PYMNTS

DECEMBER 8, 2020

Walgreens has followed in the footsteps of Walmart and Amazon to join the retailer-as-ad-agency trend , while BigCommerce recently launched Open Checkout to let developers, retailers and partners create tailored checkout experiences. And in B2B payments, virtual cards are helping firms manage spend in real time.

Retail 187

Retail Data Trends Online 187

Bank Innovation

JANUARY 5, 2020

Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd. and stored-value card company […].

Digital Banking 300

Digital Banking Groups Fintech Cards 300

PYMNTS

JUNE 9, 2020

Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. In fact, it’s the bankrupt retailers that may pocket the millions of dollars in unused prepaid gift cards. That’s about $2 billion to $4 billion. “It

Cards 131

Cards Retail Groups Chicago 131

PYMNTS

JUNE 20, 2019

Apple has expanded the test phase of its credit card with Goldman Sachs to its retail employees, according to a report by Bloomberg. The group using the card, despite the size of the workforce, will be a controlled one, and the workers were asked to not talk about the card, even though they’re allowed to use it publicly.

Apple 187

Apple Cards Retail Groups 187

PYMNTS

DECEMBER 10, 2019

Bridge millennials’ rise is changing the retail ecosystem ahead of the 2019 holiday season, but their impacts will continue to be felt in the year ahead. The group also spends more than other demographics, averaging $2,225 in retail purchases per year. Bridge millennials are becoming bellwethers of shifting retail trends.

Millennials 136

Millennials Retail Groups Online 136

PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Total retail growth was 3.8

Retail 183

Retail Millennials Cards social media 183

PYMNTS

OCTOBER 18, 2016

In retailing, as a Nobel laureate once wrote (and sort of sang!), “the times they are a-changin” — a sentiment that extends handily to gift cards. No longer confined to being silly (or maybe saccharine) cards tucked into envelopes, gifting can be a quick and painless digital pursuit. Unless retailers make it hard.

Retail 100

Retail Cards Study Customer Experience 100

PYMNTS

JANUARY 17, 2020

Commerce Department, retail sales were up for the third consecutive month as of December of last year, and buying was broad-based across several categories – with the exception of autos. In terms of headline numbers, retail sales overall were up 30 basis points. Looking beyond the sequential showings, December retail sales were up 5.8

Retail 132

Retail US Examples Online 132

PYMNTS

DECEMBER 16, 2019

Mastercard is partnering with CleverCards and Appreciate Group to offer gift cards directly to mobile wallets, Mastercard announced in a press release on Monday (Dec. The Select Digital Gift Card can be sent immediately by email, text or messaging app, and is available now as a last-minute Christmas present. billion in 2019.

Cards 131

Cards Mobile Groups Compliance 131

PYMNTS

MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169

Retail US Survey Examples 169

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.

Cards 158

Cards US Taxes Apple 158

Payments Source

JUNE 19, 2019

is ramping up a test of a digital-first credit card with Goldman Sachs Group Inc. retail employees. by expanding its use to tens of thousands of the iPhone maker’s U.S.

Apple 81

Apple Retail Cards Groups 81

PYMNTS

APRIL 1, 2020

will allow its Apple Card users to defer April payments without interest or penalties to ease financial pressures of the COVID-19 pandemic. Bloomberg reported that the credit card, backed by the Goldman Sachs Group Inc., I want to thank our extraordinary retail teams for their dedication to enriching our customers’ lives.

Apple 142

Apple Cards Payments Branding 142

PYMNTS

JULY 20, 2020

The increasingly likely scenario that many students in the United States, Europe and the United Kingdom will be resuming school at their kitchen tables has retailers that usually cash in every late summer biting their financial nails. Deloitte predicted roughly flat year-over-year U.S. back-to-school spending of $28.1

Retail 130

Retail United States Survey Analytics 130

PYMNTS

MARCH 2, 2020

To help consumers conveniently access their favorite products, retailers are offering a wide array of merchandise through automated retail technology. According to The Future of Unattended Retail Report from PYMNTS, “Unattended retail touchpoints populate a broad and diverse set of locations, and have taken various shapes and forms.”

Retail 157

Retail Seattle Apple Cards 157

Accenture

AUGUST 20, 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. Despite ongoing rewards competition, card profitability remains strong. Retail Card, Payment Solutions, and CareCredit).

US 150

US Cards Capital Apple 150

PYMNTS

JULY 11, 2019

They can also see where a child or partner is using a shared credit card in real time and can even restrict usage at establishments deemed off-limits. The thing is, fewer than one-quarter of consumers currently use mobile card services. The thing is, fewer than one-quarter of consumers currently use mobile card services.

Cards 122

Cards Mobile Retail Fraud 122

TheGuardian

JANUARY 18, 2024

Company exploring options as it plans to shift focus back to food and retail, rather than services Sainsbury’s Bank has opened the door to fresh takeover offers, after the supermarket group announced it would exit the banking business nearly 27 years after its launch. Continue reading.

Retail 52

Retail Groups Cards Operations 52

Bank Innovation

NOVEMBER 11, 2019

A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s s credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card’s algorithms when determining credit limits.

Apple 186

Apple Cards Regulation Groups 186

PYMNTS

JUNE 16, 2016

It’s no wonder why retailers love gift cards – they are known to drive foot traffic, increase revenue, boost their customer base and complement retention efforts. But as consumers continue to move toward a digital option for their gift card needs, could a retailer’s dream turn into an actual nightmare?

Retail 100

Retail Cards Fraud Data 100

PYMNTS

MARCH 18, 2020

Retailers around the world are shutting their doors or reducing hours in an attempt to slow the spread of the fast-moving coronavirus, according to reports on Wednesday (March 18). Disney shuttered its resorts and theme parks as well as its retail stores. IKEA said it closed all 50 U.S. president in a statement.

Retail 130

Retail Apple National Conference 130

PYMNTS

JULY 2, 2019

Commercial card solutions provider WEX has announced the completed takeover of Go Fuel Card, first revealed earlier this year. Go Fuel Card operates its proprietary card network, with cards accepted at several thousand retail locations in the region. Europe and Australia,” he continued. “I

Cards 108

Cards Strategy Regional Groups 108

PYMNTS

MARCH 25, 2019

After posting better-than-expected fourth-quarter earnings results, commercial payments firm WEX announced plans to acquire the fuel card assets of EG Group, Go Fuel Card. In a press release on Monday (March 25), WEX said it will acquire Go Fuel Card, the fuel card operations of the European fuel station EG Group.

Strategy 148

Strategy Cards Groups Operations 148

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

Cards 164

Cards Capital Tools Fintech 164

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. The wall-mounted machine also has a 21-inch screen for consumer interaction, and comes ready to accept near-field communication (NFC) contactless and card payments.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

DECEMBER 6, 2018

The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive at the retailer, The Wall Street Journal reported. Target and Walmart, as well as trade groups like the National Retail Federation, have reportedly long talked to the Fed about faster payments.

Retail 139

Retail Payments Chicago System 139

Bank Innovation

NOVEMBER 1, 2019

Goldman Sachs Group Inc. card is the industry’s most successful credit card launch ever. After a full roll-out of the card last quarter, credit lines […]. leaders have been coy about backing up their recent assertion that the Apple Inc.

Apple 170

Apple Cards Groups Retail 170

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). Credit cards typically contain a chip or require a PIN. Vendorcom wants answers.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

MAY 29, 2019

A group of investors has acquired Sureswipe , a South African payments company, for an undisclosed amount. Crossfin reported that 46 percent of banked low-income earners in South Africa typically use cash because of limited card acceptance at micro-merchants, especially in rural and peri-urban communities.

Cards 162

Cards Fintech Retail Operations 162

PYMNTS

FEBRUARY 8, 2019

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. If you separate by age group, people who are between the ages of 35 and 44 are predicted to spend the most at $279.14, and people aged 25-34 will spend $239.07. billion on gift cards and $933 million on greeting cards.

Retail 150

Retail Survey Analytics Cards 150

PYMNTS

MAY 6, 2019

As European Union (EU) authorities continue to combat interchange fees charged by credit card companies Visa and Mastercard , some are now calling on such regulatory action to apply to corporate and commercial cards as well. million fine against Mastercard for allegedly artificially inflating the costs of card payments in the EU.

Cards 116

Cards Retail Conference Payments 116

PYMNTS

JANUARY 7, 2019

Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. fashion retailer Missguided is offering a pay later option through Klarna , and Nordic payments company Nets A/S and merchant payment service provider Concardis Payment Group said they have completed their merger. In the U.K.,

Cards 168

Cards Groups Payments Regional 168

PYMNTS

MAY 29, 2019

It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. The retailer said it is launching The High End, a luxury cannabis lifestyle and wellness concept shop.

Retail 186

Retail Las Vegas Leadership Industry 186

PYMNTS

SEPTEMBER 17, 2018

To create sales lift and purchase intent without the negative brand effects of discounting, Aberdeen Group, which was created for Blackhawk Network’s Hawk Incentives, discovered that promotions based on rewards can be more effective than discount offers. In addition, members of the program can waive the $5 charge for Target Restock.

Retail 148

Retail Fort Worth Dallas Marketing Strategies 148

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.

Retail 142

Retail Meeting Millennials Branding 142

PYMNTS

AUGUST 13, 2019

Not only is it a big time for retail but, in a sense, a kind of dress rehearsal for the upcoming all all-important holiday shopping season. Retail back-to-school spending for families will hit an average of $696.70 last year, according to the National Retail Federation , a trade group. this year, up from $684.79

Retail 127

Retail Innovation Course Trends 127

CFPB Monitor

OCTOBER 5, 2022

On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. See the banking industry group February 1, 2022 letter to the Federal Reserve on behalf of the community banks. The final rule will be effective July 1.

Regulation 78

Regulation Cards Community Bank Community 78