Bank Innovation

JANUARY 26, 2018

launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.

Retail 262

Retail Video Digital Banking Bitcoin 262

PYMNTS

JULY 6, 2020

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . Safety Concerns Encourage Contactless Card Use . consumers’ POS transactions were contactless in 2016, and only 3.5 percent of U.S. percent of U.S.

Cards 130

Cards Survey Examples Retail 130

PYMNTS

DECEMBER 8, 2019

The Apple Card is planning to offer 0 percent installment financing on iPhones by the end of 2019, 9to5Mac reported on Saturday (Dec. During Apple’s October earnings call , chief executive officer Tim Cook hinted that the Apple Card was planning 24-month 0 percent financing for iPhone purchases. Apple Card?

Apple 139

Apple Cards Branding Retail 139

PYMNTS

NOVEMBER 3, 2019

Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. According to regulatory filings made public this week, Apple Card? There are no fees with the card, and it integrates with Apple Pay and the iOS Wallet app.

Apple 129

Apple Cards Branding Retail 129

PYMNTS

NOVEMBER 3, 2019

Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. According to regulatory filings made public this week, Apple Card? There are no fees with the card, and it integrates with Apple Pay and the iOS Wallet app.

Apple 127

Apple Cards Branding Retail 127

PYMNTS

NOVEMBER 14, 2018

Online shopping is on a tear, and marketplaces are reaping the rewards. billion — online payments were completed in the U.S. in 2016, the most recent data available. In the post, Shopify wrote, “by accepting Venmo directly in your online store, users can complete their purchase in just a few clicks. trillion.

Retail 131

Retail Payments Apple Online 131

PYMNTS

NOVEMBER 27, 2017

Thanksgiving was a time to buy for a lot of Americans, with online shoppers spending $2.9 According to a news report in Recode , citing Adobe Analytics – the research firm that tracks 80 percent of online transactions from 100 of the leading retailers in the U.S. billion on the holiday alone.

Online 100

Online Analytics Retail Mobile 100

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

PYMNTS

NOVEMBER 20, 2017

In the course of just three days, we’ve gone from Walmart the slumbering retail giant to Walmart the savvy retailer that’s now Amazon’s number one rival — one that’s even making Amazon sweat — well-positioned to challenge Amazon ’s retail rampage. Of course, the Amazon/Walmart rivalry has always made for good media sport.

Retail 137

Retail Mobile Online Cards 137

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. That compares to $685.6

Cards 100

Cards Conference Retail Report 100

PYMNTS

JULY 17, 2019

The second Payment Services Directive ( PSD2 ) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. 14, 2019, to be exact. To some degree.

Retail 162

Retail User Experience Compliance Regulation 162

PYMNTS

NOVEMBER 4, 2019

Goldman Sachs is the lead investor in a $50 million funding round for credit card startup Deserve, CNBC reported on Monday (Nov. Deserve offers credit cards to nontraditional consumers and sells its cloud-based platform to companies wanting to launch their own branded cards. Bloom said in a press release at the time.

Cards 101

Cards New Jersey Branding Apple 101

PYMNTS

FEBRUARY 16, 2017

While consumers have had the ability to price compare online for years, Volkswagen is upping the ante with its latest news. The German-based car dealership began testing the waters of online car buying this past December by allowing Denmark citizens to purchase its up! percent uptick in 2016 car purchases. minicar on the web.

Online 100

Online Trends Cards Marketing 100

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The End of Excessive Card Surcharges.

Online 112

Online Payments Fraud Cards 112

PYMNTS

NOVEMBER 18, 2016

18), which revealed the ongoing risk retailers face of coordinated and sustained fraud losses. We’re heading into our second holiday season with more retailers EMV ready, which means CNP fraud becomes a lot more attractive to organized and tech-savvy criminals. Retailers can approve up to 98.59

Fraud 100

Fraud Retail Cards Data 100

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016.

Fraud 150

Fraud Data Cards Retail 150

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 14, 2020

Friendly fraud has been on the rise for years, with customers contacting their banks to falsely assert that their credit cards have been used online for unauthorized purchases. Undeserved chargebacks are no trivial issue, either, as the number of such false claims rose 41 percent between 2016 and 2018.

Fraud 176

Fraud Retail Cards Examples 176

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

Bank Innovation

SEPTEMBER 27, 2016

Consumer card transactions will overtake cash transactions for the first time in 2016, according to global research firm Euromonitor International. Cash is expensive to manage and is extensively used in the underworld.

Cards 150

Cards Fraud Management Online 150

PYMNTS

JANUARY 19, 2018

Wells Fargo has fixed a glitch that caused online bill payments to be processed twice, infuriating customers who had their accounts inadvertently overdrawn. “On million fake accounts in the retail banking units. On January 17, an internal processing error caused temporary double posting of some items, impacting some customers.

Online 102

Online Payments National Retail 102

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Online Checkout Conversion. Get all of the details here.

Trends 100

Trends Retail Fraud Mobile 100

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

Innovation 150

Innovation Seattle Fintech Company 150

PYMNTS

FEBRUARY 1, 2019

Items available for sale will range from the Air Force 1 drops to The Ten Collection — items that Nike said in an online post are “specific to Atlanta’s vibe.” Beyond the pop-up shop, the retailer is opening a “Studio of Dreams” Super Bowl Content Studio on the same block. It makes that purchasing much easier.”

Atlanta 127

Atlanta Retail New York City New York 127

PYMNTS

MAY 2, 2017

A business run by self-proclaimed nuns is making a living by selling “healing” pot online. In 2016, Sisters of the Valley generated roughly $750,000 in sales of its line of salves, tinctures and oils derived from hemp, a type of cannabis plant that contains only trace amounts of the psychoactive ingredient in weed. “No

Online 129

Online Policies US Security 129

PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. The company said it didn’t have any indication that the attacks were successful in stealing any credit card information.

Study 185

Study Cards Security Retail 185

PYMNTS

FEBRUARY 13, 2020

The bank’s tech needs range from new products such as the Apple Card to its growing dependency on cloud infrastructure. In separate news, reports surfaced in November that Goldman Sachs said it doled out approximately $10 billion in credit lines in just over month for the Apple-branded credit card. Apple Card?

Apple 161

Apple Cards Training Branding 161

PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards.

Cards 100

Cards Fraud ATM Maine 100

PYMNTS

APRIL 19, 2016

Since the cutover to EMV in October, fraudsters have moved their business online. The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. online merchants and how that changes over time. It’s official. And we can tell you just how much.

Fraud 100

Fraud Online Trends Regional 100

PYMNTS

OCTOBER 19, 2016

Out of the ever-growing list of things retailers have as priorities, stopping fraud — not selling more goods and services — has now claimed the online retailer’s top spot. That’s the finding of Forrester’s 2016 “State of Retail Payments 2016” report. The Shifting Fraud Focus.

Retail 100

Retail Fraud Customer Experience Data 100

PYMNTS

MAY 25, 2020

Consumers are going online for commerce consistently, and they will not come back to previous, pre-pandemic behaviors. Fear: Consumers are scared, and that fear is driving them to shop for retail goods online. percent of consumers grocery shopping online and 16.1 percent who order from restaurants online.

Data 183

Data Retail Online Mobile 183

Let's Talk Payments

SEPTEMBER 16, 2016

New survey of national online retailers from Ingenico ePayments and InternetRetailing reveals an awareness of the benefits of localization but dissatisfaction with current capabilities London, UK – 13 September 2016.

Online 40

Online Retail Survey National 40

PYMNTS

MARCH 3, 2020

His resume includes co-founding Citrus Payment Solutions, which PayU India later acquired for $130 million in an all-cash deal in September 2016. He held that job from 2016 through 2019. based payment hardware retailer NCR Corporation. Citrus Pay was funded by Sequoia India and was one of the country’s largest FinTech brands.

San Francisco 130

San Francisco Payments Retail Fintech 130

Bank Innovation

JUNE 23, 2016

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

Innovation 284

Innovation Company social media Operations 284

PYMNTS

OCTOBER 26, 2016

As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments. ” Biometrics coming on big.

Security 100

Security Mobile Las Vegas User Experience 100

PYMNTS

JUNE 26, 2017

Online retail sales in the U.K. Between 2015 and 2016, U.K. Stemming from Interactive Media in Retail Group’s research, eCommerce sales in the U.K. Stemming from Interactive Media in Retail Group’s research, eCommerce sales in the U.K. billion purchases to 2016 at 16.4 The drivers of the U.K.

Retail 162

Retail Online Google Mobile 162

PYMNTS

DECEMBER 30, 2019

The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions. Grab, which started out as a ridesharing company, has been introducing finance apps and payment solutions since 2016. Grab also recently said it wants to expand into artificial intelligence.

Digital Banking 134

Digital Banking Groups Online Regional 134