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The Retail and Tech Firms That Could Upend Mainstream Banking

Payments Source

Fintech Retailers Digital payments Gig economy

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Should retail banks be retailers?

Chris Skinner

Admittedly, he says it’s partly inspired by my blog of last year about challenger banks, but his write-up takes it further and has a swipe at the whole bank culture … The post Should retail banks be retailers?

Retail 416
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Oracle jumps into payments for retailers

Payments Dive

The tech titan will now process payments for retailers, as opposed to sending that part of a transaction to third parties

Retail 247
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Retailer targets Mexican Americans for digital wallet

Payments Dive

The largest department store in Mexico is carving out a niche in offering digital and physical debit cards, as well as remittance services, to people sending payments over the border

Retail 212
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A Comprehensive Guide to Construction Loan Issues for the Commercial Loan Market

Understand how to mitigate risk & protect the interest of all parties with this exclusive, must-have guide outlining important issues for commercial construction lending & best practices.

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Retail Sales & PPI Reveal Softening Activity

South State Correspondent

Retail Sales & PPI Reveal Softening Activity. The first of those is retail sales for December which declined by 1.1%. The so-called core retail sales rate, or Control Group, dipped 0.7%

Retail 195
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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? So how are retail banks meeting this challenge? Of course, successful retail banking requires more than just technology. Retail banking of the future.

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Mobile Payments 101: Retail

Payments Dive

The world of mobile payments has changed significantly over the past decade – and particularly over the past few years as smartphones and other mobile devices have become ubiquitous. In this report, we will review some of the main themes and trends in the mobile payments market

Retail 289
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Retail has a checkout problem.and speed alone won't solve it

Payments Dive

There are other factors for retailers to consider when determining whether the checkout experience is convenient for the customer The speed of one-click checkout isn't the answer to every cart abandonment problem, says one payments tech executive.

Retail 265
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Shogun Brings Big Retail Tech To Digital-First Retailers

PYMNTS

Some retailers are just excellent about telling stories about themselves and about the products that they're selling,” Taylor told PYMNTS. Both have been key developments to helping retailers participate in the digital-first economy. Don’t read too much into the name.

Retail 194
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The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it.

Retail 249
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Hackers using text messaging to target retailers

Payments Source

Retailers Cyber security

Retail 130
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Self-service retail and the changing landscape on payments

Payments Dive

Self-service technology allows retailers to meet customer expectations established by the pioneering tech efforts of brand's, like Starbucks. These installations take diverse forms, a CES panel demonstrated

Retail 388
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Digital Technologies Drive Innovation In Retail, Payments

PYMNTS

In retail technology, Toshiba Global Commerce Solutions ’ new Elera system aims to supplant in-store IT systems with a new cloud-enabled technology. Today In Data Commerce digital commerce News payments Retail Today in Data

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Digital payments and the retailer

Payments Dive

Some retail outlets are experimenting with moving to digital payment-only operations. As non-cash payments become the norm, some retailers, particularly in hospitality, no longer accept cash. While there are downsides to managing cash, what are the pitfalls of refusing to deal with it

Retail 273
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CBDC for Retail, Wholesale and International Payments

Accenture

Retail, wholesale and international payments using CBDC would expand choices, enabling more diversified payment systems and greater autonomy for the central bank. CBDC for retail payments CBDC can serve as a settlement medium for digital transactions online….

Retail 325
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Retail, financial trade groups beg for coins

Payments Dive

A U.S. coin shortage subsided for a bit early last year, but the problem is back. That led a group of trade organizations to complain to the Treasury Department this week, and to ask for help in making consumers aware of the coin crisis

Groups 227
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Reinventing Retail Will Mean Embracing New Formats

PYMNTS

Reinventing retail in the wake of COVID-19 may mean reinventing retail formats. It’s also likely that retailers will see more men in-store than women, and they should consider adjusting inventory to target these shoppers.”. Retail Coronavirus malls News social distancing

Retail 224
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Merchants And The Big Retail Reset

PYMNTS

McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. McNicoll said his company is better positioned than a traditional lender at approving such offers, because the firm takes a wider view of a retailer’s finances.

Retail 255
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Q2 2021 US retailer payments commentary

Accenture

Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.

Retail 212
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Wachter helps retailers integrate customer engagement technology

Payments Dive

Matt Tyler, director of IoT, Wachter, discusses how the network technology integrator identifies the turnkey solution that works to address the challenges retailers face in attracting new customers

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Today In Retail: Birkenstock Might Sell To CVC; Cognira Releases AI Suite For Retail

PYMNTS

In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Cognira Rolls Out AI Promotion Suite For Retailers. Google Rolls Out ‘Product Discovery Solutions For Retail’ Suite.

Retail 202
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NRF Lists Hot 100 Retailers

PYMNTS

For retailers, it’s better to be hot in 2020 than top. based trade group said the Hot 100 report provides a glimpse into the future of retailing as experts make predictions for a post-coronavirus world. But COVID-19 has changed the size and quantity of retail locations across the U.S.,

Retail 139
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Curbside Pickup and How It Impacts Your Retail Strategy

Perficient

Before the COVID-19 pandemic, retailers were already seeing enthusiasm from customers for more convenient ways to interact during the purchasing process. In the past few years, retail innovations such as order pickup, delivery services, and same-day delivery have grown in popularity.

Strategy 282
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Trends In Retail Technology And Consumer Spending

PYMNTS

In retail, the need to simplify, integrate and bring gift card and loyalty programs online to maximize their impact has never been greater, while consumer engagement has the power to remove retail friction.

Trends 195
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How banks can win the next generation of retail investors

Accenture

The market turmoil of 2020-2021, along with an unprecedented surge that has renewed a focus on retail investors, has pushed direct investing platforms into the spotlight. With this rise of the retail investor comes significant opportunity, as recently highlighted by our colleague Scott Reddel.

Retail 311
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Mask Sales Become A Big Retail Business

PYMNTS

Or maybe they’re both as several types and sizes of retailers step up to sell non-medical face masks. The retail face mask efforts range from small to big companies. Retail Etsy face masks JOANN MaskClub News

Retail 214
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Retail Rental Payments Make Comeback

PYMNTS

Retailers are starting to pay the rent. The report is confirmation that reopened retail stores are generating revenue despite high unemployment and regional pandemic spikes. The biggest gain came from free-standing retail, which increased 12.1

Retail 152
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Lord & Taylor Joins Retail Bankruptcy Watch

PYMNTS

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. Many mid-sized retailers do not qualify for programs the government has begun to roll out to save ailing companies,” says CNBC.

Retail 190
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Digital Approaches To Retail And Onboarding

PYMNTS

Today In Data authentication Commerce digital commerce News Onboarding payments Retail Today in Data

Retail 198
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Why retail banking presents rare opportunities right now

Accenture

In that spirit, I’m turning my blog over to my colleague Steven Smith for this post on the once-in-a-generation opportunity emerging in retail banking right now. The post Why retail banking presents rare opportunities right now appeared first on Accenture Banking Blog.

Retail 212
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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

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. At the end of the day, I feel really good about the opportunities for retail,” Sadove said. “I percent for retail.

Retail 240
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Retail Recovery Veils Serious Headwinds

PYMNTS

retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. The retail numbers do indeed indicate a recovery.

Retail 149
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Save A Lot Sells 51 Retail Locations To Fresh Encounter

PYMNTS

Discount supermarket retailer Save A Lot unveiled the sale of 51 retail locations run by the company in the Tampa, Florida market to existing Save A Lot Retail Partner licensee Fresh Encounter. Retail Fresh Encounter grocery News Save A Lot What's Hot

Tampa 220