PYMNTS

MARCH 30, 2020

Cash flow has never been more critical to businesses as it is right now, and both the private and public sectors are taking action to ensure B2B payments continue to flow through the supply chain. ” Despite the initiative, the impact of the coronavirus pandemic on B2B payments flow has been inconsistent throughout the globe. .”

Payments 223

Payments Marketing Retail Report 223

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. The estimated value of the global intelligent vending machine market by 2025 is $15 billion.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

JUNE 2, 2020

Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. It reported 52.4 Through May 15, only 51.35

Retail 130

Retail Report Payments Maryland 130

PYMNTS

OCTOBER 28, 2020

Many of those who are still employed continue to work remotely from home, making it abundantly clear that the digital-first market that has emerged since the pandemic’s outset will likely persist for the foreseeable future. Across The Payments Orchestration Ecosystem. percent until 2025, when it is poised to reach $42.9

Payments 257

Payments Report Operations United States 257

PYMNTS

AUGUST 1, 2019

After a better-than-expected earnings report and an upbeat round of guidance for the rest of the year, shares of Shopify were trading up when markets opened on Wall Street today (Aug. billion, while gross payments volume jumped to $5.8 Gross merchandise volume (GMV) increased by 51 percent to $13.8

Operations 109

Operations Retail System Software 109

Bank Innovation

SEPTEMBER 4, 2019

Square, which is best known for its physical and digital payment solutions, is building out its product ecosystem to manage nearly all of the operational needs of retailers.

Retail 253

Retail Operations Online Management 253

PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. It produced several payment trends, which can be found in the How We Shop report. Take a look at how they operated before the pandemic. The numbers speak for themselves.

Retail 295

Retail Branding Minneapolis Trends 295

PYMNTS

NOVEMBER 16, 2020

Rakuten , a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores. Tentatively called Rakuten DX, the new unit will launch schemes for digital transformation at retailers’ physical shops, Rakuten said in a statement on Monday (Nov.

Retail 217

Retail Tools Online Meeting 217

PYMNTS

JUNE 26, 2020

Iain McNicoll , VP of Americas/SMB for payments platform Payoneer , recently told PYMNTS that eCommerce’s market share has risen to 27 percent from just 16 percent when the pandemic began. McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months.

Retail 318

Retail Online Capital ATM 318

PYMNTS

MAY 4, 2020

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard’s European businesses cater to more than 950 million people via business partnerships with retailers, financial institutions (FIs) and other companies.

Operations 141

Operations Regulation Regional Retail 141

PYMNTS

DECEMBER 14, 2020

They are using everything from cash to mobile wallets to complete these transactions, requiring retailers to race to accommodate a wide variety of payment methods. She explained that consumers do not generally think much about the payments piece of the shopping experience unless it does not work.

Payments 349

Payments Online Retail Mobile 349

PYMNTS

MARCH 11, 2019

In the age of digital payments, mobile point of sale systems (POS) are making inroads with the promise of time-saving conveniences for merchants. Retailers are becoming more interested in omnichannel offerings: The PYMNTS mPOS Tracker found that 67 percent of those surveyed listed it as a priority for this year.

Retail 213

Retail Technology Atlanta San Francisco 213

PYMNTS

JUNE 15, 2020

The United Kingdom-based mobile commerce company recently completed the installation of the new payment option on SoftBank phones, so that customers can make purchases without having to whip out a credit card or punch in a credit card number, Bango noted in its press release. a subsidiary of SoftBank Corp. “We

Mobile 150

Mobile Marketing Payments Cards 150

PYMNTS

AUGUST 21, 2019

Emotions play a significant role in all human endeavors, and that certainly goes for payments and commerce. Indeed, the role of emotions in payments and commerce in this digital age looks sure to grow even more. Retailers and companies involved in retail-and-payments-related ecosystems are getting into the facial recognition game, too.

Retail 185

Retail Payments Analysis Software 185

PYMNTS

MAY 29, 2019

Gig, eCommerce and public utility firms are putting the spotlight on payment innovations to remain competitive in markets that are becoming increasingly saturated. In contactless payments news, only a small fraction of payments in the United States avoid the swipe or chip card reader.

Innovation 139

Innovation Marketing Payments United States 139

PYMNTS

SEPTEMBER 30, 2020

Dramatic shifts are underway in the retail sector as it adjusts to consumers’ increasingly digital preferences. Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. Australia-based installment payment provider Afterpay , for example, has seen its revenues hit $3.8

Payments 279

Payments Millennials Retail Trends 279

PYMNTS

MARCH 30, 2020

Consumers shopping in droves via eCommerce channels is hardly a piece of breaking news — for the better part of a decade, that has been obvious to anyone watching the retail space. They are, Fiserv Senior Vice President of Retail Solutions John Nicola told Karen Webster in a recent conversation — and in great numbers.

Retail 177

Retail social media Millennials Branding 177

PYMNTS

NOVEMBER 9, 2020

Now there are signals that a physical retail rebound is forming up. presidential election in the rearview mirror and 2021 right around the corner, a new shift is underway: the slow but certain move back to shopping inside retail stores — an experience that people still crave for the experiential joy it brings. With the U.S.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

AUGUST 30, 2020

India's retail competition between Walmart ’s Flipkart , Amazon and Reliance Retail Ventures is expected to intensify. 29) that it plans to buy Future Group ’s retail divisions for 247 billion rupees ($3.4 Mumbai-based Future Group, India's second-biggest brick-and-mortar retailer, is a conglomerate founded by Kishore Biyani.

Retail 140

Retail Groups Marketing US 140

PYMNTS

JULY 9, 2019

Automated retail might conjure up images of robot cashiers, but beyond a few convenience stores in Japan and Korea, that sci-fi development hasn’t yet become reality for the wider world. The latest Automated Retail Tracker explores these trends and new developments in the unattended retail space.

Retail 180

Retail Houston Minnesota Austin 180

PYMNTS

NOVEMBER 3, 2020

The food and grocery supply chains within India look a lot different, too, with local mom-and-pop Kirana stores facing a fragmented market to procure the items they need for their customers. That can only happen, however, if the technology is able to meet the unique needs of India's market. Catalyzing The Payments Ecosystem.

Payments 211

Payments Retail United States Online 211

PYMNTS

AUGUST 28, 2019

continues to grow its eCommerce and grocery operations – same-day grocery delivery is now available to most of the store’s members, the company recently said – as the merchant continues to bask in the glow of besting Amazon in an important customer satisfaction index. Additionally, the smartphone market is getting saturated.

Marketing 101

Marketing Retail Trends Apple 101

PYMNTS

MAY 10, 2019

Vending machine operators have become increasingly attentive to the demand for swift digital payment options, and have benefitted from significant sales growth after enabling cashless payments. households, retailers that enable digital payments while dropping cash are less than convenient. However, for the 8.4

Retail 161

Retail Chicago Pennsylvania Trends 161

PYMNTS

JANUARY 25, 2019

With PSD2 in full swing in the European Union (EU), any merchant dealing with the payment data of EU citizens must upgrade their payment protocols to stay compliant. The Tracker also looks into how PSD2 could potentially serve as guidance for other countries that may be reevaluating their own rules on data privacy and payments.

Operations 195

Operations Regulation Data Trends 195

PYMNTS

APRIL 30, 2019

The rise of smart vending machines, driven by data and contactless payments, has the power to upend the way we shop, building loyalty and speeding adoption of contactless payments along the way. The Changing Retail Footprint. This has become an irreversible trend,” he said.

Retail 138

Retail Data Operations Payments 138

PYMNTS

SEPTEMBER 28, 2020

Not every product launches smoothly (RIP Fire Phone ), not every new endeavor delivers (Amazon’s flirtations with offering a travel platform ended abruptly) and not every new market immediately yields. Amazon still has mountains to climb, even as the market is softening toward them. based consumers. Amazon is the biggest winner.”.

Marketing 237

Marketing Survey Online New York 237

PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. Stores As Social Centers.

Community 269

Community Retail Strategy National 269

PYMNTS

MARCH 31, 2020

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless. UR Making Me Laugh.

Retail 140

Retail Texas Illinois Seattle 140

PYMNTS

JUNE 27, 2019

These retail models cater to customers who are on the go by offering seamless experiences and convenient payment methods. Such locations can be critical in expanding retail options for smaller cities and towns, too, and staff-free grocery store Farmhouse Market seeks to do just that for consumers in New Prague, Minnesota.

Operations 105

Operations Minnesota Security Policies 105

PYMNTS

SEPTEMBER 6, 2019

Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Big Retail.

Retail 121

Retail Innovation Colorado Payments 121

PYMNTS

OCTOBER 8, 2020

8) global retail sales growth excluding foreign currency impact of 14.8 During the third quarter, the pandemic continued to drive a favorable tailwind for food delivery, coupled with a challenging operating environment,” Domino's CEO Ritch Allison said on a call with analysts in terms of the company’s U.S. 15 for payment on Dec.

Retail 130

Retail Report Operations Marketing 130

PYMNTS

JUNE 3, 2019

The rise of eCommerce has done much more than change the way consumers shop (which, in turn, has helped to change the way consumers think about payments). Online retail has had a tremendous impact on logistics, further evidence of which emerged on Monday (June 3). and other retailers to fulfill orders from online shoppers.”

Retail 198

Retail Online Groups America 198

PYMNTS

JANUARY 10, 2020

Coffee retailers are tapping into digital technology that helps them grow their reach beyond their stores, especially in China, where competition has been brewing between Chinese coffee chain Luckin Coffee and Starbucks. For its part, Luckin has 4,507 self-operated stores as of the close of last year.

Retail 131

Retail Detroit Michigan Branding 131

PYMNTS

JANUARY 21, 2020

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world. Commerce operators such as Macy’s and Timberland , for instance, are showing how to use virtual reality-equipped smart mirrors for such tasks from product testing to checkout. billion via retail and marketing in 2022.

Retail 210

Retail Trends Washington Technology 210

PYMNTS

NOVEMBER 9, 2018

The ascent of eCommerce and the digital tools that support it have made it easier — in both theory and practice — for retailers to not only see how consumers browse and what they buy (to analyze the entire path to purchase), but to get to know them in the same ways as those old-time general store operators who served small towns.

Innovation 174

Innovation Retail Maine Security 174

PYMNTS

DECEMBER 4, 2020

The hot new thing in “Big Retail” is offering in-house advertising on your website to your vendors – because why get paid only once on a purchase if you can get paid twice? In short, retailers get paid to place the ad, and then get paid again when the merchandise is sold.

Retail 216

Retail Trends Branding Groups 216

PYMNTS

JULY 5, 2020

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. The GSA is estimated to spend around $6 billion per year on open market credit card purchases.

Online 149

Online Retail Washington Fraud 149