Black Friday sets online, mobile shopping records

Mobile Payments Today

showed more consumers embracing mobile and general online shopping for the best deals. Black Friday shopping figures in the U.S. Meanwhile average order volume increased, showing more willingness to make big ticket purchases via smartphone

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Online Gaming’s Winning Payouts Plan

PYMNTS

But George Connors , senior vice president of gaming and sports solutions at Fiserv , told PYMNTS in a recent conversation that other things have remained the same — like online gaming. market as regulatory restrictions were lifted from online gambling in recent years.

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Online Retail’s Next Phase: From Adapt To Accelerate

PYMNTS

Obviously, consumers are looking to buy everyday goods online as opposed to going inside a store, [and] we effectively have seen two to three years of eCommerce growth in a matter of three or four months.

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Odds Are That Online Sportsbook Wins Big Post-COVID

PYMNTS

Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. How much potential does online gambling have?

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How online gaming created a challenger bank

Chris Skinner

What was not surprising is that the lion’s … The post How online gaming created a challenger bank appeared first on Chris Skinner's blog. I was chairing a panel with a number of different players, one of which was Monzo.

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The Best Online Banks Right Now

Bank Innovation

Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet. There are many benefits to explore in this area, and it’s not a bad idea to check out what some online banking services can do for you […]. Innovations Mobile Online Open Fintech Operations Payments Retail Risk Security Social Media Sponsored Startups Brainwave Technologies Chime Bank CIT Bank TIAA

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Digital Shifts In eCommerce And Online Banking

PYMNTS

30%: Share of Gen Z consumers opting for online-only bank accounts. Today In Data Commerce data Digital Banking digital shift ecommerce online banking payments Retail Today in DataeBay ’s CEO outlined his vision for growth in its Q2 earnings call, as the company benefited from the pandemic-driven digital shift.

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Amazon Launches Online Pharmacy In Bengaluru, India

PYMNTS

Amazon India has added an online pharmacy to its offerings in Bengaluru, one of the nation’s largest cities with a population of nearly 12 million. the state agency that manages liquor licenses, granted approval for Amazon to sell alcohol online.

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Pet Spend Shifts Online With Pandemic

PYMNTS

Our online growth is actually representative of a larger shift toward omnichannel shopping where more and more customers are shopping in multiple channels like in-store, online, with services and our vet clinics. Americans spent $95.6 billion in 2019 feeding and caring for their pets.

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How Subscriptions Bridge The Online/Offline Learning Divide

PYMNTS

How Outschool Is Taking A Flexible Approach To Meeting Demand For Online Education. Online classes are another key growth area for subscription, as manifested by the success of providers like Peloton , which has stood out for its robust online fitness offerings. Providers must also take into account platform security and the concerns of parents, Amir Nathoo, co-founder of the online class marketplace Outschool , explained in a recent interview with PYMNTS.

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Online Wholesaler Boxed Looks For Buyers

PYMNTS

online wholesale retailer sometimes called “Costco for millennials,” is seeking a buyer, Reuters reported. Boxed , the U.S.

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India’s Online B2B Marketplace Beldara Grows

PYMNTS

Mumbai, India-based online business-to-business (B2B) marketplace Beldara is planning a global expansion to link more international suppliers with overseas buyers, reports said on Thursday (Jan.

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Online Loans Confound Experts With Lower-Than-Expected Impairments

PYMNTS

Personal, unsecured loans issued through online lenders like Best Egg , LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. Loans alternative lending Lending loans News online lending What's Hot

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Panera Dials Up Online Grocery Business

PYMNTS

Panera Bread has entered the online grocery business. An analysis from RBC Capital Markets showed that Amazon’s online grocery arm could produce $70 billion in gross merchandise volume by 2023 – more than three times that of 2019 – becoming a material portion of its total revenue. “We

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Brands Go Direct To Consumer Online: Now What?

PYMNTS

Bringing a brand directly to consumers over digital channels was an option to consider in the pre-pandemic world — but the question for brands today in our radically digitized world is not if, but when, according to sticky.io Chief Operating Officer Ro Bhatia.

US Online Grocery Sales Hit $7.2B In June

PYMNTS

Online grocery sales growth continued in June as the pandemic continued to shape the way people shopped for necessities like food, according to a new survey by Brick Meets Click. In the last 30 days, the survey found that the number of online sales grew over 9 percent, hitting a record of $7.2

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London’s Notting Hill Carnival Moves Online

PYMNTS

31), this year’s Notting Hill Carnival, a London tradition since the 1960’s, can be enjoyed online and in living rooms. New this year because it’s online, viewers will be able to meet some of the people who work year-round to make the performances a reality.

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Millennials SME Owners Prefer Online Alternative Lenders to Tradtional Ones

Bank Innovation

Online alternative lenders are gaining momentum with U.S. SMEs have used online alternative lenders (P2P lenders or marketplace lending platforms) […]. DataBank Lending Online Open Fintech Startups alternative lender millenial investing SME lendingsmall businesses, specifically and unsurprisingly with those run by millennials, according to a new report by Mercator Advisory Group.

SPAC, Online Homeseller Opendoor Ready IPO In $4.8B Deal

PYMNTS

Opendoor , founded in 2014, focuses on letting consumers buy and sell homes online. Real estate platform Opendoor is set to go public via a merger with blank-check company Social Capital Hedosophia II in a deal that will value the combined company at $4.8 million.

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Easing SMBs’ Digital Transformations Through Online Payment Acceptance

PYMNTS

Among the numerous ways small businesses have been affected by the global pandemic, the sudden race to launch online operations has been among the most profound — and may ultimately be among the most long-lasting changes to the SMB community.

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Baidu, China Citic Online Bank Approved

Bank Innovation

China Citic Bank and search engine Baidu got the greenlight to go forward with their joint online banking venture. The bank will be exclusively online, according to reports, […]. Exclusive Lending Online Payments Retail Baidu China Citic Bank online bankingThe venture received regulatory approval from the Chinese authority Tuesday. The digital bank, which is called aiBank, will offer deposits and loans to individuals and small businesses.

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Licking Your Online Applications

Banker to Banker

Here is the funny thing about the tongue-brain connection - your brain can project, with a very high degree of certainty, what it will feel like if you lick any given object such as your desk, your shirt, car hood, a stucco wall, computer keyboard - you name it. This is despite the fact that you are likely to have zero experience in licking any of those objects in the past.

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Snoop Dogg, Kevin Durant and Howard Schultz invest in online cannabis delivery service Dutchie

Payments Source

Dutchie, an online cannabis delivery service for dispensaries, has raised $35 million by attracting rapper Snoop Dogg, basketball star Kevin Durant and former Starbucks CEO Howard Schultz as investors. Online payments Venture funding Cannabis

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Rising Demand For Flexible Payments, Online Grocery Services

PYMNTS

And in retail, online grocery platform Weee! Buy now, pay later (BNPL) options are particularly in demand, as they can lower cart abandonment and encourage shoppers to pay in installments for all sorts of items.

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Uber Cleared To Buy Online Grocer Cornershop

PYMNTS

The FNE said it was originally worried that Uber’s purchase of the app would stifle online delivery competition and launched an investigation, Reuters reported.

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Online Grocery Reaches Critical Juncture

PYMNTS

In short, consumers are ready to shop online for essential items, when they had not been willing to do that before the coronavirus pandemic. For example, Nielsen’s most recent purchase tracking shows that for the two weeks ended March 21, 2020, CPG sales (in-store and online) increased $8.5

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Shape Shifting: Future Trends Transforming Online Payments

Mobile Payments Today

FSS examines key trends reshaping online payments A rapid transformation is at play in the world of digital payments.

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Federal Workers Allowed To Purchase Supplies From Online Retailers

PYMNTS

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.

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Bolstering The B2B Buyer's Online Experience

PYMNTS

But there are more people working from home and not available in the office, and customers started to see that having B2B eCommerce and online ordering is much more meaningful now, compared to the traditional way they were doing it.".

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Visa: Real-Time Settlement, Online Marketplaces Help Put SMBs Back On The Road To Recovery

PYMNTS

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. percent of all Main Street businesses report using online marketplaces.

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DBS, Xero Create Online Payment Solution for Singapore SMEs

Bank Innovation

Singapore-based bank DBS has partnered with technology provider Xero to build an online payment solution for small and medium-sized enterprises, the companies announced today. Exclusive Online Payments DBS Bank online payments Singapore fintech SMEs xeroThe DBS-Xero solution will allow SMEs on the platform to simplify their bill payments, focusing on eliminating problems such as cash-flow—an area of struggle for one out of every three SMEs […].

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German Online Lender Kreditech Heads to India

Bank Innovation

EXCLUSIVE – German online lender Kreditech is making its way to India, Bank Innovation has learned. For this expedition, the fintech has teamed up with SaaS banking platform Mambu for providing short-term lending products specifically tailored to local consumers. Kreditech’s entry into the Indian market comes because of payment processor PayU’s involvement in the company […].

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Online Gambling And The Challenges Of Betting On Instant Disbursements

PYMNTS

The pandemic has shut down brick-and-mortar casinos in markets like the United States to help minimize risk, for example, leading consumers to turn to online casinos and sportsbooks. This is resulting in increased revenue for these online gambling platforms in states like New Jersey — trends in growth that may well continue after the crisis. There is one sticking point online casinos need to fix, however, and that is the speed at which consumers receive their winnings.

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Travelex Back Online After Cyberattack

PYMNTS

Money travel service Travelex is back online after a cyberattack forced it to use paper and pen to manually complete transactions for customers over the holidays, according to a report by Reuters.

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Online Shopping Trends in UK

Mobile Payments Today

Across age groups, UK consumers demonstrate extremely high confidence in online shopping

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