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CVS Expands Membership Program Nationwide To Lure Millennials

PYMNTS

After successful test runs in Boston, Philadelphia and Tampa, the CVS membership program CarePass will expand nationally with free delivery for an annual fee, CNBC reported on Monday (Aug. The pilot program indicated that 20 percent of users were millennials and that CarePass members spent 15-20 percent more at CVS.

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Big Retail Problems, Small Format Solution?

PYMNTS

With traditional brick-and-mortar retail facing big problems , some chains are addressing them with small solutions. Is this a viable answer to the beating that Sears’ bottom line (and that of many other one-time stalwarts of brick-and-mortar retail) have been taking in recent years? Specifically, with small(er) stores.

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Are Retailers Ready For Amazon?s Prime Time?

PYMNTS

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. PYMNTS has been tracking the impact of the Amazon/Whole Foods acquisition on the grocery store sector since the day it happened, including this latest Whole Foods plus Prime Member Deals program strategy.

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Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud

PYMNTS

According to a recent survey from the Boston Consulting Group (BCG), profits among the world’s corporate banking institutions is significantly declining – but digitization could halt that trend. Researchers found that just 17 percent of retail banks rated their digital transformation strategies as “optimal.”

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What Amazon HQ2, Interchange Fees And Facebook Have In Common

PYMNTS

The self-interested business known as Amazon has created its shareholder value by putting the consumer experience at the center of its strategy. So, Amazon hasn’t just benefited its customers: It has forced retailers to lower prices and increase their levels of service. percent of all retail sales to 6.4 Good luck with that.

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Doing Omni-Channel First, Or Doing It Right?

Banking 2020

There are lessons to be learned from experiences in retail. Well, there’s no doubt about this one: retail. Yes, retail for sure—a quick search online turns up hundreds of stories about retail omni-channel. In fact, 38% of retailers say this is a top priority. Wearable technologies? Social channels?

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Mobile Payments: What’s In It For Me?

PYMNTS

London transportation that accepts Oyster will support mobile payments of up to ÂŁ30 only, and for larger amounts, users can use Vodafone Pay at retailers, which requires a PIN. According to Media and Services UX, (MSX) group at Strategy Analytics, three-quarters of mobile payment users in China do so in physical stores daily.

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