PYMNTS

DECEMBER 12, 2019

The thefts — which retailers call shrink — will result in lower operating profit margins in 2020, Home Depot executives told analysts and investors during a meeting. This is happening everywhere in retail,” Craig Menear, chief executive officer said. “We Home Depot’s claim is among the first times a big U.S. stores, said. “We

Atlanta 201

Atlanta Retail Study New York 201

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Fraud Case Study. Account Takeover Growth.

Retail 118

Retail Fraud Case Study San Francisco 118

PYMNTS

AUGUST 28, 2019

Retailers seeking to provide rapid deliveries face an ever-moving target as consumers’ definition of speed evolves. Studies suggest that even next-day delivery may be too slow. Retailers are embracing the BOPIS — or click-and-collect — trend as they seek to get an edge over Amazon and other eCommerce giants. Tractor Supply Co.

Retail 108

Retail Online Study Alaska 108

PYMNTS

JULY 5, 2020

The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 s Google and Temasek would be major scores for one of Southeast Asia’s biggest eCommerce operators. Google and Temasek Holdings Private Ltd. ,

Google 264

Google Regional Retail Groups 264

PYMNTS

JULY 20, 2017

million cardholder details are on sale for an average of $6 each, with prices varying dependent on the level of security associated with the card and cardholder. Unfortunately, it’s a sign that criminals continually seek to lower barriers to entry, which then put more criminals into the ecosystem and cost card brands, retailers and consumers.

Study 124

Study Online Course Cards 124

PYMNTS

JANUARY 18, 2021

First, on consumer sentiment, the Tracker says, “A recent study found that 60 percent of online customers expected fraud and scams to become more problematic during the holiday shopping season.”. Fraudsters will always be on the lookout for potential targets, especially during the holidays and other periods of increased retail activity.

Fraud 144

Fraud Security Study Retail 144

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. Another study found that 55 percent of U.S. Another study indicated that debit-related fraud is on the rise across the U.S.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

JANUARY 13, 2021

Retailers are devoting as much as 10 percent of their annual budgets to fraud prevention, as customers who have been scammed while patronizing a given store are far less likely to make a return visit. The onus thus falls on retailers to protect their customers, which said customers agree with wholeheartedly.

Fraud 189

Fraud Analytics Data Retail 189

PYMNTS

SEPTEMBER 12, 2019

IBM has unveiled the latest addition to its Z mainframe portfolio, a new platform called the z15 designed with data privacy, security and hybrid multi-cloud use in mind, the company said in a release on Thursday (Sept.

Data 232

Data Security ATM Tools 232

PYMNTS

JULY 5, 2018

In Germany, security matters. As digital technology keeps bringing new efficiencies to transactions, and more consumers around the world turn to eCommerce for retail and other purchases, an accompanying trend is making life interesting for merchants and payment providers. In China, one must make sure to bring their top mobile game.

Retail 108

Retail Payments Cards United States 108

PYMNTS

DECEMBER 2, 2020

We are excited to extend the reach and capabilities of our mobile payments platform for convenience and fuel retailers around the world," P97 Founder and CEO Don Frieden said in the announcement. "By A win-win for fuel operators and consumers alike.”.

Payments 205

Payments Risk Management Fraud Mobile 205

PYMNTS

DECEMBER 31, 2020

This study showed that the home had become the consumer’s commerce command center as they changed their daily routines to do more of their work and more of their once-physical errands from home. percent made voice-assisted purchases while shopping for groceries or retail goods in the last 24 hours. 31 percent bank via app.

Data 277

Data Innovation Payments Millennials 277

PYMNTS

MARCH 22, 2019

Thirty-four percent of businesses are using IoT in their operations, according to a recent study, and 70 percent of that group have moved beyond pilot testing to actual adoption. Congress have released rules to help regulate IoT data security. New IoT Security Bill Exposes Rising Concerns Over Data Protection and Safety.

Regulation 189

Regulation Security Data Industry 189

PYMNTS

DECEMBER 31, 2020

“Almost overnight, many [banks] had to stand up systems and set up processes that would allow them to service small business PPP loans, their digital solutions were pushed to the brink and they had to learn how to operate almost 100 percent remote,” Douglas Brown, senior vice president and general manager NCR Corporation, told PYMNTS.

ATM 307

ATM Massachusetts Study Operations 307

PYMNTS

JANUARY 25, 2021

Ten years later, their latest venture – a line of healthy, egg white-based chips called Quevos – just secured a roughly $400,000 investment on the ABC TV reality show “ Shark Tank ” from Daniel Lubetzky, who invented Kind Bars. “I five-package “Shark Tank Intro Pack,” while the chips retail in stores for about $2.49 A Five-Year Plan

Chicago 291

Chicago Study Retail Company 291

PYMNTS

NOVEMBER 29, 2018

Investment in Intelligence of Things (IoT) is expected to surge in the coming years, with companies projected to increase spending on the design, creation and operation of IoT solutions from $186.1 Recently, the National Institute of Standards and Technology drafted a report advising federal agencies on IoT security. billion by 2023.

Trends 173

Trends Security Study California 173

PYMNTS

SEPTEMBER 18, 2020

The first was that American mobile-wallet providers pretty much avoided it, starting with Apple eschewing QR codes in 2014 in favor of the higher-tech (and more secure) NFC technology. Jonker said the beauty of QR codes is that they offer a contactless payment that’s not completely bound to a structured retail environment. Second, U.S.

Apple 292

Apple Jacksonville Study Mobile 292

PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. Stronger security strategies and solutions could help turn the tide and boost adoption. Recent surveys found that 38 percent of U.S.

Fraud 231

Fraud Security Payments United States 231

PYMNTS

NOVEMBER 2, 2020

In years to come, it’ll be hard to find anything as studied and surveyed as COVID-19’s effects on commerce. Thirty-eight percent of consumers who shopped for retail products during the period of study, some 46 million Americans, did that shopping from home, more than twice that of those who did so in 2019.

Study 205

Study Cards Payments Innovation 205

PYMNTS

JULY 9, 2019

Those three words strike at the heart of identity, and mean so very much when it comes to the efficient operation of the global digital economy and its continuing growth, whether via retail, payments, financial services, healthcare or other areas. Everything is moving toward digital.”.

Security 191

Security Online Fraud Samsung 191

Abrigo

JANUARY 24, 2024

A second fraud management and prevention consideration for credit unions is that FedNow will operate around the clock every day of the year. For example, an ATM scheme that operated through July 2023 targeted credit unions in six states, stealing nearly $6 million. According to news reports, one credit union alone had more than $1.7

Fraud 222

Fraud Payments Software Policies 222

PYMNTS

APRIL 4, 2019

According to a recent study by Citibank , 31 percent of consumers use their mobile banking app more than any other — placing mobile banking behind only social media and weather for most frequented mobile destinations. Banks need to expose more of their security aspects to consumers so they can seem them in action.

Mobile 169

Mobile Study Security social media 169

PYMNTS

JANUARY 14, 2020

The report is based on a survey of more than 500 financial executives at firms from numerous sectors, including professional services, construction, retail and technology. One of the factors behind this may be financial leaders’ rising expectations for how payment systems should operate. According to the research , 66.7 Indeed, 85.3

Data 134

Data Payments Fraud System 134

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. One hundred and ten (110) million U.S. consumers — 47.2

Apple 227

Apple Study Innovation Survey 227

PYMNTS

JANUARY 23, 2020

In today’s top news, FedEx officially expanded home delivery to include Sundays, Uber’s CEO believes his company is the most likely ride-hailing service to reach profitability, and the OCC prepares a civil suit against 10 former Wells Fargo executives for their roles in its retail banking scandals. FedEx Officially Launches Sunday Delivery.

Fraud 131

Fraud Community Bank Analytics Study 131

PYMNTS

JUNE 13, 2019

According to the Digital Fraud Tracker , one-quarter of malware specifically targets FIs, and over 5 percent of online retail revenue is now lost to fraud. Balancing security with improving the customer experience is a challenge for all industries, though reducing friction is even more vital for luxury merchants.

Fraud 110

Fraud Security Retail Tools 110

PYMNTS

MAY 18, 2018

After studying data from the more than 7 million items available on its website, Overstock was able to identify styles and products its consumers were seeking most. According to Retail Dive , the announcement comes as Overstock is looking for a buyer.

Branding 122

Branding blockchain Retail Trends 122

PYMNTS

JANUARY 12, 2021

Demand among businesses — especially smaller firms — skyrocketed as they attempted to blunt revenue challenges and keep their operations above water, but these companies faced numerous hiccups when securing financing. The crisis has also increased consumers’ demand for loans in several categories.

Millennials 239

Millennials Payments Lending Study 239

PYMNTS

MAY 4, 2017

The Cardtronics executives noted that the studies are not all that surprising, and where once the findings reflected increasing cash adoption across, say, Europe, recent research has borne out the same trends in Europe and the Americas. Among the core reasons for this: The perception that the use of cash was more secure.

ATM 192

ATM Millennials United States Study 192

PYMNTS

AUGUST 13, 2020

One 2019 study found that incorrect addresses cause 19 percent of all failed deliveries, for example, and these failed deliveries cost approximately $216,171 per individual business annually. These tools are now gaining the benefits of newer technologies to strengthen security. How Autocomplete Addresses The Data Problem.

Tools 144

Tools Study Examples Retail 144

PYMNTS

DECEMBER 17, 2019

One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change login credentials, cancel credit cards and guard against suspicious transactions. Bigger Banks And The Problems With Data Security. The Technology Gap That Fosters Fraudsters.

Technology 142

Technology Fraud Data Security 142

PYMNTS

SEPTEMBER 28, 2020

The FinTech ecosystem within Saudi Arabia has been expanding steadily over the past decade, for example, with more than 60 FinTechs now operating, compared to the 20 companies operating within the country in 2019. Deep Dive: How Consumers’ Changing Payment Preferences Are Affecting MENA Privacy Laws.

Online 151

Online Report Payments Regulation 151

PYMNTS

AUGUST 27, 2019

As noted in a recent Optimization and ePayables Playbook , more than one-third of businesses are “enthusiastic” about adopting that innovation, with an eye on improving day-to-day operations. Among the most important benefits for firms that adopt ePayables, said Gilman, are increased safety and security.

Video 164

Video Security Innovation Study 164

PYMNTS

MAY 10, 2019

And this week was a meaty one for news: Mastercard and Visa made acquisitions, the Facebook payment proposition was dissected, new findings about payments and retail innovation emerged, and the pet retail segment gained a major new source of fuel. Earthport operates one of the biggest independent ACH networks in the world.

Payments 151

Payments Texas Retail Innovation 151

PYMNTS

APRIL 1, 2020

In a recent conversation with Karen Webster, he discussed why big-box retailers that have struggled to compete in an eCommerce ecosystem found an unexpected leg-up as they stepped into the B2B business model. The Playbook offers the example of a hotel with several broken television sets. ” Finding Opportunity In Volatility.

Marketing 160

Marketing Retail Fraud Examples 160

PYMNTS

SEPTEMBER 30, 2016

Fraudsters have been causing problems for retailers over the past four quarters, leading to a 137 percent jump in fraud attacks and affecting $7 out of every $100 made in retail sales, according to the latest PYMNTS.com Global Fraud Attack Index. The collaborative study with Forter measures the rate of fraud attempts made on U.S.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

FEBRUARY 3, 2020

Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission. In a way, traditional retail naturally represents a catch-22 of sorts. The Challenge. You need money to make money, goes the old saying.

Lending 146

Lending Apple Study Online 146