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How Retailers Drive Innovation With Subscriptions (And Payments)

PYMNTS

Brick-and-mortar retailers, as well as online merchants, are offering consumers all sorts of products and services through the subscription business model, from movies to tea. Some entertainment innovators are also rolling out new subscription services. And retailers are offering innovative subscriptions for all sorts of products.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness

PYMNTS

Financial institutions (FIs) are therefore expected to offer more contactless cards this year and some are also unveiling services intended to help consumers easily add cards to their digital wallets. consumers to shift as much as $100 billion in annual spending from credit to debit cards. Around the Next-Gen Debit World.

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Why 7-Eleven Is Betting On Voice Commerce To Keep Customers Loyal

PYMNTS

As the company’s chief digital officer, Sethia and his team have built what is arguably the most valuable loyalty program in retail with more than 33 million members. Because it’s at the fuel pump that Sethia and his team have made their latest customer innovation. We were the first ones to have a gas station.”. Can we connect those?

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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

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NEN Widens USAT Partnership For Cashless Payments Growth

PYMNTS

For more than 30 years, NEN has grown its business by bringing the best service and most innovative amusement machines to our customers, while keeping pace with the changing needs and preferences of consumers,” said Jim Sevalt, president and chief operating officer of NEN. NEN already uses the payments solution on 400 of its machines.

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Mastercard, Instacart To Provide Grocery Delivery Benefits To Cardholders

PYMNTS

The feature is also available for debit, small business and prepaid card users, according to the announcement. Instacart, a San Francisco-based startup, partners with more than 400 retailer chains to offer delivery and pickup of groceries from more than 30,000 stores across 5,500 cities in the U.S. Florida; and Texas.