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Search Results for: online sales

Eye on Block: Citcon Adds Cash App Pay and Afterpay; Square’s New Sales Features Target Holiday Shopping

Citcon USA LLC, an e-commerce wallet-technology provider, is adding Block Inc.’s Cash App Pay and Afterpay buy now, pay later payment methods to its inventory of merchant options. In related news, Block’s Square point-of-sale unit is bolstering merchant selling tools with new online features. Citcon’s integration of Cash App Pay, …

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Square Teams Up With Jane To Bring Online Payments to Canadian Cannabis Merchants

Square, Block Inc.’s merchant-processing unit, announced Wednesday it has partnered with e-commerce technology provider Jane Technologies Inc. to process online payments for cannabis dispensaries in Canada serviced by Jane. Square will initially begin processing for dispensaries in Ontario, Canada, through its Early Access Program. That will allow dispensaries in the …

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Mastercard Is ‘Ready To Compete’ for Online Debit Volume, Says CEO Miebach

With payments-industry competition rapidly getting more intense, long-established players such as Mastercard Inc. could lose out if they don’t change with the times. But Mastercard’s chief executive signaled Thursday that change is just what his company is doing. “We stand ready to compete,” declared Michael Miebach during Mastercard’s second-quarter earnings …

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Eye on E-Commerce: Online Prices Fall to a New Low; Stripe Joins the MACH Alliance

The leveling off of e-commerce activity continues as online prices, as measured by the Adobe Digital Price Index, fell 2.3% in May from a year ago. This is the ninth consecutive year-over-year decrease in online prices, Adobe Inc. says. Of the 18 categories tracked by Adobe, prices fell in 11 …

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Getting Online Checkout Right

Online sellers are starting to take a closer look at their checkouts. No wonder. The technology plays a key role in whether they can tap into the boom in e-commerce. Checkout is the point at which the consumer either completes her purchase or doesn’t. A checkout process that is slow …

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Lured By Deep Discounts, Online Shoppers Set a Spending Record for the 2022 Holiday Shopping Season

E-commerce sales in the United States during the recently completed holiday shopping season—Nov. 1 through Dec. 31— totaled $211.7 billion, a 3.5% increase from the same period a year ago, according to Adobe Inc. The total set a record for holiday-season e-commerce sales, while the year-over-year increase was larger than …

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U.S. Holidays Sales Soar 7.6% And Other Digital Transactions News briefs from 12/27/22

U.S. retail sales in the Nov. 1 to Dec. 24 period, excluding automotive, grew 7.6% compared to the same time in 2021, according to Mastercard Inc.’s SpendingPulse, which tracks in-store and online sales. E-commerce sales alone were up 10.6%. The calculation took account of all forms of payment but was not …

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Eye on E-Commerce: No Holiday From Online Fraud; Big Gains for BigCommerce Sellers

As e-commerce volume soars during the holiday season, so does the risk of fraud. Between Thanksgiving Day and Cyber Monday, the Monday after Thanksgiving, 18% of e-commerce transactions originating in the United States were identified as potentially fraudulent, according to a report from TransUnion LLC. On a global basis, 15% …

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Deep Discounts Helped Drive Strong Cyber Monday Sales

Consumer spending on Cyber Monday met expectations, with consumers spending $11.3 billion, up 5.8% from a year earlier, according to the latest Adobe Analytics figures. The spending spree was so strong that during the peak shopping hours of 8:00 a.m. to 9:00 p.m. Pacific Standard Time, consumers spent $12.8 million …

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Clunky Checkouts Are Hampering Sales for Small Sellers, a Paysafe Report Finds

The surge in online shopping touched off by the pandemic has turned out to be something of a mixed blessing for smaller merchants. While it brought in a wave of new shoppers, it has also exposed a rising problem with glitchy checkouts at times of high demand, according to a …

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Digital Transactions