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Payments NEXT newsletter: Cybersecurity facts, H&M, shopper friction, Target Smartly
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It was a busy week in payments news. We’ve got a must-read list of 10 small business cybersecurity facts you should know. There’s also a look at the strategy behind retailer H&M’s investment in online payments company Klarna and insight into Zebra Technologies’ 2018 Shopper Study. We wrap up with a profile of Target’s new Smartly discount brands designed to compete with Amazon, Walmart and dollar stores.
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10 SMB cybersecurity facts you should know
Dell shares some valuable cybersecurity facts and figures. Here are just 10 reasons small to midsize business need to make cybersecurity a priority. 4,000-plus ransomware attacks occur daily on business networks and home computers. 20% of businesses have been victimized by cyberattacks. Read more... |
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Retailer H&M invests in payments firm Klarna
In an unusual deal, Swedish-headquartered fast fashion retailer H&M invested $20 million to acquire under 1% of online payments firm Klarna. H&M will implement Klarna’s payments platform in its retail and online channels to provide shoppers with what it calls a “frictionless” payments experience starting in 14 EU countries including the UK and Sweden and eventually in the US and Asia. Read more…
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Zebra 2018 Shopper Vision Study: Shopper friction
Did you know nearly half of customers are still dissatisfied with the customer service that’s offered in-store and online? According to Zebra Technologies’ 2018 Shopper Study, 44% of shoppers are not satisfied with staff availability and customer service in-store while 55% are unhappy with the same online. That’s a lot of shopper friction. Read more… |
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Target goes after competition with Smartly brand discounts
Target’s newly-announced Smartly brand private-label discount products may turn out to be its most effective defense against competitors ranging from Amazon and Walmart to dollar stores. Target introduced a whole line of more than 70 everyday items, from all-purpose cleaner and body lotion to paper plates and razor blades—with most items less than $2. Products will start arriving in store on October 14 with additional products coming in early 2019. Read more… |
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