Bank Innovation

SEPTEMBER 28, 2018

One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally. Bank Innovation: Last quarter we reported that U.S.

Digital Strategies 150

Digital Strategies Innovation Strategy Innovation Strategies 150

PYMNTS

JULY 8, 2020

Mastercard has introduced new tools designed to help small businesses drive online commerce, the company announced Wednesday (June 8). The site includes retailers from boutiques to restaurants and identifies merchants that accept contactless payments. Latin America and the Caribbean. and Canada.

Tools 149

Tools Online US Atlanta 149

PYMNTS

JANUARY 18, 2021

"Even after the pandemic subsides, the digital acceleration we experienced in 2020 will not — it is here to stay," she says in " A Look Forward: What Executives Wish for America and the World in 2021.". While generational differences in buying behaviors clearly exist, those gaps are narrowing. Challenges And Opportunities Ahead In 2021.

Innovation 205

Innovation Payments Retail America 205

PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. Stores As Social Centers.

Community 269

Community Retail Strategy National 269

Bank Innovation

MAY 26, 2016

Bank of America said “No” to innovation labs last year. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America Merrill Read More. This year, while rivals JPMorgan Chase and Wells Fargo & Co.

America 225

America Innovation Technology Marketing 225

PYMNTS

FEBRUARY 14, 2019

From 7-Eleven to H&M , retailers are adopting digital payments and artificial intelligence (AI) technology to bring more convenient experiences to their customers. And retailers with brick-and-mortar locations in North America are starting to accept Chinese mobile payment systems.

Retail 129

Retail Online Payments United States 129

PYMNTS

OCTOBER 23, 2019

As more retailers try to get more shoppers into their stores – not everything is about eCommerce, after all – new technologies are playing a big role. Many retailers use beacons now, but they’re almost always hidden,” that report said. retailers such as Target and Walmart have started implementing beacons in retail stores.”.

Innovation 101

Innovation Mobile Retail Regional 101

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

Bank Innovation

NOVEMBER 21, 2017

EXCLUSIVE – Bank of America had five million transactions via the digital payments service Zelle in October alone, an amount 35% higher than the average 3.7 million transactions per month the bank reported in September 2017. Yesterday evening, the bank announced that it processed a total of $1.5

America 218

America Payments Report Online 218

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 operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

Online 101

Online Retail Branding Data 101

PYMNTS

DECEMBER 30, 2016

Canada and the Netherlands, as well as a larger launch in Europe this year, Mastercard is now unveiling Identity Check Mobile to Latin America. Smartphone penetration in Latin America was about 32 percent in 2014 and is expected to grow to nearly 70 percent by 2020. After fruitful trials in the U.S., and Europe.”. and Europe.”.

America 113

America Regional Mobile Security 113

Bank Innovation

DECEMBER 7, 2017

EXCLUSIVE – Bank of America seeks electronification of cash not only as way to better serve its banking customers but also as an excellent way to reduce costs: according to Bank of America CEO Brian Moynihan, this digitization of cash can save the bank billions of dollars.

America 218

America Operations US Cards 218

Bank Innovation

MAY 18, 2018

billion acquisition of Swedish small business commerce platform iZettle will boost its presence in 12 markets across European and Latin America, particularly in the physical retail space. PayPal’s $2.2 The move highlights the increasingly overlapping businesses of PayPal and Square, of which iZettle is a competitor.

Retail 186

Retail America Marketing Capital 186

PYMNTS

AUGUST 12, 2019

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. Consumers who want to sell their cars via that platform reportedly seek an online price estimate. “If The latest evidence of that comes via Japan-based SoftBank.

Trends 115

Trends Online Report America 115

Bank Innovation

DECEMBER 11, 2018

Bank of America today announced new features to the billpay functionality of its mobile app, including allowing users to search payment history from up to two years ago. In an email this morning to its customers prompting them to download the mobile app (which the bank does on a regular basis), BofA also revealed a set […].

America 170

America Mobile Payments Capital 170

Bank Innovation

OCTOBER 11, 2018

Bank of America is proud of its virtual assistant, Erica, which has 3.5 million users and 11 million transactions within three months of its launch, Michelle Moore, head of digital banking at BofA, said at the BAI Beacon conference in Orlando yesterday. But Erica still has a long way go. Customers are not comparing Erica to […].

America 170

America Conference Digital Banking Online 170

Bank Innovation

OCTOBER 5, 2018

Bank of America is hoping to bridge that gap, albeit in a small way, by allowing its clients to move seamlessly between Bank of America, Merrill Lynch, Merrill Edge, and U.S. Trust […].

America 150

America User Experience Mobile Management 150

PYMNTS

OCTOBER 11, 2018

Consumers expect fast, efficient service that barely requires them to look up from their smartphones, and the modern QSR needs to innovate accordingly. and Canada, plus the innovation cues it’s taking from outside the restaurant industry. Attention To Innovation. This is where we are in QSR. Creating a mobile experience.

Innovation 158

Innovation Mobile Online Customer Experience 158

Bank Innovation

JANUARY 16, 2019

Bank of America set an ambitious goal for digital sales last June: 50% over the next couple of years. The bank remains far behind that target. Last quarter, the bank recorded 27% of its consumer banking sales came from digital, according to its fourth quarter 2018 earnings, which were disclosed today.

America 170

America Operations Online Mobile 170

PYMNTS

APRIL 24, 2020

The emergence of COVID-19, Wirecard Head of Issuing Product North America Sean Healey told PYMNTS in a recent conversation, reset the entire payments and commerce landscape in a breathtakingly swift fashion. And yet the anachronisms persist — or at least they did, until about a month ago. I was rarely using grocery curbside pickup before.

Innovation 211

Innovation Payments Mobile Online 211

PYMNTS

MARCH 21, 2019

It’s one thing to want to improve or innovate. What’s harder — and what really makes the difference — is figuring how, where and when to innovate, a task that must take into account various factors and even wildcards that keep popping up in the growing and global digital economy and its various ecosystems. B2B Payments.

Innovation 178

Innovation Fintech Video Payments 178

Bank Innovation

MARCH 28, 2016

Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncements Read More. Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer.

Big Data 150

Big Data Online Lending Data 150

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. percent between 2017 and 2026. percent between 2017 and 2026. Receptivity in U.S. and Canada.

America 128

America Mobile Cards Study 128

PYMNTS

SEPTEMBER 2, 2020

From flexible repayment plans for cash flow management to sustainability programs that offset carbon emissions from fleet vehicles, the commercial card is versatile in this week's innovation roundup. The initiative is designed to enhance buyers' online shopping experience with the Sally Beauty Rewards program.

Cards 150

Cards Innovation Management Tools 150

Bank Innovation

SEPTEMBER 14, 2018

Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech community to list what’s top on their innovation wish list.

Innovation 186

Innovation Survey Fintech Community 186

Bank Innovation

MARCH 16, 2017

We got a glimpse of this at Bank Innovation 2017, our invite-only event in Silicon Valley earlier this month. (If What’s keeping bankers awake at night in 2017 – and what’s helping them leap out of bed in the morning, ready to help make customers’ financial dreams come true? If you missed the action and are […].

Innovation 271

Innovation America Online Mobile 271

PYMNTS

MAY 29, 2019

According to the Making Instant Pay Global Playbook , public utility companies are innovating their payment methods to include online and mobile options to meet consumer demand and stay competitive. According to the May Unattended Retail Tracker , cash is still a very popular bill payment method in the U.S. Approximately 8.4

Innovation 145

Innovation Mobile Company Payments 145

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

MARCH 29, 2016

Walmart isn’t exactly synonymous with humanitarian efforts, but in the age of socially conscious consumers and brand activism, it might just be good business to fight hunger with everything the multinational retailer has got. The retailer announced Monday (March 28) that it’s kicking off a campaign called “Fight Hunger.

America 100

America social media Retail Online 100

Bank Innovation

JULY 18, 2017

Bank of America Corp., Overall, mobile banking usage is still growing, but more quickly at some financial institutions. which reported earnings today, saw about 3% growth in its mobile users during the second quarter. The bank grew to 22.9 million mobile active users from 22.2 million MAUs in the first quarter.

America 191

America Mobile Report Online 191

PYMNTS

AUGUST 10, 2020

If America ever needed a digital estate sale — or even a garage sale, for that matter — it’s right now. What they need is an online auction marketplace. Successful online selling, especially on a one-off basis, is tough. Marketplaces are a maturing model, which means there’s room for innovators to move in with clever products.

US 278

US America Online Mobile 278

PYMNTS

OCTOBER 1, 2020

As the digital revolution continues to transform the way shoppers pay for things amid the COVID-19 pandemic, Mastercard announced a free online tool to help entrepreneurs future-proof their companies. A Mastercard survey revealed 76 percent of small businesses in North America said the pandemic prompted them to become more digital.

Tools 262

Tools Cards Guidelines Online 262

PYMNTS

AUGUST 10, 2017

At the basic level of retail industry chatter online, much of the focus is on the battle between brick-and-mortar versus eCommerce. Retailers at the local city level are seeing an impact under the digital transformation of the industry and should not be left out of the conversation.

Retail 108

Retail New York City Online social media 108

PYMNTS

SEPTEMBER 14, 2018

Walmart has announced it is acquiring Cornershop , a leading online marketplace for on-demand delivery from supermarkets, pharmacies and specialty food retailers in Mexico and Chile. “We In August, India’s anti-trust regulator has approved Walmart’s $16 billion acquisition of online marketplace Flipkart.

America 108

America Retail Online Marketing 108

PYMNTS

MAY 5, 2020

As retailers contend with the continuing COVID-19 crisis and the inevitable resettling of the business, one of the most popular pieces of advice has been to reformat existing stores. The way I see it, the grocery space is missing a discovery phase – in fact, I think you could say that about the broader retail landscape.

Retail 150

Retail New York City New York social media 150

Bank Innovation

JULY 17, 2018

Banking consumers take a middling view of today’s mobile banking applications, according to a study by Bank Innovation. In the survey conducted this month by Bank Innovation, banking consumers gave mobile banking a net promoter score of 12, which is in the bottom 25% to 50% of all NPS scores.

Innovation 210

Innovation Mobile Study Survey 210

PYMNTS

JUNE 5, 2020

The world of retail might not be quite getting back to normal, but people are starting to pick up some pieces of their old day-to-day lives again. A few big-ticket purchases of digital apparel retailers like ModCloth and Bonobos didn’t turn out as planned. Innovation Add-On of the Week: Amazon Embraces Supply-Chain Blockchain .

Retail 141

Retail Georgia Atlanta blockchain 141