Payment system failures could cost UK retailers £1.6bn in annual sales
Payment outages and system failures have been estimated to cost UK retail and hospitality companies around £1.6bn in sales annually.
The research by Freedom Pay, Dynatrace and Retail Economics shows that the amount of disruptions on day-to-day trading are rising as UK businesses are reporting an average of over five major outages per year, with 61% happening during peak trading periods.
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