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What banks can learn from Wal-Mart

Chris Skinner

Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon? But Lore’s 40-minute presentation doesn’t hold back about the threat posed by its most fearsome and increasingly powerful archrival. It’s a benchmark article showing how an incumbent giant finds it hard to adapt.

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

PYMNTS

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181
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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. Some are turning to text message-based verification solutions to help offer smooth and safe customer experiences, but these methods can still present challenges and risks. About The Tracker.

Online 272
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Fidelity Aims To Be Leader In AI, Blockchain, Machine Learning

PYMNTS

Fidelity Investments , the Boston-based fund company, is becoming a leader in blockchain technology, investing billions of dollars on that and other cutting-edge technologies. Earlier in September at a presentation, Fidelity chief executive Abigail Johnson highlighted the fact the company has been doing FinTech since before FinTech was cool.

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

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. A 2012 survey presented by the U.K.

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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

More consumers mean more sales – and more sales means growth, expansion, jobs and prosperity for the business, its workforce and the local economy in which it operates. The owner of an upscale hair salon in Boston is an example of a business living this reality. Social proof can also work in reverse. Saving Main Street.

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How mPOS Helps Food Trucks Keep Up With Modern Customers

PYMNTS

Fostering this growth means enabling food truck operators to quickly accept customers’ payments as they dish out food and friendly service. Merchants must ensure their mPOS offerings seamlessly operate alongside existing fixed solutions. Frosty Ice Cream has deployed soft-serve trucks in the Boston area since 1958.