PYMNTS

OCTOBER 23, 2020

The firm especially saw gains in non-travel and expense card-not-present activity related to categories such as retail. CNP And Retail Spend . For non-T&E spend, global consumer online spending rose 20 percent year on year, while offline spending was down 13 percent. billion for the quarter, down from $88.1

Retail 176

Retail Online Cards Company 176

CFPB Monitor

OCTOBER 5, 2022

On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. The final rule will be effective July 1. Given this continued uncertainty, I do not support the final rule.”.

Regulation 78

Regulation Cards Community Bank Community 78

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

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

MARCH 14, 2020

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Conservative estimates put online sales at $630 billion this year. According to online security company Signal Sciences , eCommerce retailers deal with an average of 206,000 web attacks per month.

Fraud 230

Fraud social media Online Retail 230

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

SEPTEMBER 18, 2020

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. And 60 percent of surveyed firms selling across online marketplaces would take their business to one that offers real-time settlement.

Online 354

Online Survey Maine Study 354

PYMNTS

JANUARY 19, 2021

Blackbird customers will have access to an online pre-pay option for ordering items for delivery or curbside pickup. Because of the cannabis industry’s federal illegal status, taking traditional card payments isn’t possible for most businesses. The Blackbird and AeroPay relationship is one of the partnerships trying to change that.

Online 145

Online Retail Operations Payments 145

PYMNTS

MARCH 6, 2019

If there’s one word that defines it all (what consumers and merchants want, and are pursuing in a world where omnichannel is a Holy Grail across brick-and-mortar and online activity), it would be “frictionless.”. Nowadays, one’s card is on file with the ride-hailing service.

Retail 148

Retail Payments Online Course 148

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

JULY 28, 2020

consumers did at least some shopping online as of April 11 — a figure that had risen to 35.7 Consumers are also changing how they pay for their purchases, with a recent study finding that debit card spend was up 11.7 Debit cards are also being used to more quickly pay workers who need fast compensation now more than ever.

Cards 212

Cards Rhode Island Payments Online 212

PYMNTS

AUGUST 28, 2019

Retailers seeking to provide rapid deliveries face an ever-moving target as consumers’ definition of speed evolves. A significant share of Generation Z consumers — those aged 18 to 25 — are turning to buy online, pick up in store ( BOPIS ) purchasing models to meet their speed needs. Quick Access and Impulses.

Retail 108

Retail Online Study Alaska 108

PYMNTS

JANUARY 19, 2021

Blackbird customers will have access to an online pre-pay option for ordering items for delivery or curbside pickup. Because of the cannabis industry's federal status as an illegal one, taking traditional card payments isn't possible for most businesses.

Online 131

Online Retail Operations Software 131

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. Uber reported its earnings last week.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

MAY 6, 2020

CEO Jack Dorsey noted on the earnings call that new and existing sellers continued to transition from in-store commerce to online channels, aided by curbside pickup and delivery. As of April 20, Square Online Store weekly GPV was $59 million, up fivefold since earlier in the year.

Online 175

Online Bitcoin Capital Payments 175

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

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

AUGUST 28, 2020

Gourab Basu , vice president of global network processing at Visa, tells PYMNTS how deep learning keeps card (and card not present) transactions flowing. New Report: Helping Retail Treasurers Navigate The Digital D2C Shift (“How To” Playbook). Chipotle’s Chief Restaurant Officer On What’s Next For Restaurants.

Retail 208

Retail Los Angeles San Francisco Online 208

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

MAY 8, 2020

The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. And, she added, for merchants that already had an online presence, there’s been a marked volume swing.

Cards 260

Cards Fraud Online Operations 260

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 17, 2020

Although the digital shift brought on by the pandemic has rapidly reshaped the entire retail industry, its impact on the grocery segment in particular has been especially pronounced. percent of all consumers have switched from in-store to online shopping. percent make at least one of their routine grocery purchases online.

Fraud 330

Fraud Online Cards Retail 330

PYMNTS

MAY 14, 2020

Flexibility will be essential to survival, and the pressure is on for small- to medium-sized businesses (SMBs) and financial service providers to migrate online as their customers continue social distancing. But for many businesses, that presents a new chance to pivot or adjust business strategies. Pinpointing the Opportunity.

Online 174

Online Industry Retail Strategy 174

PYMNTS

FEBRUARY 6, 2020

and has attracted more than 3,000 retailers to its partnerships. Sykes believes the attraction of online companies and uber-retailers it simple at one level. Klarna has melded New York Fashion Week glitz with experiential retailing this year. The changes in fashion retail are being driven by three dynamics.

Retail 142

Retail New York Branding Millennials 142

PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Total retail growth was 3.8

Retail 183

Retail Millennials Cards social media 183

PYMNTS

DECEMBER 16, 2019

Mastercard is partnering with CleverCards and Appreciate Group to offer gift cards directly to mobile wallets, Mastercard announced in a press release on Monday (Dec. The Select Digital Gift Card can be sent immediately by email, text or messaging app, and is available now as a last-minute Christmas present. billion in 2019.

Cards 131

Cards Mobile Groups Compliance 131

PYMNTS

JUNE 20, 2017

As the popularity of online shopping continues to rise, it comes as no surprise that there has also been an uptick in card-not-present purchases. Worldwide, eCommerce card payments generated $2.7 billion purchases were made by credit and debit cards. card-not-present transactions numbers. In 2006, 6.7

Online 131

Online Cards Study Mobile 131

PYMNTS

JUNE 16, 2016

It’s no wonder why retailers love gift cards – they are known to drive foot traffic, increase revenue, boost their customer base and complement retention efforts. But as consumers continue to move toward a digital option for their gift card needs, could a retailer’s dream turn into an actual nightmare?

Retail 100

Retail Cards Fraud Data 100

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. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

Cards 151

Cards Security ATM Data 151

PYMNTS

JANUARY 11, 2021

That network, in combination with Equifax, will use advanced technologies to connect data “signals” that stem from 32 billion online interactions, five billion annual transactions and 17 billion unique devices across the globe, as the company said in its announcement tied to the acquisition. The deal is anticipated to close in Q1 of 2021.

Fraud 158

Fraud Online ATM United States 158

PYMNTS

JUNE 17, 2019

Is the store register on its way out in favor of other retail and payments innovation? In case you didn’t hear, Target faced a register outage that lasted for about 90 minutes on Sunday (June 16), which meant the retail chain couldn’t process cards or other forms of payment.

Retail 138

Retail Payments Metro Software 138

PYMNTS

JANUARY 9, 2018

That data strongly indicates 88 percent of consumer pre-research their buys online before making a purchase either online or in-store. As has been the case in the past, the typical online shopper breaks down into some fairly expected demographic categories. According to D.J.

Online 138

Online United States Mobile Data 138

PYMNTS

AUGUST 18, 2020

Census Bureau reported that retail eCommerce sales for the second quarter, on an unadjusted basis, stood at $200.7 That jump comes at total retail sales were $1.3 Online sales, then, stood at 15.1 Online sales, then, stood at 15.1 percent, even as total US retail sales slipped 3.4 To that end, on Tuesday (Aug.

Retail 289

Retail Cards Online Data 289

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

Fraud 131

Fraud Cards Tools ATM 131

PYMNTS

JANUARY 18, 2020

What makes the story stand out among the reams of local retail crime reporting is that the crime was actually committed. Botched crimes in local retail are common. Organized Crime’s Physical Retail Expansion . Brown rejected suggestions that it could be a current or past employee, telling local news affiliates, “It was a pro.”.

Retail 147

Retail Colorado Cards Report 147

PYMNTS

AUGUST 13, 2019

Not only is it a big time for retail but, in a sense, a kind of dress rehearsal for the upcoming all all-important holiday shopping season. Retail back-to-school spending for families will hit an average of $696.70 last year, according to the National Retail Federation , a trade group. this year, up from $684.79 Amazon Effort.

Retail 127

Retail Innovation Course Trends 127

PYMNTS

SEPTEMBER 14, 2020

PYMNTS latest Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company, notes, “Many shoppers are turning to options like contactless debit cards that can be waved over POS terminals, or they may be steering clear of brick-and-mortar locations altogether by simply buying their items online or via apps.”.

Cards 144

Cards Retail Examples Payments 144