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Getting real about real-time payments in the United States

Accenture

The global real-time payments market is projected to reach about $26 billion by 2023. ². Instant payments are also top-of-mind as customer experience becomes the currency of competitiveness in retail and commercial payments. The United States is an instant payments laggard compared to the rest of the world. It is a hydra.

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Retailers Brace For Muted Back-to-School Spending

PYMNTS

The increasingly likely scenario that many students in the United States, Europe and the United Kingdom will be resuming school at their kitchen tables has retailers that usually cash in every late summer biting their financial nails. Deloitte predicted roughly flat year-over-year U.S. back-to-school spending of $28.1

Retail 130
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U.S. Government’s ‘Notorious Markets’ Piracy Report Lists Multiple International Amazon Sites

PYMNTS

In the “Notorious Markets” report by the Office of the U.S. The office pointed out claims of counterfeit merchandise sold on the eCommerce retailer’s sites in the United Kingdom, Canada, India, France and Germany, Reuters reported. Amazon did not reply immediately to a Reuters request for comment. on the list.

Report 175
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FTI Says US Online Retail Sales Likely To Surpass $1 Trillion By 2027

PYMNTS

The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. The firm expects eCommerce to grow from the current figure, $445 billion, as consumers continue to move away from traditional retailers.

Retail 114
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How Clandestina (Literally) Snuck Into The US Market

PYMNTS

There are many, many retailers and brands trying to outfit the world, and standing out in the crowd is difficult. And while those numbers aren’t likely to keep Amazon or H&M up at night, for a small Cuban eCommerce startup operating out of nation where internet access is patchy and from which the company can’t ship goods directly to U.S.

Marketing 198
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Why The Biggest US Retailer Will Stick To Stamps

PYMNTS

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169
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Western Union CFO On Q2 And The New-To-WU Consumers’ Big Digital Shift

PYMNTS

This is not a shift because this digital growth isn’t coming at the expense of our retail business so much as it is about getting new customers to the category and other customers from other parts of the remittance market, like banks and other digital financial services providers.”. Earnings likewise fell sharply to $161.9