Instagram Checkout tests power of social media for mobile commerce
Payments Dive
MARCH 29, 2019
Instagram's new in-app shopping experience with PayPal is testing how social media can influence retail shopping and payment decisions
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Payments Dive
MARCH 29, 2019
Instagram's new in-app shopping experience with PayPal is testing how social media can influence retail shopping and payment decisions
PYMNTS
AUGUST 4, 2020
Burberry has created a “mini program” with Tencent that provides exclusive content and tailored experiences that can be unlocked on WeChat, at a time when China has millions of mini-communities on the social media platform. 11.6%: Estimated share of China’s total retail eCommerce sales that are driven by social commerce.
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PYMNTS
NOVEMBER 18, 2020
As the holidays grow closer, American Express says research has shown that social media promotions and engagement could be a big boost for this year's Small Business Saturday event, according to a press release. The majority of those businesses included restaurants, with retail close behind.
PYMNTS
NOVEMBER 5, 2019
And in retail, social media keeps evolving, and that progression can bring significant changes to the industry as the preferences of younger consumers continue to shift. consumers are turning to technology to place food orders , and restaurants are looking to enhance the digital ordering experience.
Perficient
FEBRUARY 2, 2023
Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.
PYMNTS
JULY 5, 2019
It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness. That’s not to tempt one into nostalgia, or to suggest that social media has become marred beyond recognition. Digital Evolution. Fraud Increases. trillion in 2018.
PYMNTS
JANUARY 29, 2020
Social media platforms are aiming to harness their contextual commerce potential. TikTok , which is mostly a destination for users seeking short-form videos , is now looking to better monetize its service.
PYMNTS
JUNE 22, 2018
Sports fans can’t get enough of their favorite players and teams: Their social media accounts oftentimes have hundreds of thousands or millions of followers. Additionally, news that Instagram was rolling out native payments surfaced in May. But how can teams harness the eCommerce potential of these accounts? But what about Snap?
Bank Innovation
JANUARY 22, 2019
Apple Pay was trending across social media today on news the payment option will soon be accepted at Target, Taco Bell and other major U.S. According to Apple, 74 of the top 100 U.S. merchants now accept Apple Pay. The company touted the service’s ease of use, security and speed at the register. But […].
Payments Source
APRIL 11, 2019
Social media commerce platform provider Jumper.ai is helping Amazon merchants complete online transactions without the buyer being redirected to the Amazon online marketplace.
Payments Source
DECEMBER 7, 2020
Crooks are hiding payment skimmers within plain sight on retailer websites, using social contact buttons in a way that's hard for security protection to spot.
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
PYMNTS
JANUARY 23, 2020
23) passed a ban on cashless food and retail stores. With the program, they’ll be able to complete bank transfers, make electronic payments and use eWallets with apps to pay for services. In Britain, supermarket Tesco recently drew criticism for doing away with cash payments on its ‘Scan As You Shop’ program.
PYMNTS
SEPTEMBER 21, 2020
These moves seem logical for consumers who have been barred from visiting brick-and- mortar retailers or who are wary of contact with cashiers or payment terminals due to the potential for viral transmission, but they are also likely to have a dramatic impact on the future of digital and in-store commerce. The rise of omnichannel .
PYMNTS
DECEMBER 15, 2020
Keeping consumers invested and engaged is an eternal challenge for retailers. Merchants must constantly reevaluate their customer-targeting efforts to suit the latest commerce developments, and many are pivoting from brick-and-mortar advertising to focus their outreach online or via social media channels.
PYMNTS
APRIL 7, 2017
This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised. Back in the U.S.,
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.
PYMNTS
MARCH 27, 2020
As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Retail shops in storied retail locations have shut their doors. In other retail news, department stores in the U.S.
PYMNTS
DECEMBER 26, 2018
To let shoppers discover and try out new products, payment companies are helping merchants launch augmented reality (AR) experiences within social media platforms. Pan-African payments firm Cellulant , for instance, created an AR experience in Facebook Messenger.
PYMNTS
NOVEMBER 26, 2019
Luxury and upscale retail are undergoing some significant changes as the holiday shopping season kicks off and a new decade approaches. The retailer recently delivered earnings that beat analysts’ expectations for the recently completed financial quarter, even as its net sales declined year over year. Social Retail.
PYMNTS
DECEMBER 15, 2020
GoDaddy has agreed to acquire Poynt , which lets businesses sell and accept payments anywhere through its suite of products, according to a press release. GoDaddy was interested in Poynt because of the digital shift in payments due to the pandemic, as well as in-person and online shopping converging more all the time, the release stated.
PYMNTS
SEPTEMBER 22, 2020
In today’s top payments news around the world, JD.com is working with China’s central bank to advance cryptocurrency, while U.S. WeChat users are reportedly racing to get the Chinese mobile payment, messaging and social media program. JD.com Joins China’s Central Bank To Advance Digital Currency.
PYMNTS
MAY 11, 2018
That’s one of the driving ideas behind a new service that Marriott International recently launched for Chinese travelers going overseas — a service that also helps to demonstrate how the country’s growing tourist class is changing payments and retail. The Fliggy Payment Feature. Last year, the U.S.-based
PYMNTS
JANUARY 19, 2021
Venmo customers as of October 2020 offers a clearer snapshot of these customers' new financial habits and purchase and shopping behaviors, and how they view Venmo as a payment method. Finally, it seems that for Venmo customers, social commerce is increasingly commerce in context. New research of roughly 2,000 of U.S.
Payments Dive
SEPTEMBER 29, 2017
Bodega's social media firestorm will help educate the automated retailing industry and the technology community about the need to be direct with the public on important forthcoming changes.
PYMNTS
APRIL 16, 2019
Retailers put together window displays and signs to create enticing storefronts, engage customers via social media and send printed ads through the mail. There’s a lot of complementary technologies that are being offered today that can be incorporated into the whole self-serve or unattended retail system,” he said.
PYMNTS
FEBRUARY 11, 2019
Amid great technological change, health and beauty retailers are developing strategies to drive innovation. In some cases, retailers are using social media tools such as Instagram to post promotions and product tutorials — or interact openly with consumers about their offerings. Just under half — or 45.9
PYMNTS
OCTOBER 22, 2020
Retailers in this space are also beginning to offer more payment methods and shopping channels, and the ongoing COVID-19 pandemic’s effects on consumer behaviors is partly driving this shift. These offerings are intended to give customers the payment and shopping method variety they crave. “I Payment Variety's Rising Value .
PYMNTS
APRIL 18, 2017
It’s nearly impossible to find a day where money isn’t flowing between retailers and consumers. This is especially true when it comes to simplifying the world of payments. The retail industry is in the nascent stages of seeing the impact of what’s been dubbed “chat commerce.”
Payments Dive
FEBRUARY 25, 2016
Social media comments asking issuers and retailers for ready-to-use mobile payments options more than doubled last year, MasterCard says.
PYMNTS
MARCH 19, 2019
Instagram has launched a checkout feature designed to help the social media platform become a more attractive place for consumers to buy retail products, and to capture more sales via what is coming to be known as contextual commerce. Social Media Purchases. In other words, consumers are shopping contextually.
PYMNTS
DECEMBER 22, 2020
In investments, social media-focused attire reseller Poshmark recently filed for an initial public offering , hoping to catch an IPO wave that saw massive first-day increases for DoorDash and Airbnb.
PYMNTS
DECEMBER 16, 2020
In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. Gojek Debuts POS System for Indonesian Merchants That Accepts Cashless Payments. Plus, Bridgetown Holdings is reportedly thinking about a deal with Tokopedia.
Bank Innovation
JULY 25, 2019
To get a snapshot of Facebook‘s payments ambitions, you need to look beyond its digital currency aspirations.
PYMNTS
JANUARY 23, 2020
And retail and commerce-related payments are certainly a big part of that trend. It’s not just the direct selling of products to consumers that matters when it comes to cross-border retail. Importance of Logistics and Payments. Several retail and retail-related trends are at play with this funding announcement.
PYMNTS
DECEMBER 17, 2020
Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences. Today, they’re pretty much everywhere.”.
PYMNTS
MAY 7, 2020
The new payment tool was designed for small businesses looking to move from brick-and-mortar to eCommerce, the news service reported. As COVID-19 has forced shutdowns and social distancing, web sales have been on the rise, and many entrepreneurs are moving their business models online. Square charges 2.9 billion.
PYMNTS
JANUARY 22, 2020
For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. The webinar featured Karen Webster from PYMNTS and Amy Parsons, senior vice president of global acceptance at Discover Financial Services and its payments brand, Discover Global Network.
PYMNTS
JANUARY 24, 2020
But no matter the case, music is a big part of the retail world, and is helping to create new harmonies of innovation and disruption. The report quoted Jeff Marsilio, the NBA’s senior vice president of new media distribution, as saying, “The Base:Line playlist will have about 40 songs with a hip-hop vibe and will be refreshed weekly.”
PYMNTS
JUNE 8, 2020
With a need for social distancing in the coronavirus era, businesses are seeking ways to restrict traffic through appointment-based systems for physical retail. GlobalData Managing Director and Retail Analyst Neil Saunders said in an NRF blog post that the situation provides an opportunity to experiment with new ways of selling.
PYMNTS
APRIL 25, 2016
Forget private conversations, chatbots and customer service: Facebook Messenger could soon be delivering retail payments to its 900 million users. In June 2015, the social media titan dropped the requirement to have a Facebook account to use the service, a strong indication the two will become unbundled, so to speak.
Bank Innovation
NOVEMBER 3, 2016
If there’s one social platform out there that just might be able to steal e-commerce business away from Amazon, it’s Instagram–a visual, highly interactive and personalized platform that just added the ability for users to shop.
PYMNTS
JANUARY 13, 2020
Fitness and wellness are helping to change the face of retail in 2020. In addition, data and tech are at such a point that offering digital and mobile alternatives, and options for fitness-related classes, can be done in a seamless way — a way that includes a seamless payments experience, too. One reason for all of that?
PYMNTS
APRIL 19, 2019
Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers. Many customers have recently posted on social media that orders placed at the restaurant fraudulently used their payment cards during the first few weeks of April.
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