Bank Innovation

APRIL 19, 2019

The Chicago-based bank is accepting applications from fintech startups for the 2019 BMO Harris/1871 Innovation Program through the end of the day today. BMO Harris Bank is expanding the scope of its in-house accelerator from a local to a national program. Ben Schack, Head of U.S.

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PYMNTS

NOVEMBER 10, 2020

In merchant innovation, consumers are increasingly beginning their shopping trips online , and a growing number are deciding to finish their journeys there. Data: $80M : Amount of the recent capital infusion for Chicago-based Cooler Screens. All this, Today in Data. 5.4% : Portion of U.S. households counted as unbanked in 2019.

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PYMNTS

FEBRUARY 24, 2020

As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. So, what constitutes experiential marketing for retailers? Wine and cheese for the shoppers?

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Bank Innovation

MAY 1, 2020

BMO Harris Bank and Chicago-based incubator 1871 have unveiled plans for their annual fintech mentorship program, and this year they are shining a light on female-led fintechs.

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PYMNTS

AUGUST 30, 2018

Brands might want a space to test new concepts with shoppers in brick-and-mortar retail environments, but they don’t always want the time and expense involved in building out a permanent store. Cosmetic firm Glossier opened a new retail store on Chicago’s West Loop on Aug. Beauty Pop-Up Shops.

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Bank Innovation

MAY 22, 2017

12, 2017 in Chicago. Retail sales as a percentage of GDP exceed 50% for the largest economies in the world, and increasingly the future growth of the retail sector will be tied to the development and adoption of new commerce […].

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PYMNTS

FEBRUARY 7, 2020

Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

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PYMNTS

JUNE 27, 2019

To provide consumers with fresh, on-the-go food in an eco-friendly way, innovators in the culinary space are bringing salads and other options to vending machines. At the same time, according to the latest PYMNTS Automated Retail Tracker , the estimated number of vending machines in the U.S. The Automated Retail Market .

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PYMNTS

NOVEMBER 14, 2019

The latest example of the power of those digitally-enabled innovative efforts comes from online freight marketplace operator Convoy. Earlier this year, Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. As The Wall Street Journal reported this week (Nov. Uber’s Move.

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PYMNTS

MARCH 11, 2020

The advance of Amazon’s cashierless technology is not a new story to the retail beat as of 2020. with new openings scheduled for New York, Chicago, Seattle and San Francisco on the agenda for his year. with new openings scheduled for New York, Chicago, Seattle and San Francisco on the agenda for his year.

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PYMNTS

DECEMBER 14, 2018

Retailers are bringing experiential stores to big cities, and Starbucks is no exception: The coffee chain was set to open its Starbucks Reserve Roastery New York City on Friday (Dec. With premium coffees, teas, mixology and the iconic Milanese Princi Bakery, it serves as a Starbucks brand amplifier and a platform for future innovation.”

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PYMNTS

JULY 10, 2019

Product and eCommerce Innovation. The company is also focusing on local retail around Chicago. One retailer that it is hoping to work with, for instance, is a high-end 7-Eleven-style store that sells mostly healthy craft snacks. And some of the company’s differentiators include the textures and the flavors.

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PYMNTS

DECEMBER 12, 2018

Since then, the eCommerce retailer has brought the store to other locations in the city and Chicago as well as one location on the way in Lower Manhattan. That’s the concept behind companies like DeepMagic , which provide a platform for retailers to offer their customers grab-and-go transactions through kiosks.

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PYMNTS

MARCH 13, 2019

Luxury department store retailers are combining digital shopping technology with dining experiences in their latest locations as part of their overall innovation plans. Neiman Marcus is gearing up to open what it describes as a “multi-level retail experience” at a new development in Manhattan. Hudson Yards.

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PYMNTS

SEPTEMBER 25, 2019

But as time passes and a new decade approaches – one that promises even higher levels of digital innovation and disruption – it’s becoming ever more clear that 5G mobile network technology will help power the so-called Industrial Revolution 4.0. Those trends reportedly are playing out at Chicago-based Rush University Medical Center.

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PYMNTS

MAY 30, 2019

As well, the current growth in voice-assistance technology in retail will play out in healthcare in its own way, thanks in large part to 5G, according to the report. “5G As well, the current growth in voice-assistance technology in retail will play out in healthcare in its own way, thanks in large part to 5G, according to the report. “5G

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PYMNTS

SEPTEMBER 28, 2016

The retail industry is facing a virtual change: virtual reality. InContext Solutions announced it’s collaborating with Intel to develop new virtual reality (VR) hardware and software for the retail industry. But in the meantime, the retail industry is the next to be infiltrated by VR.

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Bank Innovation

APRIL 23, 2019

The bank also wants to expand its physical retail branch footprint, according to its president and CEO, Greg Carmichael. billion acquisition of Chicago-based MB Financial Inc., For Fifth Third Bank, customer service is not just about digital transformation. As a result of the bank's $4.7

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PYMNTS

SEPTEMBER 20, 2019

Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. From Amazon to Uber and Walgreens, retailers and eCommerce platforms are tapping into drones to expand their omnichannel offerings by providing consumers with easy access to their favorite products.

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PYMNTS

OCTOBER 23, 2018

To help shoppers check out without waiting in line, grocery retailers are rolling out entire stores centered around cashierless shopping experiences, enabling consumers to purchase fresh food and grocery items with a mobile payments app. The news comes as Amazon also launched an Amazon Go location in Chicago.

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PYMNTS

NOVEMBER 4, 2020

Carvana has been an innovator in the space, with its high-profile vending machines in multiple major markets. Data: 293%: Increase in the Chicago Tribune’s digital subscriptions in March. All this, Today in Data. 64.4K: Number of units Carvana sold in Q3. 32.9%: Amount by which the U.S.

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PYMNTS

JUNE 21, 2019

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

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PYMNTS

JULY 30, 2020

Walmart has reduced its workforce by laying off hundreds in its logistics, real estate and retail location planning divisions as it simplifies its business and reduces its expenses, Bloomberg reported, citing unnamed sources. Our goal is to deliver that experience while increasing innovation, speed and productivity,” she continued.

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PYMNTS

APRIL 12, 2016

That’s the mantra of innovators everywhere. 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.

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PYMNTS

DECEMBER 7, 2018

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. As it stands, Amazon Go stores in Seattle, Chicago and San Francisco use the cashierless technology. In Other Brick-And-Mortar News.

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PYMNTS

AUGUST 10, 2018

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

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PYMNTS

FEBRUARY 6, 2018

Fanatics , a company that sells Team USA merchandise, has taken a novel approach to Olympic retail this year with a physical store in a major U.S. The store marks a milestone for Team USA: It’s their first in-person retail store outside the Olympic Training Center in Colorado. Retail Gold.

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PYMNTS

MAY 4, 2019

The realm of quick service restaurants (QSRs) is and actually always has been a pretty innovative space. That honor fell to Ray Kroc — who made the idea famous when he opened the first McDonald’s franchise in Chicago eight years later. If you’ve never heard of Red, before, it’s because he’s not the guy who became famous for the idea.

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PYMNTS

OCTOBER 11, 2017

In those early years, the company’s safes were some of the only ones to withstand the Great Chicago Fire of 1871, and the company was commissioned to build the world’s largest safe for Wells Fargo’s San Francisco branch in 1874. That’s because retailers have so far been quick to jump on the connected commerce bandwagon.

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PYMNTS

MARCH 11, 2020

A Newark Airport store will start using Amazon’s Just Walk Out cashierless technology on March 16, just days after the company announced it was licensing the platform to retailers, according to reports on Wednesday (March 11). . with new openings scheduled for New York, Chicago, Seattle and San Francisco on the agenda for his year.

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PYMNTS

SEPTEMBER 29, 2020

But there are plans to expand it across Seattle, New York, Chicago and San Francisco, the company said. If it’s a hit with users, Amazon plans to bring it to other retailers as well as performance venues and the nation’s offices.

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Perficient

AUGUST 14, 2020

This same shift has been occurring within retail for over a decade and has taken precedence over building storefronts. A digital network is a platform that is dynamic enough to handle a variety of transactions; in healthcare, this would include virtual care, digital engagement, consumerism and retail offerings.

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PYMNTS

AUGUST 7, 2019

Ballbox Founder and CEO Alexander Hejazi, for instance, moved to Chicago after college with all the essentials but didn’t have the items he wanted to use at the beach. The concept serves as an experiential marketing avenue for product manufacturers and retailers. The company recently opened a location at North Avenue Beach in Chicago.

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PYMNTS

DECEMBER 5, 2018

and Walgreens announced Tuesday (December 4) that the two are expanding a pilot announced in October to introduce Kroger Express and Home Chef retail meal kits. We are redefining the customer experience in a variety of ways through Restock Kroger, including innovative partnerships like our test-and-learn pilot with Walgreens.

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PYMNTS

JUNE 22, 2016

With so much data available, is your organization harnessing it in the most efficient way in order to truly reap all the benefits of big data including driving innovation and improving the customer experience? Prior to working at Enova, he served as Director and Practice Leader of Advanced Analytics for Chicago-based West Monroe Partners.

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PYMNTS

OCTOBER 9, 2018

The changing nature of retail has been challenging for pharmacies. Sales of things like personal care products, cosmetics and various other household goods have been slipping, as consumers are increasingly stocking up online or at alternative retail venues like dollar stores for those types of items. in early 2019.

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PYMNTS

JANUARY 10, 2020

The payments and commerce ecosystem got busy getting busy this week as the first full week of 2020 kicked off the press releases began raining down from the sky from the year’s early bird innovators. Digital is transforming global retail, and it will transform McDonald ’s,” said CEO Chris Kempczinski. “At

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