Payment Options

Financial information about customers has typically been stored by banks in their own closed systems. With open banking, however, banks and third-party service providers can exchange financial data through application programming interfaces (APIs). Open banking gives consumers the power to control what information can and cannot be shared with apps and third parties. Despite having…

After several years of altered consumer behavior and often-conflicting news about the economy throughout 2023, retailers have sometimes found it challenging to understand what’s normal customer behavior now. Regardless of the trends and pre-holiday forecasts, assessing how your store actually performed is the key to preparing for a stronger holiday season performance in 2024 —…

Defined by rising prices and growing inflation, the last two years have been full of financial challenges for consumers. While all age groups have felt the pain, Gen Zers have faced particularly difficult headwinds. Research indicates that three-quarters of this generation — those born between 1996 and 2012 — have had to adopt new spending…

With the holiday season in the rear-view mirror, shoppers may be looking for a break. However, retailers are primed to use this time to begin implementing a busy 2024 road map. Retail industry leaders are exploring ways to navigate the ripple effects of inflation and to integrate data-driven insights into digital transformation strategies. When previewing…

Consumers are cautious about holiday spending this year. Inflation and ongoing uncertainty about the economy are influencing consumer spending, even at the busiest retail time of the year. Consumers are shopping earlier, taking the time to research the best deals on the items they want, and looking for ways to stretch their budgets further. Retailers…

As the holiday season approaches, retailers are gearing up for one of the busiest and most pivotal periods of the year. Paysafe’s newest study sheds light on the evolving landscape of consumer behavior, emphasizing the critical role that payment methods and seamless checkout experiences play in driving sales growth for online merchants of all sizes.…

With the 2023 holiday season upon us, the predictions for how the season will shape up are a bit of a mixed bag. Adobe predicts online shopping will increase by almost 5 percent between Nov. 1 and Dec. 31. Yet other indicators have signaled a decline in consumer confidence. The reality of the new economy…

Gen Z and millennials are known disrupters — and the retail landscape is their latest target. Specifically, their payment choices signify a shifting consumer spending landscape this holiday season. While the economic projected outlook is tentatively positive — despite inflation stubbornly persisting and an increasingly volatile economic landscape — Adobe expects U.S. online holiday sales to hit…

Amazon.com is partnering with the buy now, pay later (BNPL) service Affirm to offer small business owners an alternative checkout option, CNBC first reported Thursday. While Amazon already offers customers the option to pay with Affirm if they have at least $50 worth of eligible items in their shopping cart, this expanded relationship with the…

In episode 424 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Darren Abbott, chief creative officer and senior vice president of global product development and innovation at Hallmark, a heritage American, family-owned greeting cards company operating a diversified portfolio of businesses. Listen in as Abbott discusses the launch of Hallmark + Venmo Cards (0:50), why the two…