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SMBs Find Revenue Stability In An Offline-To-Online Migration

PYMNTS

Flexibility will be essential to survival, and the pressure is on for small- to medium-sized businesses (SMBs) and financial service providers to migrate online as their customers continue social distancing. If there’s one thing for certain for small business today, it’s that nothing is certain. Pinpointing the Opportunity.

Online 174
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Nordstrom Plays The eCommerce Card

PYMNTS

The company says that its offline-online split is about 66 to 33 percent of sales. We’re entering the second quarter in a position of strength, adding to our confidence that we have sufficient liquidity to successfully execute our strategy in 2020 and over the longer term.”. He led with his strong card: eCommerce. “We

Cards 144
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Citcon: Payments Can Be The 'Digital Guide' For Retailers

PYMNTS

While some small companies will use omnichannel facilitators, like the DoorDashes of the world, to connect to their customers online, costs and lower profitability will drive many of them to look to create a digital glue between the customer in the store and their life outside it. We believe these changes are lasting.

Retail 211
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How Treasurers Are Guiding Firms Through The eCommerce Revolution

PYMNTS

Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies. Getting Closer To The Consumer. Meeting Corporate Buyer Demands.

Strategy 295
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Ally Financial Has Milennials to Thank for Its Impressive Retail Deposit Growth

Bank Innovation

s robust marketing strategy for its retail bank has paid off, as the bank today reported that half of its new retail customers were millennials. Ally Financial Inc.’s Of Ally Financial’s 230,000 new retail deposit customers via its retail side, Ally Bank, 126,500 were millennials, according to bank’s earnings report released today.

Retail 170
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The Furniture Market Embraces A Hybrid B2B Commerce Model

PYMNTS

The B2B commerce arena is moving online at record speed as more business buyers seek to procure products and services the way they do in their personal lives. The furniture industry, for example, can be especially difficult to migrate to online platforms. A hybrid B2B commerce approach can support a variety of shopping methods.

Marketing 170
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Shopify Launches Its Own Payments Hardware

PYMNTS

For the first time, Shopify is introducing its own payments hardware to the market with what they are calling a unique approach to the standard card reader. When it comes to a card reader, it’s the shopper that’s interacting with the device and inputting their card as well. The fee per swipe is 2.4