PYMNTS

MARCH 14, 2020

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. According to online security company Signal Sciences , eCommerce retailers deal with an average of 206,000 web attacks per month. Conservative estimates put online sales at $630 billion this year.

Fraud 230

Fraud social media Online Retail 230

PYMNTS

NOVEMBER 5, 2020

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Square Card And Card Not Present . Total net revenues of $3 billion were up from $1.9

Cards 158

Cards Conference Bitcoin Taxes 158

PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 220

Retail Dallas Washington National 220

PYMNTS

SEPTEMBER 10, 2019

Artificial intelligence (AI) and machine learning (ML) are starting to play a bigger role in retail, foreshadowing what’s to come in the new decade of the 2020s. According to PYMNTS research , AI and ML are blurring the divide between online and in-store shopping, and bringing an all-new human element into retail.

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Retail Comparison Online Data 247

PYMNTS

DECEMBER 16, 2020

Benetton Group , an Italian fashion company, is teaming once more with retail market intelligence firm EDITED as an "essential platform" for its future three-year roadmap, according to a Wednesday (Dec. 16) announcement. “As With a historical bank of data, we’re able to adjust our pricing architecture and thus refine our assortment.”.

Groups 157

Groups Retail Analytics Branding 157

BankInovation

AUGUST 12, 2020

head of retail banking, will speak at Bank Innovation Build, which will be presented in a fully digital format Sept. Glover will give a presentation on iterating and experimenting at maximum efficiency. Anthony Glover, HSBC’s executive vice president and U.S.

Innovation 92

Innovation Retail How To Customer Experience 92

PYMNTS

FEBRUARY 11, 2020

retailers are concerned about a supply chain problem. While no direct evidence has been presented for a supply chain interruption from China, a new Wells Fargo report says concerns are rising among retailers. Every retailer has what’s known as an ‘All Hazard Plan.’ Chinese retailers are being hit hard.

Retail 188

Retail Apple Operations Report 188

PYMNTS

OCTOBER 12, 2020

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. And online shopping and digital fraud are increasing simultaneously, but merchants can take steps to ensure that debit-based card-not-present (CNP) transactions are kept safe. All this, Today in Data. 92%: Portion of U.S.

Retail 146

Retail Innovation Technology Security 146

PYMNTS

APRIL 27, 2020

The pressure on cash-strapped retailers is intense and potentially consequential. At stake are the early returns on some issues that will determine the nature of consumer behavior and spending patterns, which are the lifeblood of retail for any season. Larger retailers may need to look at reformatting as a reinvention strategy.

Retail 193

Retail Strategy Survey Online 193

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

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.

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Community Retail Strategy National 269

Payments Dive

FEBRUARY 6, 2020

The e-commerce market in Latin America presents enormous potential for retailers. Despite the possibilities, there are a number of unique challenges that retailers and payments companies need to be aware of before making such a commitment.

America 453

America Retail Marketing Payments 453

PYMNTS

SEPTEMBER 3, 2020

And in many places, for the first time, our retailers are open to it. But under present conditions, Narlinger noted, that lock-up isn’t really workable. And the answer is, “Yes, a bar code can give you a way to do that — and in a form that retailers already understand how to accept.”. Can we unpack it?’

Mobile 289

Mobile Retail Apple Payments 289

PYMNTS

SEPTEMBER 13, 2019

Voice recognition could soon play a bigger role in retail — especially in the world of quick service restaurants. That’s not the only recent major move that involves voice recognition and the biometric authentication method’s potential use in retail and payments. That’s the signal sent recently by McDonald’s. Other Moves.

Retail 248

Retail Google Survey Technology 248

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. Enormous Potential.

Retail 216

Retail Trends Branding Groups 216

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 218

Retail Online Cards Data 218

PYMNTS

SEPTEMBER 12, 2019

Video games are helping to drive retail innovation and growth, and that includes the hot area of subscription commerce. The move is one of several that Tilly’s has been pursuing recently to draw additional foot traffic in an era when, like many youth-focused retailers, it is seeing its sales constantly shifting online.

Video 248

Video Retail Innovation Trends 248

PYMNTS

MAY 21, 2019

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We A survey by EHI Retail Institute showed that last year, card payments made up 48.6 percent.

Digital Strategies 122

Digital Strategies Cards Technology Regulation 122

PYMNTS

FEBRUARY 10, 2020

Start creating more customer data to feed the algorithm and then you too can join the artificial intelligence (AI) retail revolution. Retailers can engage with an “AI lite” strategy that produces lookalike customer data and a level of predictive analytics. But the present and future of AI in retail is much richer.

Retail 203

Retail Boston Data Trends 203

PYMNTS

SEPTEMBER 21, 2020

For retailers, the fourth quarter of 2020 is likely to see a media blitz that will make other years pale in comparison. Unspent budget from big box retailers will be let loose as early as Oct. There are many critical aspects to SMB retail media strategy but two stand out this year: when to advertise and where to advertise.

Retail 169

Retail social media Marketing Branding 169

PYMNTS

DECEMBER 12, 2019

The obituary for brick-and-mortar retail has been written many times. About 20 percent of those surveyed said they would probably return upwards of 50 percent of their presents. Retailers need to seize the moment when shoppers return gifts. The youngest generation, Gen Z , will return the most presents. Mall Trends.

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Retail Milwaukee New York City New York 131

PYMNTS

OCTOBER 9, 2020

trillion opportunity for eCommerce retailers. Fraudsters are just as excited by this opportunity as merchants, unfortunately, making it essential for these retailers to craft robust protections to keep the data and the payment information of their consumers safe. Around The Next-Gen Debit World.

Fraud 188

Fraud Retail Report Online 188

PYMNTS

FEBRUARY 24, 2020

As 2020 unfolds, the retail business has been dramatically altered. But with consumer spending holding steady, it’s important for retailers to grasp the opportunity to create innovative ways to get, keep and grow customers. And retailers that deploy experiential tactics drive repeat purchases at rates nearly twice those who don’t.

Retail 210

Retail Branding New York City Indiana 210

PYMNTS

APRIL 27, 2020

But after that initial download, retailers and purchase aggregators pretty much let users run the course of their screens, never thinking that advanced applications would someday become important. Some companies have been trying to bring retailers into the new world of “necessary” location-based app technology for mobile retailing.

Retail 160

Retail Mobile Examples Technology 160

PYMNTS

MARCH 18, 2020

In normal times consumers look for three things from a retailer: price, product and location. In fact, a pre-crisis PwC report showed that 14 percent of respondents said trust in a brand is the number one reason (other than price) why they shop at a retailer. What do consumers want from retailers now?

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Retail Branding social media Online 153

PYMNTS

MARCH 6, 2019

Writ large, the unattended retail model can be thought of, too, as an unattended payments model, where everything revolves around an authenticated user wielding a registered payment credential — two components that, once in place, can truly take advantage of an omnichannel experience. The Partnership Model.

Retail 148

Retail Payments Online Course 148

PYMNTS

JULY 16, 2020

All four companies — as well as other retailers — are fitting into the framework of a platform PYMNTS calls Digital 3.0 So far, retailers have done a decent job here. The retailers mentioned at the beginning of this piece have taken a stance on health that should have been taken by federal and local governments.

Retail 155

Retail Apple Examples Marketing Strategies 155

PYMNTS

JULY 6, 2020

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . In-Person Retail, eCommerce Drive CNP Purchasing. Many recently reopened retailers are insisting on processing digital, CNP transactions.

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Cards Survey Examples Retail 130

PYMNTS

FEBRUARY 6, 2020

and has attracted more than 3,000 retailers to its partnerships. Sykes believes the attraction of online companies and uber-retailers it simple at one level. Klarna has melded New York Fashion Week glitz with experiential retailing this year. The changes in fashion retail are being driven by three dynamics.

Retail 142

Retail New York Branding Millennials 142

PYMNTS

JANUARY 10, 2020

A year later, as CES is about to wrap up, Visa has said that the service enables payments for gas, parking and tolls, uses tokens to secure transactions, and could open the door to even more payment experiences, including purchases from retail stores by commuters. After all, she said, SiriusXM is already in a consumer’s car for a reason.

Las Vegas 170

Las Vegas Software Payments User Experience 170

PYMNTS

MAY 1, 2020

Retail is not the same as it was at the beginning of 2020 — in fact, it isn’t the same as it was a mere month-and-a-half ago, given the quick and sweeping changes that COVID-19 has brought in its wake. Amid economic uncertainty, certain retailers are adapting and innovating in ways we haven’t seen before,” Molnar told Webster. “In

Retail 197

Retail Innovation US Customer Experience 197

PYMNTS

JUNE 5, 2020

Schalow and his members are upbeat about their prospects for the sport and for independent retailers as they reopen. At that time (mid-March), the independent running retailers were deemed nonessential and therefore closed. Buyers come in and it’s a pure working show, and members can schedule to see product line presentations.

Maine 130

Maine Retail Branding Groups 130

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. Leaders at Overstock said the new GSA initiative would help them with their retail operation.

Online 149

Online Retail Washington Fraud 149

PYMNTS

MARCH 20, 2020

With the current health emergency retailers face unprecedented issues. Closing stores, limiting hours, changing order patterns, remote work — all of these issues have joined basic survival as retailers contend with sudden and unpredictable challenges during the coronavirus pandemic. 1: Employees. Read the fine print in the lease.

Retail 176

Retail New York City Analysis Resources 176

PYMNTS

MAY 15, 2019

Retail sales in the U.S. Retail sales were down 0.2 Retail sales represent about one-third of consumer spending, which itself represent about two-thirds of the U.S. Internet retailers and pharmacies also took a 0.2 The latest retail figures also followed another round of data from the Fed that demonstrated U.S.

Retail 141

Retail Trends Data Report 141

PYMNTS

JULY 24, 2020

When Indochino launched in 2007, the company wasn’t out to create a new template for the entire retail sector, just a better product with better prices and a better buying experience. After all, the pandemic has hit retail perhaps harder than any other economic sector, and an awful lot of players probably won’t make it, Green said. “If

Retail 225

Retail Training Customer Experience System 225

PYMNTS

JULY 9, 2019

Retailers surely have more than enough to worry about these days. For one, the pace of innovation keeps speeding up – and that holds true for all types of retail niches, from apparel to grocery to others. The emerging 5G technology has tremendous retail potential.

Retail 194

Retail New York City Mobile Innovation 194