article thumbnail

Holiday Shopping Trends and Payments Innovations: Experience as Competitive Advantage

Retail TouchPoints

Payments technology is central to the shopping experience. During the holiday rush the security and ease of the payments experience can be as crucial as product price or availability. How can retailers update their payments systems to meet rapidly changing consumer behavior during peak demand?

article thumbnail

Don’t Get Scammed by a Grifter: How to Avoid and Manage Gift Card Fraud

Retail TouchPoints

These scams don’t typically require large payments. However, with the rise of digital payments, merchants are beginning to notice a steady increase in fraudulent losses that are compounding over time. Data even shows that the global market is expected to reach $2,076.51B by 2027 , and that 1% to 4% of U.S.

Gifts 321
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Striking the Balance Between Fraud Prevention and Seamless Customer Experiences

Retail TouchPoints

Today, nearly two-thirds of adult consumers globally use digital payments, and by 2027, digital revenue is predicted to exceed $14.9 But this growth also has made retailers’ digital payment processes a target for credit card fraud, online payment fraud, identity theft and account takeovers.

article thumbnail

Integrations are the Achilles Heel of Composable Commerce: Tips for Overcoming Challenges

Retail TouchPoints

trillion by 2027. To ensure they have the capacity to meet that demand and to see the benefits from those sales in their own revenue growth, digital commerce teams must scale their own technology capabilities to match. Analysts project that U.S. online retail sales will reach $1.6

article thumbnail

4 Reasons to Offer Multiple Ecommerce Payment Options

ESW

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.

article thumbnail

The Top Creator Economy Statistics for 2023

Ecommerce Platforms

Where in the past, content production required specialist equipment, knowledge, and skills, the creator economy created a world where anyone could produce, and monetize content. Other common challenges included finding the right strategies for monetization, marketing, and publishing on a regular schedule. ( billion in 2027.

Payments 104
article thumbnail

Future of Ecommerce: How Technology Will Change in 10 Years

Blue Acorn

If we told you that by 2027 humans wouldn’t be driving anymore, never had to touch a dollar bill, or would be willing to cut off an arm for an electronic one, would you call us crazy? From automated cars to the mass adoption of contactless payment, the technology of today will become the norm of tomorrow (maybe). Automated Vehicles.