As consumers continue to return to the aisles en masse, retailers are seeking new ways to keep them coming back, even when online and mobile options beckon. One method of keeping consumers happy to be in a physical store is making in-store shopping more like the...
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The practice of swiping could soon be limited to thieves and online daters as Mastercard Inc. prepares a phaseout of the magnetic stripes that enable people to swipe their credit and debit cards. Though magnetic stripes have been a fixture of payment cards for decades, the...
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FiNet is proud to be a strategic event sponsor of the annual convention for the Community Bankers Association of Ohio, taking place in Columbus, Ohio. Now in its 47th year, the annual CBAO convention is a cornerstone for community banking in Ohio. The convention features education...
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About 2.8 billion mobile wallets were in use worldwide at the end of 2020, and the number is expected to jump 74% to 4.8 billion within five years, according to a recent forecast from global mobile-payment network provider Boku in conjunction with Juniper Research. While mobile-wallet...
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At the beginning of the COVID-19 lockdowns in early 2020, massive declines in spending were pervasive. Credit card spending in the travel and entertainment categories declined as much as 73% from the first week of March to the first week in April 2020. However, as the...
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Last year will go down in history for many things, but in retail circles, it will be remembered as the year that comps went out the window. So extraordinary were the impacts of 2020 COVID lockdowns that it has rendered traditional year-on-year sales comparisons meaningless...
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When was the last time you paid cash for something? Personally, it’s rare for me to even carry it these days. And with the rise of new mobile and digital payment options like Apple Pay, Samsung Pay, PayPal and Google Wallet, cash payments are only going...
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The financial services industry is in the midst of a significant transformation, accelerated by the COVID-19 pandemic. And given the key role digitization plays in the financial lives of more and more of the world’s population, electronic payments are at the epicentre of this transformation. Payments are...
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Nearly 70 percent of merchants said chargeback rates rose during the pandemic, according to a new report. The Chargeback Field Report, commissioned by Chargebacks911 and conducted by Censuswide, also found that among merchants who reported a change in chargeback issuances during the pandemic, the average...
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Last year was pivotal in the payments industry when the COVID-19 pandemic forced many businesses to rethink their business strategies and adopt new revenue streams. Despite its many downsides, the pandemic has proven the necessity for small companies to re-align their payment processes. Of the many options small...
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