PYMNTS

NOVEMBER 30, 2020

In today’s top retail news, Adobe reported that online sales on Black Friday hit $9 billion, while U.S. Plus, Outback Steakhouse has debuted a new “curbside concierge” option for holiday gift card shopping. Outback Steakhouse Debuts Curbside Gift Card Concierge. That event became a 11-day spree in 2020 and shoppers spent $75.8

Retail 148

Retail US Cards Analytics 148

PYMNTS

JUNE 10, 2020

As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year. That means that between June 1, 2020 and January 1, 2021, 21,000 more stores will shutter.

Retail 131

Retail New York City Online Trends 131

PYMNTS

DECEMBER 16, 2020

Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. issuers will grow to $690 million in 2020, and to more than $800 million in 2021. The Scope Of The Problem.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag. Top Trackers And Reports.

Cards 151

Cards Data Mobile Survey 151

PYMNTS

JANUARY 24, 2019

It’s expected that more than 56 real-time payment rails will be live by 2020, and the U.S. The Federal Reserve recently sought to propel faster payments adoption by requesting feedback from financial institutions (FIs), retailers and other stakeholders on whether it should create its own real-time payment rail. lags behind.

US 167

US System Payments Retail 167

PYMNTS

DECEMBER 19, 2019

Make sure you give your best smile when you are shopping in 2020. That’s because cameras are playing a much bigger role in retail, a trend that will keep gaining steam in the new decade. This data certainly isn’t nothing, but it pales in comparison to the data troves that digital retailers have. Security Cameras.

Retail 131

Retail Software Video Course 131

PYMNTS

JANUARY 14, 2021

percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. 27 in the retail goods space among the organization’s owner credit unions were up 26.2 percent of card present activity on contactless credit cards.

Innovation Strategies 155

Innovation Strategies Cards Analytics Survey 155

PYMNTS

APRIL 9, 2020

Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. percent of eligible Walmart transactions in 2020, down from 4.5

Mobile 140

Mobile Apple Cards Millennials 140

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. How Much Will Digital-First Stick? Here’s why I say that.

Retail 259

Retail Meeting Branding Maine 259

PYMNTS

MARCH 19, 2020

The National Retail Federation wants clarification on the word “essential.” When state and local governments give blanket orders to ‘close non-essential retail’ and ‘limit mass gatherings to 50 people,’ it causes panic and alarm. Consumers then swarm retailers, which exhausts existing supplies and overwhelms employees.”.

Retail 176

Retail National Community Groups 176

PYMNTS

NOVEMBER 25, 2019

Retail innovation comes from various places – and for the new decade, that includes quick-service restaurants (QSRs), the site of massive technological change. According to a new study from the National Restaurant Association and Technomic, 22 percent of consumers used kiosk ordering last year. Pickup Windows.

Innovation 153

Innovation Retail New York City Minnesota 153

PYMNTS

MARCH 2, 2020

Retailers often need additional coverage during peak holiday shopping periods, hospitals may need substitutes for nurses on paternity leave and construction companies might need to increase staff for sizable projects. The national unemployment rate fell to its lowest level since 1969 in April 2019 — 3.6 Staffing agencies in the U.S.

Cards 130

Cards ATM United States Payments 130

PYMNTS

NOVEMBER 23, 2020

Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments. Reed was involved in California’s watershed privacy law, which could act a model for a national law. billion for the first half of 2020. Plus, PayPal and Square are on a crypto buying spree. Bitcoin Rally Triggered By PayPal, Square Buying Spree.

Payments 203

Payments Bitcoin Google Cards 203

PYMNTS

DECEMBER 24, 2019

The company has an option to transfer money to the bank without a debit card for the same fee. Discover announced that it will start issuing contactless cards over the next several months. In Europe, contactless card-based payments have come to dominate face-to-face payments. Venmo also offers an example of P2P expansion.

Cards 160

Cards Payments Study Examples 160

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. Trackers and Reports.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

DECEMBER 21, 2020

and five other nations identified 100 million potentially fraudulent transactions between March 11 and April 28, for example. One May report noted a 54 percent month-over-month increase in loyalty- and gift card-related promotion abuse, for example. One recent report that surveyed consumers from the U.K.,

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

AUGUST 11, 2020

Stripe has also rolled out its service in 15 new nations throughout Asia Pacific, Europe and Latin America. In April, Stripe announced significant updates to its software that will directly link users with Visa, Mastercard and the globe’s other leading credit card networks. billion in 2020.

America 222

America Software Meeting National 222

PYMNTS

DECEMBER 11, 2020

That includes things like contactless credit and debit cards, digital wallets, cards on file or other digital methods. percent reported interest in card on file and 17.9 percent fewer consumers use contactless credit cards than would like to, while 15.1 percent fewer use contactless debit cards than would like to.

Study 240

Study Online Cards National 240

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. 23-25, 2020. One hundred and ten (110) million U.S.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

NOVEMBER 2, 2020

on Halloween 2020, we’re confronted with the prospect of a long, strange COVID winter. Contactless payments took wing in 2020 and, given the venture capital flowing into facilitating greater payments choice overall, it’s a safe bet that digital-first payments are here to stay. Now, with a winter snowstorm coating the northeastern U.S.

Study 205

Study Cards Payments Innovation 205

PYMNTS

AUGUST 25, 2019

Kohl’s is following a retail movement to offer curated collections so shoppers can explore new trends. Kohl’s own curated lines will roll out in October with brands Adore Me and pop-up card designer Lovepop. Facebook-curated brands launch in 2020. The franchise also partnered with Amazon to serve as a drop-off for returns.

Millennials 133

Millennials Data social media Branding 133

PYMNTS

NOVEMBER 23, 2020

To say the least, the retail industry finds itself in the middle of a tricky holiday season. As of late October, data released by LendingTree indicated that a quarter of consumers were already finished with their holiday shopping for 2020. They’re just less than enthused to actually go inside and walk around to shop.

Retail 248

Retail Online Survey Course 248

PYMNTS

JUNE 29, 2020

Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement. In April, a joint study by the U.S. and the United Kingdom.

Nevada 201

Nevada Cyber Security Study Security 201

PYMNTS

FEBRUARY 8, 2020

In less than a week, “national engagement season” will be over. And for those saying something to the effect of “there is no such thing as national engagement season,” we would point out the data begs to differ. All in, according to the National Retail Federation (NRF), Americans will drop about $27.4

National 185

National Maine Millennials Video 185

FluentBanking

MAY 23, 2020

is providing top class retail financial services in the country. As a part of their continuous effort they brought Amex Platinum credit card for its customers. AMEX platinum card is a good choice for the travel lovers and for those who want welcome perks from the provider. The charges of AMEX Platinum card is quite high.

Cards 52

Cards Meeting National Retail 52

PYMNTS

AUGUST 5, 2020

Tim Horton , head of global merchant security and fraud solutions at Fiserv , told a recent PYMNTS Masterclass that online purchases have more than doubled year on year in the general retail segment, while online grocery sales have surged by 250 percent. Consumers inject little data into the transaction when they pay in-store with cards.

Security 267

Security Fraud Data Online 267

PYMNTS

MARCH 20, 2020

and span eating establishments, professional and personal service firms, construction, remodeling and repair, fitness clubs and, of course, a wide range of retail verticals. percent since the first quarter of 2010, typically seen as the bottom of the recession that followed the financial crisis that took hold of the nation in 2008 and beyond.

Maine 140

Maine Cards Course Data 140

PYMNTS

MAY 8, 2018

Walmart is changing its opioid policy following recommendations from the Centers for Disease Control and Prevention (CDC), limiting the length of the opioid prescriptions it will fill and only accepting e-prescriptions starting in 2020, according to CNN Money reports.

Tennessee 101

Tennessee Policies Retail Fraud 101

Perficient

NOVEMBER 8, 2021

I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: You played a variety of roles at City National Bank. I touch a variety of sub-industries, including retail banking, commercial banking, and payments.

Industry 539

Industry cryptocurrency New Mexico Los Angeles 539

Tomorrow's Transactions

OCTOBER 2, 2020

A recent survey funded by the National Retail Foundation, found that no-touch payments have increased for 69 percent of US retailers surveyed, since January 2020. In May, Mastercard reported that 78%… Continue reading Payment Card issuance errors; leaving the door wide open for fraudsters.

Cards 39

Cards Payments Survey National 39

PYMNTS

DECEMBER 3, 2020

After the year we’ve seen so far, uncertainty is probably just about the last thing the retail segment wants as a holiday present for 2020. Piatt said those are figures align nicely with recently released National Retail Federation (NRF) data indicating that 39 percent of holiday shopping will happen online this season.

Cards 210

Cards Online Trends Survey 210

FICO

AUGUST 29, 2022

Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. Each year, we provide insight into the national average FICO® Score to help ensure consumers have a baseline measure of credit health standing. Average U.S. by Ethan Dornhelm.

Payments 98

Payments National San Diego Analytics 98

PYMNTS

FEBRUARY 16, 2018

As a result, our eCommerce business is now approximately $1 billion in annualized retail sales, and we are well-positioned to capitalize on what is sure to be a dynamic future in this space,” Nooyi told investors. And the numbers in this regard don’t lie: Physical retail is growing at a rate of about 3.6

Retail 124

Retail Branding Mobile Strategy 124

PYMNTS

AUGUST 17, 2020

The Commerce Department released July’s retail sales last week, showing an increase in seasonally adjusted retail spending – up 1.2 Analysts reported that physical retail sales, seasonally adjusted, were up 2.7 And what we also see is only one part of the retail sales story. percent growth in June.

Retail 335

Retail Branding Online Report 335

BankBazaar

APRIL 2, 2020

Last week, the RBI allowed all lending institutions to offer a three-month moratorium to borrowers on repayment of all term loans including Credit Card dues. The moratorium is for payment of all installments due between Mar 1, 2020 and May 31, 2020. The bank will not ask for any EMI payment till May 31st, 2020.

Cards 128

Cards Guidelines Retail Payments 128

BankUnderground

JULY 14, 2020

The response to the Covid-19 pandemic has included closure of retail outlets and social distancing. This gives a near-real time read on consumer spending, without the publication lags associated with national accounts consumption data. We focus on the time period between 1 January to 26 April 2020.

National 141

National Retail Groups Data 141

PYMNTS

JULY 15, 2020

Goldman Sachs recently said that a national mask law could lessen the daily growth rate of the coronavirus by 1 percent and prevent a 5 percent drop in gross domestic product (GDP) in the U.S. Kroger News (@KrogerNews) July 15, 2020. Kohl’s will require masks beginning July 20, the retail store announced in a press release.

National 155

National Retail Regulation Cards 155