New Study Shows Retailers Are Stepping Up For Safety

PYMNTS

With the most recent COVID-19 studies from PYMNTS reinforcing the need for health and safety in the retail world, some retailers are stepping up to accommodate consumers’ concerns. shoppers have identified the specific conditions that would make them more comfortable returning to physical stores and choosing the retailers they would visit. Ipsos surveyed consumers and conducted mystery shopper visits at 45 of the top retailers.

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Brainard says Fed studying potential for US digital currency

Bank Innovation

central bank is studying the feasibility of a digital currency, said Federal Reserve Governor Lael Brainard. Blockchain Carousel Compliance & Regulation Payments Product Design Retail Banking digital currency Facebook Fed Federal Reserve LibraThe U.S.

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Study Reveals Consumers’ Mobile Shopping Behaviors

PYMNTS

However, according to the Remote Payments Study conducted by PYMNTS in September 2018, behavior habits are shared by consumers based on income, age and gender. Mobile Commerce consumer behavior mcommerce Mobile Payments Mobile shopping News Payment Methods Remote Payments Study Retail SmartphonesConsumer dependence on smartphones is often derided as a distraction, but they have also become a vital mobile shopping and buying tool – whether in-store or from a living room sofa.

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PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019.

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NEW DATA: Five Ways Social Distancing Is Transforming Retail

PYMNTS

percent more likely to make their purchases online in 2020 than they were in 2019, underscoring the increased reliance on digital commerce now that retail stores are closed until the pandemic recedes. These, and many other questions, are explored in-depth in PYMNTS’ 2020 Remote Payments Study.

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Retailers lag on EMV card technology transition, study reveals

Mobile Payments Today

Some 42 percent of retailers have yet to update payment terminals to be EMV compliant

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Terminal Management Service Delivers 30% Cost Savings | POS Case Study | Retail

Mobile Payments Today

Read our case study to find out more TNS' Terminal Management Service has helped a firm with 15,000 POS terminals realize cost savings of 30% over its incumbent provider.

Square Root Study Reveals Key Retail Weaknesses

PYMNTS

The retail industry is in the midst of an evolution in the way it does business. Thanks to connected technology, consumers’ expectations on the retail experience have changed. In Austin-based Square Root’s latest study with Forrester Consulting, Close The Gap Between High- and Low-Performing Stores: Management and Measurement of Brick-and-Mortar Retail Locations , retail store performance issues that affect customer experience and loyalty were identified.

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Study Shows Retailers Hesitating at The IoT Starting Line

PYMNTS

However, in RSR Research ‘s recent “The Internet of Things in Retail: Getting Beyond the Hype” study, there were some interesting findings that point towards a bit of hesitation by retailers re: moving forward with IoT initiatives. While 70 percent of retailers understand how IoT will likely change the way businesses operate in the future, there are 74 percent who have put it into practice with one or less IoT projects in the past year.

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Amazon Go: A case study in cashless retail pushback

ATM Marketplace

The decision by Amazon to change course with its cashless Amazon Go stores offers a cautionary tale for retailers about the likely fallout when they try to exclude fiat currency as a payment choice for potential customers

Study Finds New Store Openings Lead To Boost In Online Traffic

PYMNTS

A report has found that opening a new brick-and-mortar location can cause a significant boost in a retailer’s online traffic. According to a recent ICSC study, “ The Halo Effect: How Bricks Impact Clicks ,” when retailers invest in brick-and-mortar stores, their online presence grows.

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Study Reveals Most Retailers Are Ready to Invest in IoT

PYMNTS

The online world has had a major impact on the retail industry over the past decade. Retailers have been in a frenzy over the last few years to find ways to both embrace the eCommerce arena while at the same time attract customers into their brick-and-mortar locations. To help provide better service for customers, retailers are overwhelmingly looking to new technologies. Retail ecommerce Internet of Things IoT mobile commerce retailers zebra technologies

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Small business mobile banking adoption higher than retail

Bank Innovation

Power study reports that mobile banking adoption for small business owners has surpassed adoption for retail banking customers. Small Business Banking Satisfaction Study indicate that mobile banking […]. While U.S.

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Digital financial services to generate $38b in southeast Asia, study finds

Bank Innovation

Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019, according to a new study by Bain & Co., Bloomberg Carousel Innovation Strategy Payments Retail Banking Alibaba Group fintech startups Grab Uber

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Traditional FIs See Fintechs as ‘Significant Threat’ by 2022, Study Says

Bank Innovation

Nearly 80% of traditional financial institutions feel little or no threat from fintechs today, but 65% believe fintechs will be a “significant threat” by 2022, according to a new study by Harvard Business Review. Open Banking Premium Retail Startups AI artificial intelligence Bottomline Technologies fintech partnerships machine learning Mastercard open banking

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Retailers Should Contact Shoppers By Email, Says Study

PYMNTS

Retailers should take initiative in communicating with shoppers — especially younger ones — by email rather than social media channels, a new report by Bluecore found. ” “This research shows that, while there are many options for digital engagement today, retailers must focus on developing a meaningful and personal relationship with their very loyal opt-in email customers. Retail bluecore Millennials retail what's hot What's Hot

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Why It Is Critical to Update Your Core Deposit Study

Abrigo

retail rates will probably go higher since we are in a tight liquidity situation. In some markets, retail deposit rates are still catching up to the past increases on the wholesale side. Consequently, institutions will most likely be busy with budgeting and financial planning to accurately forecast the impact a rising retail rate scenario will have. Time to update to the core deposit study?

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Most Bank Website Content is ‘Inaccessible’ to Average Americans, Study Finds

Bank Innovation

A new study by software provider VisibleThread found that 58% of nearly 5,000 pages of website content for 50 U.S. Even the most readable websites studied were more difficult to read than Moby Dick, the report said. Daily Post 1 DataBank Exclusive Online Premium Retail AI BNY Mellon JPMorgan Chase M&T Bank Prosperity Bancshares Transparency Umpqua VisibleThread

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Retailers Lag When It Comes To Mobile, Says Study

PYMNTS

The movement toward mobile payments has been a strong one, but brands and retailers have been slow to adopt to that change, according to a recent report, NewStore’s eponymous and inaugural NewStore 2016 Mobile Retail Report. According to the findings, which looked at the adoption and adaption of 112 brands across retail, the overall grade came in at a perhaps underwhelming C-minus, which indicates missed opportunities. Retail Mobile shopping NewStore retail what's hot

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UPS Study: eCommerce Changes Customer Habits

PYMNTS

According to a new study put out by UPS, eCommerce isn’t just changing the “where” of commerce activity for Americans — it is also shifting much of the “how” and the “why” as well. The UPS Pulse of the Online Shopper study indicates that 51 percent of all purchases made by respondents were made online — a 4-percent increase from last year, when that figure was 48 percent. Retail UPS study

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Study Shows Strong Relationship Between Credit Score Review and Credit Score Increase

Bank Innovation

Capital Compliance Lending Mobile Online Open Fintech Operations Payments Retail Risk Sponsored Startups Uncategorized artificial intelligence credit score Credit SesameCan regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu, Ph.D., candidates in Quantitative Marketing at Stanford Graduate School of Business, to find out.

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Best Way to Drive In-Store Traffic? Facebook, Study Says

Bank Innovation

DataBank Databank Marketing Online Retail Social Media Facebook small businesses SMBsFacebook is the key to online traffic—but most small businesses run to the social media king to drive in-store traffic, too. More than 40% of SMBs will turn to Facebook for a boost in in-store traffic, according to a survey of 250 SMBs across the U.S., conducted by digital marketing technology company Netsertive. For banks and […].

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Nationwide Study: SMB Owners Lax About IoT Security Risk

PYMNTS

The Vulnerabilities of Retail (and Other Sectors). And of course, said Nunziata, “when we think about retail businesses, the point of sale is always a concern.” For smaller firms, the IoT has its lures and its dangers.

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CFPB Study Finds Mixed Results for ‘Credit-Builder’ Loans

ABA Community Banking

The Consumer Financial Protection Bureau today released a study of the effects of so-called credit-builder loans on credit scores. The post CFPB Study Finds Mixed Results for ‘Credit-Builder’ Loans appeared first on ABA Banking Journal. Community Banking Newsbytes Retail and Marketing Consumer lending Credit reporting Credit scoring Economic inclusion

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New Report: Helping Retail Treasurers Navigate The Digital D2C Shift

PYMNTS

Consumers are unlikely to return to stores and business districts in the near future, nor can businesses simply rely on longstanding relationships with suppliers and retailers to keep production lines moving and shelves stocked.

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NEW DATA: Insurance At The Point Of Sale Can Boost Consumer Retail Spend

PYMNTS

Consumers have become accustomed to being offered insurance coverage with their purchases of electronics, home appliances and other big-ticket items from brick-and-mortar retail locations.

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Banks could save more than $70 billion using new tech by 2025

Bank Innovation

The study released Thursday found that the broader group of financial-services firms in the region could save $87 billion to $140 billion through automation and augmentation of more than half […]. Carousel Corporate Banking Retail Banking Accenture fintech study tech

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Case Study: Why Curation, Customization Are Key For The Experience Economy

PYMNTS

The experience economy is likely to expand as consumers place an increasing amount of importance — and spend more of their money — on experiences over typical retail goods. Payments Innovation AI Case Study digital payments Experience Economy IfOnly marketplaces mobile News online payments Payments and The Platform Economy Playbook platform economy YapStone

Study: Automation Will Hurt Manufacturing-Heavy Midwest

PYMNTS

Manufacturing-heavy states in the Midwest will be hit hardest by the rise of artificial intelligence (AI) and automation for lower-skilled jobs, according to a new study by Brookings Institution researchers. The first era of digital automation was one of traumatic change … with employment and wage gains coming only at the high and low ends,” study authors wrote about the spread of computer tech and robotics that started in the ‘80s.

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COVID-19 Spikes Hinder Retail Recovery

PYMNTS

Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor in economic recovery would be one thing: COVID-19 and the ability to mitigate its effects.

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Millennials Are So Last Year: Study Says Retailers Need To Start Thinking About Gen Z

PYMNTS

Move over millennials , there’s a new kid in town that is about to become nearer and dearer to retailers’ hearts: Gen Z. Gen-Z shoppers, defined as those between the age of 14 and 19, are about to become the most coveted demographic in all of retail, according to a study entitled “The Next Generation of Retail” by retail marketing firm Interactions. Retail Gen Z Millennials Shopping Survey

Study Says Government Regulation And Retail Aren’t Mixing

PYMNTS

Those are the questions being raised by the National Retail Federation’s newest study , which looked at the impact that government regulations are having on everyday and high-level operations. ” “Overregulation is undermining the resolve of small retailers,” Matthew Shay, president and CEO of the NRF, said in a statement. “To The NRF study also touched on several current issues swirling around the role of government in the workplace, like minimum wage.

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Why Consumers Are Firing Traditional Retailers

PYMNTS

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms.

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Study turns up lackluster stats on EMV in the US

Mobile Payments Today

A study by CardHub finds that more than half of consumers do not understand the difference between card security standards and don't care whether a retailer's POS terminal is enabled for EMV

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PYMNTS’ Daily Data Dive: Study: Over 50% of Retailers Ready To Invest In IoT

PYMNTS

With the popularity and convenience of online shopping, it’s no surprise more retailers are looking to invest in various technologies to help provide a better in-store experience. In Zebra Technologies’ 2017 Retail Vision Study , it was found that a majority of retail decision makers are planning to invest in IoT. Here are the numbers: 70 percent | Percentage of retail decision makers ready to invest in IoT.

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