PYMNTS

OCTOBER 14, 2020

Data shows a cautious population living paycheck to paycheck, ready for conservative holiday spending. In retail, the need to simplify, integrate and bring gift card and loyalty programs online to maximize their impact has never been greater, while consumer engagement has the power to remove retail friction.

Retail 227

Retail Technology Trends United States 227

PYMNTS

DECEMBER 4, 2020

The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. Morgan’s card-present and card-not-present processing scale can provide uniquely valuable insight into consumer spending during the peak holiday shopping season,” Smith said. . As the No. trillion, J.P.

Online 288

Online Data Survey Cards 288

PYMNTS

JULY 15, 2020

Livestreaming online shopping is finally gaining momentum in the United States, via an evolving business model from Glamhive. In the automotive arena, sellers have implemented third-party technology such as virtual retailing to enable a completely digital vehicle sales process. All this, Today in Data.

Retail 130

Retail Technology Cards Innovation 130

PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S.

Retail 159

Retail Online Fraud Cards 159

PYMNTS

APRIL 12, 2017

The need for online retailers and brands to be vigilant in the face of fraud becomes more pressing by the day — but additional authentication measures can create friction on the consumer’s end, which has a nasty habit of reducing conversion rates. We return back to retailers a risk indicator — high, medium or low,” Bonin said. “If

Fraud 115

Fraud Retail Online Data 115

PYMNTS

DECEMBER 8, 2020

Walgreens has followed in the footsteps of Walmart and Amazon to join the retailer-as-ad-agency trend , while BigCommerce recently launched Open Checkout to let developers, retailers and partners create tailored checkout experiences. And in B2B payments, virtual cards are helping firms manage spend in real time.

Retail 187

Retail Data Trends Online 187

PYMNTS

DECEMBER 4, 2020

This week, Stripe introduced banking services, we get a glimpse of the EU's upcoming Digital Services Act and PYMNTS' data reveals online purchases ruled Black Friday. Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. UPS Caps Deliveries From Gap, Nike, Other Big Retailers.

Cards 151

Cards Data Mobile Survey 151

PYMNTS

OCTOBER 2, 2020

Unprecedented surges in online shopping volume has meant consumers are shifting their buying and payment habits in a big — and likely permanent — way. For many merchants, particularly smaller ones, the most immediate priority is to ensure that these businesses can accept payments online. Then, the next step is linking the two.

Data 184

Data Management Retail Online 184

PYMNTS

DECEMBER 3, 2020

Of the many data-based insights contained in the new Black Friday 2020 Report: Crossing the Digital-Physical Shopping Divide , one line captures the mood of this just-concluded commerce holiday weekend: “Concerns over COVID-19 were present, but were secondary to consumers who craved convenience.”. consumers taken on Saturday (Nov.

Retail 149

Retail Data Online Cards 149

PYMNTS

NOVEMBER 4, 2019

From counterfeiting to identity theft to phishing attacks, digital fraud takes many forms — and online shopping continues to make consumers and merchants vulnerable to such attacks. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. By its measures, merchants pay $3.13

Fraud 124

Fraud Retail Online Study 124

PYMNTS

MARCH 29, 2017

Online retailers just got a new tool in the fight against identity theft and fraud. XOR Data Exchange , Austin-based data and analytics startup, just recently introduced a new resource for online retailers to fight the account takeovers as the number data breaches that include account login credentials grows.

Fraud 100

Fraud Retail Online Tools 100

PYMNTS

NOVEMBER 16, 2020

They have paid down their credit cards. The main one centers on the drop in credit card spend. A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019. Here’s the scenario.

Cards 302

Cards Retail Survey Trends 302

PYMNTS

OCTOBER 12, 2020

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. And online shopping and digital fraud are increasing simultaneously, but merchants can take steps to ensure that debit-based card-not-present (CNP) transactions are kept safe. All this, Today in Data. 92%: Portion of U.S.

Retail 146

Retail Innovation Technology Security 146

PYMNTS

NOVEMBER 9, 2020

For retailers, it is a time of reexamination. Shopping for essentials such as groceries and household staples had slowly shifted to weekdays and online, as work-from-home consumers no longer had to time-box shopping in physical stores on evenings and weekends. Digital-first or digital-native retailers made it so. and Brazil.

Retail 295

Retail Online Branding Data 295

PYMNTS

DECEMBER 20, 2017

That’s a quote from department store maven John Wanamaker, illustrating a conundrum for retailers (and merchants in general): Namely, you’ve got to reach out to consumers if you are going to convince them to buy your wares. Thus, in the age of Big Data, how to ensure that time and money are well-spent? Neither is good to waste.

Big Data 234

Big Data Retail Data Fraud 234

PYMNTS

AUGUST 14, 2020

“Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. the odds of beating the bad guys are moving in retailers’ favor. “I The Challange With Card-Not-Present Transactions .

Cards 293

Cards Fraud Retail Security 293

PYMNTS

JUNE 10, 2020

In investments, retail dispute management firm Chargeback closed a funding round to speed up growth and to help retailers reduce credit card disputes. And in tech, the future of retail may include mobile scanning. All this, Today in Data. Data: 2014: The year Lumen was founded.

Retail 150

Retail Technology Innovation Data 150

PYMNTS

JULY 9, 2018

After Macy’s cyber tools detected suspicious logins on June 11, the retailer is warning customers about a data breach. The retailer said that a threat targeted the profiles of customers for nearly two months, Detroit Free Press reported. However, Macy’s said the accounts don’t include Social Security numbers or CVV numbers.

Online 134

Online Data Detroit Retail 134

PYMNTS

NOVEMBER 13, 2020

Alibaba ’s Singles’ Day online shopping event set a new record for performance. In luxury retail, Cartier has made an investment in Farfetch , while Burberry ’s earnings showed a return to sales growth. All this, Today in Data. 550M : Amount of Cartier’s investment in online luxury marketplace Farfetch.

Cards 153

Cards Data Online Retail 153

PYMNTS

OCTOBER 9, 2020

Brick-and-mortar commerce has rebounded in recent months, but consumers are still heading online for many of their purchases, maintaining trends set in the early months of the pandemic. trillion opportunity for eCommerce retailers. trillion opportunity for eCommerce retailers. Around The Next-Gen Debit World.

Fraud 188

Fraud Retail Report Online 188

PYMNTS

DECEMBER 1, 2017

Here’s a nice change of pace going into the weekend: It looks like online fraud did something unsual for Black Friday this year. For the first time in several years, credit card fraud (the most common fraud form factor for retailers online) fell to 42 percent of total fraud during the holiday shopping weekend.

Fraud 118

Fraud Retail Online Cards 118

PYMNTS

JUNE 19, 2017

reported Friday , June 16, that it had discovered malware on certain retail store location point of sale systems. The breach may affect users who paid via credit card at affected Buckle store locations between Oct. The breach may affect users who paid via credit card at affected Buckle store locations between Oct. Buckle Inc.

Cards 158

Cards Data Fraud System 158

PYMNTS

NOVEMBER 30, 2020

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. Three in four shoppers bought items online and three in 10 shoppers bought items exclusively online. Our research shows that 74.1 It is also 27.1

Data 321

Data Online Cards Google 321

PYMNTS

DECEMBER 11, 2020

That’s the reality that the majority of consumers — 78 percent, according to Blackhawk’s data — are already anticipating a post-pandemic world where their shopping habits will permanently shift to digital. Digital Gift Cards ’ Growth. For instance, people are simply directing more spend at gift cards this holiday season.

Cards 291

Cards United States Strategy Retail 291

PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. percent made voice-assisted purchases while shopping for groceries or retail goods in the last 24 hours. Key Data Points: It takes only 78.5

Data 277

Data Innovation Payments Millennials 277

PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. It was also the first platform to introduce a cashback service for online shopping and recently added support for Swipe’s cryptocurrency Visa cards. has seen slow adoption compared to other regions.

Samsung 230

Samsung Management Cards Regional 230

PYMNTS

MAY 28, 2020

As retailers scramble to capture the digital shift, it’s easy for some overlooked details, such as unanswered customer complaints, to harm their brands. To prevent this, a new category is emerging around the area of online reputation management , with a luxury automaker among the latest brands to embrace the technology.

Mobile 141

Mobile Technology Retail Payments 141

PYMNTS

JANUARY 13, 2021

Experts predicted that up to $190 billion would be spent online this year, a 35.8 The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers. Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3

Fraud 189

Fraud Analytics Data Retail 189

PYMNTS

NOVEMBER 27, 2020

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Firms are also prioritizing security as they transact online more heavily as well.

Cards 197

Cards Security Tools Online 197

PYMNTS

OCTOBER 1, 2020

1) after the first major data report of the fourth quarter showed a continuation of America’s recent economic woes. Taken together, this trio of pre-holiday data has economists concerned, although not yet expecting the U.S. Expect A Holiday Of Online And Socially Distanced Shopping .

Data 238

Data Retail Online Report 238

PYMNTS

NOVEMBER 10, 2017

Retail secret sauce? Nicole Jass, Vantiv VP of Data Products, said in a recent interview with Karen Webster that data must be the core of that strategy. But not just any heap of data will do. It must be the right data, distilled and synthesized into something retailers can actually use to help aim their flying spaghetti.

Big Data 117

Big Data Data Retail Trends 117

PYMNTS

JUNE 8, 2020

Retail dispute management system Chargeback announced Monday (June 8) that it has closed a $6.6 Chargeback said the money will accelerate its growth and ability to help online and offline retailers decrease credit card disputes, achieve higher win rates and retain more revenue. million Series A1 funding round.

Retail 142

Retail Management Customer Experience Capital 142

PYMNTS

JUNE 14, 2017

Online fraud is no small problem for merchants, but a significant number of retailers do not spend enough time on the dual goals of streamlining the consumer data experience while weeding out possible fraudulent transactions. But differing consumer expectations around the issue of security present a challenge for retailers.

Retail 146

Retail Data Fraud Cards 146

PYMNTS

OCTOBER 25, 2017

Commerce-enabling technology provider First Data and international bankcard company UnionPay International announced Tuesday (Oct. 24) they had formed a new partnership to expand the acceptance of the UnionPay card in the U.S. to pay with their UnionPay chip, credit and debit cards at First Data merchant clients.

Data 100

Data Cards United States US 100

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. And then, after the transaction is made, there’s the task of understanding the byzantine codes and data that are tied to online statements.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

OCTOBER 20, 2020

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. percent of consumers will spend more than they did in 2019.

Online 159

Online Millennials Retail Chicago 159

PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Virtual Card Payment Trends.

Cards 151

Cards Security ATM Data 151