With most regions in the world already adopting EMV, a global standard for credit and debit payment cards based on chip card technology, the U.S. is a sitting duck when it comes to customer present card fraud. This isn't good news for the country’s retailers and it’s clear that something needs to be done.
In what seems like a generation ago — before the internet — catalog orders came in one of two ways: via the mail or phone. Source code capture rates of 85 percent were the norm and it was easy to read the results from each mailing list. Then along came the internet and measuring catalog response rates became complicated. The percentage of online orders continues to grow, making the attribution of orders very complicated. Consumers receive catalogs, emails, online ads and many more advertisements. Knowing which marketing vehicle should get credit for an order is a challenge.
This fall, customers using Target-branded credit cards will a get 5 percent discount on every purchase at its stores. Gauging by the results of an eight-month test Target recently concluded in Kansas City, the company expects the program to drive a 1 percent to 2 percent nationwide increase in sales at stores open at least a year by luring shoppers to its stores more frequently to take advantage of the savings.
For merchandise sellers not rooted online, alternative payment programs such as PayPal and Bill Me Later once carried the stigma of being designed primarily for consumers with bad debt. But as representatives from two major integrated retailers, American Eagle Outfitters and Orvis, noted during a session at August's eTail Conference in Baltimore, that's no longer the case.
Very little PR I get in my inbox grabs my eye, but this one warrants a little attention. A few weeks ago, I was nudged by a Dublin, Ireland-based data management firm called Ethoca, which has developed something across the pond called the Collaborative Fraud Management platform and hosts The Global Fraud Fighting Community. This is a group of European merchants who pool their transaction information to determine and share with other group members those potential transactions that are legit or fraudulent. Now Ethoca has brought its efforts to the U.S., and one of the first merchants it signed up was multichannel computer equipment
As the number of channels through which catalogers promote their products increases, so, too, does the need for consistency among an organization’s marketing materials. If you want both existing customers and prospects to recognize your brand, the elements that are used in your catalog must appear on your Web site, in your e-mail campaigns and, if applicable, at the retail level. It sounds like common sense, but if your creative processes aren’t streamlined, consistency can be difficult to achieve. “Some companies, like Harry and David, are really good at keeping it all aligned: their Web sites, e-mails and stores,” notes Carol Worthington-Levy, partner
If you’re like most catalogers, you’ve either discussed giving up the use of a bind-in order form with envelope or you have already eliminated it. There’s a definite trend to eliminate the bind-in order form/envelope typically found in the center of catalogs. Is that really the right thing to do? This month, I’ll offer the pros and cons of using a bind-in order form/envelope, provide you with actual test results and give you the criteria to use to make the right decision for all the right reasons. Facts Don’t Lie I first explored this topic in a Catalog Success column back in
Problem: Ross-Simons wanted to make its luxury products more affordable without lowering prices. Solution: It implemented a deferred billing program. Results: Conversion rates during seasonal, deferred-billing promotions experienced double-digit increases. A few years back, Ross-Simons recognized that its customers had limited options when it came time to pay for their purchases. When customers ordered online or over the phone, “it was either take the Ross-Simons credit card or pay with your Visa,” says Larry Davis, the multichannel jewelry, home décor and accessories merchant’s vice president of marketing. “We wanted a more flexible solution.” Although the Cranston, R.I.-based company had a house
Problem: The order entry system for My Grandma’s of New England routinely transposed data from one order to another, causing shipping errors and other assorted problems. Solution: The company implemented a new order entry system. Results: Shipping errors were virtually eliminated. My Grandma’s of New England had an order entry system (OES) that was wildly unstable, often causing data errors that resulted in shipping methods from one order being applied to another order, disappearing entirely or customer greetings placed on an order to end up on the wrong order. So last November, the company implemented Morse Data’s InOrder OES to reduce shipping errors caused by its legacy
The new Payment Card Industry (PCI) standards, which recently went into effect, are meant to help merchants beef up their data-security practices to better protect their customers’ credit card information — a commendable endeavor, indeed. But figuring out how to actually comply with the standards has left many merchants scratching their heads. Following are the answers to frequently asked questions about the standards. What is PCI? It’s a new, unified set of data-security standards from Visa, MasterCard, American Express and Discover card companies. Until this year, each card company had its own data-security standards. PCI, then, is a way for merchants to complete