PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times.

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Cards Payments Taxes Study 188

PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S. A notable $730 billion in U.S.

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Bank Innovation

NOVEMBER 15, 2017

In addition to fireside chats, startup demos, and general sessions, Bank Innovation’s 2018 conference has added a pre-conference workshop on how to build an innovation team, added even more time […].

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Conference Innovation Fintech How To 225

PYMNTS

JULY 5, 2020

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. The GSA is estimated to spend around $6 billion per year on open market credit card purchases.

Online 149

Online Retail Washington Fraud 149

Bank Innovation

NOVEMBER 10, 2017

EXCLUSIVE- Is the prepaid card market saturated? In 2018, we will likely see fewer cards, but an increase in dollar loads,” Brown told Bank Innovation. Not quite, based on insights Sue Brown, director of prepaid debit advisory service at Mercator Advisory Group shared with Bank Innovation. “In

Cards 186

Cards Innovation Groups Marketing 186

PYMNTS

MARCH 1, 2019

Russia’s trade associations have accused Visa and Mastercard of abuse of market power in the country. Reports state the complaint is focused on interchange fees – the amount paid by the lender servicing a trade outlet to the lender that issued the card. In the U.S. last month, they agreed to provide roughly $6.24 In the U.S.

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Marketing Cards Retail California 128

PYMNTS

FEBRUARY 19, 2019

Digital disbursements are appearing in unexpected markets , such as sports betting platforms and boatsharing sites. Data: 700 million: The number of active annual Alipay users exceeded this figure in 2018. taxpayers who received federal tax refunds via direct deposit as of May 2018. million: The number of U.S.

Data 109

Data Marketing Taxes Video 109

PYMNTS

JANUARY 23, 2019

This marks a change for Target — a retailer that had, up to this point, enabled mobile pay only for its own mobile wallet app and the Target-branded REDcard linked to it. For the How We Will Pay 2018 Edition , PYMNTS and Visa conducted its annual study of U.S. Target will enable this feature at checkout at all 1,800 of its U.S.

Cards 171

Cards Mobile Study Retail 171

PYMNTS

MARCH 2, 2020

Retailers often need additional coverage during peak holiday shopping periods, hospitals may need substitutes for nurses on paternity leave and construction companies might need to increase staff for sizable projects. The United States’ tight labor market exacerbates competitive tensions for such agencies, though. rose from 3.1

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Cards ATM United States Payments 130

PYMNTS

FEBRUARY 11, 2020

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. The company says 56 million women bought secondhand items in 2018, up from 44 million a year earlier. Nordstrom joins other department stores in the resell market.

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New York City Marketing New York Los Angeles 124

PYMNTS

APRIL 10, 2020

Fruit Street – a virtual one-stop-shop specializing in digital diabetes diagnosis and treatment – has partnered with vegetarian meal kit purveyor Purple Carrot to add a retail angle to its health advisory service. We support billing, scheduling, credit card processing, unlimited training and customer support.”.

Retail 242

Retail Guidelines User Experience Branding 242

PYMNTS

MARCH 25, 2019

After posting better-than-expected fourth-quarter earnings results, commercial payments firm WEX announced plans to acquire the fuel card assets of EG Group, Go Fuel Card. In a press release on Monday (March 25), WEX said it will acquire Go Fuel Card, the fuel card operations of the European fuel station EG Group.

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Strategy Cards Groups Operations 148

PYMNTS

NOVEMBER 5, 2019

October retail spending was up 0.6 compared to October 2018, in spite of the turmoil over Brexit and the upcoming general election, the Financial Times reported on Monday (Nov. percent increase in the 12 months leading up to October, according to data by the British Retail Consortium and accounting firm KPMG. In the U.S.,

Retail 101

Retail Data National Cards 101

PYMNTS

JANUARY 9, 2020

The program is housed in an app that will provide users with a photorealistic AR experience in a 360-degree virtual environment, where they can interact with a number of displays that educate them on the features of their card. To begin, the users must scan their cards on their phones. Power 2018 U.S. According to the J.D.

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Cards Examples Regional Apple 131

PYMNTS

JANUARY 4, 2018

Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. In comparison to a market like China’s, it’s glacial. trillion — compared to the $112 billion market in the U.S., It hasn’t been easy. percent to be exact).

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Mobile Apple Samsung Cards 109

Bank Innovation

MAY 20, 2019

As a growing number of consumers swap out cash for mobile or card payments, ATM numbers globally have begun to fall. It claims global ATM numbers fell by 1% in 2018 to 3.24 based consultancy and research firm RBR reported today that the number of ATMs worldwide fell for the first time. million, driven by […].

ATM 170

ATM Trends Marketing Mobile 170

PYMNTS

SEPTEMBER 29, 2020

In today’s top retail news, holiday spending is expected to be flat this year, Bed Bath & Beyond rolls out same-day delivery and Target goes up against Amazon Prime Day with “Deal Days.” Q4 Outlook: Consumer Mindset Is The Wild Card. Also, J2 Global has agreed to buy RetailMeNot. But these are the easy points. Walmart Inc.

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Meeting Retail Minneapolis Seattle 134

PYMNTS

NOVEMBER 9, 2018

The ascent of eCommerce and the digital tools that support it have made it easier — in both theory and practice — for retailers to not only see how consumers browse and what they buy (to analyze the entire path to purchase), but to get to know them in the same ways as those old-time general store operators who served small towns.

Innovation 174

Innovation Retail Maine Security 174

PYMNTS

MAY 7, 2019

Citigroup is the world’s largest credit-card issuer, with about 28 million customers, but the gap between its credit business and retail banking has grown larger. To combat this, Citi has begun testing perks for credit cards to encourage customers to get other banking products.

Cards 143

Cards Digital Banking Retail US 143

PYMNTS

JANUARY 23, 2019

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. 22) as company executives gave an update of its card deal with Walmart. The financial institution (FI) said that, as of the end of Q4, the domestic card loans ending balance stood at $107.4

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Capital Cards Branding Conference 156

PYMNTS

JANUARY 10, 2018

For example, over the last two years, Mastercard has moved its focus from start-ups that are still quite nascent, to those that have taken important steps to grow by raising funds, putting an actual product in market and beginning to scale. “And our goal is to find the opportunities to work together with start-up companies.”.

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Company Meeting Millennials blockchain 194

PYMNTS

MAY 21, 2019

retailer Iceland has seen encouraging results from a mobile wallet technology pilot during a marketing campaign. Retail categories that saw the highest transaction share included restaurants, apparel, gas, grocery and specialty retail. Users who reside in Belgium, the U.K., And in the U.K.,

Apple 108

Apple Retail Mobile National 108

PYMNTS

JUNE 27, 2019

That sense of hope is a big part of childhood, and it applies as well to retail aimed as children, as least going by current developments involving Toys R Us. That news is another recent development in the world of children’s retail, where innovation continues. Market Void. Retail Recommendations. Hope springs eternal.

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Retail Innovation US Report 124

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Cards 141

Cards Payments Security Fraud 141

PYMNTS

DECEMBER 19, 2018

The challenge now, in the wake of all that momentum, is sorting through the confusion that comes along with a hot market segment filled with a number of variations on the disbursements theme. That one bite is via a card that almost everyone has in their wallets today. That’s the good news, Edwards noted.

Payments 171

Payments Customer Experience Cards Retail 171

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2 And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion.

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Cards Data Training Community Bank 131

PYMNTS

FEBRUARY 8, 2018

To stay on trend, retailers and merchants can turn to existing apps like Facebook Messenger or Apple’s iMessage to drive sales. But don’t be fooled: The experience doesn’t feel like contextual marketing. “If Gift Card Popularity. Consumers want gift cards,” Gilbert said. Everyday Occasions. Gilbert said.

Cards 105

Cards Retail Strategy Marketing 105

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2 And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion.

Cards 130

Cards Data Training Community Bank 130

PYMNTS

JANUARY 2, 2019

The holiday sales season is nearly done for 2018, and it’s so far so good — particularly for eCommerce. But will 2018’s strong seasonal spending portend a happy commerce new year for retailers? 2,225: The amount bridge millennials spend on average each year on retail purchases.

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Millennials Fraud Maine Retail 158

PYMNTS

NOVEMBER 15, 2018

According to Market Watch , a new report by Piper Jaffray found that teens would rather have those items than cash or gift cards. In addition, the National Retail Federation (NRF) has found that consumers are expected to spend an average of $1,007.24 The top item on U.S. teenagers’ wish list is Apple ’s latest iPhone.

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Apple Video Retail Branding 123

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

Branding 100

Branding Cards Fraud Marketing 100

PYMNTS

NOVEMBER 8, 2018

It’s the big stage for retailers, the holiday shopping season – when all the consumer world is watching (and, merchants and payments providers hope, buying more than they did last year). That’s not to suck any cheerful anticipation out of the 2018 holiday shopping season, during which U.S. percent year-over-year increase, to $124.1

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Retail social media Online Taxes 129

PYMNTS

JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. But it plans to avoid the interest-free introductory deals common among the nation’s credit card market.

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Security Capital Cards Report 215

PYMNTS

JUNE 14, 2018

Sizzle of the Week: Retail’s 2018 Rebound. Retail has had a rough couple of years, as most players that aren’t Amazon have struggled to cross the digital, omnichannel chasm. On the whole, with some notable exceptions, retail has landed on our Fizzle list more often than the Sizzle list in recent memory.

Retail 108

Retail Bitcoin Course America 108

PYMNTS

SEPTEMBER 18, 2019

Subscription providers entering new markets must compete against domestic companies that are already in sync with how local consumers like to pay and shop. This month’s Deep Dive examines key strategies subscription merchants can use to succeed in international markets. Credit cards tend to be popular in the U.S., for example.

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Marketing Cards Mobile Online 108

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.

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Retail Mobile Online Cards 137

PYMNTS

APRIL 13, 2018

It was a record-breaking first quarter for retailers in the U.S. According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. As a result of the series of retail fails, the default rate of high-risk U.S.

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Retail Course Washington Marketing 116