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Why Health And Beauty Retailers Are Driving Digital Innovation

PYMNTS

Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings. More than six in 10 health and beauty firms — or 61.7

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Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. Simon owns such properties as the upscale Copley Place in Boston. For example, JCPenney and Sears both filed for bankruptcy.

Groups 139
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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

Product recommendations are an example of social proof at work – if other people have good experiences with buying a particular product, that boosts the chances that other consumers will buy it, too. The owner of an upscale hair salon in Boston is an example of a business living this reality. Saving Main Street.

Maine 199
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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. One recent survey found that roughly 50 percent of consumers abandoned onboarding attempts that they described as cumbersome or untrustworthy over the past 12 months, for example.

Online 272
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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

Earlier this year, as noted by PYMNTS , the bank said it “established a small in-house Innovation Lab as a way to strengthen engagement with, and understanding of, new and emerging technologies that are relevant to its policy and operational responsibilities.”

Policies 181
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Some Restaurants Opt For A Long Winter’s Nap

PYMNTS

And restaurant operators are aware. We want restaurants to work so badly that we are willing to lie to ourselves,” Heather Mojer, co-owner and beverage director at Boston-based Big Dipper Hospitality Group , operator of the Café Du Pays, Mamaleh’s Delicatessen and State Park restaurants, wrote in an Instagram post. “We

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Square, for example, said in its latest earnings report that revenue from bitcoin trading came to $1.6 Building The (Retail) Use Cases. Meanwhile, Visa said that crypto-banking platform operator Ternio had joined the payments giant’s Fast Track program as a cryptocurrency-focused enablement partner.