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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

PYMNTS

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. He added that worker furloughs have also already begun, “particularly in the hotel, retail, travel and restaurant industries.

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America Can Now Literally Run On Dunkin’

PYMNTS

When Dunkin’ Donuts came up with the slogan “America runs on Dunkin,’” the company was pretty clearly being metaphorical. That’s no longer the case, as the fast food company has decided to take a turn for the literal in their newest marketing campaign.

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Mobile Is On The Rise, But Still Not Where Retailers Would Like It

PYMNTS

Mobile is one of the fastest-growing retail sectors at the moment and still projects to grow for years to come, but the technology is still not where most retailers want it. percent of all retail sales for the year. percent and 43 percent of all eCommerce and all retail transactions, respectively, by 2020 for an estimated $294.22

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The Retail Pulse: ‘Eat Fresh’ Goes Stale

PYMNTS

The sandwich chain will be redirecting its focus to international expansion even as it loses market share in the U.S. Store count isn’t everything,” CEO Suzanne Greco told The Boston Globe. We’re focused now on strengthening market share.”. Subway has 44,000 locations worldwide, all of them independently owned.

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Pride Vendors Look To Triple Sales With mPOS

PYMNTS

While some markets may be seeing relatively slower adoption of mobile point-of-sale (mPOS) than others, there’s no denying that the overall popularity of mobile and contactless payments are growing fast among consumers. Deep Dive: The State of mPOS in North America. In markets like the U.S., percent between 2017 and 2026.

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The Enduring Importance of Physical Engagement in Retail Financial Services

Celent Banking

Indeed, it does not take extensive examination to see, in Wayne Gretzgy’s words, “where the puck is going” Digital needs to be a top technology priority among financial institutions – particularly in highly digitally-directed markets such as North America and Western Europe. That is changing, but not quickly.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Retailers, in particular, are wary of adopting 2FA because of the frictions the method can present, and their fears are not without merit. A recent FICO survey found that 51 percent of banks in North America still require customers to visit branches to prove their identities and complete their onboarding procedures.

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