Payments News

On The Web

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Domains

Why Mobile Payments Don’t Deliver for Merchants

“Mobile payments so far account for a mere 2% or less of U.S. general-purpose card payments, according to some estimates, and that’s no surprise to some executives who believe mobile payments haven’t delivered for many merchants. “I don’t think anyone in the market is solving problems for the retailers,” Laura Townsend, senior vice president of […]
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Users

U.S. Retail Sales Rebounded in October

“Retail sales—a measure of purchases at stores, at restaurants and online— rose a seasonally adjusted 0.3% in October from a month earlier, the Commerce Department said Friday. Economists surveyed by The Wall Street Journal expected a 0.2% increase. The rise in October follows a drop in September, when sales fell 0.3%, the same as previously […]
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Users

Trigo Raises $22 Million to Challenge Amazon Go With Automated Grocery Stores

“The days of supermarket queues are numbered. That’s if Amazon and a slew of well-financed startups’ recent activities are anything to go by. Amazon’s cashierless automated stores are expanding everywhere , while emerging competitors like Standard Cognition and Grabango are raising sizable sums to bring cashierless technology to more supermarkets .”
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Users

Returns Totaled $369 Billion In 2018, But Many Can Be Prevented – Retail TouchPoints

“Returns hit the bottom line in multiple ways: the value of returned merchandise was $369 billion in 2018, and it takes, on average, more than seven people to handle processing a return. Additionally, 80% of first-time customers who return their order will never buy from that retailer again. However, most returns happen due to preventable issues, such as shipping the wrong […]
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On The Wires

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