PYMNTS

MAY 14, 2020

Every online wine company that reports sales has noted big spikes during the pandemic. The latest to report, Wine.com – which bills itself as the nation’s leading online wine retailer – earned $165 million in revenue and saw 25 percent growth for fiscal 2020, ending March 31. With sales of $3.2

Online 164

Online Retail Millennials Analytics 164

PYMNTS

DECEMBER 28, 2018

restaurants are expected to face more pain in 2019 such as rising food and labor costs that will hurt profits and hamper plans to spend to grow. On top of that, the companies have to share the revenue with the delivery service, which makes it harder to have a profit on customers who are interacting via mobile device or online.

US 153

US Data Industry Report 153

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That trend is certainly nothing new. Digital Banking.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

FEBRUARY 9, 2020

Companies paid an average of $84,116 in the last quarter of 2019 to get their files back from online thieves, according to data from security firm Coveware. What we find most concerning is that it causes not just direct costs, but also indirect costs of lost operations,” said Herbert Stapleton, FBI cyber section chief. “We

Data 189

Data New York Bitcoin Security 189

PYMNTS

MAY 7, 2020

However, consumers are reportedly turning to online casinos and sportsbooks, as the pandemic has closed brick-and-mortar casinos in markets such as the United States to minimize risk. percent that month compared to March 2019, according to the latest PYMNTS Disbursements Tracker , its gaming revenues over the same period jumped 65.7

Online 210

Online Las Vegas New Jersey Nevada 210

PYMNTS

SEPTEMBER 17, 2020

Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. DraftKings signed a multiyear deal in 2019 to be an authorized NBA betting operator. How much potential does online gambling have?

Online 168

Online Indiana New York Nevada 168

PYMNTS

JANUARY 20, 2020

’Tis the season for … looking back at 2019 holiday sales trends, and figuring out what they mean for payments and commerce so far. Data from Fiserv supports that point: Brick-and-mortar retail growth during the 2019 holiday season stood at 1.4 The online experience is just getting that much better, as far as ease,” he said.

Data 147

Data Retail Mobile Iowa 147

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. Leaders at Overstock said the new GSA initiative would help them with their retail operation.

Online 149

Online Retail Washington Fraud 149

PYMNTS

NOVEMBER 25, 2020

24) that it enjoyed a 61 percent jump in online sales during its fiscal third quarter ended Oct. But all in, Gap Global’s net sales dropped 14 percent year over year, with comparable sales for the brand falling 5 percent from Q3 2019. billion at Q3 2019’s end. said Tuesday (Nov. Gap added that it finished Q3 with $2.6

Online 170

Online Branding Retail Management 170

PYMNTS

MAY 31, 2020

Uber first announced it was looking to acquire a stake in the Santiago-based Cornershop app in October 2019. The FNE said it was originally worried that Uber’s purchase of the app would stifle online delivery competition and launched an investigation, Reuters reported. The FNE said in the statement that its investigation began on Dec.

Regulation 130

Regulation Online Retail Regional 130

PYMNTS

DECEMBER 10, 2020

This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . Reshaping Business Payments . Adapting To A Mobile, Contactless Normal .

Operations 192

Operations Payments Cards Mobile 192

PYMNTS

APRIL 30, 2020

The startup Flutterwave , which picked up $35 million last year in venture funding, has launched an online portal that will enable African businesses to set up online shops. The company told TechCrunch that its newly launched product, called Flutterwave Store, is not a shift away from the company’s core online payments business.

Online 141

Online San Francisco Payments Capital 141

PYMNTS

JUNE 3, 2019

Online retail has had a tremendous impact on logistics, further evidence of which emerged on Monday (June 3). The shift toward online shopping is reconfiguring supply chains and shaping the fortunes of industrial landlords, with demand especially high in and around large cities, where eCommerce has taken off fastest.”.

Retail 198

Retail Online Groups America 198

PYMNTS

JANUARY 13, 2021

billion euros in 2019. It also touted the “accelerating shift” toward online shopping as another reason for its ongoing success. The planned IPO is the next logical step to reinforce Auto1 Group as the go-to online destination for buying and selling used cars in Europe,” Bertermann said in the release. “We

Online 131

Online Groups Branding Marketing 131

PYMNTS

DECEMBER 26, 2018

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expect cross-border sales to grow.

Training 126

Training Taxes Online Operations 126

PYMNTS

JANUARY 11, 2019

The food delivery space keeps heating up — the latest news is that Postmates has scored a $100 million investment in advance of its initial public offering (IPO), expected with the first six months of 2019. Meanwhile, the eCommerce operator and logistics heavyweight continues investing in its delivery fleet. Food Delivery Pivot?

Online 176

Online San Francisco Capital Operations 176

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 218

Retail Online Cards Data 218

Bank Innovation

DECEMBER 6, 2018

Lloyds Bank plc plans to deploy a new core from cloud banking provider Thought Machine in 2019 as part of a project to lower its risk and increase its innovation potential. The bank has announced it will enter the development and deployment phase of its massive core-revamping plan early in the year ahead. For this […].

Innovation 225

Innovation Operations Online 225

PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. The country’s Data Protection Law was announced in 2019 and officially came into effect in July 2020. For more on these and other stories, visit the Tracker’s News & Trends.

Online 151

Online Report Payments Regulation 151

PYMNTS

JUNE 10, 2020

Consumers are now getting everything online and that’s going to shape their behavior for good. online or offline, safely or not). Although he was extremely concerned about business volume at the beginning of the crisis, Russell says Shift’s online sales rate has doubled since the COVID-19 crisis started.

Online 130

Online Retail Examples Innovation 130

PYMNTS

DECEMBER 31, 2019

percent as of 2019 — PYMNTS’ 2019 numbers are historic, trailing 12-month numbers based on data from Q4 2018 through Q3 2019. percent as of 2019 data. In related grocery delivery news, Amazon Fresh, the company’s online grocery delivery program that pre-existed Whole Foods, dropped its $14.99 Webster added.

Retail 136

Retail Online Georgia North Carolina 136

PYMNTS

FEBRUARY 4, 2020

The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S. All in, counting online and in-person wagers, Super Bowl betting was worth roughly $6.8 In a microcosm of the national expansion, New Hampshire’s newly online sports gambling program raked in $2.31

Online 134

Online New Hampshire Rhode Island District of Columbia 134

PYMNTS

DECEMBER 26, 2018

Payments in 2019 will drive much of the innovation the automotive world. Car sharing, too, will likely take on a more prominent role in 2019. That’s because both Uber and Lyft are expected to launch initial public offerings in 2019. In fact, nearly half of consumers begin their car-buying process online, according to a report.

Payments 174

Payments Mobile Software Data 174

PYMNTS

NOVEMBER 14, 2019

Walmart eCommerce sales were up 41 percent in Q3 2019 – but as the retailer noted, most of that power was derived from their online grocery operation, which has been a consistently powerful producer since its rollout over two years ago.

Online 109

Online Retail Report Branding 109

PYMNTS

DECEMBER 20, 2018

Dynamic pricing promises to keep making strides in 2019, with vendors updating their repricing software (“repricing” is another term for “dynamic pricing”), and online sellers engaging in increasingly fierce competition to win the buy box. earlier in December launched a repricing software product for Walmart online marketplace sales.

Software 157

Software Retail Analysis Online 157

PYMNTS

DECEMBER 26, 2019

Starbucks kicked off 2019 by adding additional cities to its delivery network through a partnership with Uber Eats. ” Other restaurants collaborated with third-party delivery apps later in 2019. To help bring these options to more consumers, retailers and technology companies decided to join forces. and Chicago.

Retail 134

Retail New York City Los Angeles New York 134

PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. While the company is known for its payment solutions aimed at fuel for fleet services, it also has grown its corporate card and U.S. healthcare payments business over the past year.

Millennials 150

Millennials Examples Cards Groups 150

PYMNTS

MARCH 24, 2020

The first online bank in Hong Kong, ZA Bank, opened on Tuesday (March 24), according to reports. The bank is a unit of China’s ZhongAn Online P&C Insurance Co. In 2019, Hong Kong issued about eight digital banking licenses to companies like Ant Financial, and a team-up of Tencent and Standard Chartered.

Online 135

Online Digital Banking Lending System 135

PYMNTS

DECEMBER 12, 2018

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. Global fraud related to online dating scams costs “several billion dollars a year,” Hochrieser said, “and it’s growing every year.”. Online Dating Scope.

Online 159

Online Fraud System New York 159

PYMNTS

JUNE 3, 2019

In a blog post , Bill Ready, PayPal’s chief operating officer, said the new digital platform will provide what the company is calling the most comprehensive set of technology, tools, services and financing for businesses of all sizes around the world. The payment company plans to expand to more than 40 markets by the end of 2019.

Online 206

Online United States Meeting Tools 206

PYMNTS

APRIL 9, 2019

Amazon, in the announcement released today, said that it “spends billions” on tools and services to help SMBs grow their operations and sell more online.

Tools 167

Tools Analytics Branding Online 167

PYMNTS

OCTOBER 2, 2019

It’s not exactly high time for legal online gambling yet – that comes in early 2020, with the Super Bowl and then the NCAA college basketball tournament – but the betting season is certainly heating up on more ways than one. And that new fuel comes as the legal online and mobile gambling industry in the U.S. Payments Innovation.

Online 134

Online Houston New Jersey Innovation 134

PYMNTS

AUGUST 6, 2020

Carvana , which works in the market of selling used cars online, announced its revenue was sitting at $1.12 And while that bodes well for Carvana, the company will face competition from traditional dealers moving to online space, too. billion and that it had sold 55,098 units in the second quarter, according to a press release.

Customer Experience 152

Customer Experience Policies Online Company 152

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

PYMNTS

DECEMBER 28, 2018

bank branches in 2017 “reflects the industry’s ongoing evolution to serve customers more effectively while reducing operating costs.”. Glover spoke with PYMNTS again about how this trend will carry into 2019 and what technologies might be able to help banks strike the balance. In 2019, it is about ensuring the FI has the right?

Fintech 177

Fintech Customer Experience Tools Technology 177

PYMNTS

JULY 30, 2020

billion in the second quarter of 2020, a 59 percent increase from Q2 2019, with an average order size of $39 rising 20 percent year over year and net revenues coming in at $459 million, a 41 percent YOY increase. We also added more partnered restaurants to our platform in the first half of 2020 than we did during all of 2019.”.

Online 141

Online Marketing Mobile Company 141

PYMNTS

JUNE 25, 2019

Walmart will now accept SNAP (Supplemental Nutrition Assistance Program) to pay for online grocery orders at all of its pickup locations, according to a report. Walmart has been adamant about the need to cater to low-income customers, saying that online shopping is not a luxury. Walmart started testing the program in 2017.

Online 102

Online Cards Arkansas Retail 102