PYMNTS

JANUARY 3, 2020

Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans. The retail sector is among the largest employers in the U.K.,

Retail 131

Retail Samsung National Taxes 131

PYMNTS

DECEMBER 7, 2020

With the holiday shopping season in full swing amid the global pandemic, online commerce is booming. Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues.

Capital 356

Capital Online Tools Lending 356

PYMNTS

FEBRUARY 25, 2020

Kraft Heinz, one of the world’s prominent global food and beverage companies, operates Evolv through a team effort, involving food, startup and venture capital professionals. He said Fabric’s goal was to “change the game” in how businesses operate. Online sales still aren’t a huge force in grocery retail in the U.S.

Lending 130

Lending Retail Capital Operations 130

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

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

Perficient

FEBRUARY 17, 2023

Taking out a credit card and entering its number is a friction point that can cause consumers to abandon both online purchases (7% of abandoned online carts are due to not having a credit card handy or the same credit card accepted by the merchant) and in-person purchase decisions.

San Francisco 275

San Francisco Cards Online Payments 275

PYMNTS

JANUARY 19, 2021

The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs. In an effort to strengthen its offerings to SMBs, Romania’s NETOPIA Payments is integrating a lending feature from Bulgaria’s TBI Bank. TBI Bank Partners With NETOPIA Payments. The Czech Republic’s Komer?ní

Fintech 341

Fintech National Groups Tools 341

PYMNTS

MARCH 20, 2020

Banking giant HSBC and Cainiao Network Technology, which is a logistics arm of Alibaba Group , have announced they will offer rapid finance approvals to online merchants that use Chinese shopping site Tmall, according to reports. Eight virtual banks are starting operations this year. The competition will be keen.

Big Data 203

Big Data Lending Regional Operations 203

Abrigo

AUGUST 26, 2019

The session is among several panel discussions and speaker sessions that are part of the Lending + Credit Risk track at the conference, hosted by Abrigo Sept. Stay Up-to-Date On Lending Best Practices. customers than traditional retail banks earned in the firm’s study of retail banking satisfaction. Learn More.

Conference 150

Conference Lending Oklahoma Alabama 150

Bank Innovation

FEBRUARY 7, 2019

Wells Fargo customers nationwide are experiencing technical difficulty accessing the San Francisco-based bank’s online and mobile banking services.

San Francisco 170

San Francisco Online Mobile System 170

PYMNTS

AUGUST 10, 2018

The biggest story this week in grocery came, as it often does, care of the new Whole Foods Market as operated by Amazon. As a benefit for Prime members, customers who order their groceries online from Whole Foods will be able to pick them up curbside within 30 minutes. No, seriously.

Lending 100

Lending New Hampshire Sacramento Online 100

PYMNTS

APRIL 22, 2020

In a time period dominated by retail sales declines, the hardest hit has been the automotive industry. While March retail sales dropped 8 percent overall, new cars dropped as much as 36.9 Online auto sales are the only game in town. A small percentage of car purchases were made online last year.

Marketing 195

Marketing Online Video Industry 195

PYMNTS

SEPTEMBER 29, 2020

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In retailer’s account, and then pay the exporting SMB the remaining 10 percent to 20 percent of the invoice (less a fee). trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. prepaid services, P2P lending, etc.). Banking Events American Banker Retail Banking Retail Banking Conference' Even labor saving technology (e.g.

Conference 100

Conference Retail Community Austin 100

Bank Innovation

JANUARY 23, 2018

EXCLUSIVE – The two fundamental keys to most challenges retail banks and payment companies face on the innovation front are personalization and efficiency, according to Alberto Corvo, a founding partner at fintech focused investment firm Motive Partners.

Innovation 186

Innovation Retail Fintech Payments 186

PYMNTS

JUNE 14, 2016

There is little we find more inspiring than money moving from one point to another, with the possible exception of how better, smoother transfers can be used to reinvent a consumer’s entire retail (and perhaps living) experience. Things aren’t exactly looking better in the post-Lending Club, increased interest rate era.

Lending 100

Lending Conference Capital Report 100

PYMNTS

FEBRUARY 4, 2020

Google’s parent, Alphabet, reported fourth-quarter results with gains in search and YouTube businesses, while cloud outpaced the growth rate of those operations. Grab acquired Singapore’s robo-advisory Bento, which it plans to rebrand as GrabInvest and use to offer retail wealth management to users, drivers and merchant partners.

Payments 130

Payments Lending Maine Retail 130

Accenture

OCTOBER 14, 2019

Guest blogger Markus Naumer examines how digital payments technology is enhancing credit lending and showing promise in addressing consumer credit-aversion challenges. Digital credit for consumers is an underpenetrated and underestimated opportunity for banks and retailers alike.

Payments 150

Payments Lending Examples Innovation 150

PYMNTS

AUGUST 11, 2017

Small businesses and startups need to grow — and online lenders of varying stripes have grown up to meet that need. Once easily categorized as “the alternative financial services players” through white labeling, partnerships and acquisitions, these alternative online lenders are very much becoming part of mainstream operations.

Lending 117

Lending Capital Video Online 117

CFPB Monitor

SEPTEMBER 14, 2020

The report discusses the Bureau’s examinations in the areas of consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending that were completed between September 2019 and December 2019. Fair lending. Payday lending. Key findings are described below. Consumer reporting.

Lending 78

Lending Report Regulation Exercises 78

PYMNTS

JULY 3, 2019

Reports in American Banker on Tuesday (July 2) said the bank is collaborating with alternative small business lending company Fundation to strengthen its SMB lending position. “We Small businesses can apply within bank branches and online for loans of up to $250,000, reports said.

Community Bank 116

Community Bank Community Fintech New Jersey 116

PYMNTS

DECEMBER 30, 2019

The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions. Singtel will hold a 40 percent stake and Grab will hold 60 percent, according to the release. Singtel and Grab will know if their application has been accepted by mid 2020, reports state.

Digital Banking 134

Digital Banking Groups Online Regional 134

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin 131

Austin Lending Omaha New York City 131

Bank Innovation

JUNE 11, 2018

In its two years of operation, it has already issued loans totaling over $370 million in Norway and expanded into Finland. Like many other challenger banks, Instabank offers lending products through its website, but the bank has taken their goal of […].

Meeting 186

Meeting Technology Lending Operations 186

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Overall, year over year, online fraud attacks have spiked 215 percent.

Lending 100

Lending Mobile Cards Fraud 100

PYMNTS

JANUARY 25, 2021

These plans fund retail purchases that consumers can then pay off over time in typically four installments. Buy now, pay later options have developed differently across nations, with trends in C hina seeing retailers often providing their own installment payment plans rather than offering third-party plans at checkout.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

SEPTEMBER 9, 2019

JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. The app has e-wallet capabilities, digital lending services and wealth and insurance management.

Groups 125

Groups Google Lending Online 125

PYMNTS

NOVEMBER 30, 2020

“That mental comfort of ‘I have the money’ changes the behavior of how merchants operate, how they push off bills, how they pay bills, how they pay their employees,” he said. He cited American Express’s acquisition three months ago of online lender Kabbage as an example. Don’t Put Too Much Faith In Credit. Innovation Vs. Incumbency.

Fintech 211

Fintech Innovation Analytics Seattle 211

PYMNTS

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

DECEMBER 4, 2020

In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises. The banks signing on to the new offering include marquee names such as Goldman Sachs, Barclays and Citigroup.

Lending 224

Lending Meeting User Experience Innovation 224

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

JULY 23, 2018

The idea is to expand into financial services, including lending and insurance, within the payment platform. which will bring the value of the online retailer to around $1.9 It confirmed its investment in the online marketplace Paytm Mall, which competes with Amazon’s Indian unit, as well as local online retailer Flipkart. “We

Payments 100

Payments Samsung Online Retail 100

PYMNTS

JULY 8, 2016

Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. Investor Confidence In Marketplace Lending. Next time, guys? SMB Working Capital. Woot, woot!

Lending 101

Lending Samsung Online Capital 101

Bank Innovation

AUGUST 22, 2018

Unity Bank, with $450 million in assets, has begun to leverage loan technology to streamline its commercial lending and consumer lending processes. Bank Innovation spoke with Unity Bank senior vice president and commercial lending manager Darrin Wilson on what “streamlining” will mean […].

Lending 225

Lending Innovation Technology Management 225

PYMNTS

JANUARY 7, 2020

Research companies predict for the digital lending market in Southeast Asia to more than quadruple to $110 billion in the next five years. Their holders can take deposits from retail customers, but must have $1.5 Their holders can take deposits from retail customers, but must have $1.5 Winners will be announced in mid-2020.

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

PYMNTS

AUGUST 22, 2019

Some of the different programs that Amazon invests in to help SMBs include: Amazon Storefronts , Amazon Handmade , Amazon Launchpad , Amazon Business , Fulfillment by Amazon , Amazon Global Selling , Merch by Amazon , and Amazon Lending, a program created to aid the growth of a business. . There are upwards of 200 apps available. .

Tools 184

Tools America Retail Survey 184

PYMNTS

AUGUST 17, 2020

PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective. Local and regional businesses help shape the shopping experience at each of our properties and lend value to our portfolio.”. In a trade publication. “We

Philadelphia 164

Philadelphia Regional United States Community 164