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Tag: payments

Industry’s New Reality: Embracing Contactless Payments, Curbside Pickup

The COVID-19 pandemic has upended the retail industry, compelling businesses to innovate their models for survival. The retail industry, in particular, has adapted quickly to meet the new realities of doing business, with many retailers embracing technology to support such as contactless payments, mobile applications and the popular low-touch alternative, curbside pick-up. Curbside allows brick-and-mortars …

Industry’s New Reality: Embracing Contactless Payments, Curbside PickupRead More

Shopify to offer installment payments through Affirm

Dive Brief: Affirm has partnered with Shopify to facilitate Shop Pay Installments in the U.S., the company announced in a press release. In the next few months, Shopify’s eligible sellers will be able to offer buy now, pay later options to customers if they choose.  Merchants will receive the full purchase price of the product …

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B&Q owner should do decent thing and return its furlough payments | Kingfisher

In retrospect, it was obvious: DIY stores, once they could reopen fully, would enjoy a boom. Office workers stuck at home are more inclined to do their place up, and many will have more time to do fiddly jobs. Even so, sales at Kingfisher, owner of B&Q and Screwfix, aren’t simply strong, but are spectacularly …

B&Q owner should do decent thing and return its furlough payments | KingfisherRead More

Macy’s, Neiman Marcus look to resume exec payments as department store woes continue

Dive Brief: Macy’s has resumed its equity bonuses for top executives after a protracted closure period, emergency financial measures and recently announced corporate staff layoffs. The awards going to more than a dozen executives were worth millions, including more than $3.6 million in company stock to CEO Jeff Gennette at the time of the award. Macy’s …

Macy’s, Neiman Marcus look to resume exec payments as department store woes continueRead More

The State Of Digital Payments Acceptance In US Online Retail

Amazon Pay, Apple Pay, Google Pay; alternative payments are a hot topic. And they are key to seamless checkout experiences, especially while consumers shop on their smartphones. But which options are merchants offering? And which are consumers actually using? Forrester dove into 100 retailer sites to determine the state of alternative-payments acceptance in US online …

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Late payments on GeM will incur interest, Retail News, ET Retail

NEW DELHI: The Centre has approved charging of interest on delayed payments on the government e-marketplace (GeM), a move aimed at promoting greater discipline and timeliness in settling payments to vendors. The Centre has been repeatedly emphasising the need for prompt payment to vendors, particularly those from the MSME sector. The government’s views on the …

Late payments on GeM will incur interest, Retail News, ET RetailRead More

Bipartisan Senate bill would punish retailers for refusing cash payments

Ranking member Sen. Bob Menendez, D-N.J., arrives for the Senate Foreign Relations Committee hearing on Thursday, June 20, 2019. Bill Clark | CQ Roll Call | Getty Images Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill prohibiting retailers from declining cash payments from customers, as businesses promote “contactless” digital payment as they …

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42 pc Indians have increased use of digital payments in lockdown: Report

The nationwide lockdown has benefited digital payment platforms as 42 percent Indians have increased the use of digital means for payments in the last three weeks, a report said. As per a PTI report, buying essentials and mobile recharges are top use cases for digital payments, according to a survey of 42,000 respondents done by consultancy …

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Retail, hotel borrowers skip mortgage payments: Trepp

The coronavirus outbreak is already causing a spike in commercial mortgage delinquencies in the hotel and retail sectors, a new analysis finds.  The data speaks to a bigger fear haunting the commercial real estate industry: That Covid-19 could spark an even bigger mortgage crisis than the one in 2008, which devastated American homeowners.  Commercial mortgage-backed …

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Nuggets Digital ID and Payments co-founder named Entrepreneur of the Year at Booking.comTechnology Playmaker Awards

Booking.com has named Seema Khinda Johnson, co-founder of blockchain-powered payments and ID platform Nuggets, as Entrepreneur of the Year in its annual Booking.com Technology Playmaker Awards. Now in its third year, the Booking.com Technology Playmaker Awards recognise women across the global technology scene who are trailblazing new paths, creating innovative products and experiences and positively impacting communities by inspiring future generations. …

Nuggets Digital ID and Payments co-founder named Entrepreneur of the Year at Booking.comTechnology Playmaker AwardsRead More