PYMNTS

DECEMBER 21, 2018

It’s a tale of two kinds of brick-and-mortar retailers amid the rise of eCommerce: Some traditional department store chains like JCPenney and Macy’s are shuttering stores, as some retailers with other business models are more than surviving. TJX, the owner of off-priced retailers like T.J. Senior Brand Apparel Analyst John D.

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PYMNTS

SEPTEMBER 30, 2020

Dramatic shifts are underway in the retail sector as it adjusts to consumers’ increasingly digital preferences. These retailers are accustomed to engaging with their customers in brick-and-mortar stores and building long-lasting relationships that lead to brand loyalty. billion this year — almost double last year’s total.

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Payments Millennials Retail Trends 279

PYMNTS

DECEMBER 11, 2020

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Capital One Halts BNPL Transactions On Its Credit Cards. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases.

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Trends Fraud Millennials Community Bank 175

Perficient

JANUARY 19, 2021

Much has changed in the world of commerce this year due to the COVID-19 pandemic, and retailers have had to adapt quickly to circumstances and shift their business models to thrive, especially with their return processes. How Brands are Adapting. Less mature retailers that do not automate returns often take more time to process.

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PYMNTS

JULY 28, 2020

Consumers are also changing how they pay for their purchases, with a recent study finding that debit card spend was up 11.7 Consumers today are especially likely to use their debit cards for their eCommerce purchases or to make in-store purchases with mobile wallets, and card-not-present (CNP) transactions represented 43.1

Cards 212

Cards Rhode Island Payments Online 212

Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Credit card profitability remains attractive for banks with our ROA proxies increasing 43 bps YoY?. New partnerships.

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Cards US Taxes Apple 158

PYMNTS

DECEMBER 15, 2020

Keeping consumers invested and engaged is an eternal challenge for retailers. Price and convenience remain top factors that can prompt consumers to try brands, but features like payment flexibility — allowing consumers to pay using their preferred methods — and speed are also becoming must-haves. PYMNTS data revealed that 47.7

Payments 236

Payments social media Branding Study 236

PYMNTS

JUNE 2, 2020

The past several months have been largely defined in the retail world by merchants and brands making quick digital pivots to stay afloat in an environment that’s gone from “digital sometimes” to “digital mostly.”. When selling online became the only game in town, retailers across the board got very seriously digital overnight.

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PYMNTS

JULY 16, 2020

The initiative, designed to support retailers while providing shoppers with discounts, will kick off Thursday, July 23, and continue through Sunday, July 26, with deals at over more than 100 brands including Overstock, Macy’s, Sephora, Nike, and Cabela’s. Some brands will offer as much as 20 percent cash back, RetailMeNot said.

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PYMNTS

JUNE 12, 2019

One example in retail and payments is tech incubators — specifically, those run by specific companies and brands, a trend that shows signs of growing even more in the 2020s (which, let us remind you, are only a few months away). Still, recent developments favor the idea that the future will bring more incubators, not fewer.

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PYMNTS

DECEMBER 2, 2020

With fine dining having taken a hit amid the pandemic, quick service and fast-casual restaurant gift cards are holding steady and even seeing a bit of growth, a new study by Paytronix finds. But quick-service chains saw a much more modest decline in gift card sales , which, after falling 3.6 27 and Sunday, Nov.

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Study Cards Trends Branding 156

PYMNTS

NOVEMBER 28, 2018

First Data’s 2018 Prepaid Consumer Insights Study found that the average consumer is spending $59 more than the original value of their gift card, marking an increase from $21 a year ago. In a press release , First Data said the report shows a significant lift is being generated from gift card spending.

Cards 144

Cards Study Survey Branding 144

PYMNTS

JULY 15, 2020

Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it. What the pandemic did, he said, was just take consumer trends that were already developing and send them into overdrive. How have luxury retailers found a way to shift alongside this trend?

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PYMNTS

DECEMBER 26, 2019

But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations. Lesson 1: Think Big . “We

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PYMNTS

JANUARY 29, 2018

Alipay is continuing its global expansion, forging new partnerships with French apparel brand Lacoste and Verifone. Turning one loyal customer into two loyal customers sounds like a cloning operation, but a new loyalty rewards program is promising to turn this far-fetched concept into retail reality.

blockchain 111

blockchain Trends Policies Branding 111

The Financial Brand

APRIL 26, 2024

This article Will Banks and Fintechs Become Retail Media Networks? appeared first on The Financial Brand. This article Will Banks and Fintechs Become Retail Media Networks? appeared first on The Financial Brand.

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Retail Fintech Branding Data 34

PYMNTS

DECEMBER 6, 2019

However, they are also hesitant to pay for those new experiences with credit cards or other traditional financing options. Retailers must accommodate financial flexibility, which is leading many to explore alternative solutions — such as Buy Now, Pay Later (BNPL) solutions. To learn more, visit the Tracker’s News & Trends section.

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Millennials Payments Retail Apple 219

PYMNTS

AUGUST 22, 2019

Williams started The Sock Spot website and started to reach out to brands. Now, he has more than a dozen brands with access to many different types of socks. They can swipe their card to have a product dispensed, or they can add multiple products to their cart, change the quantities as needed and then check out all at once.

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PYMNTS

NOVEMBER 13, 2019

Sustainable notions of commerce are moving ever more to the forefront of retail, and judging by shifting consumer trends — especially the preferences of younger consumers coming into their own — you can bet the trend will only get more intense in the coming years. And recent retail innovations would seem to bolster that point.

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PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. The webinar featured Karen Webster from PYMNTS and Amy Parsons, senior vice president of global acceptance at Discover Financial Services and its payments brand, Discover Global Network.

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Retail Millennials New York City social media 137

ATM Marketplace

AUGUST 16, 2022

Buy now, pay later (BNPL), more than a just a modern version of layaway, is trending with consumers and gaining traction with major brands, retailers, and credit card issuers. More than 60% of online consumers have used a BNPL program and 38% of users say BNPL will eventually replace their credit cards.

Trends 92

Trends Branding Cards Retail 92

PYMNTS

MAY 29, 2020

He led with his strong card: eCommerce. “We The flexibility of our business model allows us to stay ahead of these changes as we serve customers through our two distinct brands Nordstrom and Nordstrom Rack. He said spend among customers who shop both brands increases four to 11 times on average.

Cards 144

Cards Strategy Marketing Strategies Online 144

PYMNTS

OCTOBER 12, 2020

In a time of increasing change for retailers and consumers, the current global climate has begun accelerating the future of retail trends at a much quicker pace than previously envisioned. consumers have largely relied on cards, were comfortable with them as a main purchase tool and the U.S. By contrast, U.S.

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How To Retail Survey Mobile 317

PYMNTS

OCTOBER 16, 2020

Direct-to-consumer (D2C) selling has taken wing with the ascendance of eCommerce to retail’s throne. What was once a small but meaningful constituency — online shoppers — suddenly seem to be holding all the cards. There are over 1 million brands currently on the platform. They have to be creative. And so, they are. “We

Branding 211

Branding Study Online Retail 211

PYMNTS

OCTOBER 18, 2019

Today in the payment’s news roundup, PayPal is teaming with Synchrony Financial to put forward a Venmo co-branded credit card next year. Mastercard Partners With Four Retailers for Pay by Bank App. Mastercard is collaborating with eCommerce retailers to offer online shoppers the Pay by Bank app.

Cards 101

Cards Payments Branding Tools 101

PYMNTS

OCTOBER 5, 2020

And CVS in August became the first major retailer to introduce PayPal QR code technology, which it plans to roll out in its 8,200 U.S. Such brand loyalty and user growth aren’t going unnoticed by merchants, with more and more expanding their QR offerings. stand-alone stores.

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Payments Cards Retail Branding 360

PYMNTS

SEPTEMBER 20, 2019

Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. From Amazon to Uber and Walgreens, retailers and eCommerce platforms are tapping into drones to expand their omnichannel offerings by providing consumers with easy access to their favorite products.

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PYMNTS

DECEMBER 7, 2016

In an interview with PYMNTS’ Karen Webster, Mike Lawlor, chief services officer of USA Technologies, dove into the innovations that have marked the unattended retail space. In one noticeable move, Webster noted that there have always been branded kiosks for vending machines (with Coca-Cola a flagship example of that).

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Retail Trends Technology Operations 100

PYMNTS

OCTOBER 5, 2018

Sales have slipped consistently, and only showed slight signs of improvement last quarter, mostly driven by J.Crew’s sub-brand, Madewell. Meanwhile, the brand carries a heavy debt load, and has been a consistent feature on lists of once powerful brands now facing the possible risk of bankruptcy. You can’t be one price.

Millennials 122

Millennials Retail Mobile Branding 122

BankBazaar

JANUARY 28, 2020

Let’s check out the benefits, features, and unmatched fuel benefits offered by the latest BPCL SBI Credit Card. The BPCL SBI Credit Card is a co-branded fuel Credit Card jointly launched by SBI Card and Bharat Petroleum Corporation Ltd (BPCL). – This card offers great savings on petrol for 4-wheeler owners.

Cards 78

Cards Trends Branding Retail 78

PYMNTS

APRIL 19, 2019

Nor is there anything bad about the vodka, tequila and other liquor brands found in mainstream stores across the country. liquor industry), who has combined the ongoing consumer desire for online subscription retail with the rise of craft distilleries. We had to buy a retail store to fulfill this dream. Stock explained.

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Retail California Online Operations 156

The Financial Brand

APRIL 22, 2024

This article How the Mastercard/Visa Settlement with Retailers Could Remake the Payments Business appeared first on The Financial Brand. This article How the Mastercard/Visa Settlement with Retailers Could Remake the Payments Business appeared first on The Financial Brand.

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Retail Payments Branding Banking Trends 32

PYMNTS

NOVEMBER 8, 2019

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. From Walgreens to CVS, pharmacy retailers are collaborating with logistics firms to bring merchandise to their customers — as drones move the needle toward the future of delivery.

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Retail New York North Carolina Virginia 101

PYMNTS

SEPTEMBER 12, 2018

Middle Retail. The middle class may be making gains, at least according to Census data, but middle-class retail is a different story, according to some observers. A recent study found that retail “is thriving” at the high and low ends but “faltering” in the middle. Not Amazon’s Fault.

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Retail United States Payments Trends 100

PYMNTS

MARCH 11, 2020

The advance of Amazon’s cashierless technology is not a new story to the retail beat as of 2020. We’re not trying to replace them,” Cameron Janes, vice president of Amazon’s physical retail division, told CNBC. “I Shoppers enter the store using a credit card. Have other retailers signed on with the service?

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Retail San Francisco Technology Data 130

PYMNTS

FEBRUARY 13, 2020

The bank’s tech needs range from new products such as the Apple Card to its growing dependency on cloud infrastructure. Lee said the firm had to play into the trends of software with a workforce that is more distributed — and individuals working from municipalities all around the world. Apple Card?

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Apple Cards Training Branding 161

PYMNTS

DECEMBER 30, 2016

This year has been big for retail — big on change, innovation and some surprises along the way. Consumers flocked to online and mobile commerce , robots rose in food and consumer goods , and brick-and-mortar stayed relevant with retail experimentation — pop – ups , flash sales , store-in-store and showrooms.

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Retail Online Customer Experience Trends 123