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

NOVEMBER 14, 2019

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg.

Cards 176

Cards Illinois Regulation Policies 176

PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S. A notable $730 billion in U.S.

Retail 159

Retail Online Fraud Cards 159

PYMNTS

AUGUST 5, 2020

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. BofA Expands Contactless Biz Card Service. Apple Pay Lands More Commercial Cards. Center Wields Cards For Expense Management.

Cards 159

Cards Apple Mobile America 159

PYMNTS

MAY 19, 2020

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Here’s what you missed.

Cards 210

Cards Payments Retail ATM 210

PYMNTS

MAY 31, 2018

Amazon is not the only retailer grappling with a staggering number of returns: All sorts of retailers — especially some with generous return policies — have faced challenges with large numbers of returns. Sridhar noticed that the approach works: Sixty-two percent of the time people buy a gift card when offered.

Cards 108

Cards Policies Retail social media 108

PYMNTS

JANUARY 18, 2020

What makes the story stand out among the reams of local retail crime reporting is that the crime was actually committed. Botched crimes in local retail are common. Organized Crime’s Physical Retail Expansion . Brown rejected suggestions that it could be a current or past employee, telling local news affiliates, “It was a pro.”.

Retail 147

Retail Colorado Cards Report 147

PYMNTS

MARCH 6, 2019

There is no longer much tolerance, or enthusiasm, on the part of consumers for digging into one’s pocket to find money or a payment card, or doing the mental math (well, OK, a smartphone has a calculator) to figure out how much to tip a driver. Nowadays, one’s card is on file with the ride-hailing service. The Partnership Model.

Retail 148

Retail Payments Online Course 148

PYMNTS

JULY 6, 2020

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . Safety Concerns Encourage Contactless Card Use . percent of cards in circulation at that time were capable of making such payments. percent of U.S.

Cards 130

Cards Survey Examples Retail 130

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

FEBRUARY 3, 2020

financial watchdog the Financial Conduct Authority (FCA) is telling credit card companies to reduce fees on non-payers’ debt rather than cancel cards, the agency announced on Monday (Feb. The letter sent to credit card CEOs said when firms reach out to customers in debt, it is required that “options must be reasonable.” .

Cards 132

Cards Policies Meeting Company 132

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

NOVEMBER 23, 2016

22) that it is working to modify its debit routing policies, saying that it has “modified and clarified” its rules to boost EMV chip card adoption in the United States. Those modifications, the card giant said, come on the heels of guidance that has been issued by the Federal Reserve. Visa said Tuesday (Nov.

Policies 100

Policies United States Cards Retail 100

PYMNTS

JANUARY 9, 2019

8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. million and put policies in place to resolve the litigation that involved the investigation of multiple states. In addition to paying the $1.5

Maryland 158

Maryland Cards Payments Data 158

PYMNTS

AUGUST 7, 2020

While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their domestic ones have. Visa recently announced a new policy to help shoppers alleviate this pain point.

Policies 302

Policies Online Retail Payments 302

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible. shoppers made 72.7

Cards 141

Cards Payments Security Fraud 141

PYMNTS

SEPTEMBER 24, 2018

According to the retailer, tariffs will result in Walmart customers facing “cost increases for essential items like car seats, cribs, backpacks, hats, pet products and bicycles. Either consumers will pay more, suppliers will receive less, retail margins will be lower or consumers will buy fewer products or forego purchases altogether.”

Retail 122

Retail Fraud United States Groups 122

PYMNTS

JULY 8, 2019

Can cameras replace cashers in retail? The project also could grow to include app or loyalty card identification of shoppers to further the frictionless commerce and payments ideal. The paper noted that many such retail innovation efforts for grocery start in Europe. The grocery industry is making a go of it. European Role.

Retail 152

Retail Innovation Seattle Chicago 152

PYMNTS

JULY 12, 2019

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Other figures also point to how much consumers are spending on legal retail pot. Legal retail cannabis may be spreading throughout the U.S., Companies also have made more than $6.5

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

MARCH 8, 2018

Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards.

Retail 100

Retail District of Columbia Data National 100

PYMNTS

JANUARY 19, 2017

Payment card spending in the U.K. increased 1 percent during the month of November to hit £56 billion, thanks in part to an increase in debit card spending. According to The UK Cards Association, the 1 percent increase in November was driven by a £476 million rise in debit card spending. Retailers in the U.S.

Cards 100

Cards Payments Retail Policies 100

Bank Innovation

DECEMBER 5, 2017

Earny automatically monitors for and claims refunds on past purchases through retailer and credit card price protection policies. EXCLUSIVE – The payment protection app Earny announced today it has raised $9 million and wants to use the funds to diversify into the travel vertical. Based in Santa Monica, Calif.,

Payments 239

Payments Fintech Policies Retail 239

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. They say gift cards are the gift that always fits. I feel like I could’ve found a way around any rule they make,” Ashlee Smith, 24, told CNBC.

Retail 105

Retail Fraud Cards Florida 105

PYMNTS

MARCH 8, 2016

It is apparently getting harder to get a gift card out there, as retailers are making it harder to buy them. Some have started requiring cash-only purchases of the cards, others have cut them down to smaller denominations, others have put limits on buying multiple cards and some have just dispensed with selling them altogether.

Cards 100

Cards Fraud Retail National 100

PYMNTS

NOVEMBER 18, 2020

The November/December Smarter Payments Tracker ® examines how firms are putting payroll apps and prepaid cards to use to resolve frictions for their global workforces. The workers can then use these cards to make retail payments in-stores and online, as well as collect cash at the ATM. Around The World Of Smarter Payments.

Mobile 220

Mobile Payments Cards Retail 220

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

APRIL 3, 2019

The move toward cashless has set in motion any number of initiatives, spanning any number of businesses where consumers shop, from retail (a la Amazon Go and other tech-driven concepts) to stadiums. In news last month, Mercedes-Benz Stadium in Atlanta went cashless, accepting credit cards, debit cards and mobile payments.

Cards 128

Cards Atlanta Detroit Mobile 128

PYMNTS

JANUARY 25, 2017

economy, as it stands now, and policies that may come to bear over the next few months, what might be the ultimate impact to consumers and their pocketbooks? If rates go up to the point where they, at least psychologically speaking, are forbidding, or are anticipated to do so, then consumers may pull back a bit (hitting retailers, of course).

Policies 100

Policies Taxes Course Retail 100

PYMNTS

SEPTEMBER 14, 2018

We have selling policies that all sellers agree to before selling on Amazon, and we’re actively monitoring our store and removing offers of products that violate our policies and harm our customer experience.”. The first place you’ll likely see it is in initial jobless claims,” Ryan Sweet, an economist at Moody’s Analytics Inc.

Retail 135

Retail North Carolina Puerto Rico Houston 135

PYMNTS

OCTOBER 18, 2020

31 and policies that gave borrowers significant leeway as to when to make payments on automobile loans, mortgages and student loans. He added that deferment policies and government stimulus checks “are having a further effect of pushing out that stress for many people.”. Commerce Department reported Oct. gross domestic product.

US 258

US Policies Analytics Data 258

PYMNTS

DECEMBER 11, 2020

Merricks alleges Mastercard is in violation of the European Union’s competition law because of the “interchange” fees charged to retailers for card use. Rocio Concha , director of policy and advocacy at consumer organization Which? citizens in Britain’s largest class action case to date. The high court in the U.K.

Retail 217

Retail Cards Policies Company 217

PYMNTS

FEBRUARY 6, 2019

With that need in mind, she started Return Runners to help pick up returns from consumers and bring them back to brick-and-mortar (or online) retailers. Customers can then make their credit or debit card payments through Stripe.) The Retailer Side of the Equation.

Retail 116

Retail Chicago Online Company 116

PYMNTS

NOVEMBER 8, 2019

Mastercard has announced it will start offering a True Name feature , so that transgender and non-binary persons will be able to have their true names on their cards with having to go through a legal name change, according to a release. ” Many in the transgender and non-binary communities face difficulties using their cards.

Cards 104

Cards ATM Policies US 104

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

OCTOBER 26, 2017

Those who travel to some of the wealthier parts of the world, however, will discover the well-to-do have much more expensive unattended retail tastes. shoppers got their own taste of unattended luxury retail when vending machines dispensing caviar were installed in several Los Angeles-area malls. A few years ago, U.S.

Retail 106

Retail Los Angeles social media Policies 106

Payments Source

NOVEMBER 13, 2019

antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks. Visa and Mastercard are once again in the crosshairs of U.S.

Cards 80

Cards Policies Regulation Retail 80

PYMNTS

DECEMBER 30, 2020

The order defect rate (ODR) is used to measure a seller's performance based on the percentage of orders that receive negative feedback and are calculated using three components: A-to-Z claims (unsatisfactory or slow deliveries); negative customer feedback, including comments and ratings; and credit card chargebacks, or the number of orders refunded.

Policies 250

Policies Customer Experience New York Cards 250