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

PYMNTS

DECEMBER 16, 2020

Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. That’s driven the retailer to require merchandise, risk-driven signatures that can be dynamically altered, said Thompson. The Scope Of The Problem.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

SEPTEMBER 17, 2020

In today’s top news in payments around the world, Delivery Hero said it has acquired Glovo’s Latin America operations, and Telefónica is teaming with Rakuten for the development of an OpenRAN (radio access network). The retailer, which is largely owned by Walmart, Inc., Delivery Hero Acquires Glovo's LATAM Business.

Operations 154

Operations Payments United States Groups 154

PYMNTS

MARCH 29, 2019

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. The terminals allow customers to pay with credit or debit cards and digital wallet payment options like Apple Pay or Google Pay.

Washington 134

Washington National Google Apple 134

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In said Renard in the same press release.

ATM 100

ATM National New York City New York 100

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag. Top Trackers And Reports.

Cards 151

Cards Data Mobile Survey 151

PYMNTS

JANUARY 22, 2019

In a press release , the Cupertino, California iPhone maker said that with the addition of the national retailers, 74 of the leading 100 merchants in the U.S. and 65 percent of retail locations around the U.S. Other major retailers that now support Apple Pay include Costco and CVS Pharmacy. Apple announced Tuesday (Jan.

Apple 145

Apple Retail California Course 145

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

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience. Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

DECEMBER 19, 2019

That’s because cameras are playing a much bigger role in retail, a trend that will keep gaining steam in the new decade. The Associated Press reports that cameras are, at least somewhat quietly, making inroads into a number of retail outlets in a bid to, well, get to know you. are now looking to follow suit.”. Security Cameras.

Retail 131

Retail Software Video Course 131

PYMNTS

AUGUST 11, 2017

Lowe’s has added a prepaid solution for construction crews, using a platform from Fidelity National Information Services (FIS). PaymentsSource reported that while Lowe’s has long offered financing through its private-label credit card programs, this option is a poor fit for construction crews that need to manage ongoing expenses.

Cards 100

Cards Jacksonville Community Bank National 100

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job. In the U.S.

Cards 187

Cards Security United States Technology 187

PYMNTS

NOVEMBER 18, 2020

Delivering funds smoothly to employees in different nations is therefore essential, and it may require firms to migrate from paper checks to digital tools, especially those that suit the needs of employees who do not have bank accounts. How Mobile Apps Are Easing Retail Payments In India. Around The World Of Smarter Payments.

Mobile 220

Mobile Payments Cards Retail 220

PYMNTS

NOVEMBER 16, 2020

16), the retailer announced in a press release emailed to PYMNTS. Customers will be able to pay for the transactions by drawing against balances in PayPal or Venmo accounts or by drawing on bank accounts, debit cards or credit cards linked to a PayPal or Venmo account. The partnership.

Payments 264

Payments United States Retail Resources 264

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

JULY 11, 2016

It might seem a little counterintuitive that retailers have to spend so much time laying down a proper foundation for flexible mobile wallets, but that was the journey Walmart embarked on oh-so-many months ago. The problem is that shoppers do NOT want to carry around cards (or tags) for all the stores where they shop.

National 100

National Retail Mobile Apple 100

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

DECEMBER 21, 2020

and five other nations identified 100 million potentially fraudulent transactions between March 11 and April 28, for example. One May report noted a 54 percent month-over-month increase in loyalty- and gift card-related promotion abuse, for example. One recent report that surveyed consumers from the U.K., is projected to reach $794.5

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

APRIL 12, 2016

It’s what’s turned the retail word upside down as consumers with their mobile devices have decided they’d rather buy from their couch with their mobile phone than schlep to the mall. In other words, kick the door wide open to remote retail. Meeting the consumer where they are. That’s the mantra of innovators everywhere.

Retail 100

Retail Technology Chicago Samsung 100

PYMNTS

NOVEMBER 7, 2017

Loop Commerce , the operator of GiftNow, is announcing the launch of its GiftNow Card with Athleta , the Gap’s lifestyle apparel brand. GiftNow Cards are designed to allow shoppers in brick-and-mortar locations to make it easier to give the right gift, even if they aren’t sure what the recipient’s size or favored style might be.

Cards 101

Cards Branding Online Retail 101

PYMNTS

MARCH 4, 2019

Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. 1281), seeking to combat a trend — namely that more businesses are embracing card-only payment methods spanning debit and credit — the ban would also result in fines of hundreds of dollars per violation.

Retail 129

Retail New York City New York New Jersey 129

PYMNTS

MAY 10, 2018

In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. Of those verticals seeing fraud, anything that is sold in high-end and medium retail is hit often, and hard, as are liquor operations.

National 130

National System United States Fraud 130

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. And according the the Atlanta-based building supplies retailer, that flaw is putting both customers and retailers at risk.

Retail 100

Retail Cards Data Atlanta 100

PYMNTS

MAY 1, 2017

As of today, Instacart operates in 41 U.S. However, TechCrunch said that there isn’t much likeness in context or operations. “We And with 80 percent national coverage, these current stats wouldn’t come as much of a loss. billion back in March, grocery delivery startup Instacart is eyeing some major U.S. expansion prospects.

National 100

National Las Vegas Texas Columbus 100

PYMNTS

JUNE 6, 2017

From some guy’s garage in San Francisco, a group of math nerds has grown into one of the world’s finest-tuned machine learning operations. I’ve had the privilege to study and do research at many amazing universities and national labs around the world throughout my career. I can truly say I stand on the shoulders of giants,” he said.

Operations 168

Operations Tools Data San Francisco 168

PYMNTS

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. These plans fund retail purchases that consumers can then pay off over time in typically four installments. Learn more in the Tracker. About The Tracke r®.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

JANUARY 28, 2019

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

Cards 125

Cards New York Oklahoma Connecticut 125

PYMNTS

JANUARY 14, 2021

27 in the retail goods space among the organization’s owner credit unions were up 26.2 percent market rate that the National Retail Federation (NRF) had predicted, according to the release. percent of card present activity on contactless credit cards. Purchases between Nov. percent for debit and 18.1 percent to 5.2

Innovation Strategies 155

Innovation Strategies Cards Analytics Survey 155

PYMNTS

SEPTEMBER 24, 2018

100 Billion : Amount of online retail sales brought in during 2017. 33 percent : Share of card customers who prefer talking to a live person on the phone. 25 : The number of nations in which Taxify operates. $1 90 percent : Share of American businesses that have experienced a late international payment in the last year.

Data 167

Data National Innovation Retail 167

PYMNTS

NOVEMBER 19, 2020

Visa will be working with the National Football League (NFL) on fully digital, cashless payments for the Super Bowl, a press release says. It will apply to everything including parking, concessions, retail, mobile ordering and other such things, the release says.

ATM 201

ATM America Cards Payments 201

PYMNTS

NOVEMBER 15, 2019

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

Puerto Rico 152

Puerto Rico Payments Colorado Florida 152

PYMNTS

FEBRUARY 10, 2017

Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

Data 100

Data Cards System National 100

PYMNTS

DECEMBER 2, 2019

Cybersecurity firm Radware told NBC that as much as 97 percent of online retail traffic comes from bots in the week leading up to Black Friday and Cyber Monday. The bots are “largely operated by organized gangs of cybercriminals,” noted the report.

Retail 130

Retail Operations Online Software 130

PYMNTS

MAY 14, 2019

Japan’s Fast Retailing, the company that owns the Uniqlo retail chain, said that data from upwards of 460,000 customer accounts was compromised by hackers from April 23 to May 10, according to a report by CNBC. The retailer has asked customers to create new passwords that are harder to guess to lower the chances of getting hacked.

Retail 164

Retail Data Resources Cards 164

PYMNTS

MARCH 20, 2020

The coronavirus is changing retail compensation, operations, logistics and hiring. Here are the latest updates on the coronavirus focusing on retail. The bank has made known multiple relief measures for consumers as well as small businesses such as deferred credit card payments. In other news, U.K.

Phoenix 160

Phoenix Retail United States Report 160

PYMNTS

AUGUST 25, 2019

Kohl’s is following a retail movement to offer curated collections so shoppers can explore new trends. Kohl’s own curated lines will roll out in October with brands Adore Me and pop-up card designer Lovepop. Kohl’s CEO Michelle Gass said she wants to keep physical retail significant in the age of online shopping dominance.

Millennials 133

Millennials Data social media Branding 133