article thumbnail

Macy’s Earnings Preview: Watch The Digital Shift

PYMNTS

The ideal business model will be one where a brand can profitably sell directly to consumers either online or in-store.”. That’s exactly the thinking behind Macy’s Polaris strategy. Since then the company has axed 3,900 more jobs, mostly in its corporate ranks, and has not been able to capitalize on the Polaris plan.

Strategy 195
article thumbnail

Helping FI’s Develop Their ‘FinTech Sense’

PYMNTS

Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. But that doesn’t mean all the players in payments and financial services have a solid or clear digital strategy. But that’s not the whole story, of course.

Fintech 169
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week In Payments: Saving Small Business

PYMNTS

But for many of them, this has also been an opportunity for them to really develop their digital strategies. That relates to storefronts, that relates to collaborating and being able to work remotely, and it also relates to digital payments. We think a lot of these trends that we’re seeing are long-term trends,” Helekar said.

Payments 176
article thumbnail

Why Digital’s 3.0 Shift May Take Longer Than We Think

PYMNTS

There is an out-and-out frenzy to capitalize on the pandemic-fueled digital shift that gave consumers few options for accessing products and services over the last twelve weeks. For those companies, making the quantum leap to digital is, literally, a bridge too far. These innovations would usher in digital’s 2.0

article thumbnail

How Digital Payments Could Help Rebuild Notre Dame Cathedral

PYMNTS

After much of Chicago burned to the ground in 1871, rebuilding the city involved various fundraising and restorative strategies. to help build a new, free and public library in the capital of the Midwest – a gesture that can still make the city’s locals smile with awe and gratitude.

Payments 182
article thumbnail

FinTechs Link With FIs Down Under And Beyond

PYMNTS

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. In reference to some of the financial details, Homeloans has invested $2 million in equity, itself part of a $20 million financing that also has the backing of Square Peg and Apex Capital, among others.

Fintech 101
article thumbnail

D3 Secures $10M For Digital SMB Banking Efforts

PYMNTS

. “The past year we have seen a shift in the industry with leading financial institutions seeking modern solutions that provide the foundation required for developing a digital strategy that extends into the future,” he said, pointing to recent deals with Arvest, First Tennessee Bank and IBERIABANK.

Security 100