PYMNTS

AUGUST 14, 2020

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. Jumia is reportedly viewed as an innovator in eCommerce in sub-Saharan Africa.

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PYMNTS

AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We are redefining how fashion is bought and sold through technology, data and innovation.”. Within that, how much is online?

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PYMNTS

SEPTEMBER 23, 2019

Grocery shopping is getting much, much smarter as the pace of innovation heats up. 51 percent: Estimated CAGR of global SMB online platform market through 2025. 51 percent: Estimated CAGR of global SMB online platform market through 2025. So are mundane, often frustrating tasks, such as moving.

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PYMNTS

JANUARY 22, 2018

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. From Betty Crocker to Boxed.

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PYMNTS

DECEMBER 7, 2020

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. It is no longer feasible to wait until the end of the month to handle expense reports and supplier payments, forcing firms to search for digital innovations that can keep their cash flow in check.

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PYMNTS

JANUARY 26, 2021

The global contactless payment market is projected to reach $18 billion by 2025, in fact, up from $10 billion last year — a nearly 12 percent compound annual growth rate (CAGR). CU members who reported shopping online at least several times a week increased by nearly 50 percent since the pandemic began last spring.

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PYMNTS

MARCH 22, 2019

Faster payments is starting to make a splash in healthcare — thought as one source cautions, innovation in B2B payments is about more than “getting faster.” billion: Estimated size of the eCigarette market by 2025. 86 percent: Portion of students who buy eCigarettes from online or “social” sources.

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PYMNTS

MARCH 6, 2020

Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. The system will come fully online in the city by 2021, according to the MTA.

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PYMNTS

JANUARY 24, 2020

The two companies plan on delivering a slew of card and real-time payment options, both for in-store and online purchases. This offers enormous potential for merchants, brand owners and financial institutions to drive innovations that maximize flexibility and choice for consumers,” the release stated. billion by 2025.

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PYMNTS

JULY 30, 2020

Plus, the testimony of tech giants on Capitol Hill revealed chief executive officer views on competition and innovation. Enova International intends to purchase online small business lender OnDeck for approximately $90 million in stock and cash. Tech Giants’ Hill Testimony Reveals CEO Views On Competition — And Innovation.

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PYMNTS

OCTOBER 26, 2018

As shopping of all kinds is moving online, the growth of digital payments is, unsurprisingly, following along. 100 billion: Estimated projected value of online grocery by 2025. trillion: Value of Visa’s Q4 total payments volume. 350: Average costs of around 2,000 credentials purchased off the dark web. 25 percent: Share of U.K.

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PYMNTS

AUGUST 19, 2020

They can easily pay using digital wallets, cards-on-file or a wide variety of digital payment options online or in store, and transactions are expected to be fast, seamless and simple. This month’s Deep Dive explores the myriad innovations businesses are using to bring their everyday spend systems into the digital-first ecosystem.

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Cards Exercises United States System 233

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that. What’s on the horizon for retail banking?

Banking Trends 151

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PYMNTS

JULY 9, 2019

In the age of quick-service restaurant (QSR) dining technology innovation, restaurants are frantically looking into ways to provide consumers with mobile ordering bells and whistles like third-party payment integrations, rewards programs and surprise-and-delight offers. At the same time, dining platforms are expanding their offerings.

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Mobile Payments Los Angeles Hawaii 179

PYMNTS

SEPTEMBER 17, 2020

“IAM can help verify students who sign on to look at their grades or financial aid status as well as enable easy access to online classrooms, for example. billion by 2025.”. It’s known that many colleges and universities would fail their final when it comes to online security and fraud defenses. billion this year to $15.3

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PYMNTS

JANUARY 21, 2020

VR is also gaining its place in eCommerce as a way for consumers to have a full, tactile experience in an online store — an example of the need for a deeper consumer experience making its way from stores to consumers’ homes, where, as PYMNTS has documented , more retail and payment activity is taking place as this new decade progresses.

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Retail Trends Washington Technology 210

PYMNTS

OCTOBER 8, 2019

billion by 2024, while the biometrics market is projected to reach more than $59 billion by 2025. Last month, a lawsuit was filed claiming that online video platform Vimeo collected and stored facial biometrics from videos and pictures uploaded to the platform’s video editing application. Biometric Innovations.

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San Francisco Video social media Security 110

PYMNTS

MARCH 12, 2018

By 2025 — less than a decade later — it’s projected to reach $27,238.6 As retailers strive to bridge the gap between online and offline commerce, artificial intelligence will have a key role to play as data from each channel informs more intelligent activity across the rest. In 2016, AI in the retail market totaled $712.6

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PYMNTS

JUNE 4, 2020

How this plays out as financial institutions (FIs) throttle up digital innovation amid waning COVID panic forms the substance of The Digital Payments in a Digital World Playbook for June. One-third of those surveyed since the outbreak said in a recent study that they planned to up their digital and mobile banking tool usage, for example.”.

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Payments Regional America Mobile 132

PYMNTS

OCTOBER 28, 2020

percent until 2025, when it is poised to reach $42.9 The COVID-19 pandemic triggered a mass migration to online channels as m erchants rushed to add new digital capabilities, but some have discovered that the digital operations they adopted in haste are not sustainable for the long haul.

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Payments Report Operations United States 257

PYMNTS

FEBRUARY 17, 2020

In the smart city environment, [stakeholders] want to attract people to those cities [and] provide new and innovative services,” Butaney noted. Cisco has several other products dedicated to security, including its Stealthwatch solution for online traffic safeguarding and behavioral analytics support.

Security 252

Security Data United States Florida 252

PYMNTS

OCTOBER 8, 2019

Basketball is one of the most popular sports – if not the most popular sport – in China, but there’s a little less NBA available today for online shoppers in that country, according to reports. The two sides just announced an extension of their deal to the 2024-2025 season that’s reportedly worth $1.5 China’s Commerce Push.

Retail 116

Retail Houston Online Leadership 116

PYMNTS

APRIL 14, 2020

As an example, Ocado, Britain’s leading online grocer, has had to stress-test an experimental program to automate its warehouses. As warehouse workers strike for better protective equipment and consumers show increased sensitivity around handling food, several new examples of robots filling in have emerged over the past few weeks.

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San Francisco Retail Examples Mobile 278

PYMNTS

SEPTEMBER 18, 2018

While many still head to brick-and-mortar stores, shoppers are increasingly taking to digital channels, ordering groceries online instead of roaming through the aisles — having their produce, meat and grains delivered to their home or picking them up from stores via curbside delivery services. Over the past four years, nearly 20 major U.S.

Report 161

Report Trends Mobile Online 161

PYMNTS

NOVEMBER 11, 2019

The new decade will bring more shift from offline ordering to online ordering, he said. Recent data indicates that consumers increased their spending on online food delivery in 2019 by almost 15 percent year over year. The coming years will no doubt bring much innovation and disruption to the restaurant world. High Stakes.

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Trends Operations Chicago Technology 134

PYMNTS

JULY 28, 2019

Supermarket giant Kroger and online grocery retailer Ocado are joining forces to build the second of 20 planned automated warehouse facilities. The two companies have broken ground on what they call America’s second “customer fulfillment center” (CFC), located in Groveland, FL, according to a press release.

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PYMNTS

DECEMBER 16, 2019

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. The last 10 years in payments and commerce have given us millions of dots to connect.

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Payments Innovation Cards Google 180

PYMNTS

JANUARY 1, 2020

Not just any decade, but one that has seen unprecedented levels of innovation touch nearly every industry segment and almost every corner of the world. Only then, he said, can one get clarity about how those dots can guide innovators about the future. Tuesday marked not only the end of a year, but the end of a decade.

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Innovation Cards Google Payments 174

PYMNTS

AUGUST 5, 2019

Electrify America is planning a network of nearly 3,000 chargers online across the U.S. A recent study estimated that the industry’s annual spending on autonomous driving and electric vehicles will reach a combined $85 billion and $225 billion, respectively, by 2025.

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San Francisco DC America Study 100

PYMNTS

AUGUST 27, 2019

The industry is expected to produce global revenue of $335 billion by 2025, up from $15 billion in 2015, according to one recent estimate. But trust can help grease the wheels for more B2B sharing, according to that analysis from Lead Innovation Management. And corporate board rooms that could host small business gatherings.”.

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PYMNTS

MARCH 26, 2018

The news comes as Amazon’s annual report shows that it’s thinking long term when it comes to Whole Foods, with the online retailer’s unconditional purchase obligations increasing to $24.2 The retailer could also provide fast payment options, such as self-checkout, Stewart Samuel, program director for IGD Services , told Reuters.

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PYMNTS

NOVEMBER 10, 2020

It is the rule of thumb, when it comes to secular change, that very few innovations come along to rapidly change the state of payments themselves. We are the infrastructure that takes what is effectively a virtual wallet — in a mobile or online sense — and connects it to the real world, either eCommerce or face to face with a card,” he said.

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cryptocurrency blockchain Bitcoin Security 324

PYMNTS

SEPTEMBER 6, 2019

Call centers are not alone in looking to change their authentication methods, but they are one of the industries in which innovation is most necessary. Fraud protection and innovation . They instead work on the back end to ensure customers actually are who they say they are. Voice biometrics and the slow death of KBA .

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Fraud Technology Security Tools 122

PYMNTS

JULY 17, 2018

All those connected devices will, by 2025, represent an estimated $6.2 They also expect that innovation in financial services will come largely from outside the traditional industry, with tech startups overhauling the way banks work. More Connections, More Risk. trillion global industry, Emery said.

Security 102

Security eBook Millennials Industry 102

PYMNTS

SEPTEMBER 2, 2019

As noted in the Credit Union Innovation Playbook, CUs are examining what they need to do to foster loyalty in the digital age. We found that 30 percent of loyalty-focused CUs are innovating to meet potential members’ needs, and 54 percent were focused on digital wallet innovations through the past few years … with more to come.

Fraud 123

Fraud Survey Payments Examples 123

PYMNTS

JANUARY 28, 2020

billion by 2025. Solution providers will thus need to innovate their solutions’ flexibility to keep up with fast-paced companies’ even faster-paced client demands. Demand for software that can keep up with these needs is increasing as well, as some reports predict the expense management software market will reach a value of $6.6

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Management Tools Cards Software 132

PYMNTS

APRIL 8, 2019

Beyond mobile apps, CVS is no stranger to delivery: Late last year, the company experimented with a program in Boston that allowed shoppers to get free delivery on prescriptions and online purchases among other perks. At the same time, a Cowen & Co analysis released last month claims the market could reach $16 billion by the year 2025.

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Retail Oregon New Mexico Mobile 152