The ecommerce industry has been growing rapidly over the past few years. As the industry grows, new ecommerce trends start emerging. Statista predicts that global retail ecommerce revenue will amount to $4.88 trillion by 2021. Steady growth translates into more competition. If you own an ecommerce business this means staying on your toes and keeping up with...
This holiday season is an ideal time to collect intelligence about your new and existing customers so you can improve customer experience. There’s more people shopping in stores and online right now than the rest of the year. If you want to boost your customer experience, then here are some methods you should consider for 2019....
Thanks to smartphones, humans have shorter attention spans than goldfish. All the new retail technology coming out will hopefully help combat this issue. According to a study by Microsoft, the average human being has an attention span of eight seconds. This is a sharp decrease from the average attention span of 12 seconds in the year 2000....
There may be no field as trend-driven as cybersecurity. This is because cybersecurity is largely a responsive concept rather than a proactive one. Simply put, we don’t know what the threats are until they make themselves known. Someone has to be attacked before we know how to fend off these attacks. It’s just like your...
If you want the long and short of it: All the new Mastercard rules really do is ensure transparency in offerings like free trials. For merchants whose business practices are one hundred percent transparent and up-front, the changes probably aren’t going to affect your business at all. But there is a tendency for merchants to...
In the retail business, for more companies than not, the holiday season is a very busy time of year. The period stretching from Thanksgiving to Christmas accounts for about eleven percent of the average retailer’s annual earnings, while making up less than eleven percent of that retailer’s business hours for the year. And that eleven...
The point of sale eco-system is a strange beast. There is constant innovation. Every day they are developing new ways to pay, and every day, the rollout is encumbered by any number of things. It could be legislation and regulation that wasn’t ready to adapt to this new technology and it needs to be corrected...
Limited Acceptance: managing debit-only card acceptance for businesses with specific compliance restrictions. Certain industries, such as collection agencies, consumer lending, auto finance, and others, are subject to accept debit cards only. For debit-related payments, the card brands mandate the debt to be paid without accruing more debt, such as using a credit card. Limited Acceptance...
Visa’s Debt Repayment Program allows qualified lenders to benefit from lower interchange. We don’t really think of credit cards as a lending program, but that’s what a credit card is. You buy something by taking a little money from a third party, and then a month later, you pay it back with interest. That’s...
What is a credit card company but a lender? We don’t really think of them that way, we think of a credit card account as something like a debit account, just one that we pay later, after we’ve made our purchases. Or like delayed spending, we pay an extra little fee so that we don’t...
