Retail TouchPoints

FEBRUARY 3, 2023

The new year is here; however, the market challenges of 2022 didn’t evaporate with the turning of the calendar. The current economic environment has driven consumers to be more budget conscious and price sensitive as inflation pushes up the cost of living and products’ prices. Be mobile-friendly.

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Payments Merchant Services Payment Services Shipping Costs 246

Retail TouchPoints

MARCH 29, 2023

Apple has begun the pre-release of its new Pay Later offering, which was first announced at the company’s developers’ conference in June 2022. Pay Later — which will let users split purchases into four payments spread over six weeks with no interest and no fees — is now available for some randomly selected Apple Wallet users in the U.S.,

Merchant Services 283

Merchant Services Payments Payment Services PayPal 283

Retail TouchPoints

FEBRUARY 8, 2024

In partnership with brands, media owners could utilize product placements, in combination with targeted communications with their audience, in order to boost sales in a revenue-sharing deal. Unlocking New Revenue Opportunities Aside from boosting sales and driving media revenue, retail media networks bring other benefits too.

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Payments Payment Services Retail Channel 292

Retail TouchPoints

JUNE 23, 2022

The 2022 back-to-school (BTS) season could be the most “normal” since the start of the pandemic, with even more demand than the record-setting BTS 2021 season for clothing, classroom supplies and new technology. Give Back-to-School Shoppers Alternative Payment Options.

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Payment Services eCommerce Payments Retail 273

Retail TouchPoints

FEBRUARY 21, 2023

This growth will be driven not just by an increase in new social commerce buyers but also by an increase in the average spend per user, with Insider Intelligence predicting that more than 114 million consumers will spend an average of nearly $1,000 a year on social purchases by 2025. social network ad spending forecast by $16.21

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Payments Social Media Merchant Services Consumer 226

Retail TouchPoints

NOVEMBER 13, 2023

However, consumers are still spending, the labor market remains tight, and the Adobe Digital Price Index recently posted an overall 40-month low, an encouraging sign for online shoppers: Adobe reported that online prices fell for 11 out of 18 tracked product categories on an annual basis. But there are possible headwinds on the horizon.

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Consumer Merchant Services Sporting Goods eCommerce 302

Retail TouchPoints

JANUARY 4, 2024

Consumers responded to steep discounts in key ecommerce categories, including electronics, where discounts peaked at 31% off listed prices (versus 25% in 2022); toys ( 28% versus 34% last year); and apparel ( 24% versus 19% ). of online sales, up from 47% in 2022. November’s sales total of $123.5 billion topped December’s $98.6

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Retail TouchPoints

FEBRUARY 7, 2023

But the luxury market sits in a unique position of growth: spending on luxury goods grew approximately 20% in 2022, according to Bain & Company , and it is likely to expand further through 2023. These consumers are using digital channels and experiences to discover and engage with once out-of-reach luxury brands.

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Payments Omnichannel Payment Services Consumer 281

ESW

JUNE 6, 2023

The payments landscape has evolved quickly from physical payments such as cash and credit cards to digital payments like Google Pay, PayPal, bank transfers and more. Here’s how multiple ecommerce payment options can benefit brands, how to choose the right payments and the various payments favoured by today’s consumers.

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Merchant Services Payment Services Payments eCommerce 78

Retail TouchPoints

JUNE 8, 2022

As the retail industry starts to return to normal in 2022, merchants around the world continue to respond to changing consumer behavior by embracing adaptability with open arms, in addition to being increasingly open to new technologies as part of their long-term strategies. This led to an increase in ecommerce sales by 14.2%

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Merchant Services Payment Services Payments eCommerce 237

Retail TouchPoints

JUNE 8, 2022

As the retail industry starts to return to normal in 2022, merchants around the world continue to respond to changing consumer behavior by embracing adaptability with open arms, in addition to being increasingly open to new technologies as part of their long-term strategies. This led to an increase in ecommerce sales by 14.2%

Merchant Services 235

Merchant Services Payment Services Payments eCommerce 235

Ecommerce Platforms

AUGUST 11, 2022

An excellent alternative to working with cable companies, OTT solutions have quickly become the go-to option for countless consumers. With an OTT platform, content creators can build online hubs for their videos, monetize their work in a range of different ways, and explore the benefits of both live streaming and video on demand.

Payments 104

Payments Multi-channel Payment Services Subscription 104

Retail TouchPoints

AUGUST 18, 2022

As younger consumers gain greater spending power, once notoriously inaccessible brands are now expanding from exclusive boutiques into virtual worlds and experiences. During its July 26, 2022 earnings release, LVMH reported revenue of approximately $37.3 billion , which is a 28% increase compared to the same period in 2021.

Cryptocurrencies 257

Cryptocurrencies Payments Payment Services Fashion 257

Kissmetrics

JANUARY 1, 2021

Games as a Service (GaaS) was introduced as a barrier between consumer cost concerns and user engagement. Games as a Service acts as a continuous revenue service for developers, allowing them to break their reliance on the one-time purchase. Games as a Service Payment Options.

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Payment Services Games Payments Marketing 264

Retail TouchPoints

MARCH 29, 2022

The 2022 Connected Consumer Series featured industry experts, thought leaders and practitioners prepared to share their wisdom with their peers, and spotlighted powerful examples from FILA, Lidl, Patagonia and other businesses. It’s also changing the dynamics of retailers’ relationship with consumers. “If

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Payment Services Merchant Services Omnichannel Consumer 220

Retail TouchPoints

JUNE 17, 2024

In general terms, it is a digital promotion that is activated by using a specific payment card, website or app to make the purchase. These offers are actually considered “rewards” that consumers automatically receive when they shop, just by linking their debit or credit cards to an app, website or loyalty program.

Merchant Services 252

Merchant Services Retail Payments Gifts 252

Ecommerce Platforms

MARCH 15, 2023

Currently, the “creator economy”, made up of YouTube stars, streamers, influencers, and more, is changing the way people connect with, consume, and even research products online. According to some stats, there were around 50 million people in the “creator economy” as of 2022. do so part-time.

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Payments Social Media Channel Hobbies 104

365 Retail

OCTOBER 11, 2022

A new study from FIS ® (NYSE: FIS), shows how the shopping preferences of younger UK consumers have shifted as adoption of embedded finance services reaches mainstream usage among Millennials and Gen Zs, while their older counterparts are less engaged with newer, digitally-oriented financial experiences.

Merchant Services 98

Merchant Services Payments Payment Services Social Media 98

Retail TouchPoints

SEPTEMBER 21, 2021

The 15 sessions covered a wide range of topics, so to make it easier to browse we’ve organized the sessions into four categories: Holiday 2021 forecasts and how best to prepare for 2022; Building loyalty with connected consumer experiences; Key ecommerce and digital marketing trends; and Embedding innovation within your retail organization.

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Payments Payment Services Customer Experience Social Media 226

Retail TouchPoints

MAY 9, 2022

DTC ecommerce solution provider ESW will acquire Scalefast , an end-to-end ecommerce company, in a deal that is expected to close by mid-year 2022. Scalefast’s technology offering is highly complementary and will enable ESW to unleash new capabilities and deliver even faster direct-to-consumer ecommerce growth for new and existing clients.”.

Payment Services 261

Payment Services Payments Electronics Omnichannel 261

Algopix

SEPTEMBER 19, 2022

It’s already 2022. Still, cart abandonment remains a major problem among most eCommerce businesses. Then, and only then, will you address the problems in your checkout process to boost your sales. This page will tackle the top reasons for shopping cart abandonment in 2022. Why Online Shoppers Abandon Their Carts in 2022.

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Shopping Carts Merchant Services Payment Services Shipping Costs 78

Korona

JANUARY 4, 2023

The trend also applies to the consumer side. So retailers, too, need to be prepared to accept payments across borders. And these are mainly found in the process of making cross-border payments. Both businesses and employees have run into problems when trying to complete a cross-border payment. ACH payments.

Payment Services 52

Payment Services Small Business Retail Payments POS 52

FastSpring

SEPTEMBER 12, 2024

The payments landscape and how it affects businesses trying to grow in Asia. If you’re not sure how to kickstart growth for your digital products or software business in Asia, listen or watch now! Before joining FastSpring, I spent quite a number of years within the payments industry.

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Merchant Services Payment Services Payments eCommerce 167

Retail TouchPoints

JANUARY 25, 2024

Proper security is imperative to any business’ bottom line and the integrity of their brand, but how can that be achieved without increasing the burden on the end consumer? A unique key pair is created for every website, service and app that the consumer needs to access, and is tied to a specific site or application.

Payment Services 253

Payment Services Cryptography Payments Improvements 253

Ecommerce Platforms

APRIL 4, 2022

The best POS system for small business is a simple, affordable, and reliable tool for managing sales and in-person transactions. A point-of-sale system empowers businesses to take payments from consumers in-store and track the movement of inventory. The Best POS for Small Business. Who is it best for?

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Small Business Retail POS Payment Services lightspeed 104

Retail TouchPoints

OCTOBER 19, 2022

It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. . This trend follows changes in the retail sector, which has recently seen a shift toward an omnichannel approach and subsequent changes in how consumers spend. What Increased Regulation will Mean for Consumers and Retailers.

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POS Merchant Services Payment Services Payments 220

Korona

MARCH 28, 2022

Whether you buy into its viability in 2022 or not, it’s becoming clearer every day that crypto is here to stay. Major brands such as Home Depot and Microsoft have begun accepting crypto as part of their eCommerce payment options. Also, processors like Paypal now have crypto gateways accepting many different coins.

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Payment Services Cryptocurrencies Payments Merchant Services 52

Ecommerce Platforms

MARCH 1, 2022

This is particularly true if your online store offers alternative shipping, payment, or product options like a subscription box or customized items. Compile the questions that customers are bound to ask about the entire process and fill them in with simple, transparent answers. Test the checkout process to see if it works.

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Payment Services Merchant Services eCommerce Payments 104

Retail TouchPoints

DECEMBER 20, 2023

Moreover, we’ve found that 76% of consumers would either delay or not make a purchase without Affirm,” said Pat Suh, SVP of Revenue at Affirm in a statement. will help even more consumers increase their purchasing power during the holiday shopping season and beyond.” year over year.

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Toys Electronics Apparel Payments 276

Ecommerce Platforms

JANUARY 13, 2022

Many online consumers even seek out dozens of subscription offerings to streamline everything in their lives, from cooking to cleaning, and razors to gift giving. Subscriptions play an essential role in simplifying lives, but they also make for a wonderful business model. You're not left making wild sales projections for every quarter.

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Subscription Shopify Payment Services Merchant Services 104

Retail TouchPoints

JANUARY 3, 2023

This article reveals effective strategies to safeguard brands’ customers, reputation and revenue moving forward. 2022 saw the fastest pace for inflation in decades. As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers.

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Payment Services Merchant Services Retail Gifts 294

Retail TouchPoints

AUGUST 7, 2023

Revenues were down more than expected, decreasing 42% YoY to $78 million ; adjusted EBITDA was in line with expectations but still represented a loss of $66 million in the quarter; and monthly active users were down 48% to 12 million. “The A Little Bit of History Repeating? The very next month Temu debuted in the U.S.

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Shipping Costs Merchant Services Payment Services Shipping 220

Groove

OCTOBER 7, 2022

Types of Subscription Programs Replenishment The replenishment subscription model is most commonly applied to everyday consumable goods that customers need on a recurring basis. This is easily the most common subscription program type leveraged as of 2022. In some cases.

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Subscription Shopify Merchant Services Payment Services 195

GetElastic

APRIL 28, 2022

The world of digital commerce is constantly changing, and with the rapid shift to online retailing as a result of the COVID pandemic, 2022 promises to be no different. direct-to-consumer (DTC) eCommerce sales reached 129 billion, and are projected to reach 151 this year. Consumers Becoming Increasingly Sustainability Conscious.

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Payment Services eCommerce Customer Retention Demo 78

FastSpring

JANUARY 29, 2020

Between new legislation going into effect and shifting consumer preferences, the ecommerce landscape is anything but stagnant. Want to learn more about the five ecommerce payment trends shaping 2020? Push for smarter payment processing. More businesses will transition to a subscription model. billion in sales.

Payment Services 80

Payment Services Merchant Services Payments eCommerce 80

Groove

JULY 29, 2022

PAYMENT PROCESSORS Aside from Shopify’s internal offering, Shopify Payments, merchants can select from a wide range of payment options. eCommerce retailers can also choose to offer 3rd party payment plan providers such as Klarna. Vast User Base As of July 2022, there are 1.75

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Retail TouchPoints

JULY 17, 2023

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. billion in 2022 and is expected to grow at a CAGR of 28.4% Smart merchandising helped GetGo improve the consumer experience and increase sales.

Food and Beverages 238

Food and Beverages Payment Services Retail Payments 238