Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. The retailer combines the in-store and app experience to enhance the customer buying process. As expected, it was a great way to read the temperature of the banking industry. Home Depot was an interesting case study.

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Conference Retail Community Community Bank 100

PYMNTS

JULY 9, 2019

Automated retail might conjure up images of robot cashiers, but beyond a few convenience stores in Japan and Korea, that sci-fi development hasn’t yet become reality for the wider world. The latest Automated Retail Tracker explores these trends and new developments in the unattended retail space.

Retail 180

Retail Houston Minnesota Austin 180

PYMNTS

NOVEMBER 10, 2016

Contactless card payment usage in Europe continues to explode as more and more merchants accept this form of payment, according to a new study by consulting firm RBR. In a report dubbed “Global Payment Cards Data and Forecast,” the firm found that one in five card payments will be contactless by 2021.

Cards 181

Cards Study Payments Retail 181

PYMNTS

JANUARY 4, 2017

Once upon a time, investors in retail stocks counted cars in parking lots, measured mall foot traffic and kept an eye out for discounts to keep track of what the marketplace really looked like. That credit card data may be distorting the price of retail stocks — and making them oddly volatile. The problem? Today it is 1.5

Retail 100

Retail Data Cards Maine 100

PYMNTS

JULY 25, 2019

Recent days have brought new evidence of the importance of robust loyalty and rewards problems in retail, an areas of ongoing innovation, and a way for merchants of all types to stand apart in a fiercely competitive industry. Retail Card Programs. The move adds to Trax’s stable of retail tech. Value of Location.

Retail 132

Retail Cards Mobile Video 132

PYMNTS

MAY 29, 2019

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. The retailer said it is launching The High End, a luxury cannabis lifestyle and wellness concept shop.

Retail 186

Retail Las Vegas Leadership Industry 186

PYMNTS

MAY 12, 2016

consumers for the second year in a row, but while in 2015 (the first year of the Blackhawk study) 93 percent of respondents reported to have used it, the number dropped this year to 87 percent. Meanwhile, shares CSA, PayPal has emerged as the most popular digital payment option among U.S.

Cards 100

Cards Retail Payments Study 100

PYMNTS

AUGUST 26, 2019

Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption in the pharmacy business. The news represents the biggest round of store closures for Walgreens since 2015. But innovation efforts continue for retail pharmacy operations. Delivery Push.

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Innovation Retail United States ATM 136

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience. Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

OCTOBER 15, 2019

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. The hacked records were lifted from online portals as well as brick-and-mortar retailers over the past four years. In 2015, the website added 1.7

Cards 122

Cards New York City New York Data 122

PYMNTS

OCTOBER 5, 2016

It’s been a year since the EMV card reader deadline. Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. Florida-based B&R Supermarket Inc. Florida-based B&R Supermarket Inc.

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San Francisco Cards Company Florida 183

PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., The card giant said that, as of July of this year, 88 percent of its U.S.-based based consumer credit cards are chip cards, a tally that represents a 105 percent boost in chip card adoption since the liability shift took root on Oct. 1 of last year.

Fraud 100

Fraud Cards Customer Experience Regional 100

PYMNTS

SEPTEMBER 15, 2020

SBM Bank India , the Mumbai-based lender, and Mastercard have introduced a premium debit card for high-net-worth customers. SBM and Mastercard did not detail the costs. In May, Mastercard vowed to connect one billion people and 50 micro-businesses to the digital economy within five years.

Cards 150

Cards ATM Resources Tools 150

PYMNTS

NOVEMBER 20, 2018

In an organized retail crime (ORC) survey, the National Retail Federation found that 92 percent of respondents were victims of the practice in the past year. These criminals find new ways to expand their networks and manipulate the retail supply chain every day.”. The practice can come in a variety of forms.

Retail 110

Retail National Survey Fraud 110

PYMNTS

SEPTEMBER 8, 2016

New data suggests that they are buying more gift cards than ever before but then turning around and spending those cards on themselves. adults in June of this year to examine the shift in gift card consumers to prepaid and rechargeable cards issued directly from retailers.

Millennials 100

Millennials Cards Retail Survey 100

PYMNTS

MAY 10, 2017

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. To help combat these efforts and meet consumers preferred payment method demands, the retail POS terminal market will need to grow to bring down harmful actions.

Retail 120

Retail Marketing United States Fraud 120

PYMNTS

FEBRUARY 27, 2017

Wayfair, the online home furnishing retailer, benefited from its new wedding registry and private-label credit card in 2016. According to a report quoted by Internet Retailer , both initiatives enabled Wayfair to acquire new customers as well as boost loyalty among its existing base. million in the fourth quarter of 2015.

Cards 100

Cards Conference Retail Report 100

PYMNTS

NOVEMBER 13, 2019

Sustainable notions of commerce are moving ever more to the forefront of retail, and judging by shifting consumer trends — especially the preferences of younger consumers coming into their own — you can bet the trend will only get more intense in the coming years. And recent retail innovations would seem to bolster that point.

Retail 135

Retail Trends Innovation Cards 135

PYMNTS

JUNE 20, 2019

In a way, watching the emergence of legal retail marijuana in North America is like watching someone grow up. Not really a toddler or baby — even black-market sale of recreational and medicinal pot took on many traits of legitimate retail — but more like a once gawky teenager growing into a graceful, confident person. and Canada.

Retail 109

Retail Colorado United States Comparison 109

PYMNTS

JANUARY 23, 2017

In a report, Business Insider said Costco cards saw more than $52 billion in purchase sales during the first six months of the cards and more than $6 billion in loan growth. branded cards business growth. While Citi is enjoying a lot of growth since taking over the Costco card, it’s also resulting in an increase in costs.

Branding 100

Branding Cards Maine Analysis 100

PYMNTS

NOVEMBER 23, 2016

Nordstrom is broadening the scope of its B2B gift card operations by teaming up with prepaid card company CashStar. Using CashStar Business, Nordstrom is now offering Gift Cards for Business, a program that helps its business partners order Nordstrom gift cards and manage accounts. In an announcement Tuesday (Nov.

Cards 100

Cards Customer Experience Analysis Resources 100

Banking 2020

JANUARY 15, 2015

The retail banking industry has seen major changes occurring in the industry over the last few years with the adoption of mobile banking, the rise to prominence of the millennial demographic, narrowing margins, stagnant top line revenues, the future of the branch and continued regulatory changes. Digital Banking. Cyber vulnerabilities.

Retail 40

Retail Trends Millennials Mobile 40

PYMNTS

OCTOBER 31, 2016

Nine arrests have been made, with one person charged in relation to remote purchase card fraud. The Dedicated Card and Payment Crime Unit (DCPCU) and Police Scotland announced that the two U.K. agencies issued warrants through the second round of Retail Week of Action. 2015 and is 90 percent funded by the European Commission.

Fraud 100

Fraud Cards Retail Examples 100

PYMNTS

NOVEMBER 9, 2018

President Donald Trump, American Express has received the go-ahead to open up card-clearing services in China. China announced in 2015 that it would open its domestic processing market to outsiders, according to a report from Fox Business. Before a summit between China’s President Xi Jinping and U.S. China has about 6.7

Cards 188

Cards Groups Apple Operations 188

PYMNTS

NOVEMBER 22, 2019

Retailers are tapping into voice technology to help consumers order their favorite products such as restaurant takeout as they expand their artificial intelligence (AI) strategies. From 7-Eleven to Chipotle Mexican Grill, retailers are expanding their digital ordering strategy with the help of voice assistant technology. Kroger Co.

Retail 139

Retail Strategy United States Comparison 139

PYMNTS

MARCH 8, 2016

The company, which provides businesses and customers with travel cash and card payment solutions, said it would use the funds to move forward in the corporate travel and global payments arena. “As According to reports, FairFX reported 32 percent annual turnover growth in 2015. According to reports , FairFX Group secured nearly $7.5

Cards 100

Cards Marketing Strategies Strategy Resources 100

PYMNTS

JULY 3, 2017

In our latest Topic TBD, Bob Legters, SVP and chief product officer of Global Retail Payments at FIS , told Karen Webster that the big picture of loyalty amid a changing retail landscape is colored by small considerations, calibrations, speed and, of course, data.

Retail 113

Retail ATM Mobile Cards 113

PYMNTS

DECEMBER 11, 2020

Merricks alleges Mastercard is in violation of the European Union’s competition law because of the “interchange” fees charged to retailers for card use. The case is the first major lawsuit to move forward under the Consumer Rights Act 2015, which penalizes anti-competitive behavior. The high court in the U.K.

Retail 217

Retail Cards Policies Company 217

PYMNTS

NOVEMBER 1, 2019

According to the Eastern Europe B2C E-Commerce and Online Payment Market 2019 report, online retail sales in Eastern European countries continue a trend of double-digit growth rates this year, a release said. Cards are the most common means of online payment in Turkey, Russia and a few other Eastern European countries.

Online 101

Online Retail Regional Trends 101

PYMNTS

JANUARY 6, 2017

Gift cards — no longer gathering dust in envelopes stuffed in the backs of drawers or forgotten in purses. As reported in May last year, the startup debuted with a retail loyalty program that tracked and rounded up consumers’ purchases, adding a 15 percent bonus to bring rewards and subsequent redemptions at various retailers.

Cards 102

Cards Retail social media Fraud 102

Gonzobanker

OCTOBER 27, 2022

In early October, the Federal Reserve finalized a rule, known as Regulation II (Debit Card Interchange Fees and Routing), that requires every debit card transaction to have access to two unaffiliated payment card networks. The Federal Reserve reported that 23% of debit card transactions were CNP in 2019.

Cards 78

Cards Fraud Regulation Trends 78

PYMNTS

DECEMBER 30, 2016

This year has been big for retail — big on change, innovation and some surprises along the way. Consumers flocked to online and mobile commerce , robots rose in food and consumer goods , and brick-and-mortar stayed relevant with retail experimentation — pop – ups , flash sales , store-in-store and showrooms.

Retail 123

Retail Online Customer Experience Trends 123

PYMNTS

MAY 30, 2019

Visa said this week that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously. EMV” is shorthand for Europay, Mastercard and Visa chip cards. storefronts now accept chip cards, according to the data.

Fraud 198

Fraud Cards Data Payments 198

PYMNTS

APRIL 9, 2020

consumers who had shopped in a physical retail location during the previous week. percent in 2015 and 89.8 billion in sales in 2015 — a number that had grown to almost $47 billion by 2019 — the report states that “… sales projections are expected to climb modestly to $52.7 Between March 10 and March 18 PYMNTS surveyed 5,557 U.S.

Mobile 140

Mobile Apple Cards Millennials 140

Payments Source

OCTOBER 2, 2019

Recent reports that counterfeit card fraud is markedly down in the U.S. since the introduction of EMV chip cards in 2015 is fantastic news, except for retailers that also sell goods sells online. In that case fraud has merely moved from an in-store payment attempt to a card not present (CNP) one.

Fraud 122

Fraud Payments Cards Retail 122

PYMNTS

JULY 5, 2018

Much of North America remains anchored to major-brand credit cards. As digital technology keeps bringing new efficiencies to transactions, and more consumers around the world turn to eCommerce for retail and other purchases, an accompanying trend is making life interesting for merchants and payment providers.

Retail 108

Retail Payments Cards United States 108

PYMNTS

SEPTEMBER 9, 2016

New York State workers who get paid via prepaid card will have more consumer protections starting next year. The report noted that around 200,000 workers in the state get paid via debit cards, which has raised the ire of activists for years that have complained about concealed costs, high fees and other abuses. We’re extremely excited.

New York 100

New York Cards ATM Report 100