Remove Retail Remove social media Remove Trends Remove User Experience
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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. Consider that the typical user spends about 2.5 hours per day on social media. Demographically, half of the U.S.

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Trending: Meeting The Millennial Need For AI-Powered Visual Shopping

PYMNTS

Online marketplaces for everything from retail goods to travel services to hospitality need to ensure a quick and easy way for both buyers and sellers to transact with each other— or risk losing both sides to a waiting host of competitors. For more on this and other news in the platform economy, visit the Playbook’s News and Trends section.

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Why Instagram’s New Shopping Icon Is Changing Ecommerce Forever

Perficient

Here’s why: Traditionally users weren’t able to purchase items through social media platforms. Social influencers could promote brands through their channels and direct users to “swipe up” or click a link in their bio to purchase. These reviews will still remain a key factor… for now.

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How PSD2 Is Changing ING Bank’s API Strategy

PYMNTS

As such, the European Banking Authority (EBA) has announced extensions for retailers that may require more time to comply. These extensions will only be granted to a select few retailers, however. For more on PSD2 and GDPR, visit the Tracker’s News & Trends. Deep Dive: Retailers Brace For SCA’s Downsides.

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Consumers Want More Banking App Control — Will FIs Step Up?

PYMNTS

But financial institutions (FIs) have been slow to respond to such trends. To better understand those trends, PYMNTS recently caught up with Christian Ali , senior vice president of product at Entersekt. “We Whether via eCommerce shopping or retail loyalty programs, consumers are getting used to increasingly personalized experiences.

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Braintree: Behind The Contextual Commerce Buy

PYMNTS

Location has always mattered in business, but the concept is taking on new meaning in online retail. consumers to paint a landscape picture of the retail trend. Buying a dress worn by a celebrity in a picture featured on a magazine or social media site qualifies. It’s UX 101,” Habibi said. “No It’s not about speed.

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Real Innovation Solves Today’s Problems, Not Tomorrow’s

PYMNTS

If not, you probably will soon, since it just teamed up with 7-Eleven to bring surcharge-free ATM access to 8,000 of the convenience chain’s retail locations. MoneyPass, a network of Elan Financial Services , provides ATM and debit card processing solutions for financial institutions, Independent Sales Organizations (ISOs) and retailers.