Bank Innovation

APRIL 19, 2017

Chinese consumers sent about $3 trillion in payments through Alibaba and Tencent payment services in 2016. According to a new report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in […].

Payments 305

Payments Report Online Mobile 305

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. That’s up from 9.6

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

DECEMBER 13, 2016

According to DynamicAction’s Retail Index: Holiday 2016 , retailers have increasing their promotions and offers by 52 percent this holiday season. By analyzing more than $8 billion in consumer transactions globally, the index found that more retailers are turning to deals, discounts and rewards than in previous years.

Retail 100

Retail Survey Millennials Training 100

PYMNTS

FEBRUARY 15, 2017

Given this fast consumer-driven nature, retailers can’t keep track. According to TimeTrade’s State of Retail 2017 Survey , retailers missed out on $150 billion in sales during the 2016 year by not catering to this consumer desire for a more personalized experience. We know consumers are willing to pay for better service.

Retail 117

Retail Survey Trends Examples 117

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

AUGUST 12, 2016

It’s never been easy to work in retail, but 2016 has been a particularly tough time for retail workers since the only thing tougher than working in retail, is to suddenly find oneself not working in retail. “The traditional retail industry in some respects is facing Armageddon.

Retail 100

Retail Study Online Industry 100

PYMNTS

MAY 5, 2016

In fact, in Q1 2016, Chapter 11 filings from commercial companies actually fell 5 percent across the board. Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Such is the double-edged sword of a retail industry swept up in innovation. January — Wet Seal.

Retail 100

Retail Branding Denver Management 100

PYMNTS

DECEMBER 30, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of An Incredible Shift In Retailer And Consumer Expectations. The two go hand in hand from a payments perspective.

Retail 129

Retail eBook Payments blockchain 129

Chris Skinner

DECEMBER 12, 2016

Things we’re reading today include … Exclusive: SWIFT confirms new cyber thefts, hacking tactics Fed gives banks five years to comply with Volcker Rule limits City watchdog to review mortgage market competition $1,570,000,000,000: how much the world spent on arms this year Barclays exits retail banking in Europe after selling off last (..)

Retail 150

Retail Marketing 150

PYMNTS

JANUARY 16, 2018

One might just call this the age of unattended retail. Increasingly, retailers and other merchants are looking to give customers a more convenient and efficient experience by offering products and services via unattended kiosks. million in 2016. accounting for a combined 35 percent of machines in the field as of 2016.

Retail 187

Retail Industry Data Florida 187

Chris Skinner

OCTOBER 13, 2016

Why Brexit has shaken up the banking rivalry Wells Fargo complaints show flaws in federal whistleblower program Deutsche says wealth management outflows not significant China tops US in numbers of billionaires Wells Fargo’s new CEO faces immediate test Retailers and issuers are still battling over … The post Things worth reading: 14th October (..)

New York 150

New York Retail US Management 150

PYMNTS

DECEMBER 17, 2020

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its fiscal 2021 third quarter results that revenues rose by 12 percent. Fashion Retailer rue21 Strikes Deal To Retire Debt. Clothing retailer rue21 (r21 Holdings, Inc.) million members.

Retail 226

Retail Report Company Pennsylvania 226

Chris Skinner

SEPTEMBER 12, 2016

Things we’re reading today include … Deutsche Bank boss tells staff to think like a tech firm, if they keep their jobs HSBC retail head sees more bank partnerships with financial tech firms UK regulators seen as fintech friendly Chancellor dismantles key Osborne pledge to cut corporation tax Bitcoin technology offers hacker protection Bank (..)

Bitcoin 150

Bitcoin Taxes Regulation Fintech 150

Chris Skinner

AUGUST 22, 2016

Things we’re reading today include … Bank branch closures trigger high street alarm bells Establishment has much to learn from new breed of retail banks This is how scammers are using iPods to steal your bank details FCA reviews blockchain companies BBVA warns bonus cap hurts tech push U.S.

blockchain 150

blockchain Retail Company 150

Chris Skinner

AUGUST 10, 2016

Things we’re reading today include … CMA outline plans to ‘radically change’ retail banking The competition watchdog is letting the banks off the hook Q&A: Banking reforms Brexit latest ‘Project Sauron’ malware hidden for five years Old Mutual sells £238m Italian wealth arm as part of separation Money laundering (..)

Retail 150

Retail Cards 150

PYMNTS

DECEMBER 30, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The “Ecosystem,” Redefined. The payments ecosystem is being redefined.

eBook 140

eBook Payments Customer Experience Retail 140

PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.

Retail 172

Retail Online Study Meeting 172

PYMNTS

MARCH 31, 2020

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless. And Amazon and 7-Eleven aren’t alone.

Retail 140

Retail Texas Illinois Seattle 140

Chris Skinner

JUNE 30, 2016

Things we’re reading today include … Markets shift after Carney speech Visa, MasterCard $7.25

Retail 196

Retail Marketing 196

PYMNTS

JANUARY 23, 2019

this year as the leading retail market around the world. According to eMarketer’s worldwide retail and eCommerce forecast, in 2019 China’s total retail sales are forecast to increase 7.5 That compares to retail sales in the U.S. That means China’s retail sales are expected to surpass the U.S. percent of retail.

Retail 181

Retail Marketing US Online 181

Chris Skinner

DECEMBER 4, 2016

A summary of the main blogs of the week … What do retail customers want? We talk about digital, apps, mobile … The post The Finanser’s Week: 27th November – 4th December 2016 appeared first on Chris Skinner's blog. It made me think about what do customers really want?

Maine 150

Maine Retail Mobile Marketing 150

PYMNTS

MAY 16, 2016

The retail sector in the region grew by 209 percent from $4.4 According to recent data from the Associated Chambers of Commerce & Industry of India, the country’s eCommerce economy will reach $38 billion in annual sales by the end of 2016. billion in 2010 to $13.6 billion in 2014, more than tripling in fewer than five years.

Retail 100

Retail Marketing Online Mobile 100

PYMNTS

OCTOBER 13, 2020

Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country. Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct.

Retail 130

Retail United States Millennials Branding 130

PYMNTS

NOVEMBER 19, 2020

Dutch retailer Ahold Delhaize — owner of grocery behemoths Giant and Stop & Shop — has acquired a majority stake in supermarket delivery startup FreshDirect amid an online shopping surge propelled by COVID-19. “We Delhaize, founded in 2016 from a merger of Ahold and Delhaize Group, is among the biggest supermarket operators in the U.S.

Retail 153

Retail New York City New York Operations 153

PYMNTS

NOVEMBER 6, 2018

6) that it has acquired StopLift Checkout Vision Systems, an intelligent computer vision system, to combat theft in the retail business. In addition to creating new value for our retail customers around the world, StopLift’s fraud detection technology will be a key enabler of our frictionless commerce product strategy.”.

Retail 144

Retail Fraud Massachusetts Technology 144

PYMNTS

MARCH 2, 2020

Retailers may be focused on the wrong metrics. Banking and retail put the most emphasis on return on investment (ROI). Moorman’s views on appointing C-level personnel to manage the customer experience are somewhat at odds with other prevailing retail approaches. “A One explanation?

Customer Experience 151

Customer Experience Retail social media Survey 151

PYMNTS

FEBRUARY 8, 2019

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. billion and also smashing the 2016 record of 19.7 People said they would spend an average of $161.97 on the holiday, which is up 13 percent from last year’s total of $143.56 and also topples the high of $146.84

Retail 150

Retail Survey Analytics Cards 150

PYMNTS

MARCH 29, 2020

Call it the retail gap that eCommerce can only partly fill. the lowest showing since October 2016, according to CNBC. But eCommerce can only go part way, not the whole distance, in offsetting a devastating hit to retail as we have known it. Earlier this month, a record number of Americans — 3.3 in March, down from 92.1

Retail 205

Retail Survey Course Study 205

Chris Skinner

JANUARY 25, 2017

Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and … The post The biggest innovations in retail banking (research) appeared first on Chris Skinner's blog.

Innovation 150

Innovation Retail Trends Technology 150

PYMNTS

JUNE 5, 2019

It’s not enough to just be a retailer these days, it seems. The retail chain reportedly has been in discussions with Triad Retail Media , the retail advertiser owned by WPP PLC, to acquire it. WPP had purchased Triad for about $300 million in 2016 from Rockbridge Growth Equity, the private equity firm.

Retail 165

Retail Video Google Branding 165

Bank Innovation

DECEMBER 18, 2018

In retail that happened some time ago — for example, consumers not only expect to be able to shop in person or online, they expect to be able to view merchandise in stores and purchase it online (or […].

Examples 186

Examples Online Retail 186

PYMNTS

DECEMBER 29, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Michelle Tinsley, director of mobility and secure payment solutions, internet of things group, retail solutions division at Intel ….

Payments 125

Payments eBook cryptocurrency Retail 125

PYMNTS

DECEMBER 26, 2019

Change came from various areas for retail in 2019. Retail merchandising was, at best, a hit-or-miss system in its heyday, Nextail CEO and Co-Founder Joaquin Villalba told PYMNTS in a recent conversation. Analytics, too, was another hot spot for retail change in 2019 and will continue to be for the 2020s. Role of Data.

Retail 132

Retail Trends Analytics social media 132

PYMNTS

JANUARY 24, 2020

But no matter the case, music is a big part of the retail world, and is helping to create new harmonies of innovation and disruption. Apple isn’t the only band on the radio when it comes to changes in music retail in early 2020. Others don’t. New Partnerships and Services.

Retail 151

Retail Innovation Apple San Jose 151

Bank Innovation

FEBRUARY 29, 2016

In a sign of the times in consumer lending, Auto Finance News today announced the launch of Auto Finance Innovation 2016, a new industry forum to explore the fintech revolution and how it is reshaping automotive lending and leasing.

Innovation 150

Innovation Lending Fintech Industry 150

PYMNTS

SEPTEMBER 6, 2017

But what hasn’t been so deeply explored is how that technology can help food producers and retail firms collaborate more deeply, helping both succeed and strengthening the industries that power them. In 2016, overall retail sales climbed just 2.1 In 2016, overall retail sales climbed just 2.1

blockchain 197

blockchain Retail Technology Industry 197

PYMNTS

JULY 30, 2019

One of the biggest retail stories as we head into 2020 is how India is a battlefield of digital commerce, along with a hotbed of retail innovation. The company was founded in 2016. The eCommerce retailer is said to be working with Catamaran and has started hiring workers for the operation per unnamed sources, Reuters reported.

Retail 108

Retail social media eBook Report 108