Payment Options

Before the pandemic took hold in 2020, the unattended retail industry sat at a tipping point. A once cash-based industry that started in vending, the shift toward autonomous retail had been driven by widescale acceptance of cards and mobile wallet payments, not to mention by consumer expectations for digital payment solutions. This, in turn, enabled…

Walmart and its big-box warehouse subsidiary Sam’s Club are suing rival retailer BJ’s Wholesale Club, accusing BJ's of stealing technology that powers a popular self-checkout option in the Sam’s Club mobile app. The lawsuit, filed in federal court this week, claims Walmart worked for years to develop Scan & Go, a feature that lets Sam’s Club…

Buy now, pay later (BNPL), a modern answer to retail layaway, is having a moment as a key payment option for online shoppers. It’s simultaneously soaring in popularity and finding that celebrity inevitably attracts those who would like to take advantage. BNPL, which allows shoppers to get their goods today while paying in installments, now…

The continued growth of e-commerce worldwide, accelerated by the pandemic, has created a tug-of-war between supply and demand. Product shortages and delivery delays are a new reality, with supply chain disruptions costing organizations worldwide an average of $184 million per year. Online merchants in the middle of this tug-of-war struggle to control factors beyond their…

If you’ve seen the headlines recently, it’s clear that 2022 is likely to be another exceptional year for cryptocurrency — i.e., decentralized digital money. The entire cryptocurrency market skyrocketed from $100 billion at the beginning of 2020 to $3 trillion in 2021. In-store and online capabilities will allow consumers to seamlessly transform value between the…

The e-commerce sector is booming, with more than 2.1 billion global consumers now shopping online. And, in even better news for online retailers, a growing number of those transactions are cross-border payments, making for a market worth $1 trillion. As merchants step onto the global stage, there are a wealth of opportunities to be had, offering…

The mobile age has streamlined our daily lives. It’s to the point where waiting in lines, dealing with people, or even leaving the house feels like a hassle when you can just push buttons on your phone to accomplish what you need. Thanks to our smartphones, we’ve reduced the ability to shop, pay, travel and…

The global pandemic dramatically altered the retail landscape. As consumers adapted to working from home and learned to socially distance themselves, retailers quickly pivoted to creating engaging omnichannel experiences via new digital payment options. Retailers implemented new strategies that simplified the purchase process, which helped create more engaging customer experiences. Whether it's utilizing new digital…

Last year was full of innovations and transformations in the payments industry. In fact, more than four out of five Americans used some form of digital payment in 2021. This shift in digital adoption was accelerated by COVID-19, but with the impact of the pandemic continuing to shape how consumers shop and pay, retailers must also continue…

The buy now, pay later (BNPL) market continues to grow. According to a recent report, the market is expected to rise by 1,200 percent in the U.S. by 2024. Most online merchants such as Amazon.com, Airbnb, and Instacart already accepted BNPL as a form of payment, including leading options Afterpay, Klarna, and Affirm, however, additional…