PYMNTS

DECEMBER 30, 2020

billion gifts this season, nearly one billion products were sold by third-party sellers. Now those sellers have to play on the same returns field as their bigger competitors, as returns season follows what was a watershed event for Amazon and its sellers. Most of the return policies for those sellers are similar to Amazon’s.

Returns 100

Returns Credit Cards NOV Addressing 100

PYMNTS

DECEMBER 29, 2020

Returns made through Returnly ’s system increased by over three times on Saturday (Dec. 26) in contrast to an average return day in the United States, according to a Tuesday (Dec. Returnly also noted that the return journey begins on Dec. It took shoppers nearly seven days to send back returns in January of 2020.

Returns 56

Returns Volume Posting Product 56

PYMNTS

SEPTEMBER 27, 2020

But just because everyone is feeling pretty ready for a return to normal isn’t the same as saying that will happen any time soon. consumers and small- to medium-sized business owners about how long they anticipate the pandemic will last and almost no one expects it to be done before the ball drops on 2021. Only about 6 percent of U.S.

Returns 81

Returns Consumer Government Governance 81

PYMNTS

JANUARY 11, 2021

While early to mid-January is always the return season, this year has long been forecast to be a spot more active than its predecessors given the volume of gifts bought online during the 2020 holiday rush. Everyone Makes Mistakes — Why Returns Surged. Mistakes lead the field when it comes to generating returns.

Returns 69

Returns Consumer Volume Process 69

Clearly Payments

JULY 26, 2024

Consumer payment data has become a valuable asset for businesses. Consumer data, primarily gathered from credit card transactions, offers information that can help businesses enhance their operations, understand customer behavior, and ultimately increase their profitability. and whether it was a debit or credit transaction.

Payments Data 52

Payments Data Consumer Fraud Detection Credit Cards 52

Fintech Finance

OCTOBER 16, 2024

Currys , the UK retailer that helps everyone enjoy amazing technology, has unveiled a revamped credit product to allow its customers to pay for tech at their pace. They are also 20% more likely to purchase complete solutions and linked products, and over twice as likely to return and shop again at Currys within 12 months.

Product 95

Product Finance Technology Credit Cards 95

PYMNTS

MAY 21, 2020

But as anyone that has tried to catch up with the suddenly online consumer will attest, what goes out must sometimes come back. The issue at hand is returns. As digital revenue goes up, so do the costs of shipping and returns. But returns can be managed, and Narvar aims to help. The first was from retail clients.

Returns 89

Returns Adjustments Consumer Posting 89

PYMNTS

MAY 5, 2020

In the best of times, returns are the bane of eCommerce existence. In these worst of times, they’re even more complicated as return policies are all over the map due to the COVID-19 crisis and consumers who have amped up their eCommerce spending. And there will be a shift to seeing returns as a responsive, customer service tool.

Returns 74

Returns CRM Volume Authorization 74

Finovate

FEBRUARY 22, 2024

Anette Broløs – Director and Founder, Finthropology Anette will be a part of our Wednesday afternoon Power Panel: From Open Banking To Open Finance & Beyond – How Can Banks Seize The Opportunity To Generate Returns? Photo by Donald Tong The post Live from London: Finovate TV Returns to FinovateEurope!

Returns 69

Returns AI Embedded Finance Finance 69

PYMNTS

JANUARY 24, 2019

24) — you could be on your way to owning a pallet’s worth of mostly overstocked items , products that included a mystery collection of grocery and drugstore items, a “truckload” of apparel and accessories, the total of which retail for $620,611. More Returns. For at least $8,913 — that was the high bid as of Thursday afternoon (Jan.

Returns 51

Returns Consumer Request for Comment On-Demand 51

PYMNTS

FEBRUARY 3, 2020

Free returns have become something of a standard offering for eCommerce consumers. A solid strategy, if it weren’t for one particular issue that most eCommerce consumers have experienced. Free returns aren’t exactly free – especially when counting time as a commodity of value.

Returns 52

Returns Consumer Facilitators Business Day 52

PYMNTS

MARCH 20, 2018

In an effort to help high-volume eCommerce retailers and merchants improve their customer experiences, FedEx has unveiled a new returns management product. Trade publication Logistics Management reported that the offering, called FedEx Returns Technology, helps ease the return logistics process for large businesses.

Returns 43

Returns Volume Product Consulting 43

PYMNTS

DECEMBER 28, 2020

The dreaded returns season has hit retail with a predictable but painful thud. In fact, forward-thinking retailers are looking at the return process as a chance to create a positive customer experience. In fact, forward-thinking retailers are looking at the return process as a chance to create a positive customer experience.

Returns 86

Returns Audit Best Practices Consumer 86

The Fintech Times

SEPTEMBER 10, 2024

Consumer and business credit information provider, CRIF has published new findings revealing how users feel about managing their finances, and the role of financial providers across the US and Europe. Beyond fraud , young UK consumers are also more open to sharing their financial data if it means they can access better products and services.

Service Provider 59

Service Provider Consumer Crime Product 59

PYMNTS

DECEMBER 17, 2018

The holiday season brings in a staggering number of returns for eCommerce sales: According to estimates from CBRE, online returns could reach $37 billion amid the gift-giving season. One factor behind the rise, he believes, is YouTube videos filmed by people who excitedly buy boxes of returned items from liquidation websites.

Returns 67

Returns Product Consumer Risk 67

The Fintech Times

SEPTEMBER 27, 2024

The Financial Conduct Authority (FCA) is consulting on proposals that it hopes will better protect consumers when payments and e-money firms go out of business. Instead, firms must safeguard funds which can mean customers lose money or experience delays to funds being returned if the firm fails.

Consumer Protection 59

Consumer Protection Consumer Consulting Payments 59

Fintech Finance

JUNE 20, 2024

Forter , the Trust Platform for digital commerce, released findings from a national consumer study that found the majority of respondents (61%) have shifted their online shopping habits as a result of higher prices, signalling a need for brands to evolve with their customers. Of those using BNPL, 56% are doing so to help manage their costs.

Consumer 92

Consumer BNPL Research Credit Cards 92

The Fintech Times

MARCH 4, 2024

Available in the Klarna app, the assistant is designed to enhance the shopping and payments experience for Klarna’s 150 million consumers worldwide. It is capable of managing a range of tasks from multilingual customer service to managing refunds and returns, and fostering healthy financial habits.

AI 69

AI Consumer Returns Payment Networks 69

PYMNTS

JANUARY 2, 2020

As online shopping powers a forecasted 26 percent year-over-year volume surge on National Returns Day, the United Parcel Service (UPS) foresees shipping 1.9 million gifts and other products back to U.S. 2 is the day with the most activity for holiday returns in the United States, CNBC reported.

Returns 52

Returns Volume Addressing Product 52

PYMNTS

JANUARY 25, 2021

Although the two sides spent four years negotiating their separation, and then another 12 months transitioning to the changes, it only took a few weeks for consumers and companies to be confronted with the costs and burdens involved in trading over borders that previously did not exist. "I leaving the EU on Jan. If Only It Were That Simple.

Returns 75

Returns Posting Rules Procedures 75

PYMNTS

JANUARY 12, 2021

According to the FCA, investors could lose “all their money” if they invest in crypto products offering high returns, CoinDesk reported. Customers “should be wary if they’re contacted out of the blue, pressured to invest quickly or promised returns that sound too good to be true,” the FCA said, per CoinDesk.

Scams 78

Scams Returns Regulations Bitcoin 78

PYMNTS

MAY 22, 2018

So says Amazon , it seems, when it comes to returning items bought from the site. The premise breaks down to this: Too many returns and you don’t return. That might push against the image of the eCommerce juggernaut as a conduit to returning goods with ease and speed. Or, in simpler language: “That’s enough.”

Returns 44

Returns Push-to-Card Accounts Consulting 44

PYMNTS

DECEMBER 3, 2019

The results of a new survey found that most people – around 77 percent – plan on returning some of their gifts this holiday season, according to reports. About 20 percent of those surveyed said they would probably return upwards of 50 percent of their presents. Retailers need to seize the moment when shoppers return gifts.

Returns 54

Returns Best Practices Product Consumer 54

The Fintech Times

APRIL 22, 2024

The E volving Smartphone Usage and the Growing Threat to Consumers report from UK fintech startup Nuke From Orbit quizzed UK consumers on their smartphone usage. “Criminals are returning to old-school shoulder surfing tactics – that made ATMs a nightmare – to access the phones they then steal to commit secondary crimes.

Identity Theft 59

Identity Theft Consumer Online and Mobile Banking Monetary Loss 59

PYMNTS

JULY 16, 2020

Flipkart has launched a payment method that lets customers pay for a portion of a product upfront and the rest on delivery, Business Standard reported. told sellers that the “Part Payment” option would encourage prepaid transactions and reduce returns and cancellations. This week, Flipkart Group raised $1.2 AIOVA wrote.

Returns 56

Returns Payments Payment Orders Consumer 56

PYMNTS

AUGUST 11, 2020

Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. The product will also, the company said, protect against identity assumption, bot quotes, and “ghost brokering,” which is when fraudsters use fake documents. In a Tuesday (Aug.

Product 93

Product Fraud Prevention Bots AI 93

Fintech Finance

NOVEMBER 19, 2024

According to new research released today, almost half of UK consumers (48%) cite concerns about payment security as a key reason for abandoning their shopping at the online checkout. It presents an unrivalled opportunity for online businesses to showcase their product offerings and encourage purchase.

Payment Security 94

Payment Security Security Payments Returns 94

The Fintech Times

JULY 26, 2024

In the past year, eToro launched its first ISA product through its Canary Wharf-based UK arm of the business, partnering with Moneyfarm. All of this is aligned with the company’s focus on localising its offering to meet UK consumers’ demand.

Consumer 64

Consumer On-Demand Returns Continuity 64

PYMNTS

JUNE 13, 2019

In an effort to regulate eCommerce merchandise returns, a proposal is set to be put forward in Germany that aims to cut back on the quantity of unwanted products that are destroyed. And Haufe noted that rendering a product useless should be “the absolute last option.” You just don’t know what it is yet.”

Returns 49

Returns Product Regulations Consumer 49

PYMNTS

FEBRUARY 22, 2017

In a twist on contemporary retail trends toward online channels, consumers still largely prefer to return in-store. This consumer preference can be a pain point question for digitally native merchants, especially since eCommerce return rates are categorically higher than their brick-and-mortar counterparts. and Houston.

Returns 43

Returns Participant Blocks Consumer 43

PYMNTS

JANUARY 1, 2021

The consumers who shopped for anything from groceries to sporting goods to cars in December of 2019 are completely different from the ones who shop today. Office shifters plan to use digital shopping options more than other consumers after the pandemic has passed,” the report noted. How She Thinks About Vaccines.

Consumer 144

Consumer Debit Card Contactless Payments Research 144

PYMNTS

JUNE 17, 2020

At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. Amadeus B2B Wallet Expands Functionality. Wirecard, Payhawk Eye SMB Expenses. Cardpay Acquired By Infibeam.

Commercial Card 67

Commercial Card Returns Debit Card Reconciliation 67

Fintech Finance

MARCH 20, 2024

Today, Visa released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. These investments, in addition to our ongoing education and top talent, allow us to stay ahead of scams and protect consumers.”

Scams 59

Scams Consumer Ransomware AI 59

PYMNTS

DECEMBER 22, 2020

consumer is still standing — but how they pay has changed with the times, both out of necessity and out of convenience. Part of that shift has been driven by the fact that many businesses do not accept cash, and consumers are opting to eschew bills and coins with public health concerns still top of mind. “I Debit Wins Out.

Consumer 123

Consumer Credit Union BNPL Payment APIs and Integration 123

PYMNTS

SEPTEMBER 1, 2020

Chinese consumers who have the money to spend are doing exactly that on retail splurges — but that hasn't translated evenly across all sectors of the economy, with spending on luxury items up but other more common retail lagging. Bloomberg reported that luxury items like handbags, cosmetics and cars are doing well.

Consumer 63

Consumer Economy On-Demand Returns 63

PYMNTS

FEBRUARY 6, 2019

Some startups are born after an entrepreneur spots a missing niche in the market: ReturnRunners , for instance, was started after its founder saw a need for a service that could help her return unneeded purchases in an age when she could outsource her groceries, dinner or dry cleaning. The Retailer Side of the Equation.

Returns 46

Returns Debit Card Facilitators Consumer 46

PYMNTS

JULY 3, 2018

The rise of eCommerce, and the fierce competition it has produced among merchants, has led to return policies that are liberal, inexpensive and nearly hassle-free for consumers. Those unwanted products, in turn, can create headaches for retailers — and a business opportunity for the so-called secondary market.

Returns 40

Returns On-Demand Product Consumer 40