All Articles Tagged With "B2C"

What the JROC milestone document reveals about Open Banking in the UK

On Monday 17th April 2023, the Joint Regulatory Oversight Committee (JROC), co-chaired by the Financial Service Authority (FCA) and the Payment Systems Regulator (PSR), published its recommendations for the next phase of Open Banking in the UK. The report contains recommendations and it is effectively a roadmap for the future of Open Banking and payments in the UK. Mark Beresford (Director, London) and Elisabetta Nadal (Business Analyst, London) have taken some time to review and identify the implications of the report and consider other UK-wide financial services initiatives that have happened in recent history.

Cash versus cashless retail

Cashless shops may become a reality sooner than we believe. In this article, Mark Beresford (Director, London) and the Retail Practice at EDC explore how this fundamental change to cashless stores may affect consumers, where the benefits and potential concerns exist, and which retailers are going cashless.

Rest In Peace Paym

Last month, the UK saw the closure of an innovative mobile payment method. Paym, the mobile payments service, that was born in 2014 and was finally laid to rest on 7th March 2023. Pay.UK announced that Paym would be closed permanently. Mark Beresford (Director, London) has looked at why Paym didn’t quite make its 10th birthday.

It is time to re-look at SoftPOS to overcome traditional POS pain points

A long-awaited innovation in SoftPOS is expected to be launched in 2023. The retail and hospitality industries can finally let go from the constraints of traditional POS devices and make a massive leap forward into the 21st century. There has been the advancement of software-based POS security, namely, the Mobile Payments on Commercial off-the-shelf (MPoC) standard, which builds upon and learns from the Software-Based PIN on COTS (SPoC) and the Contactless Payments on COTS (CPoC) standards. MPoC enables contactless payment (NFC) acceptance and PIN cardholder verification methods to support further development of mobile payments infrastructure. The first MPoC certified solutions are expected to be seen on the market in Q2 2023. Expectations are high, and Mark Beresford (Director, London) has looked at how SoftPOS can help solve the six main pain points that many retailers experience with traditional POS.

by Mark Beresford | Mar 01, 2023

10 mins read

The Future of B2C Ecommerce

Edgar, Dunn & Company (EDC) was asked by the Paypers to size and forecast the growth of B2C ecommerce in the next few years and examine what will be the key factors that are expected to secure the future success of B2C ecommerce. Mark Beresford (Director, London) prepared this article which was first published by the Paypers in its Cross-Border Payments and Ecommerce Report 2022–2023.

How to increase retail sales in a challenging economic period

Retail sales during the Christmas holiday season can be a significant contributor to overall annual sales for many retailers. For the UK and six of the largest European markets, the 2022 estimate for Christmas holiday period retails sales is down by €4.5bn compared to the same period in 2021. Once the January sales are over, how can retailers increase sales in a challenging economic period? Tom Robins (Business Analyst, London), Mark Beresford (Director, London) and EDC’s Retail Payments Practice has identified how retailers can focus on five areas where optimization best practices can be applied to increase retail sales. These five areas may not be what you would expect.

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