Bank Innovation

APRIL 19, 2017

trillion in total payments through Alibaba’s Alipay service last year, compared to only $70 billion in 2012; Tencent’s WeChat users sent about $1.2 According to a new report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in […].

Payments 305

Payments Report Online Mobile 305

Chris Skinner

JULY 3, 2017

Here are the key highlights: Over the past five years customers’ activity on banking apps rocketed by 354%, with apps now an increasingly popular way to access current accounts rising from 21% of access in 2012 to 61% by the start of 2017. These innovations are helping us to manage our finances more easily.

Mobile 286

Mobile Cards Video Management 286

Bank Innovation

JANUARY 31, 2018

Moven burst onto the fintech scene in 2012 — it was founded in 2011 and launched an alpha product in 2013 — as Brett King’s bank, or bank account. Neobank Moven has secured an undisclosed amount from SoftBank and is looking to acquire a bank with the funding, according to an American Banker report. Originally […].

Fintech 261

Fintech Security Report Cards 261

PYMNTS

MARCH 15, 2017

The big day has finally arrived — no thanks to Mother Nature, who decided to throw a disruption of her own at the year’s biggest celebration of innovation in the shape of a blizzard named Stella. The fifth anniversary of Innovation Project in Harvard Square today being one extremely tenacious example.

Innovation 116

Innovation Payments Bitcoin Retail 116

PYMNTS

JUNE 7, 2019

Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. Single consumers are a force of nature as well when it comes to retail. At least that’s the case when talking about toilet paper – specifically, the Charmin Forever Roll. Shifting Tide.

Retail 133

Retail Millennials Online Innovation 133

PYMNTS

JUNE 5, 2017

Retail is more than a product on a shelf. To make the journey more efficient, retailers need an end-to-end approach, not just piecemeal solutions. At JDA, we’re focused on being able to enable the entire enterprise to operate in today’s environment,” said Jim Prewitt, JDA’s vice president of retail industry strategy. “At

Software 135

Software Retail St. Louis social media 135

PYMNTS

MARCH 6, 2017

And while the upgrades are various, they all come together to tell a single story about how Neiman Marcus is looking to reinvent retail for an entirely new digital world — and digital consumer. He’s the head of Neiman Marcus’ Innovation Lab. Loyalty, Emmons said, is an evolving concept in retail. What’s Next.

Fort Worth 129

Fort Worth Innovation Dallas Retail 129

PYMNTS

FEBRUARY 20, 2020

Lucaciu is the chief technology officer of Adore Me , an eCommerce and brick-and-mortar retailer that has adjusted to disruptive changes in its market, including the bankruptcy of the parent company of Victoria’s Secret. Since it was founded in 2012, the company has grown to a team of 140 employees across the U.S.

UX 210

UX Retail Technology Mobile 210

PYMNTS

MAY 8, 2017

At the ripe old age of 120, the Swiss Army knife holds a unique place in retail. Karl’s (the first) innovation put a spring on the handle of a folding single-blade knife that was the standard Swiss Army issue in the mid-1880s. Many of whom are also named Karl. Reach Out And Touch … Amazon And Alexa.

Retail 124

Retail Branding Online Tools 124

PYMNTS

DECEMBER 4, 2019

“We are kind of the red-headed stepchild of the alcohol world,” Rowe told INC , noting that despite its outside status, the sales of off-premise mead (mead that’s sold through retailers instead of a meadery) have shot up around 30 percent in the last five years. Last year, the off-premise mead industry generated $9.3

Innovation 137

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PYMNTS

OCTOBER 31, 2019

eCommerce innovators and established brands are taking new approaches to food commerce. Data: 2012: The year meal kit company Blue Apron launched. FIX , for instance, is changing the meal delivery model by ditching subscriptions and allowing customers to shop for meal kits and buy them a la carte when they want them. And Mondel?z

Innovation 100

Innovation Data Branding Marketing 100

Bank Innovation

JUNE 21, 2016

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

Digital Banking 199

Digital Banking Mobile Technology Operations 199

PYMNTS

SEPTEMBER 9, 2019

And in retail, legal cannabis innovates its way around the payments knot. Data: 2012: The year Peloton was founded. In authentication news, the use of digital identities is becoming more common, as consumers are largely satisfied with their presence. All this, Today in Data. 11.5K: Number of U.K.

Colorado 134

Colorado Software Data Innovation 134

PYMNTS

JANUARY 22, 2018

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. That was then.

Innovation 135

Innovation Online Branding El Paso 135

PYMNTS

AUGUST 9, 2017

Innovators in South Korea, France, Israel and the U.K., LISNR , a technology startup based in Cincinnati, Ohio, has been working on sound payments since 2012. It took years of innovation to get it to a capacity and reliability where we’re having commercial customers launch. Even Google took a crack at it.

Cards 202

Cards Security Apple Payments 202

PYMNTS

AUGUST 7, 2018

He said the company’s pilot program, which initially sold meal kits in 17 Costco stores and has expanded to 80 locations within three months, has “further validated to us the power of Costco’s retail platform.” Retailers have realized that consumers still like to come into stores,” Kilcourse said.

Retail 101

Retail Company Strategy Branding 101

PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. According to Dasilva, the past decade-plus has brought three major payments revolutions, each of which shook the retail industry. There’s increasingly less middle ground between getting omnichannel right or fading into oblivion.

Retail 100

Retail Apple Fraud Online 100

PYMNTS

AUGUST 17, 2016

Pixlee , a San Francisco-based startup, allows retailers or brands to market directly to customers by using their own photos through curating them from social media or having the customer directly submit them for use, which the company says leads to a more authentic and engaging shopping experience for consumers.

San Francisco 100

San Francisco Retail social media Marketing 100

PYMNTS

MAY 5, 2016

Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Such is the double-edged sword of a retail industry swept up in innovation. For every new path cut through the market, the retailers standing in the way are cut down. January — Wet Seal. As of Feb.

Retail 100

Retail Branding Denver Management 100

PYMNTS

MARCH 9, 2016

Everybody likes to talk about the addiction that brick-and-mortar retailers have developed for deep, and often destabilizing, discounts, and they usually point to store closings and executive board shakeups at Macy’s and other chains as clear proof of these practices’ consequences. Still, the label indicates that the $99.99

Retail 100

Retail Online New York Video 100

PYMNTS

MARCH 25, 2016

In 2016, retail is on the verge of its own ‘Kodak Moment’ – and not because it doesn’t understand the impact of digital to its future,” she added. Their ‘Kodak Moment’ came in 2003 – seven years after its best year ever – and not long after a board report concluded digital was nothing to really worry about.”. “In

Innovation 100

Innovation Payments Technology Online 100

PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. That business was called The Retail Credit Corporation. Senator Elizabeth Warren (D – Mass.) They are not.

Report 202

Report Regulation Data Retail 202

PYMNTS

SEPTEMBER 24, 2018

Lease-to-own services are making a comeback with eCommerce retailers. The option, provided by Progressive Leasing , allows customers to lease products for as long as a year and is available for over three million products on the retailer’s website. Progressive Leasing, a division of Aaron’s Inc. , Modern Takes On Lease-To-Own.

Puerto Rico 176

Puerto Rico West Virginia Vermont Wisconsin 176

PYMNTS

JULY 3, 2020

Several retail brands as well as designers have taken this twist on personal shopping to a new application. The Virtual Shopper program will open a new lane of engagement, driving sales to our retail partners, while also expanding shopping opportunities for our customers,” said Steven B. Tanger, CEO of Tanger Outlets.

Branding 142

Branding New York Retail Examples 142

PYMNTS

MAY 27, 2016

Omnicommerce usually refers to where and how retailers sell their products, not necessarily who they choose to sell them with. From office supplies and communal workspaces to new ways to pay for concert tickets, more barriers to siloed retail activity are falling every day to the onslaught of retail partnerships.

Retail 100

Retail Las Vegas Millennials Conference 100

PYMNTS

FEBRUARY 19, 2018

To help drive innovation, 25.5 percent of financial institutions are focused on new products, according to the PYMNTS Bank Innovation Readiness Index. Yet retailers are now offering shoppable photos on partner websites. To make a profit from the service, Venmo charges a processing fee to the retailer. A whopping 42.5

Payments 144

Payments Apple Comparison Virginia 144

CB Insights

JULY 19, 2017

Corporate innovation is critical for established companies looking to stay relevant in the face of disruption from up-and-coming startups. With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Retail/Consumer Goods.

Innovation 74

Innovation San Francisco Technology Mobile 74

NCR

FEBRUARY 21, 2017

Today, the ATM is one of the most familiar features of the retail banking landscape. That figure is likely to pass four million by 2021, according to Retail Banking Research. Once the ATM was an established and familiar part of the banking system, the next frontier of innovation was usability. Improvements in usability.

ATM 85

ATM Innovation New York City New York 85

PYMNTS

JUNE 20, 2016

By 2012, Ellison was instead touting the benefits of “the most comprehensive cloud on the planet Earth” his firm was developing. Oracle announced a similar partnership with Snapchat last week that will also be starting in consumer packaged goods before branching out more generally to all retailers. What is it? It’s complete gibberish.

Retail 101

Retail social media Data Software 101

PYMNTS

JANUARY 5, 2018

Once the largest retailer in the U.S., As of the end of October, Sears operated around 1,104 stores — about half of the 2,019 stores it possessed in 2012. The retailer has managed to use that — and some other innovations, like Sephora mini-stores — to help the firm to a better-than-expected 3.4

Retail 115

Retail Innovation Marketing Operations 115

Bank Innovation

JUNE 14, 2016

P2P payments were realtime within Chase since 2012, but now they are realtime among Read More. Bank, Bank of America, and as of yesterday, JPMorgan Chase. Bank and Bank of America joined the realtime network in March.

America 150

America Payments US Capital 150

Bank Innovation

FEBRUARY 25, 2016

The technology running GoBank, partially inherited from the Sam Altman-led startup Loopt, acquired by Green Dot in 2012, now underlies the entire Green Dot Read More. The unprofitable offspring of the industry-leading prepaid card? Turns out it’s much more than that.

Cards 150

Cards Mobile Industry Technology 150

PYMNTS

AUGUST 10, 2016

In general, venture capitalists are boosting their investments in Latin America, with funding reaching $594 million in 2015, a stark increase from $387 million in 2012, the Latin America Venture Capital Association confirmed. It looks like it’s no harm, no foul for Apple. Hackers Go For Gold In Rio.

Innovation 100

Innovation Apple social media America 100

PYMNTS

NOVEMBER 2, 2020

Today, the “membership has its privileges” mantra is at the core of the latest face-off between the two retail behemoths vying for an increasing portion of consumer spend: Walmart and Amazon. Amazon Prime became the catalyst for the consumer’s shift to digital and for the decline of physical retail.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

DECEMBER 17, 2018

Producers (or importers) sell to distributors, distributors sell to retailers and retailers sell to customers. Only retailers can sell to customers, and only distributors can buy from producers (except in the state of Washington). Drizly also faces an increasingly competitive marketplace than when it launched in 2012.

Retail 128

Retail United States System Boston 128

PYMNTS

MARCH 19, 2019

And a new interview shows that speed in payments is not as important as one might assume, which has wider implications for innovation. Data: March 19, 2012: Expected rollout date for a third Same-Day ACH (SDA) processing window. Speaking of faster payments: Does the U.S. Federal Reserve have a hidden agenda?

Data 124

Data Payments Fraud Branding 124

PYMNTS

MAY 6, 2019

It shut down in 2012, 15 months after its official launch. First stop on Facebook’s capital raising tour: The big guns with successful payments rails, loads of money and a demonstrable appetite to invest in innovation. Fifteen months after its official launch, in September of 2012, Facebook Credits was shuttered.

Innovation 209

Innovation blockchain Payments cryptocurrency 209