By Jeff Domansky, Managing Editor Visa and Mastercard reached a landmark antitrust settlement with US merchants, ending a protracted legal battle. The agreement aims to cap credit card fees for five years for retailers, potentially saving American merchants tens of billions of dollars. Various merchant ...
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Retail
Retail
By Jeff Domansky With Black Friday imminent, we’ve got a rundown of predictions for the 2023 holiday shopping season kickoff from US retail analysts and research groups. Overall, projections are encouraging, with new record-level sales up from 2% to 4% over last year. National Retail ...
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Flexibility, customer service are the keys to thriving in 2023 By David Sharp, President, PaySimple Once the domain of large online retailers like Amazon and eBay, digital payments have reached a tipping point for small businesses, including brick-and-mortar stores. Craving the security and convenience they ...
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By Jeff Domansky While Amazon and Visa settled a simmering dispute over credit card processing fees, US merchants have ramped up a campaign to convince legislators to examine the impact of credit card processing fees on small businesses. In November 2021, Amazon had announced plans ...
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By Jeff Domansky, May 21, 2021 Frustrated with 15 months of pandemic restrictions, work-from-home mandates, and longing to shop in-store once again, consumers appear ready to reopen their purses and wallets with a vengeance. Earlier this spring, Bloomberg Economics estimated Americans have a stockpile of ...
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May 19: Global payment news roundup: Laybuy, Adyen, Wise, Billtrust, Masrvi, Target, Best Buy, more…
Tie your runners and get ready to ramble. Here’s the weekly roundup of global payments news, developments, and innovations to keep you current. Consumer buying behaviors that will shape the future of retailAt the Consumer Electronics Show 2021, Best Buy CEO Corie Barry summed up ...
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By Jeff Domansky, May 18, 2021 At the Consumer Electronics Show 2021, Best Buy CEO Corie Barry summed up the future of retail succinctly: “There isn’t a world where people revert back to their 2019 behaviors, and part of that is just a comfort level,” ...
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By Jeff Domansky, March 30, 2021 Nine thousand new bank branches will open soon in the form of US in-store and online financial services courtesy of Walgreens. The US drugstore chain announced that pharmacy customers will soon be able to open a Walgreens bank account ...
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By Jeff Domansky, Feb 19, 2021 With all the challenges ahead for surviving retailers, none is more important than responding to new consumer shopping habits and payment preferences. New research from Retail Consulting Partners (RCP) shows the retail store will still be a hub for ...
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By Jeff Domansky, Jan 18, 2021 The National Retail Federation (NRF) said holiday retail sales in the US were 8.3% higher during the Nov-Dec 2020 shopping season than last year, despite the lingering impact of the coronavirus pandemic. Sales reached $789.4 billion, surprising the NRF ...
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