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Read More »Retailer Groups Voice Ill. Interchange Law Support; The Real-Time Payments Countdown; Plus Weekly Recap
Illinois’s Interchange Lawsuit Wins National Prominence As More Retail Organizations Voice Support
The national legal battle over an Illinois interchange law continues to broaden in scope. Several national organizations representing merchants are expected to file amicus briefs with the United States District Court for the Northern District of Illinois Friday in support of the Illinois Interchange Fee Prohibition Act. The briefs are …
Read More »Most Consumers Use a Tech-Based Mobile Wallet as Retailer Ones Lag
Mobile wallets vie for consumer attention, but tech-based ones are most favored as 54% of credit cardholders use one of the big three—Apple Pay, Google Wallet, or Samsung Pay—finds new research from Auriemma Group. Tracked by the New York City-based advisory firm since 2016 in its Mobile Pay Tracker, mobile …
Read More »Why Dynamic Routing Has Become Essential for Online Retailing
Payment processing is vital to online retailers’ operations. A quick and easy checkout experience can be the difference between a completed sale and an abandoned shopping cart. That’s why, with its ability to optimize transaction paths in real time and provide a multitude of benefits, dynamic payment orchestration is critical …
Read More »Eye on E-Commerce: U.S. Online Retail to Top $1.2 Trillion; Shopify Enlists Red Van
U.S. online retail sales will continue their steady growth and continue to snare more overall retails sales, suggests the “2024 Online Retail Report” from FTI Consulting Inc. The research forecasts $1.2 trillion in U.S. e-commerce sales this year, up 9.1% from 2023’s $1.1 trillion. That forecast comes as online sales …
Read More »Is it Time for Pay-By-Bank at Retail?
Consumers and merchants may be primed for it. New technology, consumer affinity for digital payments, and the allure of cheaper payment processing may be setting the stage for broader use of pay by bank in the United States. Paying by a bank account is not unfamiliar to most consumers. Already, …
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