e-commerce

Metaverse – The next e-commerce revolution

October 4, 2022

Metaverse – The next e-commerce revolution
The metaverse, roughly defined as 3-D virtual worlds that mimic the real world, has drawn much attention since late 2021. Certain well-known global firms, such as J.P. Morgan, HSBC, Standard Chartered (banking), Samsung (technology), Adidas (apparel) and PwC (consulting) have created a presence on the current metaverse platforms The Sandbox and Decentraland. Ever since Facebook’s announcement of its rebranding and name change to Meta in October 2021,2 the investment on metaverse has continued despite a contraction in the cryptocurrency market.

Spotlight

Saks Fifth Avenue

Saks Fifth Avenue is a world-renowned retailer and an international fashion authority. We offer our customers the finest assortment of designer apparel, as well as extraordinary handbags, shoes, jewelry, cosmetics and gifts. Our collections include exciting designs, modernized classics and exclusive treasures not found anywhere else. Whether New York, Paris, Milan, or any of the fashion capitals of the world, Saks Fifth Avenue attends more than a thousand runway shows annually in our pursuit of the best collections in the world. Saks Fifth Avenue caters to a variety of dedicated fashionistas, special occasion shoppers, global travelers and people who simply love beautiful things. Being part of this legendary organization is a source of great pride for our Associates – and has launched many inspired careers.

OTHER WHITEPAPERS
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Defining and MeasuringPayment Interoperability

whitePaper | April 30, 2022

According to PayPal’s Borderless Commerce Report, worldwide e-commerce is expected togrow 14.3% in 2021, with a 28% increase in new online shoppers. 1 Based on Visa’s latest Global Merchant E-commerce Study, 66% of e-commerce companies are selling products across borders, with cross-border sales accountingfor around one-third (31%) of their revenue on average. 2 Even though 87% of merchants believe their biggest growth potential lies with international online sales expansion, owners of small businesses expressed their reluctance to take actions to expand into new markets 3 Lacking interoperable payment solutions suitable for international trade is preventing merchants, especially small and medium-sized enterprises (SMEs), from tapping into international markets:

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Move your PoS to the cloud and cut OpEx by 75%

whitePaper | June 8, 2022

Bridging digital and in-store systems is a crucial aspect to many retailers strategy, and at the center of that you will usually find a Point of Sales system. But all POS systems aren’t created equally. And with it about to enter the high-performance league, this paper puts the case for a ’thin’ cloud-based PoS system, as a way of driving innovation, improving operations, unifying in-store and online experience — and cutting costs.

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Buy Now, Pay Later

whitePaper | July 20, 2023

“Buy Now, Pay Later” (BNPL) is an innovative credit product that has experienced rapid growth in the past few years. BNPL allows consumers to split up the cost of a retail transaction (usually between $50 and $1,000), traditionally into four interest-free installments repaid over the span of six weeks. Seamlessly integrated into the online shopping experience, the product is promoted as a fast, convenient means for consumers to manage their cash flow and avoid high-cost debt.

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Accelerating Digital Payments in Latin America and the Caribbean

whitePaper | May 20, 2022

Payments provide access to financial services, empower trade and investment, and facilitate sustainable business growth. Importantly, digital payments level the playing field between large and small businesses. This is especially important for Latin America and the Caribbean (LAC), where micro-, small and medium-sized enterprises (MSMEs) make up the majority of business activity but where there is also a high degree of informality and exclusion from the formal financial system.

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The Importance of HALT/HASS Testing

whitePaper | January 12, 2022

Not all POS terminals are created equally—even when an initial look at the spec sheet makes them seem similar. The difference is what’s inside. How the terminal was designed and manufactured. The difference can have a profound effect on the experience you have with the device. Therefore, when considering the price of a POS device, it is also wise to consider total cost of ownership. Some companies design their POS systems to attain a price point. The best products are designed and manufactured—with the help of HALT and HASS testing—to faultlessly meet your needs through a life made long through a commitment to quality and durability.

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11 Rules for a Successful Multi-Location Business

whitePaper | February 9, 2023

Managing a multi-location business requires many moving parts. From product management to sales reporting, keeping a close eye on every location can be tricky. Determining how to easily and effectively manage your growing business begins with selecting the right tools, starting with right Point of Sale (POS) system

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Spotlight

Saks Fifth Avenue

Saks Fifth Avenue is a world-renowned retailer and an international fashion authority. We offer our customers the finest assortment of designer apparel, as well as extraordinary handbags, shoes, jewelry, cosmetics and gifts. Our collections include exciting designs, modernized classics and exclusive treasures not found anywhere else. Whether New York, Paris, Milan, or any of the fashion capitals of the world, Saks Fifth Avenue attends more than a thousand runway shows annually in our pursuit of the best collections in the world. Saks Fifth Avenue caters to a variety of dedicated fashionistas, special occasion shoppers, global travelers and people who simply love beautiful things. Being part of this legendary organization is a source of great pride for our Associates – and has launched many inspired careers.

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