Business

Innovative Hacks to Boost Retail Business Efficiency

Innovative Hacks to Boost Retail Business Efficiency

In the fast-paced world of retail, standing out from the competition and maximizing operational efficiency is more crucial than ever. With the advent of e-commerce reshaping consumer preferences, traditional brick-and-mortar stores face the pressing challenge of adapting to an increasingly digital marketplace. Retailers constantly seek innovative ways to attract and retain customers, enhance the shopping […]

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FedNow Service has 500 Plus Participating Institutions

FedNow Service has 500 Plus Participating Institutions

The convenience that new fintech tools offer is an important factor for user compliance, and that is why consumers in the United States are actively supporting them. To cater to these preferences, innovative payment options like P2P payment apps and autopay have become popular. One such platform, FedNow, was introduced last year with the aim

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Fiserv Launches a Small Business Index

Fiserv Launches a Small Business Index

Fiserv, a company that provides technology for payments and financial services, has introduced the Fiserv Small Business Index. This unique tool evaluates the performance of businesses in the United States based on state and industry factors. Unlike other indexes, this index stands out because it directly uses data from around 2 million businesses in the

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Consumer Financial Protection Bureau To Cut Overdraft Fees To $3

Consumer Financial Protection Bureau To Cut Overdraft Fees To $3

The Consumer Financial Protection Bureau (CFPB) is working on a plan to lower overdraft fees. These are the fees Americans pay when their bank accounts run dry. As a part of the Biden Administration’s fee-reducing efforts, this could save Americans around $3.5 billion yearly. Overdraft fees from banks and credit unions take billions from Americans

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IRS Mileage Rates 2024

IRS Mileage Rates 2024

The year 2024 is upon us and as we drive forward the Internal Revenue Service (IRS) has announced the updated mileage rates for this year. The IRS recently announced the updated mileage rates for 2024 with slight changes compared to last year. Specifically, the mileage rate for business travel has increased by 1.5 cents per

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Salesforce Acquires Spiff

Salesforce Acquires Spiff With Focus To Expand Its SPM Offering

Salesforce, known for its cloud software, is set to buy Spiff, a company specializing in sales commission tools. This move strengthens Salesforce’s sales offerings, giving users a more robust platform. Established in 2017, Spiff has been a game-changer in automating sales commissions. Spiff offers a user-friendly interface that simplifies the process for businesses to set

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CFOs Are Cautious About Real-Time Payments

CFOs Adopt Cautious Strategy for Leveraging Instant Payments

A significant majority of CFOs want to adopt real-time transaction solutions, also known as instant payments, within the next two years. This indicates a substantial increase compared to the adoption rate, which is less than half. As of September 1st, The Clearing House (TCH), the operator of the RTP Network that has been operational since

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Top Fraud Management Trends In 2024

Top Fraud Management Trends In 2024

Payment fraud poses a significant threat across industries, with pharmaceuticals, manufacturing, and finance being particularly susceptible. It is imperative for leaders in information technology and cybersecurity, including managers and team leaders, Heads of the ITs, CISOs, and IT managers, to stay informed about the current market of payment fraud, its associated costs, and the effective

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Holiday Shopping Trends In 2023

Holiday Shopping Trends In 2023 – Impact Of Inflation and Supply Chain Problems

The holiday shopping season for 2023 has officially arrived. Brands and retailers are busy and actively involved in their marketing strategies. They are making sure to have inventory and aligning their resources for a great quarter ahead and a joyous holiday season. Plans are in place for wholesale, dropship, marketplaces, and social initiatives, creating a

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Walmart Curbside - Pickup-And-Delivery-Only Locations To Shut Down

Walmart Curbside – Pickup-And-Delivery-Only Locations To Shut Down

If you have been shopping at Walmart, you must know that the company opened the Walmart curbside pickup-and-delivery services in 2014 with three stores located near Lincolnwood, Louisiana, and Bentonville. It started as an experiment long before the COVID-19 pandemic. The company decided to focus on these experimental stores, as customers liked the idea of

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Fiserv Q3 Results

Fiserv Reports Q3 Results, Revenue up 8% to $4.87 Billion

Fiserv Inc. has released its results for the quarter and the nine months ending on September 30, 2023. The Fiserv Q3 results reports the company’s revenue amounted to $4.87 billion showing substantial growth compared to $4.52 billion in the third quarter last year. The net income was reported as $952 million, which is an increase

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US Fed Proposes Reducing Interchange Fees on Debit Cards

US Fed Proposes Reducing Interchange Fees on Debit Cards

The Federal Reserve is currently working on a plan to lower the fees that merchants have to pay to banks when customers use debit cards for purchases. Currently, merchants are charged 21 cents plus an additional 0.05% of the transaction amount, by card issuers as set by the Fed in 2011. The Fed has not

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