Consumer Financing Options Help SMBs Compete

  The ability for small to mid-sized businesses to offer financing to its customers can’t be understated. With impressive percentages like the 77% of consumers saying the availability of financing drove their choice of retailer. That means while visiting a merchant’s shop, on-the-spot decisions are being made based on financing options. And then there’s the topic of spending totals — […]

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The Case Of The Vanishing Department Stores

  After a seemingly busy shopping season, a couple of large retailers have decided to shut down a number of their stores, citing disappointing holiday sales as one of the biggest reasons. Macy’s and Sears announced shortly after the new year that they would be downsizing. Both stores are facing an unfortunate reality: the health of the retail industry and […]

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False Declines Hurt Card Issuers, Too

  In 2015, an estimated $40 billion in total was lost globally due to fraud. Of that, $18 billion were losses associated with false declines, as Card Not Present reported a couple of days ago. Perhaps even more interesting was the fact that it was a 29% increase from the year before. As National Merchants reported in a December 2016 […]

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Survey: Consumers Dictating Payment Methods For Merchants

  “Cash, check or charge.” It used to be that the owner of an establishment was the one who decided how their goods or services would be paid for during a transaction. Their word was final and it was based on which method the merchant was most comfortable with. According to a recent survey by ControlScan and the Electronic Transactions […]

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Samsung Pay Making Its Mark

  Nearly a year after the launch of Apple Pay, Samsung unveiled Samsung Pay, their mobile payment solution. That was in 2015. How is Samsung Pay faring so far in 2017 and what does the future hold, anyway? According to an announcement made by Nana Murugesan, Samsung America’s Vice President and General Manager of Services and New Business at CES […]

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Mobile Point Of Sale Systems Served Up In Restaurants

  Small business owners typically open their shops and stores because they’re passionate about what they do and want to do it better than anyone else. The only problem is that sometimes they don’t have the knowledge, know-how, or time to stay on top of technological advancements to improve their business processes. Restaurant owners are no different and they also […]

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Diminishing Returns? Not Really When It Comes To Online Holiday Orders

  Now that the busy holiday shopping season is officially over, ecommerce retailers can relax, right? Not so fast. As a record number of purchases were made online this past holiday, likewise, post-holiday returns are expected to reach unprecedented levels. Shipping carrier giant, United Parcel Service Inc. (UPS), is gearing up for an influx of after-holiday returns and as ecommerce […]

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Payment Industry Predictions for 2017

  Now that 2016 is in the rearview mirror, it’s time to take a look at 2017. What does the future hold for the payments industry? CardNotPresent.com asked several merchants and service providers in the card not present (CNP) space to examine the current environment and comment on what they think is likely to happen in 2017. On most minds […]

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The State of Cross-Border Commerce

  As first noted on PYMNTS.com, the recent Q4 X-Border Payments Optimization Index showed that in 2016, American merchants beat the rest of the world once again. Reporting a high score of 67.8. U.S. merchants came in first with China (66) and the U.K. (65) rounding out the top three. The global average was 58. According to the study, in-depth […]

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