article thumbnail

U.S. Bancorp scrambles to keep pace in payments field

Payments Source

The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online shopping. Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future.

article thumbnail

60% of U.S. Bank Transactions Are Digital, COO Says

Bank Innovation

But that doesn’t mean the Minneapolis-based bank is giving up on branches. Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. Financial Services Conference this week. It has around 3,000 branches and 80% of its sales activity still takes place there Read More.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kids’ Eyeglasses Get A Mobile And 3D Makeover

PYMNTS

The needs of children are a driving force for online and mobile innovation and disruption. It’s not exactly unusual these days, of course, to find multiple eyeglass options online for both adults and children – the purchase of glasses was traditionally an expensive and friction-filled process before the spread of online sales.

Mobile 153
article thumbnail

Bank Branches of the Future Are Already Here, Says BofA

Bank Innovation

The future of the bank branch has arrived, and it all starts in Minneapolis (and Denver).

article thumbnail

Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over. More consumers are going online to shop and pay as the pandemic progresses.

Retail 295
article thumbnail

Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

But as the pandemic has progressed it has become increasingly clear that Target is also laying claim to the paycheck, and is often more innovative and digital-first than Walmart. So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. Back to the bottom line, which is the claim on the U.S.

article thumbnail

Building A DTC Men’s Personal Care Brand With eCommerce

PYMNTS

To provide men’s personal care items that feel like premium brands at accessible price points, eCommerce innovators are building product lines through the direct-to-consumer (DTC) model. And, beyond eCommerce, the company is in a few retail stores: One is Fourpost in Minneapolis in the Mall of America.

Branding 163