PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.

Retail 230

Retail Cards Payments New York 230

PYMNTS

DECEMBER 17, 2020

Fashion retailer rue21 (r21 Holdings, Inc.) The retailer modified its asset-based credit facility to bolster availability to $155 million due 2025 headed up by Bank of America, N.A. The modification comes with a rise to the FILO Loan via a collaborative effort between Tiger Finance and Bank of America. million members.

Retail 141

Retail Pennsylvania America Capital 141

PYMNTS

JUNE 15, 2020

The pandemic’s harsh impacts on retail continue to show themselves as brands report plummeting quarterly earnings and eye additional store closings. Inditex revealed what could be a blueprint for a novel online-offline model , while Ulta Beauty appears to be mulling the same strategy. 1 to April 30 due to the pandemic. €1B

Retail 150

Retail America Data Strategy 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 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

PYMNTS

SEPTEMBER 12, 2019

Video games are helping to drive retail innovation and growth, and that includes the hot area of subscription commerce. The move is one of several that Tilly’s has been pursuing recently to draw additional foot traffic in an era when, like many youth-focused retailers, it is seeing its sales constantly shifting online.

Video 248

Video Retail Innovation Trends 248

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

FEBRUARY 6, 2019

In an effort to bring customers an easier and more streamlined online car buying experience, Carvana, an online-only used car dealer, has teamed up with Bank of America, according to a release from the companies. “We Customers can go on Bank of America’s car shopping tool from a phone or computer and select a Carvana vehicle.

Online 176

Online America Policies Lending 176

PYMNTS

NOVEMBER 24, 2020

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. It also found that just 16 percent of U.S. Deep Dive: The Benefits And Drawbacks Of Using SMS-Based Verification.

Online 272

Online Report Customer Experience Analytics 272

PYMNTS

OCTOBER 13, 2020

Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country. Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct.

Retail 130

Retail United States Millennials Branding 130

PYMNTS

NOVEMBER 11, 2020

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. When consumers shop Gap brands online, they can choose Afterpay at checkout and pay for purchases in four interest-free installments. “We We are proud to partner with Gap Inc.

Retail 222

Retail Charlotte Branding Millennials 222

PYMNTS

APRIL 25, 2019

PayPal ’s venture capital arm has invested $11 million in online returns service Happy Returns. Sobie and Co-Founder Mark Geller met at HauteLook, an early flash sale retailer that was bought by Nordstrom. The funding is the largest round to date for the company, bringing Happy Returns’ total raise to $25 million.

Online 164

Online America Capital US 164

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

JANUARY 21, 2021

The COVID-19 crisis and the digital shift that it accelerated are making five lessons clear that tradition brick-and-mortar retailers must heed if they want to survive, according to Karen Webster. The key lesson traditional merchants must learn is that “retail’s competition is the marketplace, not other category competitors,” Webster wrote.

Retail 179

Retail Branding Analysis Online 179

BankInovation

JUNE 17, 2022

Bank of America is looking to upgrade its client communications after auto loans are approved as the bank continues to lean on its digital capabilities and more consumers apply for loans through online channels. The upgrade is expected within the next year and comes on the heels of a chat support feature in the bank’s […].

America 98

America Online Retail 98

PYMNTS

MARCH 11, 2020

Per a JLL report, the number of service-based retailers rose 20.5 million spaces, while retailers offering goods declined 4.5 JLL Director of Retail Research James Cook said that the growth in service-based companies “will plateau at some new percentage.” Service retailers now comprise 52.6 percent to 1.1

Retail 130

Retail New York America Report 130

PYMNTS

APRIL 16, 2020

As retailers look for a way out of an unprecedented cash flow crunch, many are slashing prices online and offering free shipping. The move is good for consumers, but for the retailers involved discounting is a double-edged sword. It’s the age-old argument for retail. retailers is down 64 percent over 2019.

Retail 146

Retail Strategy Branding Analysis 146

PYMNTS

MARCH 22, 2016

While this early part of 2016 has been some tough sledding for Nordstrom on the sales and revenue front, The Street in many corners continues to look favorably on the high-end retailer. Plus, Nordstrom is committed to expanding their relationship with their emerging retail partners beyond real estate alone.

Retail 100

Retail Online New Jersey Houston 100

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 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

Chris Skinner

FEBRUARY 22, 2017

That’s why governments use banks as their online police. The industries targeted to use those technologies were those that had high frequency of contact with the customer – banks, retailers, telco’s – and the whole idea was to get an in-depth analysis of the customer data to cross-sell and leverage knowledge of their needs and habits.

America 262

America Data Analysis Course 262

PYMNTS

FEBRUARY 18, 2019

To serve travelers from China who want to shop in-store and online, retailers thousands of miles away from Asia are accepting Alipay in brick-and-mortar stores and on the web. Amid this trend, brick-and-mortar and eCommerce merchants in North America are adopting Alipay as a payment option for their consumers.

Online 140

Online Las Vegas America San Francisco 140

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

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

PYMNTS

MARCH 29, 2020

Call it the retail gap that eCommerce can only partly fill. But eCommerce can only go part way, not the whole distance, in offsetting a devastating hit to retail as we have known it. have temporarily shut their doors, and more than 90 “non-essential” nationwide retailers have temporarily gone dark. But only 25.4

Retail 205

Retail Survey Course Study 205

PYMNTS

MARCH 15, 2017

Beek is popular in Latin America and currently reports about 250,000 monthly active users, said TechCrunch. The company eventually hopes to grow its presence as a source of user-generated online reviews across Latin America. Amazon is not really popular in Latin America,” Valdes told TechCrunch.

America 109

America Online Retail Mobile 109

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

JUNE 2, 2020

The list of positive retail brand attributes goes on and on, but one new post-pandemic value has become more important than all the others: cleanliness. Example: Ted Gallagher is vice president and partner at Environmental Hazards Control , a Lancaster, Pennsylvania-based company that disinfects retail locations and other business facilities.

Retail 141

Retail Las Vegas Branding Pennsylvania 141

PYMNTS

AUGUST 13, 2019

A new report has revealed that Amazon’s Prime Day — along with promotions by other retailers — led to a boost in July retail sales. Michelle Meyer, Bank of America Merrill Lynch’s head of U.S. economics, told CNBC that she expects retail sales — excluding autos — to have risen by 0.6 We’re above consensus.

Retail 153

Retail United States America Data 153

Bank Innovation

JULY 16, 2018

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today.

America 247

America Technology Innovation Report 247

PYMNTS

OCTOBER 18, 2018

To learn more about their customers and increase foot traffic, retailers are testing out new business ideas. In some cases, retailers are dedicating small spaces to brands inside their brick-and-mortar stores. The vast majority of retailers believe in trying new business approaches.

Innovation 145

Innovation Retail Online Branding 145

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.”.

America 113

America Regional Mobile Security 113

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

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

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 28, 2019

Luxury and performance car maker Porsche will begin testing a new program that allows customers to do the majority of their car shopping online, according to a report. Physical and digital retail experiences have to work hand in hand, yet stay typically Porsche. The company announced the news on Monday (Oct.

Online 100

Online America Meeting Retail 100