Tandym adds retailers for rewards programs
Payments Dive
MARCH 27, 2023
The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.
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Payments Dive
OCTOBER 3, 2023
Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.
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Payments Dive
MARCH 19, 2024
The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.
PYMNTS
DECEMBER 16, 2020
Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. . DraftKings reported on Friday (Nov.
Payments Dive
AUGUST 8, 2022
Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.
PYMNTS
DECEMBER 2, 2020
In a year that’s been filled with lifestyle changes, personal pivots and business adaptations, 2020 may also go down as the year of the gift card as studies show an outsized increase in sales leading up to the busy holiday season. InMarket’s data also showed customers were spending about 17 percent more on gift cards in 2020.
Payments Dive
FEBRUARY 15, 2023
Banks requested a delay in implementing a debit routing rule, but a retail and merchant trade group argued it’s high time the card issuers comply.
PYMNTS
JUNE 11, 2020
A retail apocalypse could turn into a retail Armageddon , with tens of thousands of storefronts projected to close by 2020’s end, but the prediction is spurring alternate scenarios. And in payment methods, retail bankruptcies are illuminating gift cards and the “breakage income” connected with them.
PYMNTS
FEBRUARY 27, 2019
card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. Now, European retail groups want that to change.
PYMNTS
NOVEMBER 23, 2018
To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.
PYMNTS
NOVEMBER 25, 2020
And when consumers do go online, gift cards are winning the season. When asked if they would purchase gift cards as part of their online shopping for the holidays, 29.6 Almost the exact same amount said they were “somewhat likely” to purchase a gift card. percent likelihood to purchase gift cards, respectively.
PYMNTS
JULY 15, 2020
In the automotive arena, sellers have implemented third-party technology such as virtual retailing to enable a completely digital vehicle sales process. 65.8%: Portion of debit-centric consumers who want card apps to offer easier account management. 39%: Amount by which virtual retailing use increased in June.
PYMNTS
SEPTEMBER 9, 2020
Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. How Music Retailers Can Harmonize Security And Seamlessness. Around The Next-Gen Debit World.
PYMNTS
JULY 14, 2020
As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. Customers can either round up their bills to the nearest dollar and give the excess to charity or get their change stored on loyalty cards. If the U.S.
PYMNTS
JUNE 9, 2020
Gift cards may be the gift that keeps on giving – not just for the recipients, but also for the companies that issue them. But then again, we’re pretty apt to forget to use these gift cards at all. A recent Bankrate.com survey of 2,600 consumers found that roughly half of all Americans own at least one unredeemed gift card.
Accenture
MARCH 11, 2021
Key themes Purchase volume continued to show signs of recovery as all issuers reported QoQ growth in spend and some had YoY growth; Alliance Data posted the strongest QoQ growth of ~25%, likely as a result of easing retail lockdown restrictions. The post Q4 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog.
PYMNTS
APRIL 10, 2018
With fraud on the rise, credit card networks have realized that customer signatures are simply not a reliable way to authenticate someone’s identity — and some of the country’s largest retailers agree. Each card network is setting its own set of rules regarding signatures. The plan is to soon get rid of them completely.
Payments Dive
FEBRUARY 23, 2018
Karen Katz, former president and CEO of Neiman Marcus Group, and Visa CEO Alfred Kelly shared insight, expectations and strategy during a panel talk at the NRF Big Show in January on boosting the retail mobile commerce customer experience.
PYMNTS
NOVEMBER 16, 2020
They have paid down their credit cards. The main one centers on the drop in credit card spend. A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019. Here’s the scenario.
PYMNTS
JANUARY 13, 2021
In today’s top retail news, Walgreens is growing its financial services offering with the help of Mastercard and Synchrony, while Big Lots, Inc. Walgreens To Roll Out Co-Branded Cards With Mastercard, Synchrony. The cards will reportedly be the first of a bevy of financial offerings that the retailer has in the works.
PYMNTS
SEPTEMBER 25, 2020
Gift card giant Blackhawk Network this week announced it is selling charity-branded gift cards that will trigger contributions to those charities when loaded. Recipients of what are being called “Giving Good” cards will be able to use them at any of a number of retail and dining locations.
Accenture
OCTOBER 4, 2021
Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.
BankInovation
MAY 10, 2023
plans to debut a new credit card with multiple retailers that consumers will be able use for larger purchases. The new card, known as Citi Pay Credit, comes from the lender’s retail-services unit and will be digital only, according to a statement Wednesday. Citigroup Inc.
Payments Dive
JANUARY 25, 2023
The largest department store in Mexico is carving out a niche in offering digital and physical debit cards, as well as remittance services, to people sending payments over the border.
PYMNTS
NOVEMBER 5, 2020
From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before.
Payments Dive
AUGUST 16, 2023
The western convenience store retailer’s pact with Fleetcor is aimed at encouraging professional drivers to use its pumps.
Accenture
AUGUST 31, 2020
Alliance Data and American Express, in particular, experienced a 30%+ decline in spend YoY, driven by the headwinds of store-based retail (ADS) and T&E sectors…. The post Q2 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog.
PYMNTS
MARCH 14, 2019
Sephora, the beauty retailer, announced on Thursday (March 14) the launch of a new credit card program. The company said in a press release that starting in the spring, it will offer the Sephora credit card, Sephora Visa® credit card and Sephora Visa Signature® credit card to its retail customers.
Bank Innovation
JANUARY 8, 2020
While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Visa and Mastercard have given U.S.
PYMNTS
DECEMBER 11, 2020
Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Digital Gift Cards ’ Growth. For instance, people are simply directing more spend at gift cards this holiday season. Not All ‘Gift’ Cards Are Gifts .
PYMNTS
MAY 16, 2019
Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.
PYMNTS
APRIL 17, 2020
To reportedly help it compete with Apple Pay and the Apple Card, Google is creating its own tangible and virtual debit cards. The tech company’s debit card will have the brand of Google along with its partnered financial institution; however, it is not known what the offering’s name will be.
PYMNTS
JANUARY 20, 2021
Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card. He cited the National Retail Federation , which found gift cards have been a top gift for over a decade. “If
PYMNTS
JULY 15, 2020
Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs , Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July 15). To use Apple Pay, customers tap the card icon in the Afterpay app, which then activates the Afterpay card in the Apple wallet.
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.
PYMNTS
JANUARY 28, 2021
One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. consumers have shifted to digital shopping channels to purchase retail products, a fourfold increase since the start of the pandemic. The report finds that 45 percent of U.S.
PYMNTS
JANUARY 27, 2021
In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement. For an introvert like me there was always a moment of anxiety.
PYMNTS
SEPTEMBER 23, 2020
23) announcement that the card is now available in France, Austria, Italy, Ireland and Spain beyond its current availability in the United Kingdom, Germany and the United States. percent cash back on all of their eligible spending with the debit card. The companies said in a Wednesday (Sept. In the U.S.,
PYMNTS
MAY 8, 2020
Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. It was also the first platform to introduce a cashback service for online shopping and recently added support for Swipe’s cryptocurrency Visa cards. has seen slow adoption compared to other regions.
PYMNTS
JANUARY 13, 2021
In the months to come, the retailer will roll out Synchrony-issued credit cards in addition to a prepaid debit card that will be fueled by the Mastercard network, according to a Wednesday (Jan. The credit cards will link up with myWalgreens , the retailer's new customer rewards program. 13) announcement.
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