customer returns a blouse

Improving the Holiday Returns Process With Transaction-Based Payments Tokenization

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According to the National Retail Federation (NRF), consumers returned an estimated $428 billion in merchandise to retailers in 2020, approximately 10.6% of total U.S. retail sales in 2020. Following the 2021 holiday season, UPS says it is on track to process more than 60 million return packages between Nov. 14 and Jan. 22 – a 10% over last year. In addition, one in four Americans is expected to make a return.

Looking Ahead: 2022 Predictions for the Payments Industry

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It’s hard to believe that another year has already passed. At OLS Payments, we have seen rapid changes and growth in 2021. Businesses looked to prioritize and overcome payments security challenges. We also saw merchants meet consumers’ growing demands for fast and contactless methods as a result of the pandemic.
Andy Orrock's 5 2022 Payments Trends

Andy Orrock Shares 5 Retailer Payments Trends for 2022

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Andy's article 5 2022 Payments Trends Retailers Need to Know is live on the Retail IT Insights website.
2021 Turkey Five Payment Prep

Your 2021 “Turkey Five” Payments Prep Recipe

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Americans across the country will soon be feasting on turkey, green bean casserole, cranberry sauce and mashed potatoes. In preparation, families bring out their favorite recipes to share with loved ones and get all the ingredients they need for a successful Thanksgiving. And retailers need to do the same.

Thanksgiving kicks off the five biggest shopping days of the year – the Turkey Five. Ahead of the big event, retailers must have their payments processes in place to handle numerous transactions and ensure that security breaches don’t “wreak havoc in the kitchen.”

Why Omnichannel Payments Data is Key to Hospitality Success

Andy’s thoughts on Omnichannel Payments Published at Hospitality Technology

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In this article from Andy Orrock, he shares why he feels omnichannel payment are important success in the hospitality industry. Click here to read the article.
pay with cryptocurrency

Flexa Partnership Enables Seamless Digital Currency Acceptance

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According to a study from PYMNTS, crypto ownership has been on the rise, up 63% year over year. The study also found that more than half of current or former crypto owners made at least one purchase with digital currency last year. Meanwhile, 59% of consumers who have never owned crypto are interested in making a purchase with it in the future.
Paying via QR Code

Top Payments Industry Trends of 2021, So Far

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The payments landscape has shifted dramatically this past year. These changes were especially quickened by the pandemic as both merchants and consumers continued to look for alternative ways to safely complete transactions.   As Forrester…
Sumit Varshney talks mPOS popularity with Payments Dive

Sumit Varshney talks SMBs and Mobile Point-of-Sale with Payments Dive

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Tap-to-phone payments are growing in popularity. Our Sumit Varshney shares three reasons why in this article at Payments Dive. Click here to read the article.