PYMNTS

FEBRUARY 13, 2020

“2019 was another record year for WEX , capped off by an impressive fourth quarter driven by double-digit, top-line growth and strong operating leverage,” said Melissa Smith, WEX’s chair and CEO. million – up 19 percent from the fourth quarter of 2018. billion for the fourth quarter of 2018. billion from $8.2

Millennials 150

Millennials Examples Cards Groups 150

PYMNTS

FEBRUARY 21, 2018

That was on top of news that Walmart’s increased profit-margin pressure was pushing an annual revenue estimate for 2018 that missed investor expectations. McMillon assured investors that 2018 should see an average eCommerce sales growth rate of 40 percent. We had a few operational issues from an inventory replenishment perspective.”.

Online 100

Online Taxes Branding Retail 100

PYMNTS

SEPTEMBER 30, 2019

Online Resale. Online resale has become all the rage — even for retailers like Neiman Marcus — from a little bit of everything on OfferUp to fashion-focused Poshmark and high-end The RealReal and 1stdibs. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

Online 101

Online Fraud Branding social media 101

PYMNTS

OCTOBER 21, 2020

The program is operable immediately. To expand gently used gear to more members across the country, REI launched its online reCommerce business in 2018, supplementing its members-only Garage Sale events in its stores. The reCommerce trend continues to gain momentum. eBay announced on Wednesday (Oct.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

FEBRUARY 18, 2020

Some operations like Chipotle are even rolling out store designs that feature pick-up windows to let order-ahead diners collect their items without having to enter the restaurant. based QSRs draw millennials consumers, with half of this age group reporting that they place more deliveries now than they did two years ago.

Millennials 232

Millennials Trends Strategy United States 232

PYMNTS

DECEMBER 28, 2018

Charles Dickens’ famous starter to A Tale of Two Cities , as it turns out, is a pretty good way to sum up the year 2018 from the view of the alternative financial services segment. However, as 2018 wore on, headwinds started to blow back on the segment, most especially in the form of rising interest rates.

Millennials 145

Millennials Lending System Data 145

PYMNTS

FEBRUARY 9, 2020

Aside from Kalanick , other investors included online supermarket Ocado’s chief executive Tim Steiner; Tinder co-founder Justin Mateen; and Indian ad-tech billionaire Div Turakhia. . It has already started two subsidiaries for real estate and manufacturing operations.

Community 252

Community Groups US Operations 252

PYMNTS

APRIL 25, 2019

Most estimates for 2018 are around $900 million. The term eSports can refer to a wide range of games in the competitive space, but in general the most popular ones are in the first-person shooter or multi-player online battle arena genres. The promotion was a success – and the latest pair-up with HSEL operates on similar logic.

Retail 166

Retail America Video Millennials 166

PYMNTS

JANUARY 21, 2020

One of the biggest questions that promises to play out in the larger world of restaurants — whether quick-service operations or others — is who will ultimately own their customers, and whether those businesses can get them back once they are lost to third-party delivery services and aggregators.

Mobile 148

Mobile Trends United States Online 148

PYMNTS

DECEMBER 22, 2018

Going into the 2018 holiday shopping season, there were worries about a shortage of live Christmas trees — as is the case with all agriculture, farmers who grow trees are under often relentless pressure to sell their land for development — but that does not seem to have materialized. Now it’s easy to buy a real tree online.”.

Industry 134

Industry Millennials National Online 134

PYMNTS

DECEMBER 11, 2018

And that’s unlikely to change in 2019 or beyond, given the growing purchasing power of bridge millennials. In fact, it is getting some new life from eCommerce operators. So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., That trend is certainly nothing new.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

APRIL 30, 2020

The new surge in demand is putting financial institutions’ (FIs’) online and mobile offerings to the test and allowing FIs to show off their digital investments and know-how to assure customers that they are in good hands. These online and mobile experiences must be convenient, seamless and secure, or consumers are likely to abandon them.

Digital Banking 150

Digital Banking Mobile Online Millennials 150

PYMNTS

JULY 13, 2020

CVS was among the early pioneers, starting with its 2018 purchase of health insurer Aetna. Frost & Sullivan estimates (as per modernhealthcare.com ) that online medical appointments will reach 200 million this year, up from earlier estimates of 36 million. But in-store clinics are just the tip of the hypodermic needle, so to speak.

Retail 219

Retail Innovation Online Seattle 219

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. million buyers who operate in industries such as website development, logo design and blog writing. By 2021, close to 90 million – or 86.5 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) P2P Numbers. million U.S.

Cards 179

Cards Payments Mobile Operations 179

PYMNTS

JUNE 18, 2019

Then it reportedly pivoted again into the organization and operation of streaming tournaments. Most estimates for 2018 are approximately $900 million. These forms are said to be particularly popular with the up-and-coming Gen Zers demographic, which is starting to nudge millennials out of the headlines.

social media 108

social media Millennials Video Report 108

PYMNTS

JUNE 28, 2019

According to the new Mobile Order-Ahead Tracker , the volume of food and beverage orders placed via mobile apps grew by 130 percent between 2016 and 2018. They found that 45 percent of customers would use online ordering services more often if loyalty programs were available, and that 33 percent were willing to pay an extra fee for delivery.

Mobile 138

Mobile Millennials Online Payments 138

PYMNTS

OCTOBER 9, 2019

H owever, nothing is easy in life (your parents were right) and that nugget of wisdom served as a central theme of a recent PYMNTS discussion with Rakan Alhassan, operations and marketplace director at UReed. percent) while seasonal workers had lower usage throughout 2018, which dipped in Q4 2018. Among the main challenges?

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

AUGUST 7, 2019

Financefeeds reported that the HKMA, in its latest update to implementation of the Open Application Programming Interface (API) Framework for the banking sector, which dates back to July 2018, is readying for the second phase, known as Customer acquisition. Corporate Banking, Done Digitally. ” In India, Too. As noted last week.

Digital Banking 129

Digital Banking Fintech Millennials Data 129

PYMNTS

APRIL 19, 2018

Why shop at a department store when there’s an online marketplace where the same goods can be found for less money? The company has shuttered hundreds of stores — with hundreds more to go in 2018 — and laid off a staggering number of workers as it has moved to streamline its operations.

Millennials 101

Millennials Branding Retail Online 101

PYMNTS

FEBRUARY 11, 2020

For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand at all. Facing a growing cash crunch — and trying to streamline its operation — Brandless laid off 13 percent of its staff last March.

Branding 150

Branding Operations Leadership Millennials 150

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. Instant payment availability is particularly low for income- and earnings-related payments at less than 6 percent.

Report 228

Report Payments Millennials Cards 228

PYMNTS

NOVEMBER 20, 2019

They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. million ACH electronic funds transfer (EFT) payments were made from health plans to health providers in 2018 — an 11.5 trillion in 2018, an increase of 80 percent from 2014. .

Payments 111

Payments System Cards Marketing 111

PYMNTS

FEBRUARY 11, 2020

The company says 56 million women bought secondhand items in 2018, up from 44 million a year earlier. Called See You Tomorrow , its “re-commerce experience” will include an online marketplace and brick-and-mortar location housed in the Nordstrom New York City flagship store on 5th Avenue. Nordstrom is taking a multichannel approach.

New York City 124

New York City Marketing New York Los Angeles 124

PYMNTS

AUGUST 6, 2018

Grubhub made news a couple weeks ago when it simultaneously delivered a very strong Q2 2018 earnings report and announced the acquisition of LevelUp. LevelUp is front and center on the Chase site as its partner for online ordering using Chase Pay and Chase Commerce Solutions (aka Chase Paymentech). Source: [link].

Online 125

Online Branding Mobile Millennials 125

PYMNTS

FEBRUARY 16, 2018

It was, by all accounts, a good year — pushed by a strengthening economy, a warming eCommerce market and and an emerging generation of millennial homeowners suddenly in need of do-it-yourself home improvement supplies. A Stumbling Start to 2018. But Home Depot said it’s ready to weather any storm.

Retail 101

Retail Training Atlanta Marketing 101

PYMNTS

DECEMBER 30, 2020

Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. In addition to operating some 1,500 U.S. Petco said the upgrades include a focus on curbside pickup, same-day delivery, online appointment booking for veterinary care and more. on March 13. Roblox ($4 Billion) .

Marketing 198

Marketing Company Online Management 198

PYMNTS

JANUARY 14, 2019

To save physical retail, anyone who wants to operate a physical store must convince consumers that it’s worth their time to—how’s this for an insight?—go What’s really steered people wrong is focusing on the average percentage of all retail sales that are online, and ignoring what’s happening in key verticals. go there to shop.

Retail 198

Retail Online Mobile Data 198

PYMNTS

MAY 13, 2019

Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ). adults used P2P payment services as of late 2018, a year-over-year-increase of 24 percent. According to eMarketer , nearly 80 million U.S. P2P Partnerships. P2P Marketing.

Payments 198

Payments Apple Cards Course 198

PYMNTS

NOVEMBER 21, 2017

has its own Open Banking initiatives coming into force in 2018, too. The financial management hurdles are especially acute for millennial entrepreneurs, according to findings from Nesta’s report, released earlier this month. A survey released last year by Visa U.K.

Fintech 115

Fintech Millennials Meeting Innovation 115

PYMNTS

MARCH 15, 2018

When Toys R Us first announced its bankruptcy a little under six months ago, it was with an almost upbeat tone: The move would allow the firm to refashion both its capital and operating structures and hit a reset on the business. Boomers vs. Millennials vs. Scammers . It even managed to garner a $3.1 affecting 33,000 jobs nationwide.

Payments 108

Payments Millennials US Fraud 108

PYMNTS

MAY 24, 2019

In Google Maps and Google Search, consumers can access an “Order Online” button that shows up when they look for a supported restaurant. For instance, commuters in 2018 spent some $62.3 The function taps into partnerships with delivery companies, and consumers can order without downloading another mobile app.

Google 115

Google Mobile Retail Innovation 115

PYMNTS

JULY 31, 2019

Call Blue Apron what you will: a struggling retailer, a comeback kid, a prime example of hype in the online world, a respectable survivor. The opportunity has not gone unnoticed by grocery stores and online delivery services, either, of course. Back to 2012. The timing seemed perfect. Social Media’s Role.

Industry 110

Industry social media New York City Retail 110

PYMNTS

JULY 6, 2018

Though millennial parents were hit with nostalgia, when it comes to the world of toy sales going forward, market watchers of all kinds have been asking themselves the same question for weeks: Now what? For the holiday in 2018, to step in and fill the void Toys R Us left, Amazon will print a holiday catalog of its own.

US 101

US Retail Branding New York City 101

PYMNTS

JUNE 11, 2019

From automakers to retailers and online platforms, companies around the world are tapping into connected commerce technology in automobiles and mobile devices. The increase in the number of customers using apps to order foods and drinks between 2016 and 2018 was 150 percent.

Google 110

Google Mobile Technology Retail 110

PYMNTS

NOVEMBER 7, 2019

7), the transit-as-a-service operator is offering car and truck owners looking to offload their vehicles a deal: Sell those vehicles via online retail service Carvana and get in return $250 worth of Lyft credits, plus three months of free membership in Lyft’s new Lyft Pink membership subscription program.

Los Angeles 101

Los Angeles San Francisco Software Millennials 101

PYMNTS

JULY 31, 2019

Call Blue Apron what you will: a struggling retailer, a comeback kid, a prime example of hype in the online world, a respectable survivor. The opportunity has not gone unnoticed by grocery stores and online delivery services, either, of course. Back to 2012. The timing seemed perfect. Social Media’s Role.

Industry 100

Industry social media New York City Retail 100