With over $14 billion spent in the U.S. alone this past Black Friday and Cyber Monday (BFCM), it’s clear that the exponential year-by-year growth of these big spending days isn’t slowing down any time soon. But while profit margins are certainly exciting for merchants, what’s perhaps an even more amazing outcome of these two days (or more accurately, a week) is the data it reveals in terms of customer spending habits. This past Black Friday and Cyber Monday demonstrated several big trends that all fall neatly under the umbrella of omnichannel retail (a model of retail that integrates different shopping channels, i.e. in-store, online, via phone, etc.).
Fidelity Payment Services is excited to be attending Kosherfest, the world’s largest and most attended kosher-certified products trade show, this coming November 13th and 14th. Year after year, Fidelity eagerly awaits this amazing opportunity to connect with our many existing clients in the kosher food industry and to make even more connections.
Although 3D Secure technology has been around since 1999, it has struggled to pick up steam with card-not-present merchants, especially in the U.S. But with the launch last year of 3D Secure 2.0 and the merchant liability shift for this newer version set for April of 2019, this is all about to change. Not only does 3D Secure 2.0 take into account the latest payment platforms (like mobile apps) and reduce friction at checkout, it will also provide merchants with even more chargeback protection once the liability shift goes into effect. Keep reading to learn more about 3D Secure 2.0 and how it will be of benefit for merchants.
When trying to grow revenue, merchants frequently opt to invest in marketing campaigns. Yet while marketing efforts are likely to have a positive effect on sales volumes, they’re not guaranteed to change the amount that customers are actually spending per purchase. If your goal is to drive sales growth rapidly with minimal overhead costs, then implementing tactics to grow your average sale price is a great first step to take! Here’s how you can get started:
Clover’s line of smart terminals are a favorite with merchants in every industry- and for good reason. The secure, wireless devices accept a wide variety of payment types- including EMV chip-card, EBT, and mobile payments like Apple Pay and Google Pay- and they can be customized to function as full-service point-of-sale systems with features for email marketing, employee management, inventory tracking, and much more. Plus, with advanced P2PE-certified encryption technology, merchants can speed up the PCI compliance process.
While some businesses thrive in the summer- think ice cream shops or al fresco cafes- others may have a hard time getting customers out of the sunshine and into their doors. If your business is going through a summer slump (we hope not!) here are 5 ways you can bring the heat inside.
Not only does having a positive attitude improve your health, but it also boosts your productivity and helps you to succeed. And if you’re a business owner, cultivating a mindset that keeps you motivated when times are tough is essential. Obstacles are inevitable for entrepreneurs, and staying strong rather than falling into a spiral of despair makes all the difference for your business’ bottom line (not to mention your overall wellbeing). Here are 7 ways you can easily incorporate positivity into your work life:
As of May 25th, the European Union’s General Data Protection Regulation (GDPR) went into effect in order to grant EU citizens a level of control over the collection of their personal data, and to improve transparency between businesses and consumers. This overhaul has tremendous ramifications for merchants who service European customers (including e-commerce merchants), since it affects how businesses collect and manage data of EU citizens.
With summer on its way, you’re probably dreaming of a day at the beach or planning your next vacation. But, don’t forget about a very important deadline coming up: starting on June 30th, merchants will need to be fully migrated to Transport Layer Security (TLS) version 1.1 or higher, in accordance with the Payment Card Industry’s (PCI) standards. Here’s what you need to know.