advertising Returns 243

Small Biz Trends

SEPTEMBER 7, 2022

If you’re like most small business owners, you’re always on the lookout for new small business financing options. In this article, we’ll explore 20 different financing options for small businesses such as traditional bank loans. What is Business Financing? Three Main Types of Financing for Businesses.

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Finance Merchant Services Payment Services Marketing 134

Retail TouchPoints

NOVEMBER 16, 2022

Meta also will highlight businesses from its Meta Business Leaders Network in the new 2022 Smalliday Showcase gift guide, and provide small businesses with advice on advertising effectively with its SMB Holiday Marketing Guide. Square plans to announce additional details about the card in 2023. Multiple Meta Resources.

Merchant Services 278

Merchant Services Finance Advertising Marketing 278

Retail TouchPoints

AUGUST 14, 2020

This adds up to a new outlook on finances for Gen Zers who are already taking a more careful approach in how, when and where they spend. More consumers today are discovering brands and products on social platforms, which makes omnichannel marketing so critical. Unlike other generations, Gen Zers expect flexibility in payments.

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Inside Retail

JUNE 12, 2024

Speaking to merchants in Australia, it’s clear that the retail landscape is more competitive than ever, intensified by the influx of global e-commerce players and price-conscious consumers. This also allowed it to offer ship-to-customer services to sell items that were available online but not held in store.

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Merchant Services Payment Services Customer Experience Outdoor 264

Retail TouchPoints

AUGUST 18, 2022

Most buy now, pay later offers are interest- and fee-free, unless customers miss a payment. consumers say they have used a buy now, pay later service, according to a recent study from The Ascent, a Motley Fool service. In fact, 50% of U.S The rise of BNPL is in many ways a case of the right product at the right time.

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Merchant Services Payment Services Consumer Point of Sale 278

Inside Retail

JUNE 29, 2022

While BNPL offerings are mature in Australia and New Zealand, due, in large part to the emergence of Afterpay, countries in South East Asia have new markets with room for incredible growth. But the payment method is already truly embedded in the digital economy and is not going anywhere, even if it is regulated.

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Merchant Services Payment Services Finance Consumer 130

Retail Minded

MARCH 29, 2024

For retailers looking to expand their operations, securing financing is a crucial step to fuel growth. Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains. Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains.

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Finance Merchant Services Payment Services Boutique 95

Small Biz Trends

JULY 19, 2022

If you’re also struggling to stay afloat due to piled-up accounts receivable, you can opt for accounts receivable financing to improve cash flow in your company. What Is Accounts Receivable Financing? Accounts receivable financing should not be confused with invoice factoring. How Does Accounts Receivable Financing Work?

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Retail TouchPoints

AUGUST 19, 2020

The issue for so many of these companies might have been that the move to e-tail from retail meant giving up their own brand and an experience their customers love, and joining up with one of these giants as a nameless, faceless merchant amidst a sea of millions. That reality is likely one reason why Amazon controls nearly 50% of all U.S.

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Merchant Services Payment Services Consumer Finance 274

Retail TouchPoints

JUNE 10, 2022

It begins at the enterprise level by making the commitment to tackle these cost increases from suppliers and make some significant changes to the way merchants approach supplier negotiations and how they make their assortment decisions. Next, retailers need to standardize the intake process. How can retailers tackle these challenges?

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Inside Retail

MARCH 27, 2023

In February, ShopBack, a shopping, rewards and payments platform, partnered with Sunway Pyramid, a mall in Malaysia, on the ShopFiesta event to reward shoppers with promotions and giveaways. Shoppers were able to make purchases at a discount and split their payments into three instalments. It was all about boosting in-store shopping.

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Merchant Services Payment Services Marketing Spend Finance 130

Retail TouchPoints

JULY 12, 2022

Content governance is a set of guidelines, roles and priorities to ensure professionals across teams (from marketers to merchants to website developers) can work efficiently, effectively and autonomously toward a common set of objectives. As content increasingly moved online, the cracks in this process became ever more obvious.

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Merchant Services Marketing Management Finance 278

Retail TouchPoints

NOVEMBER 4, 2021

The holidays always tend to put a strain on the piggy bank, but a study from personal finance company Credit Karma found that 43% of consumers are feeling more financially stressed this holiday season, and inflation is the leading cause. Even outside of the holiday season, uptake in buy now, pay later (BNPL) services is exploding in the U.S.,

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Consumer Merchant Services Payment Services Drop-Shipping 264

Retail TouchPoints

FEBRUARY 14, 2022

In fact, most retailers are sitting on a mountain of data, but because of concerns over competition, privacy and the lack of a clear market, only small pockets of retail data have been converted into cash flow. In addition, they are becoming less tolerant of others using personal data for marketing. The Value in Receipt Data.

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Merchant Services Consumer Accounting Customer Experience 264

Inside Retail

MARCH 19, 2024

Shopback’s decision to terminate its buy now pay later (BNPL) service in Malaysia and Singapore has sparked discussions and raised pertinent questions about the future of digital payment solutions in the region. For merchants, it means increasing basket sizes, which makes it a win-win situation for all involved,” he opined.

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Merchant Services Payment Services Finance Consumer 130

Retail TouchPoints

MAY 27, 2020

The closures aren’t expected to begin until summer, and the company will continue its reopening efforts during the bankruptcy process. The company closed all of its stores, though 80% of its footprint has become operational since its reopening process began on April 24.

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Merchant Services Planning Finance Store Operations 165

Inside Retail

NOVEMBER 23, 2021

Amazon’s latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company. Some analysts said it could presage a fight in the much bigger US market.

Merchant Services 130

Merchant Services Finance Accounting Consumer 130

Inside Retail

FEBRUARY 27, 2023

This is broken down to one platform (ChatJD), two industries (retail and finance), and five applications (content generation and information). The ‘Yanxi AI’ platform, which was developed from JD’s early smart customer service chatbot, applies dialogue generation in both customer service and generating marketing content like selling points.

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Merchant Services Finance Marketing Consumer 130

Small Biz Trends

JULY 18, 2022

Fintech lending has expanded in recent years, disrupting the small business lending market by leveraging AI technology and data analytics. For Fintechs, APR for online loans and other financing products can start at 7 and climb higher than 100%,” he warns. Predatory Practices.

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Merchant Services Finance Marketing ATS 111

Inside Retail

AUGUST 8, 2023

Super apps in Asia are trendy, and with good reason: they gather together a number of essential everyday services onto a single, easy-to-use platform. Sea, for example, provides an integrated suite of e-commerce (through Shopee), digital entertainment and financial services. Financial services accounted for $412.8

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Merchant Services Payment Services Accounting Finance 130

Retail TouchPoints

JULY 11, 2024

But now the new raft of delivery service platforms that have sprung up in the past few years are now helping florists do it faster and more efficiently. 1-800-Flowers.com works with many of them to help the florists in its BloomNet network take their service to the next level. of the U.S.

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Merchant Services Fulfillment Shopping Returns 270

Inside Retail

NOVEMBER 12, 2023

From navigating language and cultural barriers to grappling with high marketing costs and talent shortages, SMEs have long sought solutions that are both effective and accessible. Zhang also noted that marketing and user acquisition have become more expensive due to the fierce online competition.

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Merchant Services Finance Marketing Consumer 130

Independent Retailer

AUGUST 3, 2022

This flexible payment solution also doubles up as a highly effective marketing tool for you as a retailer to build your brand equity. White-labeled BNPL solutions put the merchant in the driver’s seat and enable them to retain the customer relationship and data. Optimize Consumer Approval Rates.

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Merchant Services Payment Services Finance Consumer 97

Inside Retail

DECEMBER 14, 2021

Buy now, pay later (BNPL) companies were among the stock market darlings of 2020 – and nowhere more than in Australia, the birthplace of pioneering companies Afterpay and Zip Co. Afterpay is now Australia’s 15th most valuable stock, with a market capitalisation of about A$32 billion.). Credit services have been around for decades.

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Merchant Services Payment Services Finance Marketing 130

Retail TouchPoints

MARCH 29, 2022

Sessions illustrate the increasingly complex nature of the customer experience, and how the lines between commerce, marketing, service, and even supply chain and fulfillment, continue to blur. It’s no wonder marketers and merchants are overwhelmed trying to capture consumers’ attention and convert them.

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Payment Services Merchant Services Consumer Customer Experience 245

Retail TouchPoints

JANUARY 11, 2022

Retail TouchPoints recently partnered with Amazon Web Services on a survey of 500 retail and brand executives and found that the vast majority ( 84% ) have incorporated CSR in some way into their business strategies, largely because they think it is the right thing to do ( 72% ). of purchases.

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