PYMNTS

JULY 12, 2019

And, in retail, sellers of health and beauty products are very prepared to embrace innovation in comparison to healthcare service providers. percent: Portion of consumer services firms that consider innovation crucial to their survival. $35 35 B: Expected value of the global call center software market by 2025.

Customer Experience 190

Customer Experience Data Comparison Innovation 190

NCR

AUGUST 10, 2017

Evolution in technology has always had a big impact on how people live their lives, but this phenomenon has arguably been more pronounced in the 21 st century than at any other time in human history. billion by 2025. IoT and AI set to rise in prominence. million in 2016 to US$38.8

Industry 75

Industry Retail Innovation Payments 75

PYMNTS

MARCH 12, 2018

Artificial intelligence (AI) is making itself right at home in the retail industry. In 2016, AI in the retail market totaled $712.6 By 2025 — less than a decade later — it’s projected to reach $27,238.6 million — a 38-fold increase — according to a February 2018 report by The Insight Partners. Why such an astronomical increase?

Customer Experience 144

Customer Experience Retail Analytics Technology 144

PYMNTS

AUGUST 22, 2018

As the company claims in the F-1: “Farfetch is the leading technology platform for the global luxury fashion industry. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. We are redefining how fashion is bought and sold through technology, data and innovation.”.

Online 101

Online Retail Branding Data 101

PYMNTS

NOVEMBER 15, 2019

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

Puerto Rico 152

Puerto Rico Payments Colorado Florida 152

PYMNTS

APRIL 14, 2020

COVID-19 could mark the true rise of the robots in retail. After seeing an initial crash due to unprecedented demand when the COVID-19 crisis hit, the retailer is now using robots to pick and pack customer orders. consumers showed a negative stance toward robots at retail, but it will be interesting to see if that changes post-COVID.

San Francisco 278

San Francisco Retail Examples Mobile 278

PYMNTS

SEPTEMBER 2, 2020

Consumers are showing little interest in returning to in-store shopping six months into the pandemic, leading retailers around the globe to double down on their digital capabilities to convert these new digital-first shoppers. percent through 2025, when it is expected to total $42.9

Washington 188

Washington Report Payments Resources 188

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.

Regional 253

Regional Online Innovation Marketing 253

PYMNTS

JANUARY 24, 2020

Pine Labs, which started as a retail payment provider about 10 years ago, has grown into a payment acceptance, stored value and in-store customer credit company. This offers enormous potential for merchants, brand owners and financial institutions to drive innovations that maximize flexibility and choice for consumers,” the release stated.

Payments 152

Payments Innovation Study Meeting 152

PYMNTS

DECEMBER 6, 2018

In a press release, Visa said it will implement its payment technology at the tournament venues and provide exclusive experiences for cardholders. These tournaments allow us distinctive opportunities to showcase Visa’s payment innovation, strengthen partnerships and highlight our evolved offerings to clients and fans.”.

National 115

National Regional Innovation Payments 115

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. Distribution.

Innovation 135

Innovation Online Branding El Paso 135

PYMNTS

JULY 7, 2020

and European automobile “sales” by 2025. We are constantly looking at new and innovative ways to deliver the best solutions for our customers, and adding the Pivotal subscription service to our portfolio is the latest in a line of new services that put our customers’ needs first.”

Management 191

Management Branding Innovation Retail 191

PYMNTS

OCTOBER 5, 2018

One of the new realities of augmented reality is this: the technology is attracting more investment from China than from sources in North America. According Digi-Capital , which tracks AR investments, China-based funding for augmented reality and computer vision technologies hit $3.9

Apple 197

Apple Colorado Capital America 197

PYMNTS

FEBRUARY 28, 2020

To paraphrase Shakespeare, there’s nothing new under the sun when it comes to retail. But in terms of commitment and loyalty program innovation, the plan is a bold move, competitively sound and bound to cause some reactions from other quick-service restaurants (QSRs), mainly Starbucks and Peet’s. 27) and will cost $8.99

Retail 151

Retail Maine Policies Course 151

PYMNTS

OCTOBER 15, 2020

The SWIFT network, for example, began collaborating with Microsoft and BNY Mellon to institute cloud-based cross-border payments , allowing banks to move away from correspondent banking and improve the payments experiences of their corporate and retail customers. Standard Chartered expects this process to be complete by 2025.

Payments 228

Payments Report Study Security 228

Chris Skinner

FEBRUARY 3, 2017

Snyder, chief innovation officer at venture capitalist firm Safeguard Scientifics and a senior fellow at Wharton’s Mack Institute for Innovation Management. million banking jobs by 2025. It should be publishing informed insights but this post was more of a headline grabber from Scott A.

Innovation 150

Innovation Millennials ATM Data 150

PYMNTS

OCTOBER 28, 2020

This state of affairs is forcing not only retailers but also their own business partners to reassess the digital capabilities they quickly adopted in spring, with many beginning to question the implications of these capabilities on their long-term sustainability and growth potential. percent until 2025, when it is poised to reach $42.9

Payments 257

Payments Report Operations United States 257

PYMNTS

FEBRUARY 24, 2020

24), Sony introduced its Xperia 1 II flagship handset, which is the Japanese technology firm’s maiden phone capable of 5G, as CNBC reported. The technology company reportedly hopes that the newest phone will aid in advancing its mobile division, particularly as 5G next-generation mobile networks continue to launch worldwide.

Mobile 130

Mobile Technology Report Industry 130

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.

Mobile 179

Mobile Payments Los Angeles Hawaii 179

Bobsguide

MARCH 28, 2022

The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms.

Innovation 60

Innovation Lending social media Retail 60

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. the release said.

Florida 129

Florida Customer Experience Mobile Cards 129

PYMNTS

OCTOBER 5, 2018

based carrier with “end-to-end 5G technology,” the companies said. That said, the most noteworthy uses of 5G, at least early on, might be far from the direct realm of retail and payments, and involve industrial uses such as better communication among factory robots, or more efficient logistics at container ports.

Mobile 194

Mobile Retail Data Payments 194

Bobsguide

JUNE 13, 2022

In 2025, global spending on digital transformation will be more than double the amount it was in 20201). GFT Technologies SE (GFT) is exploiting this digitalisation wave and continuing its dynamic growth. Our clients there are pioneers in the use of cutting-edge technologies,” explains Jochen Ruetz, CFO of GFT.

Groups 60

Groups Taxes Regional America 60

Accenture

OCTOBER 18, 2019

Based on our research, IIF payments are likely to shrink the payments revenue pool by 15 percent by 2025—in other words, a big threat to established players. trillion market by 2025. First, renovate and scale payments technology to drive down costs and ensure that their bank-specific volume/value trade-off remains positive.

Industry 150

Industry Payments Survey User Experience 150

PYMNTS

DECEMBER 3, 2019

The key to that future is emerging 5G mobile network technology. Sure, retailers, healthcare providers and other operations with firm footing in the digital economy are seeking, finding and crafting use cases for 5G, which, above all, promises speedier and more robust information flows among people and businesses.

Payments 149

Payments Mobile Industry Technology 149

NCR

JANUARY 16, 2017

Today’s retail banking market is undergoing a hugely exciting – if challenging – transformation. All of this means that firms in the retail banking sector will have to radically rethink their business model in order to meet these demands and provide the level of service their customers expect.

Trends 40

Trends Retail Customer Experience Resources 40

PYMNTS

OCTOBER 1, 2020

By 2025, it is estimated that $86 billion will be spent on in-car commerce. The collaboration with Discover was enabled when Car IQ incorporated its payment technology into the Discover payments platform. That number assumes that human beings would be the ones giving the commands. It could happen. transit systems.

San Francisco 159

San Francisco California System Cards 159

PYMNTS

DECEMBER 17, 2019

Artificial intelligence (AI) and blockchain technology can boost the odds in favor of those credit-seeking businesses. That has limited credit, and led to a rise of what he called retail brokers, some 90 of whom help businesses in Brazil navigate that tight credit landscape. billion USD) in revenues by 2025. FinTech Sandbox.

Fintech 136

Fintech blockchain Trends America 136

PYMNTS

MAY 10, 2018

Mobile payment capabilities are on the forefront of retail executives and tech staff. In a survey by Zynstra , some 65 percent of retailers said they pegged mobile payments as their top priority for in-store technology, Chain Store Age reported. As a result, the region can be an “early adopter” of the technology.

America 114

America Regional Mobile Cards 114

PYMNTS

JULY 17, 2018

All those connected devices will, by 2025, represent an estimated $6.2 As those devices communicate more efficiently with each other, and enable a range of commerce- and payment-related tasks (such as personalized advertising, anticipating retail purchases, automated ordering and bill settlements), the security risks will evolve and grow.

Security 102

Security eBook Millennials Industry 102

PYMNTS

SEPTEMBER 18, 2018

In fact, online grocery sales are projected to have a 13 percent annual growth rate in 2018, with online grocery sales projected to reach $100 billion by 2025. As a result, the share of consumer spend being directed toward QSRs and other restaurants embracing technology is growing, while the share being spent at grocery stores is declining.

Report 161

Report Trends Mobile Online 161

PYMNTS

MARCH 1, 2019

Some things are instant hits — smartphones, television and voice-controlled personal assistants are all good examples of technologies that more or less hit the ground running and were popular as soon as marketing people were done explaining the concept to consumers. Other innovations are late bloomers. Elsewhere, Cowen & Co.

Cards 158

Cards Tools Innovation Lending 158

PYMNTS

DECEMBER 13, 2019

This group will represent 75 percent of the total global workforce by 2025 and is now juggling expense reports, budgets and other financial concerns before booking personal or professional travel arrangements. They may prioritize payment ease, speed and technology, but they place more emphasis on sustainability than older travelers.

Millennials 141

Millennials Payments Groups Mobile 141

PYMNTS

MAY 24, 2016

. “Based on this research, Deloitte draws the conclusion that MPLs do not have a sufficiently material source of competitive advantage to threaten banks’ mainstream retail and commercial lending and deposit-gathering businesses,” the report declared. . I don’t think banks can begin to keep pace with that.”

Report 100

Report Lending Industry Analysis 100

Cisco

SEPTEMBER 7, 2022

It may not always be obvious to consumers, however, there is a tremendous amount of innovation happening in financial services making its way into our daily financial lives. That’s an important distinction since meeting consumer expectations is core to the growth strategy for retail and commercial financial institutions. Meet me there.

Meeting 107

Meeting Examples Mobile Innovation 107

PYMNTS

MAY 31, 2018

Internet of Things (IoT) technology isn’t just for a smart fridge or a smart speaker in the home: It also has applications for retailers. Consumer products like Fitbit , Square and Nest all use similar wireless IoT technology to inform users in real time, and many people have come to expect that sort of ease and immediacy.

Marketing 142

Marketing Google San Francisco Technology 142

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments.

Industry 101

Industry Technology Online Video 101