The National Retail Federation (NRF) on Friday (April 26) asked a federal judge to reject the proposed settlement of a class-action antitrust lawsuit over swipe fees charged to merchants to process Visa and Mastercard credit card transactions. “This ‘settlement’ is a backroom deal struck without...
American consumers are projected to spend $33.5 billion on their moms next month. That’s according to new data from the National Retail Federation (NRF), which noted that amount is the second-highest in the history of its surveys of spending on Mother’s Day, following last year’s...
The National Retail Federation (NRF) expects retail sales to grow between 2.5% and 3.5% in 2024. That forecast is in line with the 2023 annual sales growth and the 10-year pre-pandemic average annual sales growth — both of which were 3.6%, the trade association said in a...
How common has refund fraud — or returns fraud — become? So much so that fraudster groups have begun advertising their services on platforms like Reddit, Telegram and TikTok. That’s according to a Thursday (March 14) report by CNBC on the trend, which involves tricking merchants into...
January 24, 2024
The debate over debit card interchange fees — and the cap on those fees — looks set to rage for at least a few more months. The Federal Reserve said in a statement Monday (Jan. 22) that it would delay the deadline for comments on the controversial proposal to lower maximum interchange fees on debit card […]
January 15, 2024
Last year, the National Retail Federation’s annual show put the spotlight on the return of physical retail and AI. This year, it’s all about checking out how these innovations are...
October 19, 2023
Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Next week, the...
June 07, 2023
If at first you don’t succeed, try, try again. That seems to be the prevailing sentiment Wednesday (June 7) when it was announced that the Credit Card Competition Act legislation is...
May 13, 2024
Shein reportedly has some work to do if it wants to court the U.S. retail industry. The fast fashion giant filed for an initial public offering (IPO) in the U.S. last year, but has also been trying to become a member of the National Retail Federation (NRF), CNBC reported Monday (May 13.) So far, those repeated attempts have been unsuccessful, […]
April 25, 2024
American consumers are projected to spend $33.5 billion on their moms next month. That’s according to new data from the National Retail Federation (NRF), which noted that amount is the...
March 20, 2024
The National Retail Federation (NRF) expects retail sales to grow between 2.5% and 3.5% in 2024. That forecast is in line with the 2023 annual sales growth and the 10-year pre-pandemic average...
March 14, 2024
How common has refund fraud — or returns fraud — become? So much so that fraudster groups have begun advertising their services on platforms like Reddit, Telegram and TikTok. That’s...
