Retail TouchPoints

AUGUST 14, 2023

While autonomous stores and technological innovation are high on the retail agenda, the infrastructure and operational efforts that enable them aren’t often given the same broad attention. Grocery retail is rooted in a traditional brick-and-mortar business model, with many longstanding and comprehensive internal processes.

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Payment Services Checkout Inventory Management Grocer 245

Retail TouchPoints

MARCH 17, 2021

Online payment processing company Stripe has raised $600 million in Series H funding, nearly tripling its valuation in under a year to $95 billion , according to data from Pitchbook. Of the 42 countries in which Stripe operates, 31 are in Europe. We’re laser focused on helping ambitious businesses grow faster.

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Payment Services Finance Planning Management 216

Small Biz Trends

DECEMBER 6, 2022

A point-of-sale system is one of the best tools for small businesses looking to accept payments. Point-of-sale systems enable business owners to be more agile with their payment processing and forego using the cash drawer. What Is a Point of Sale POS System? How Do POS Systems Work?

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Point of Sale Payment Services Merchant Services Inventory Management 115

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

JULY 5, 2024

The Impact of Technical Disruptions on Retail A vivid illustration of the vulnerability of retail operations to technical disruptions occurred recently in the UK. Greggs, the nation’s largest chain of bakeries, experienced a significant payment system failure that impacted over 2,450 stores nationwide.

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Payment Services Customer Experience Inventory Management Consumer 278

Retail TouchPoints

AUGUST 3, 2022

Buy now, pay later is short-term financing that allows people to buy everyday items like home goods, electronics and clothes in low to no interest monthly installments — and receive the goods immediately. And there are a lot of consumers that use it: 56% of Americans have used a BNPL service, up almost 50% in just one year.

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Payment Services Finance Point of Sale Checkout 277

Retail TouchPoints

AUGUST 18, 2022

Also known as pay-over-time or pay-in-4 installment plans, BNPL offers consumers the chance to split up the cost of major purchases directly at the point of sale. Most buy now, pay later offers are interest- and fee-free, unless customers miss a payment. In fact, 50% of U.S The Appeal of BNPL: Layaway Without the Stigma.

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Retail TouchPoints

NOVEMBER 4, 2020

Further, making purchases online has become even easier with the emergence of point-of-sale (POS) lending, which allows consumers to split the cost of purchases into regular installments — even for a purchase as small as a $75 sweater. Because of this ease, merchants have begun relying on POS financing to drive sales growth.

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Merchant Services Payment Services Accounting Jewelry 317

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% over the five years through 2024-25, to $1.1

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Merchant Services Payment Services Consumer Point of Sale 130

Retail TouchPoints

DECEMBER 20, 2023

Indeed, until recently most BNPL offerings were relegated to the digital realm, but stores are widely seen as the next big area of expansion for this increasingly popular financing option. Customers also can access Affirm BNPL financing at Walmart Vision and Auto Centers. year over year.

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Retail TouchPoints

NOVEMBER 14, 2024

Businesses today operate in a fast-moving cyber threat landscape. As digital operations become more complex and cybercriminals launch increasingly sophisticated phishing and malware attacks, data breaches have become common occurrences. Ensure robust security and incident response training.

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Payment Services Consumer Management Point of Sale 277

Retail TouchPoints

FEBRUARY 27, 2024

With this evolution into digital sales and the increased use of data mining, retailers are facing unprecedented challenges in digital security. Cyberattacks and network outages can disrupt operations and erode customer loyalty. Conducting a third-party audit of cybersecurity protocols.

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Payment Services Wholesale Store Layout Inventory Management 278

Inside Retail

APRIL 29, 2023

The acceptance of cash has started to trend upwards again, but payment technology is helping businesses to deliver consistently better experiences, so what does the future hold? And how can businesses be ready for evolving payment technologies? Consumers, too, preferred to use contactless payments or to shop online.

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Merchant Services Payment Services Customer Experience Point of Sale 130

Inside Retail

APRIL 10, 2022

Luxury streetwear label Off-White is the latest fashion brand to offer its customers payment with cryptocurrencies at its three flagship stores in Paris, Milan and London. Transactions are managed through a sophisticated digital payment system by Berlin-based technology company Lunu.

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Payment Services Point of Sale Finance Accessories 162

365 Retail

JUNE 5, 2024

Luckily, new technology offers solutions to streamline retail store operations, boost operational efficiency, and provide top-notch service. Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. Read on for more insight!

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Payment Services Inventory Management Checkout Inventory Turnover 52

Retail Next

SEPTEMBER 10, 2019

You don’t want to get a bad reputation among fellow business owners as someone who is always late on payments. Instead, make it a point to always pay your bills on time, or even a little early if possible. If you aren’t good with finances or are simply strapped for time, hire a bookkeeper to track your finances.

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Finance Payment Services Loss Prevention Accounting 59

Storis

MAY 31, 2024

Branded credit cards enhance customer loyalty by offering promotional financing incentives to customers as a competitive differentiator. Retailers can earn reoccurring revenue from the interest rate charged on top of monthly payments or outstanding account balances. of the transaction.”

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Payment Services Finance Accounting Promotions 52

Small Biz Trends

APRIL 15, 2021

Besides having a brick-and-mortar shop, going online to offer your products and services comes with lots of opportunities for your business. An eCommerce platform is a software application that helps businesses sell products and services online. This means users don’t have to buy web hosting or install software anywhere.

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Merchant Services Payment Services Drop-Shipping Shipping 122

365 Retail

SEPTEMBER 16, 2024

Smart financial planning is essential to navigating these challenges effectively, ensuring smooth operations, and ultimately driving growth. This guide provides actionable strategies to streamline retail operations by setting clear financial priorities, managing cash flow, and optimising resources.

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I Vend

AUGUST 12, 2024

IT systems are essential in any modern retail operation and the two key platforms are point of sale (POS) and Enterprise Resource Planning (ERP). Read more Here we explore the importance and power of integrating POS and ERP software in retail operations; how retailers can achieve it and the massive benefits when they do.

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Payment Services Inventory Management Point of Sale Supply Chain Management 52

Retail Next

DECEMBER 19, 2019

Just a few decades ago a POS (point of sale) terminal was nothing more than a cash register where you’d come and pay for goods or services you just acquired in a certain store. This way the checkout process is much faster, while the rest of your stock is also easily accessible via a search query. Multiple payment methods.

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Payment Services Checkout Accounting Point of Sale 64

Storis

APRIL 12, 2024

While traditionally associated with industries like streaming services or meal delivery kits, subscription models are gaining traction in retail, including furniture stores. Access to member-only financing plans with attractive terms and interest rates. Premium delivery services or free delivery with no minimum requirements.

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Payment Services Customer Retention Promotions Accounting 52

Storis

APRIL 18, 2024

While traditionally associated with industries like streaming services or meal delivery kits, subscription models are gaining traction in retail, including furniture stores. Access to member-only financing plans with attractive terms and interest rates. Premium delivery services or free delivery with no minimum requirements.

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Payment Services Customer Retention Promotions Accounting 52

Storis

APRIL 12, 2024

While traditionally associated with industries like streaming services or meal delivery kits, subscription models are gaining traction in retail, including furniture stores. Access to member-only financing plans with attractive terms and interest rates. Premium delivery services or free delivery with no minimum requirements.

Payment Services 52

Payment Services Customer Retention Promotions Accounting 52

Storis

JANUARY 22, 2024

Retailers are also offering services within their spaces. Buy with Prime” enables Shopify merchants to use Amazon’s payment and fulfillment services. Retail and Technology Initiatives for 2024 The Momentum of Mobile POS Mobile Point of Sale is a top 3 technology initiative in STORIS’ 2024 survey.

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Home Furnishings Payment Services Merchant Services Fulfillment 52

Storis

JANUARY 22, 2024

Retailers are also offering services within their spaces. Buy with Prime” enables Shopify merchants to use Amazon’s payment and fulfillment services. Retail and Technology Initiatives for 2024 The Momentum of Mobile POS Mobile Point of Sale is a top 3 technology initiative in STORIS’ 2024 survey.

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Home Furnishings Payment Services Merchant Services Fulfillment 52

Clover - Retail

JULY 3, 2024

A financial forecast and projections, providing a summary of how you think your business will perform in its first few years and the type of financing you’ll need to support your business goals. What businesses are operating in the surrounding area? To help you set up and manage your inventory, choose a point of sale (POS) system.

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Jewelry Payment Services Planning Location 52

Retail TouchPoints

OCTOBER 7, 2020

We went through a process of intense reopening over about eight weeks from mid-May to mid-July, which has since continued at a slower pace,” said Jordi Martin-Consuegra, EVP, Chief Administrative Officer and Deputy CEO at Hudson in an interview with Retail TouchPoints. The company is now operating approximately half of its locations.

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Payment Services Point of Sale Specialty Retailers Customer Experience 214

Merchant Marverk

AUGUST 10, 2020

Besides its global takeover, one of the things I admire most about Shopify POS is that it’s very upfront about disclosing every component of hardware that its point of sale system works with. Shopify POS is optimized for iPads for in-store selling and iPhones for mobile sales. I’m talking about Shopify , of course.

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Payment Services Merchant Services Finance Point of Sale 61

Retail TouchPoints

JULY 2, 2024

Bringing Silicon Valley-Style Innovation to Wholesale In 2011, Rhodes was working for payments solution Square in Silicon Valley while running a side hustle as a wholesale distributor for New Zealand-based Blunt Umbrellas. “It The innovation that we at Faire brought to the market was offering free returns and net-60 payment terms.

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Inside Retail

NOVEMBER 1, 2022

According to point-of-sale data collected by Nikkei from supermarkets and other food retailers for more than 200 products, food prices are rising faster than the official government CPI as wholesale increases for most products are passed quickly through to consumers. per cent, food service up 6.5 Thailand keeps the lid on.

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Retail TouchPoints

AUGUST 2, 2021

Payment industry experts see the acquisition as a win for both companies as well as a sign of the growing ubiquity of BNPL. BNPL has become as expected online as any other payment method, and Square’s ability to bring this into the store and capture some of that margin is likely to add to their own bottom line,” Watson added.

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