Insights
Contactless Payment Solutions: Why And How To Adopt Them In A Post-Covid-19 Economy
In the early 2010s, economists and retailers were ready to declare the brick-and-mortar (B&M) economy dead. However, despite the continued growth of e-commerce and online shopping, retail stores continued to survive and even thrive, with B&M stores raking in nearly 85% of all sales during the 2017 holiday season and traditional e-commerce companies, including Warby Parker and Casper,…
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What The Future Of Black Friday Looks Like
Black Friday, the day after Thanksgiving, is renowned for shopping deals and crowds in stores, but in our Covid-riven world, crowds are the thing to avoid. A study from Visa says that only 20% of U.S. consumers plan to do their shopping exclusively in-store, while nearly a third plan to do most of their shopping…
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Payment Gateway vs. Payment Processor
What’s the difference between a payment gateway and a payment processor? If you’re in the market for credit card processing solutions, you might have come across the terms “payment gateway” and “payment processor.” While these are two key, related elements of credit card processing, they are not the same. If you’re unsure of the distinction, you’re…
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A Major Tesla Investor Has Predicted Bitcoin Will Be Worth More Than $1 Trillion In Under 10 Years
Bitcoin has had a strong start to the decade, adding over 40% to its price so far this year—and taking its market capitalization to around $200 billion. The bitcoin price, which began the year at around $7,000 per bitcoin token, has been on a roller coaster through 2020, crashing to under $4,000 in March before rebounding to…
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Consumers Prioritize Spending on Family, Friends Ahead of Holiday Season
WASHINGTON – Purchasing gifts for friends and loved ones is a way for consumers to shift focus from the uncertainty and stress of the pandemic to celebrating the holidays and the promise of our return to a better tomorrow. In total consumers plan to spend $997.79 on gifts, holiday items such as decorations and food, and additional “non-gift”…
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Valentine’s Day: How Much Did People Spend?
How much money does Valentine’s Day cost? Total spending for the holiday is expected to top $18.2 billion, according to the National Retail Federation. That’s an average of $136.57 per person. As you head out to buy candy, cards or flowers today, here’s a closer look at this year’s Valentine’s Day by the numbers. Read More
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Holiday Consumer Trends 2017
The 2017 Holiday Planning Playbook is retail’s guide for understanding the key lessons from the 2016 season and how the consumer’s ever-evolving path to purchase will impact the upcoming holiday season. To help retailers prepare for the 2017 holidays, NRF surveyed over 2,000 holiday shoppers to understand their experiences and behavior during the 2016 season and what…
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