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As the holiday shopping season approaches, retailers face increased pressure to facilitate a seamless and secure shopping experience. This is an opportunity to not only capture share of wallet but also build lasting customer loyalty and trust. Payments technology is central to the shopping experience.
Customers want personal, seamless, no-contact experiences, and each additional endpoint helps provide what today’s customers expect. Self-service kiosks allow shoppers to take charge. Research shows that more than 90% of cyberattacks and 70% of data breaches begin at the endpoint. IT teams today can (and should!)
When customerdata is exposed in a cyberattack, criminals can use it to commit fraud. Fraudsters can steal employee credentials to expose customerdata. Both kinds of incidents affect the bottom line and both can impact the companys image with customers. Vendor communication. Site security is also a concern.
The challenging economic environment, intense regulatory pressure and ever-present threat of fraud are creating a perfect storm that’s sweeping across the global payments landscape. Instead of seeing compliance as a painful obligation, it’s time to see it as a springboard for innovation, expansion and collaboration.
Storefronts are eliminating the checkout process, augmented reality is reducing return rates and virtual marketplaces are offering new consumer experiences. To protect themselves, businesses must take proactive measures to secure their operations in an increasingly hostile digital landscape.
As 76% of businesses that are advanced in their integration of technology, business goals and analytics report a more favorable market position, retailers today can’t miss out on using customerdata to improve virtually every aspect of their operations. . Improve interactions and customerservice.
Promotional efforts such as coupons and discounts work well in social commerce, too, as do flexible payment terms. Success with Social Commerce Depends on Data That brings us to data. One of the downsides of selling on social commerce platforms is that the retailer doesn’t own the customer.
In retail brand impersonation attacks, cybercriminals pose as trusted retailers or brands to deceive consumers into revealing sensitive information, making payments for fake products or downloading malicious content. They can also impersonate company executives internally, tricking employees into authorizing payment on fraudulent invoices.
eCommerce is booming, and with more people shopping online than ever before, having a streamlined and efficient paymentprocess is essential. However, with so many payment methods and processors available, and so many new payment trends , it can be overwhelming to know where to start. What is a Payment Gateway?
And process returns of stuff people don’t want! Associate POS adoption depends on getting the user experience right. Customer and product information at their fingertips What are some of the functionalities and data that your POS system needs to serve up? Well, let’s start with customerdata.
Dealing with customerservice for a faulty product or return? One area that may drastically improve consumers satisfaction with customerservice: AI-powered bots that can act as a shoppers own personal concierge service. Want to combine a gift card with your credit card for payment? No problem.
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.
Your customers shopping journey refers to the steps theyve taken before, during, and even after they make a purchase at your store. With the growing role of a positive customerexperience in driving sales and repeat purchases, the concept of the shopping journey and its importance has never been more relevant.
Due to the ease of creating and maintaining an ecommerce shop, as well as the rise of micro-brands, today’s market is riddled with cutthroat competition and decreased customer loyalty. Nonetheless, it is even more essential that ecommerce business owners and managers operate within their circle of competence. Improve customerservice.
What is Post-Purchase Experience The post-purchase experience refers to the activities you undertake and the interaction you have with your customers after they have purchased from your platform. After-Sales Service No, this is not the same as customer support.
On the other hand, the holiday season is also cause for pain and headaches when it comes to inventory management, high-volume shipping , advertising cost planning , and of course, customerservice. But this still doesn’t account for the significant lift in customerservice volume during the holiday season.
Retail CustomerExperience ). Here are some ways leading companies are using checkout-less shopping to create a frictionless shopping experience. The data is synced with the handheld device, and when sensors (and face recognition) confirm you’ve left, the items are added up like in any other online shopping cart.
Surveys show that 70% of customers get irritated by slow or chatty cashiers, and 49% hate seeing closed lines at peak hours. Retail CustomerExperience ). Here are some ways leading companies are using checkout-less shopping to create a frictionless shopping experience. Faster fast food payments.
The truth of the matter is this: What makes your business successful is your dedication to customerexperience, your market strategies, your operational efficiencies and the team of people you build. An ecommerce platform is a software application that allows online businesses to manage their website, sales and operations.
The Challenge of Meeting Customer Demands Why are B2B sellers struggling to keep pace with customer demands? The answer lies in the inherent complexity of their business processes. Manufacturers, distributors and wholesalers have developed sophisticated consultative sales processes and provide exceptional customerservice.
But there are ones that will eliminate the need for you to migrate ever again –– and ones that will force this process time and time again. The biggest 2 of which are issuing the RFP and transferring the data. Finally, I’ll debunk the most common data migration myths out there. Ready to begin the RFP process?
Automating manual processes can increase productivity, reduce costs and improve the customerexperience. Digital Transformation Brings Cybersecurity Risks The retail sector has long been an attractive target for cyberattacks, as operators hold a significant amount of sensitive customerdata.
Conclusions What we can conclude from this data is that customers in Asia are less likely to renew monthly subscriptions than customers in other global markets, but are just as likely to renew annual subscriptions. and EU customerdata to set “one-size-fits-all” global pricing.
The Benefits of a Mobile POS for Retail Stores In the fast-evolving retail environment, where customer expectations continue to rise, delivering quick, personalized service is no longer optional; it’s essential for business growth and customer retention.
But how can B2B businesses sudden shift to an inbound model, or an outbound/inbound hybrid model quickly where they need to: ensure their backend operations flow seamlessly. customers get the same level of quality and service. personalized customer pricing. personalized customer pricing. LTL shipping. LTL shipping.
rise in consumer prices, it doesn’t mean they’re willing to give up a premium customerexperience. Although product and pricing remain key to acquiring customers in the retail space, it’s the top-notch, memorable experience a brand delivers that makes them stay. While shoppers might be strapped for cash given a 9.1%
Now more than ever, retailers are looking for solutions to create more seamless in-person and digital customerexperiences. But while blending of in-store and online provides consumers with significantly more flexible shopping, it also creates operational challenges. Providing Various Payments Technologies.
Shopify provides a unified commerce platform designed to enable seamless customerexperiences across all channels while centralizing data and operations for multi-location retail businesses.
ERP systems integrate supply chain, sales, finance, procurement, manufacturing and other processes into one place. This data-driven solution brings financial, logistical, and human resource data together to save you time managing your store. It also allows for personalized marketing and better customerservice.
Taking a physical experience and integrating digital payments on mobile platforms can boost customer engagement and satisfaction. One tried-and-true method for maximizing revenue is increasing conversion rates, a strategy that increasingly involves the use of advanced data and analytics. Improving Conversion Rates.
In fact, the arrival of “subscription” solutions even allowed for the introduction of a new avenue of growth for software companies, in the form of “SaaS” (Software as a Service). Unfortunately, managing subscriptions, customer cycles, and pricing structures can be a real headache. Integrates with a range of payment gateways.
A mobile point-of-sale (mPOS) system, which consists of software and portable hardware that processes retail transactions, is one option that has helped alleviate the pressure caused by labor shortages. It computes sales totals, handles payments, monitors inventory, collects company data and much more.
JCPenney has faced the same challenges that bedevil the entire department store vertical, ranging from lower foot traffic at malls to the high operating costs that come with significant brick-and-mortar investments. So we’re focusing on our stores and digital systems, applications and ecosystems, because that’s the way we meet our customers.
As a retailer, you rely on your POS technology for store operations, and you may well have an Enterprise Resource Planning (ERP) system as well or be considering one. Read how our clients have streamlined their operations. iVend’s Retail Management Solution iVend has out-of-the-box connectors for every ERP in the market.
Consumers prefer the convenience and simplicity of mobile apps to make purchases, track orders, browse new products and communicate with service agents. While foot traffic still plays a major role in business, mobile apps elevate and simplify customerexperiences and drive engagement and brand loyalty.
According to the IBM Institute for Business Value and the National Retail Federation (NRF) , Generation Z consumers place great importance on dependable and consistent experiences when it comes to their retail purchases. Payments play a key role. The customerdata is stored in the app, so all it takes is a few clicks to pay.
They strive to create seamless, personalized customerexperiences to continue to attract discerning consumers and build efficient supply chains, yet they often encounter barriers presented by fragmented technology infrastructure, which hinders scalability without disruption. These businesses find themselves at a demanding intersection.
In the world of eCommerce, the ability to processpayments seamlessly is essential for any online business. Paymentprocessing software intermediates between the customer, merchant, and financial institution, ensuring secure and efficient transactions. What is PaymentProcessing Software?
Order management’s role in delivering the type of leading customerexperience (CX) that today’s shoppers expect is clear. Consequently, it presents a great opportunity for companies to assess their current order management software, and to determine if it has what it takes to attract and retain customers.
Due to AI tools that make it easier for criminals to synthesize identities from stolen customerdata and manage them, banks and commerce are expected to lose close to $5 billion this year to this type of fraud. Personalizing messaging for synthetic customers is an investment that won’t pay off in terms of lifetime value.
Niche products are goods or services that serve a specific segment of customers. Taking this tack when generating ideas for a product or service is a reliable avenue to kickstart a successful business. Your product or service doesn’t necessarily need to be a huge, complicated endeavor. Taking Matters Into Your Own Hands.
For retailers, this has meant investing in cloud-based technologies and finding new ways to connect with their customers and expand their digital footprint. Today, according to Salesforce’s 2019 State of Service report, 80% of customers now consider their experience with a company to be as important as its products.
Above and beyond these measures, the key to addressing the scale of these problems is having digital systems in place that will alert retailers and spot which SKUs are problematic, and which customers are causing a hit to profits. Data analytics of returns patterns is something Asendia can offer clients through the e-PAQ Returns solution.
The Lightspeed system for eCommerce works alongside the POS solution to help companies easily expand their business operations into the digital world. The user interface is incredibly intuitive and modern, with tons of customization options to choose from. Lightspeed Features for CustomerExperience. Inventory Management.
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