3 Issues Customers Face at Retail Checkout and How to Solve Them

When a customer walks into a retail environment, they are looking for a fast, easy and secure experience. But the reality is quite different. Even though merchants put in their best efforts to provide an easy and seamless checkout, industry reports point out that the in-store experience isn’t always up to snuff. According to a recent report from Hanover Research - Emerging Trends at the Point of Sale, even though customers may experience technological challenges at checkout, retailers need to invest time in educating them on the multiple payment options available. Typical customers might want to pay with a preferred method, but if they are not aware of whether the merchant accepts that or not, it may cause some friction at checkout and eventually lead to a negative experience.

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Retail Round-Up: Digital Transformation of Retail

While many technology trends we see in the retail space have been available to the merchants for a few years, the COVID-19 pandemic has accelerated their adoption. Whether it’s contactless payments or mobility solutions, merchants are mobilizing these technologies to provide customers with a convenient and safe way to shop.

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Grocery Round-Up: From Delivery to Smart Shopping Carts

While most retail industry players faced business challenges as COVID19 surged in the U.S., grocers experienced growth. These stores followed guidelines around social distancing, store capacity and even added contactless payments and curbside pick-up options available in many instances for safe shopping.

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How Gen Z Consumer Trends Are Impacting Payments

Generation Z, people born from the mid-1990s to early 2000s, is emerging as the next consumer force. The oldest of the 68 million Americans who are part of Gen Z are now completing their education, entering the workforce, and building wealth. Gen Z’s estimated spending power in the U.S. is as much as $143 billion, with indirect spending power of $600 billion. Just as when millennials became a predominant consumer force and ignited changes throughout the industry, ISVs and VARs will see changes triggered by the rise of Gen Z.

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Retail Round-Up: How Are Retail Stores Fairing During These Unprecedented Times

As the COVID-19 pandemic progresses in the US, every industry has seen different outcomes. With many states now reopening businesses, strict social distancing guidelines are being recommended. While transportation, hotel and lodging have seen very little traffic, restaurants in a lot of states are still only allowed to offer takeout or delivery. The retail industry has also seen its share of unpredictable outcomes from grocery stores being open with strict guidelines to online sales for many retail brands going through the roof.

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