PYMNTS

NOVEMBER 15, 2019

Welcome to the PYMTS Weekender, where we recap the week’s biggest development in payments and commerce. This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and why Google is working more closely with financial institutions. Facebook Launches ‘Facebook Pay’ For Cross-App Payments.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

AUGUST 9, 2017

But, while more consumers are heading to mobile retail channels, the personal experience and ability to touch and preview items in-person offered by physical stores still holds allure for roughly 70 percent of shoppers. People aren’t [going] online anymore — they’re online all day,” Schambach said.

Mobile 110

Mobile Retail Metro Online 110

PYMNTS

OCTOBER 12, 2020

The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system. To be sure, recent PYMNTS research shows an increasing comfort level with digital payments, in general.

Boston 233

Boston System Online Payments 233

PYMNTS

AUGUST 16, 2018

bills paid online. trillion in 2017, and that could nearly double by 2021 — online billing platforms are rushing to incorporate payment processing capabilities into their offerings. That’s according to the new “ Payments Powering Platforms Tracker ” from PYMNTS. More than 50 percent : That’s the amount of U.S.

Industry 105

Industry Payments Online Boston 105

PYMNTS

MARCH 6, 2017

While many in the Greater Boston area stayed indoors to keep clear of the arctic chill that had descended upon the region, eight teams hunkered down in offices in the middle of the Financial District with another goal in mind: reimagining the retail and payments experience using AR/VR technologies. Payment-enabled, of course.

Retail 101

Retail Payments Boston Innovation 101

PYMNTS

SEPTEMBER 22, 2020

22), Boston Consulting Group has estimated that that demand for luxury items could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. As reported in this space last week, the country saw retail sales increase for the first time since the pandemic took root. As reported by Bloomberg on Tuesday (Sept.

Retail 169

Retail Boston Groups Regional 169

PYMNTS

JUNE 25, 2018

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. Another had an offer with a promo code to get $10 off my first online order, which would be delivered free to my front door in two hours or less once I linked my Prime account to Whole Foods. Prime Time at the Grocery Store.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

JULY 6, 2020

The COVID-19 pandemic has changed how consumers buy goods, and some of these new payment behaviors could continue well after the crisis ends. These safety and convenience considerations are pushing more consumers to use — and more merchants to enable — contactless and CNP payments. Safety Concerns Encourage Contactless Card Use .

Cards 130

Cards Survey Examples Retail 130

PYMNTS

OCTOBER 20, 2017

But, according to Randy Shuken, founder and CEO of Qüero — a high-fashion, handmade footwear and clothing retailer — when it comes to products like clothes and shoes, customers often want to see, feel and try on products. These [pop-up shops] give customers a sense of security that they will get what they paid for.”.

Online 100

Online Branding Los Angeles Miami 100

PYMNTS

JUNE 2, 2020

Doing business online is the bridge for American small businesses through this crisis and into the next decade,” said John Caplan, president of Alibaba.com for North America and Europe. manufacturers and wholesalers with business buyers in an engaging and live online format.” Beauty , a makeup and beauty products retailer.

Kansas 143

Kansas Boston America US 143

PYMNTS

DECEMBER 24, 2020

Building The (Retail) Use Cases. Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. It’s not about going to production.”.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

MAY 27, 2016

Omnicommerce usually refers to where and how retailers sell their products, not necessarily who they choose to sell them with. From office supplies and communal workspaces to new ways to pay for concert tickets, more barriers to siloed retail activity are falling every day to the onslaught of retail partnerships.

Retail 100

Retail Las Vegas Millennials Conference 100

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. One hundred and ten (110) million U.S. consumers — 47.2

Apple 227

Apple Study Innovation Survey 227

PYMNTS

JULY 30, 2018

” The news comes more than a year after the McDonald’s in Boston was to activate what it called a “customized digital Big Mac ATM.” In lieu of payment, hungry customers will “pay” with their Twitter handles and get a free lunch. Create our own currency.” and the Grand Mac — free of charge.

Boston 100

Boston ATM Examples Retail 100

PYMNTS

FEBRUARY 4, 2019

To serve customers who want to shop in stores and online, retailers and solution providers are working to offer a unified retail experience across multiple channels. According to the latest PYMNTS mPOS Tracker , almost two thirds – or 63 percent – of retailers plan to offer this option within the next three years.

Innovation 126

Innovation Retail Mobile Massachusetts 126

PYMNTS

MAY 18, 2017

From responsive mobile websites to on-demand offerings, consumers are increasingly demanding that retailers, both online and in the real world, cater to their needs in the moment. . And Boston Dynamics is working on their own robotic delivery system, which it showed off at this past April’s TED 2017 conference.

Report 109

Report San Francisco Retail United States 109

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Instant payments service What is FedNow?

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

OCTOBER 13, 2016

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. Korean consumers see no evil in mobile payments. The statistics get even better as the daily average number of mobile payments increased almost 83 percent to 810,000.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

JANUARY 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. But surcharging as a topic of conversation in the U.S.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

JANUARY 31, 2017

Other global competitors have beaten McDonald’s to the punch tech-wise — Starbucks, Domino’s and Taco Bell, for example, are years ahead of Mickey D’s when it comes to ordering online and using digital tools to enhance the consumers’ experience. Kenmore Square, Boston will activate what it calls a “customized digital Big Mac ATM.”

ATM 100

ATM Boston social media Retail 100

PYMNTS

AUGUST 3, 2017

As online shopping is showing no signs of slowing down, it has affected shopping malls greatly resulting in less foot traffic alongside less dollars spent in brick-and-mortar locations. Are shopping malls doomed to fall by the wayside along with retail trends of the past? Not quite yet. They’re evolving and frankly, they’re packed.’.

Retail 133

Retail Massachusetts Technology Boston 133

PYMNTS

MARCH 29, 2018

In investment news, Boston-based Flipside Crypto notched $3.4 The company plans to use the funding to develop tools and algorithms that scan the online crypto market and serve as the basis of its investment recommendations. And technology eCommerce retailer Newegg is now accepting bitcoin for customers in Canada, CCN reported.

Bitcoin 111

Bitcoin cryptocurrency Boston Groups 111

PYMNTS

OCTOBER 12, 2020

The digital transformation of the commerce ecosystem, which had been underway long before COVID-19 reared its ugly head, flipped into overdrive overnight, as consumers were forced to change their habits and shift almost everything they once did in real life to an online substitute. The Surprise in the Unsurprising. The SMB Pinch.

Retail 220

Retail Study Report Boston 220

PYMNTS

FEBRUARY 12, 2018

Put on a Retail Happy Face. Yup, physical retail is doing just fine — despite all the talk of doom and gloom. Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008.

Big Data 135

Big Data Data Retail Marketing 135

PYMNTS

JANUARY 25, 2019

In a recent trend, eCommerce mattress brands have been moving into the world of brick-and-mortar retail by opening their own stores and pop-up shops to help let customers test-drive their products in real life. Then, in 2018, Pop-In@Nordstrom partnered with Casper to bring pop-up stores to select Nordstrom locations and online.

Apple 109

Apple Branding San Francisco New York City 109

PYMNTS

JANUARY 15, 2018

It also explains why some innovations in payments have been met with open arms by consumers and others given the cold shoulder. And why advances in the field of voice and visual, particularly when applied to authentication, are poised to become such a disruptive force across the payments and commerce landscape. Here’s why.

Innovation 109

Innovation Payments Google Training 109

PYMNTS

JULY 16, 2018

It’s Boston. It’s February (or maybe it’s May, because it’s still snowing in Boston). So much so that P97 will go live this week with one of the largest fuel retailers in the United States, across 10,000 U.S. The firms are eyeing a confluence of mobile commerce, digital marketing and ease of payments. Picture this.

Millennials 109

Millennials Boston Retail Mobile 109

PYMNTS

OCTOBER 3, 2019

Every product in the stores are rated 4 stars and above, is a top seller or is new and trending on Amazon’s online platform. Customers are also able to test out Amazon devices, along with smart home accessories that work with Alexa.

Massachusetts 174

Massachusetts New York City Colorado Seattle 174

PYMNTS

MAY 1, 2018

Welcome to Five at Five , your late look at some of the freshest payments news of the day. Today’s stories include a new mark in the evolving relationship between payments and biometrics, along with a look at possible new regulation for digital currency. Amazon Expands Boston Tech Hub; Adds 2,000 New Tech Roles.

Regulation 101

Regulation Boston Bitcoin cryptocurrency 101

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Like payments terminals. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience.

Cards 147

Cards Study Maine Payments 147

PYMNTS

AUGUST 4, 2016

The latest news on mobile payments shows that the big banks are wanting in on the mobile wallet race, but are they already too far back in the pack? Here’s the latest news on the mobile + payments + commerce front. Miami Transportation To Offer Mobile Payments. Miami Transportation To Offer Mobile Payments.

Samsung 100

Samsung Google Mobile Millennials 100

PYMNTS

DECEMBER 21, 2016

Germany- and Boston-based Spreadshirt uses data, analytics and even social media information to build a product and spread news among communities while printing more than 3.6 We automate complex payment and tax regulations in over 180 countries and offer a variety of payment checkout options,” said Smoter. Greensburg, Penn.;

Data 100

Data Boston Community social media 100

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). Which made Warren Buffett, as a long-time payments enthusiast and investor, a pretty good fit for our launch interview.

Innovation 177

Innovation Payments Cards Retail 177

PYMNTS

MARCH 19, 2018

After all, Boston managed to have a St. But whether one is watching the weather, the game, or payments and commerce, that old adage “expect the unexpected” remains in effect, since the unexpected had a way of continually cropping up last week. Sometimes, the unexpected is good. Sorry, former President Obama , better luck next year.).

Data 108

Data Cards Online Retail 108

PYMNTS

MAY 29, 2017

Some were already investors in the startup, which is headquartered in New York City and will use the funding to expand into Los Angeles, San Francisco, Seattle, Boston, Philadelphia, Washington, D.C., It’s time-consuming and difficult to navigate, with many businesses not even having a presence online.”. and Chicago.

Los Angeles 100

Los Angeles San Francisco New York City Philadelphia 100

PYMNTS

NOVEMBER 29, 2019

And the PYMNTS Weekender is here to make sure you didn’t miss anything — and that you start off December right, with the latest in payments and commerce news. Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes? Paytm , India’s mobile payments startup, said on Monday (Nov.

Google 129

Google Mobile Data Capital 129

PYMNTS

JANUARY 23, 2020

People were not lovin’ it, for instance, when McDonald’s installed self-service kiosks in about 9,000 locations — with no cash payment option — leaving about 8.5 stores so that managers can get a complete view while customers track their orders online. million cash customers hungry. fast food customers pay exclusively with cash.

Dallas 131

Dallas Customer Experience Boston Mobile 131