PXP Tackles Cart Abandonment With ‘Checkout Components’

Payment platform PXP has introduced a solution aimed at addressing the issue of cart abandonment. Checkout Components, announced Monday (Sept. 15), is designed to give businesses control over how payments are presented, processed and...

Can Algorithmic Pricing Disclosures Build Consumer Trust?

Starting this summer, New Yorkers shopping online or booking rides might spot a new warning tucked beside the price: “This price was set by an algorithm using your personal data.” The requirement, effective July 8 under New York’s sweeping...

One-Click Convenience Drives Australia’s Mobile Shopping

Australia, while a burgeoning mobile-first market, presents a paradox for financial institutions, FinTech innovators and payment providers. In the Land Down Under, there’s a population eager for digital convenience, particularly one-click...

Companies Bet Customer Service AI Pays

Klarna’s $15 billion IPO was more than a financial milestone. It spotlighted how the Swedish buy-now-pay-later (BNPL) firm is grappling with artificial intelligence (AI) at the heart of its operations. Back in 2023, Chief Executive Sebastian...

Sam’s Club Rolls Out AI for Managers

Sam’s Club is moving artificial intelligence out of the back office and onto the sales floor. The Walmart-owned retailer is giving frontline managers enterprise-grade AI tools to help them make decisions faster and free them from repetitive...
Instant Checkout Satisfies Consumer Demand

Instant Checkout Satisfies Consumer Demand

Though it’s still a work in progress, instant checkout’s appeal is undeniable. Emily Foshee, vice president of core products at Discover® Global Network, said unattended checkout is gaining steam in brick-and-mortar settings and will gain speed, so to speak,...

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One-click checkout increases spending and engagement

One-click checkout increases spending and engagement

Newswise — You’d probably guess that simplifying the checkout process at an online retailer will lead customers to buy more. The question is: How much more? New Cornell research shows that after signing up for an online retailer’s “one-click” checkout service,...

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Battle over expected Durbin bill ensues

Battle over expected Durbin bill ensues

The National Association of Federally-Insured Credit Unions took a shot at legislation expected to impose new restrictions on credit card transaction processing before it’s even been introduced. The association, which represents not-for-profit credit unions...

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