Subscription services are profitable for merchants. Making a one-time sale means receiving a one-time payment, but subscriptions mean that original sale results in months — sometimes even years — of consistent, regular revenue. The market for subscription services is increasingly competitive, however, and consumer experience is key for any merchant looking for an advantage in the space.
There’s nothing imaginary about the scope of the fantasy sports market, valued at an estimated $7.22 billion in the U.S. — or the complexities of managing payments for those platforms. DraftKings’ chief international officer, Jeffrey Haas, discusses the company’s efforts to improve the global payment experience and the challenges of navigating regulatory requirements in different markets.
Well, Kate Hudson, for starters, who believes that there’s no good reason why yoga-style leggings should retail for $100. That’s why Hudson joined forces with TechStyle to pioneer a new line of athleisure wear, Fabletics, that offers luxury athleisure brands at a lower cost via a membership commerce model. TechStyle CMO Shawn Gold explained to Karen Webster how TechStyle’s mission to create accessible fashion since 2010 has helped it find the perfect fit between fashion, data and a new subscription commerce model.
In the age of instant downloads and prime delivery, speed is king. But can small businesses take a run at the throne? Jean-François Noël, CEO of FANS Entertainment and GOLO, a payment service and online ordering platform, respectively, discusses how SMBs can adopt mobile ordering technology, cut wait times and compete with business royalty.
How to get the dental industry aligned on Big Data? Now, that’s something to chew on. Paolo Kalaw, CEO of dental software solutions provider Evident, explains how payments inside of dental practice management software not only delivers healthy teeth and gums but provides a better payments experience for patients.
o help get its fashion merchandise into the hands of more customers, the company has made a strategic decision to compete with other clothing rental firms like Rent the Runway, retail news platform Chain Store Age reported Thursday (Oct. 2).
Tiny city apartments create big headaches for residents needing space to stash their stuff. Closetbox CEO Marcus Mollmann reveals how his own moving and storage frustrations inspired him to launch an urban on-demand pickup and storage marketplace.
Samsung doesn’t see the slow adoption of many in-store mobile payments schemes as a miss, but rather a call to dream bigger. In a recent interview, Samsung VP/GM services & new business, Nana Murugesan, and Samsung Pay U.S. VP/GM, Sang Ahn,, told Karen Webster that payments alone aren’t enough. That’s why, over the two years since its launch, Murugesan and Ahn say that Samsung Pay has evolved from being just a different form factor to be used at the point of sale to a holistic digital wallet, complete with incentives and cross-device integration.
The latest PYMNTS Payments As a Service Tracker™ showcases the efforts various companies are making to help merchants and small businesses expand their usage of mobile technology to better connect with their customers, including through new rewards programs and mobile point-of-sale (mPOS) systems.