Bank Innovation

DECEMBER 10, 2019

Power study reports that mobile banking adoption for small business owners has surpassed adoption for retail banking customers. consumers may be hesitant to adopt mobile payments, small businesses are more open to it. A recent J.D. The findings from the research firm’s 2019 U.S.

Retail 259

Retail Mobile Study Report 259

PYMNTS

SEPTEMBER 14, 2020

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. In 2017, Netflix was reported to have had as many U.S. Sales plummeted, and many restaurants reported losing 80 percent to 90 percent of their sales overnight.

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Innovation Video Course Meeting 245

PYMNTS

DECEMBER 20, 2016

As documented in the December edition of the Unattended Retail Tracker™ , the results of a six-month long study conducted by USA Technologies show that just informing customers that a merchant or vendor accepts Apple Pay and other mobile wallets can boost overall sales by more than 36 percent. percent increase in total transaction. .

Report 100

Report Innovation Payments Apple 100

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. It reportedly purchased this digital upstart — one with a reported (and very small) $3.9

Retail 259

Retail Meeting Branding Maine 259

PYMNTS

OCTOBER 24, 2019

Capital One ’s domestic card business provided strong results and continued to pick up momentum, the bank said on Thursday (October 24). The bank also reported that non-interest expenses increased 2 percent to $3.9 Capital One said Q3 revenue decreased 2 percent year over year to $7 billion. billion, an increase of $1.7

Capital 101

Capital Cards Conference Customer Experience 101

PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”.

Company 131

Company Retail Boston Capital 131

PYMNTS

SEPTEMBER 22, 2020

The shift has been so dramatic that IRI , the go-to sales tracking resource for the CPG business, this week added two new reports to its roster specifically aimed at eCommerce sales. Many CPG companies like Pepsi and Heinz have launched limited but innovative D2C programs.

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Company Capital Resources Retail 140

Bank Innovation

APRIL 22, 2019

Neither video games nor dating nor shopping have a stronger pull, in terms of initial mobile app retention than financial apps, according to one report released by mobile app research firm Liftoff.

Mobile 186

Mobile Report Industry Video 186

PYMNTS

JULY 30, 2019

One of the biggest retail stories as we head into 2020 is how India is a battlefield of digital commerce, along with a hotbed of retail innovation. According to that report, Udaan has some 2 million buyers in 900 cities and towns across India, along with up to 35,000 wholesale buyers. The company was founded in 2016.

Retail 108

Retail social media eBook Report 108

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

NOVEMBER 6, 2019

Ikea and Hennes & Mauritz ( H&M ) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. Lately, the firm has also been putting money into venture capital investments. Partly, we need it now as our business is transforming.

Retail 103

Retail United States Capital US 103

PYMNTS

AUGUST 12, 2019

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. The entire process is targeted at one hour and is free for consumers,” according to the report. What’s not guesswork is that innovation has been steadily increasing in this space.

Trends 115

Trends Online Report America 115

PYMNTS

AUGUST 15, 2017

It’s no secret that Amazon is giving most retailers a run for their money. Over the past few years, the eCommerce giant has grown by leaps and bounds, innovating along the way and pushing the rest of the retail industry to new heights. As a result, Seeking Alpha is attributing the recent increase in retail sales to Amazon.

Retail 108

Retail Innovation Industry Capital 108

PYMNTS

JULY 22, 2019

Much of the excitement surrounding automated retail — aka cashierless retail — has been driven by Amazon Go, but the enthusiasm for “just-walk-out” technology has been tempered by the stores’ limited locations. The next wave of automated retail might be heralded by U.K.-based Unattended Retail Can Boost Sales.

Innovation 125

Innovation San Francisco Retail Study 125

PYMNTS

MAY 29, 2020

Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world. Reports out this week indicate that Amazon is in serious talks to buy self-driving car startup Zoox. “We Reuters reports indicated that a deal could be weeks away.

Retail 131

Retail Capital Online Video 131

PYMNTS

JANUARY 2, 2020

The joint report also noted that 28 percent of food and beverage industry respondents had chargeback rates ranging from 0.5 According to the PYMNTS Mobile-Order Ahead Tracker , “This may seem like a small amount, but it is a significant increase from five years ago, when restaurants reported no chargebacks at all.” Rowe Price Group.

Mobile 146

Mobile Innovation Minnesota Capital 146

PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. Mastercard also rolled out a service to help with working capital and automation. This shows on the bottom line.

Cards 221

Cards Payments Innovation Regional 221

PYMNTS

JANUARY 2, 2020

The joint report also noted that 28 percent of food and beverage industry respondents had chargeback rates ranging from 0.5 According to the PYMNTS Mobile-Order Ahead Tracker , “This may seem like a small amount, but it is a significant increase from five years ago, when restaurants reported no chargebacks at all.” Rowe Price Group.

Mobile 131

Mobile Innovation Minnesota Capital 131

PYMNTS

AUGUST 7, 2019

Those two retail trends have recently collided in Southeast Asia, where Carro, an automotive marketplace and financing provider, reportedly has bought Jualo, an online marketplace for used goods from some 300 product categories. According to the report , the deal comes as Carro raised some $30 million in fresh capital.

Online 112

Online Retail Trends New York 112

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. The new capital will help fuel hiring and other growth, the company said. Fraud Prevention Innovation.

Retail 118

Retail Fraud Case Study San Francisco 118

Bank Innovation

AUGUST 16, 2019

In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, speaks with Lindsay Davis, senior intelligence analyst at CB Insights, about several findings in her second quarter fintech funding report. Welcome to the latest episode of our weekly wrap video series, for the week ending August 16, 2019.

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Report Fintech Video Innovation 150

PYMNTS

OCTOBER 9, 2018

Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 According to a report in CNBC at the time, Starbucks said it would slow down the pace of licensed store openings and will shutter underperforming ones that are in highly populated areas.

Capital 128

Capital Management Conference New York 128

PYMNTS

OCTOBER 25, 2019

The innovation comes as higher demand for same-day deliveries and massive growth in online shopping has put pressure on courier firms and their drivers, Reuters reported. In separate news, Sweden-based Einride , which makes autonomous delivery vehicles, has notched $25 million in fresh capital.

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Innovation Capital Meeting Branding 101

PYMNTS

DECEMBER 1, 2020

Former Google CEO Eric Schmidt is among the backers of a new $111 million European early-stage venture capital fund, according to CNBC. 30) by London-based venture capital firm Firstminute Capital , CNBC reported. The new fund's main investor is RIT Capital Partners.

Google 159

Google Charlotte Capital Big Data 159

PYMNTS

JUNE 13, 2018

Holdaway, who has an MBA from Harvard Business School, joins Barclays after 15 years at Capital One , where he held a variety of senior leadership roles in new business initiatives, internet acquisitions and partnership finance. He will report to Barry Rodrigues, CEO of cards and payments, and Richard Haworth, CEO of the Americas business.

Capital 100

Capital Cards Delaware Payments 100

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. The company said it is “in a unique position to capitalize on the convenience of drone delivery if and when it should expand.” Walgreens Boots Alliance, Inc. That effort is part of the U.S.

Retail 112

Retail Las Vegas San Diego Virginia 112

PYMNTS

JULY 8, 2020

The business’ moniker was initially filed late last month in Arkansas with the secretary of state, MedCityNews reported. The new subsidiary appears to be geared toward selling Medicare Advantage Plans, per the report. In addition, the retailer reportedly paid approximately $200 million to purchase key assets from CareZone.

South Carolina 150

South Carolina Arkansas Company Georgia 150

PYMNTS

NOVEMBER 14, 2018

Etsy is hardly alone: eCommerce is experiencing year-over-year growth of 14 percent, according to the Payments Powering Platforms Tracker , and merchants looking to capitalize on this rise must accept the preferred payment methods of their customers, which include everything from credit cards to PayPal to Venmo and everything outside and in between.

Retail 131

Retail Payments Apple Online 131

PYMNTS

AUGUST 9, 2017

In a report that suggests technology can’t solve every back-office issue, eProcurement service provider Proactis has found that the restaurant industry is struggling to gain access to the right talent pool to optimize its procurement operations. In its Restaurant Market Report , Proactis further highlighted this struggle.

Capital 101

Capital Resources Survey Industry 101

PYMNTS

NOVEMBER 9, 2020

The pandemic has been a game-changer for businesses, with retailers closing their doors, restaurants turning to delivery and pickup, and banks shifting to digital interactions to avoid potential viral transmission. How the Pandemic Changed Capital Management. How Analytics Give Businesses a New Edge.

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Analytics Company Innovation Capital 130

PYMNTS

JANUARY 24, 2020

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.

Fintech 198

Fintech Capital San Francisco Georgia 198

PYMNTS

AUGUST 11, 2016

Back-to-school shopping has started earlier than usual this year, and retailers have Amazon to thank. According to a report, shoppers took advantage of Amazon’s Prime Day to stock up on back-to-school supplies, which is leaving retailers playing catch-up if they want to cash in on what is a lucrative time of year for them.

Retail 100

Retail Online Trends Examples 100

PYMNTS

JANUARY 19, 2018

Automakers that want in on ridesharing, self-driving cars or innovative car financing options aren’t always developing their own technologies or starting their own ventures. As such, automakers are hitting the venture capital highway in droves. DCM Ventures and Coatue Management also participated in the deal.

Capital 109

Capital Las Vegas San Jose California 109

PYMNTS

JUNE 21, 2019

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

Chicago 120

Chicago New York City Florida Miami 120

PYMNTS

SEPTEMBER 26, 2016

That’s according to Capgemini and BNP Paribas, which recently released new research through the 2016 World Payments Report (WPR). Paris-headquarterd Capgemini, a consulting and technology firm, has headlined the report for the past 12 years. Global digital payment volume is slated to hit a new high this year of 426.3

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Report Payments blockchain Security 100

PYMNTS

MAY 22, 2017

Automation has hit the manufacturing industry hard, costing the industry millions of factory jobs — yet it has the potential to hit retail even harder. According to a new study by financial services firm Cornerstone Capital Group , robots are poised to capture between 6 million and 7.5 And it’s especially bad news for the U.S.

Retail 111

Retail Study Industry Capital 111

PYMNTS

JANUARY 19, 2021

Researchers found that FIs offering “innovative options such as interactive and contextually relevant video content stand to improve engagement and customer experience, especially among younger generations like bridge millennials and millennials.”. There’s a reason that bank apps and websites ask, “was this information helpful?”.

Study 196

Study social media Millennials Retail 196