Since EMV’s launch in 2015, online fraud attacks have increased 30%. Retailers have been quick to acknowledge the need for a secure online fraud strategy to protect not only consumers, but also revenue and brand reputation. However, merchants are still losing $2.40 for every dollar of fraud incurred.
Fourth quarter, the holiday rush and Black Friday, there are myriad reasons why this time of the year is the most lucrative and—thereby important—season for businesses everywhere. Yet, as companies scramble to keep up with increased demand, they may also close off anything that could jeopardize their ability to earn as much revenue as possible. This is known as the “IT Freeze”.
Everywhere you look, something new and exciting is changing the way people shop, dine and go out. And payments is a huge part of that, from pay at the table to mobile wallets and beyond.
We’re now past the two-year anniversary of EMV, and there is one clear truth: EMV has significantly cut into card-present fraud. But that doesn’t mean that all fraud is gone yet. And recent trends indicate that one type in particular may be on the rise: friendly fraud.
We’re approaching the end of 2017, and one of the most dominant stories of the year has been what many media outlets call “the retail apocalypse.” What is the retail apocalypse? In short, it’s the idea that retailers can’t compete as online commerce (or, mostly just Amazon) continues to grow.
With the advent of e-commerce, analysts predicted stores would go out of business. More than 20 years later, they still have a place in the retail landscape. And even more so than before.
For brands, adapting their store technology to regulations in the countries where they're active is a vital condition to succeeding. It’s also a great opportunity to get a head start.
Gone are the days of analog commerce. Today, it’s all about unified commerce and the convergence of sales channels (multichannel, crosschannel, omnichannel…). In this new model, the point of sale and the people play central roles!
The weather outside is frightful, and with the cold comes preparations for the holiday rush. That’s because the majority of US retailers say they get 20% or more of their annual sales during the winter holiday season. During the upcoming frenzy of gift giving, the value of a gift card program cannot be overstated.
John Rich, of the country duo Big & Rich, opened Redneck Riviera, a country bar located in the Grand Bazaar Shops at Bally’s directly above Wahlburgers in Las Vegas, Nevada in 2016. Redneck Riviera also features an additional bar uniquely dedicated to veterans. It is staffed by veterans and veterans get their first drink for free.
|
|
|
|
|
|
|
|
|