Retail Payments Fraud: How Consumers and Banks Can Fight Back

Fico Collections

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. All these evolutions mean a changing landscape for retail fraud and scam trends.

BlockFi Credit Card Adds Retail Offers for Bigger Rewards

Nerd Wallet

The BlockFi Rewards Visa® Signature Credit Card is adding retail offers to the card’s rewards program, allowing cardholders to earn up to 10% back in cryptocurrency. The article BlockFi Credit Card Adds Retail Offers for Bigger Rewards originally appeared on NerdWallet.


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What Is Retail Accounting? A Guide to the Retail Method of Accounting

Nerd Wallet

Retail businesses have unique challenges, not the least of which is business accounting — especially for inventory. Discover the ins and outs of retail accounting to help you stay on top of your bottom line. Retail accounting. The article What Is Retail Accounting?

Meirav Furth's important article: Retail Race Discrimination

Public Citizen

Nineteen testers—Black and white females and males, were recruited and trained to return pre-purchased, unworn clothing items (without receipts) to approximately sixty retail stores in Chicago. The findings show that, controlling for all other variables, Black customers receive worse treatment in retail stores than do comparable white customers seeking to return identical goods, and that Black females are particularly vulnerable to discrimination.

Retail Sales Climb Higher Than Expected


Retail sales are on the rise again, and sales are faring better than expected. retail and food services sales in September increased 1.9% According to the Census Bureau, U.S. from August. Data is also 5.4% higher than September 2019. Sales between July and September 2020 were ahead 3.6%

Thinking of Getting into Retail Investing? Here Are 7 Things to Consider

Credit Corp

In the wake of the Covid-19 pandemic, the world of retail investing has experienced a growing number of new arrivals looking to place their money in the stocks and shares that they believe in. The post Thinking of Getting into Retail Investing?

Square for Retail POS Review 2021: Pricing, Features, Alternatives

Nerd Wallet

Square for Retail is a point-of-sale system designed specifically for brick-and-mortar and online retailers of all sizes. The article Square for Retail POS Review 2021: Pricing, Features, Alternatives originally appeared on NerdWallet.

Retail Insurance: What It Is, How to Get It for Your Business

Nerd Wallet

Most retail stores should have general liability and commercial property insurance to protect their businesses against common risks, such as customer injuries and property damage. The article Retail Insurance: What It Is, How to Get It for Your Business originally appeared on NerdWallet.

Some clothing retailers make more than half their income from their overpriced credit cards

Public Citizen

The Conversation has an interesting piece titled S tore credit cards generate corporate profits and disgruntled workers , by a pair of sociology professors, Joya Misra and Kyla Walters. Excerpt: Major apparel companies also sell credit, often with very high fees, like  The Gap’s  21.7% starting interest rate, and US$27 to $37 late payment charge. In 2019, Macy’s store credit card revenue of $771 million accounted for more than half of  Macy’s operating income. [M]any

The Best Accounting Software for Small Retail Businesses

Nerd Wallet

Opening a retail store is a big accomplishment. To enjoy any possible profits of your retail store, however, you have to remain organized and properly manage your finances — making the right retail accounting software essential.

Cigarette “Buydown” Payments to Retailers Excluded from South Carolina Sales Taxes

Burr Forman

Tobacco manufacturers and distributors have long made refund/rebate payments to retailers for the retailer’s purchase of cigarettes and other tobacco products from the manufacturer, provided the retailer reduces the price of the cigarettes and other tobacco products sold to the retailer’s customers.

Big box stores vs small retailers: When is shopping local better?


Especially around this time of year, it’s important to shop smart.

Retail Sales Grew at Rapid Pace Despite Supply Chain and Omicron


This holiday season, sales rose at the fastest pace in 17 years, according to the Business Mirror.

How to Start a Retail Business: A Step-by-Step Guide

Nerd Wallet

If you’re thinking about starting a business in the retail industry, you’re in good company. Although local retailers don’t get the same level of attention as nationwide brands do, small retail businesses actually make up the vast majority of all U.S. retail businesses.

Online Retailer Settles with State Attorneys General Over Security Incident

Troutman Sanders

Based on the state attorneys general’s Assurance of Voluntary Compliance , CafePress — an online retailer of customizable apparel, mugs, and other consumer products —– was the victim of a cyberattack on or before February 19, 2019.

Five Stories that Matter in Michigan This Week – July 29, 2022


——— New Law Intended to Crack Down on Organized Retail Crime in Michigan. Why it Matters: This bipartisan legislation is intended to combat the increase in retail crime that has affected many retailers in many large cities across the country. Uncategorized budget COVID-19 independent contractor test minimum wage retail crimeNew Laws Phase Out COVID-19 Employer Liability Protections for Employers.

DROPPING KNOWLEDGE 01: Collections strategy - Lessons learned from a known British retail bank


How often do you have a leading European C&R practitioner with nearly 40 years’ experience, dropping real-life knowledge on topics that most likely are causing you a headache? In this blog series, we’ve got you covered

New York City Enacts Biometrics Law for Food and Drink Establishments, Entertainment Venues, and Retail Stores

Troutman Sanders

The law applies to food and drink establishments, places of entertainment, and retail stores in New York City that collect, retain, convert, store, or share biometric identifier information ( e.g. , retina or iris scans, fingerprints, voiceprints, and hand scans) from customers.

FICO Integrates Fraud and Scam Detection in FICO Falcon Retail Banking 3.0 Model

Fico Collections

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers.

City of Detroit Faces Lawsuits Over Adult-Use Recreational Licenses


Cannabis Law adult-use retailer cannabis cannabis business cannabis license City of Detroit recreational license

Can Real Estate Replace Bonds in Your Retirement Portfolio?

Credit Corp

For example, GroundFloor lends short-term investment property loans for buying and renovating, and they raise the money from retail investors. Related Read: Thinking of Getting into Retail Investing?

Michigan Regulatory Agency Clarifies Strict Guidelines for Marijuana Packaging Will Be Enforced Effective February 2022


Provisioning centers and adult-use retailers who possess packaged products that are non-compliant have the following options: Place non-transparent stickers on non-compliant portions of the packaging for marijuana-infused edible products. Adult-use retailers can compliantly send marijuana products back to adult-use processors via a secure transporter. Cannabis Law adult-use retailer cannabis edible marijuana product Michigan Marijuana Regulatory Agency MMRA MRA provisioning center

Grupo Monge Grows Business, Improves Financial Inclusion

Fico Collections

Grupo Monge, one of the largest multinational retail companies in Central America, has used analytic decisioning to improve the way it evaluates and grants credit to its customers, especially those previously excluded from being able to access loans. Loans That Improve Lives.

Bank Ecosystems: The Role of Data Ingestion

Fico Collections

decision-management Decision Management Retail Banking Decision Management alternative dataIn my previous blog post, I talked about how open banking can be leveraged to build a financial ecosystem and what capabilities are required to get the maximum value from it.

Banks 56

Consumer Reports: Guide to returning gifts

Public Citizen

Consumer Reports has this guide to retailers with the best and worst return policies

Using Alternative Data in Credit Risk Modelling

Fico Collections

It can be used to generate a wide range of predictive characteristics such as Ratios of Cash to Total Spend in last X week(s) or Ratios of Spend in last X week(s) to last Y week(s) and even characteristics based on the number, frequency and value of transactions at different retailer types.

Revised NRF Report: Economic Recovery Post-COVID Stronger than Expected


The economy is expected to bounce back at a stronger rate than originally predicted in the second half of 2021, said National Retail Federation Chief Economist Jack Kleinhenz in the Monthly Economic Review earlier this month."It

Report Spotlights Racial Gaps When Moving Up Corporate Ladder

Account Recovery

How to Get the Best Walmart Black Friday 2021 Deals

Nerd Wallet

Visit regularly for holiday shopping tips and announcements about your favorite retailers. Last year, the pandemic triggered early Black Friday sales by major retailers in an effort to. NerdWallet is here to help you win Black Friday, while leaving your budget intact.

How Much Inventory Should You Carry? How to Know

Nerd Wallet

Retailers need to sell as much as possible. But the retail business fluctuates by nature and demand changes from day to day and week to week. That means knowing how much inventory to carry, but without having to cut prices or offload surplus stock.

Black Friday 2021 Store Hours and Online Hacks

Nerd Wallet

Visit regularly for holiday shopping tips and announcements about your favorite retailers. Remember camping overnight in lawn chairs waiting for a retailer’s “doorbusters” sale to begin pre-dawn on. NerdWallet is here to help you win Black Friday, while leaving your budget intact.

Judge Grants Defendant’s MSJ in FDCPA Case Over Alleged SOL Violation

Account Recovery

Take retail-branded credit cards, for example. In the case below, there is a genuine issue whether the statute of limitations on retail-branded credit cards is four years, or six years.

New Data Indicates More Consumers Struggling to Make Ends Meet

Account Recovery

More than half of all consumers across the country are going into debt, borrowing money, or using their savings to cover their expenses right now as a result of higher prices for everything from gas to groceries, according to the results of a survey conducted by the National Retail Federation.

How to Get the Top Best Buy Black Friday 2021 Deals

Nerd Wallet

Visit regularly for holiday shopping tips and announcements about your favorite retailers. Like the rest of the retail world, Best Buy is expanding Black Friday into a monthlong. NerdWallet is here to help you win Black Friday, while leaving your budget intact.

How to Get the Best Target Black Friday 2021 Deals

Nerd Wallet

Visit regularly for holiday shopping tips and announcements about your favorite retailers. But the popular retailer. NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money.