PYMNTS

NOVEMBER 25, 2018

Overstock is gearing up to sell its retail business, with a deal taking place in the next few months as it focuses solely on its blockchain initiatives. Overstock has previously announced plans to sell the retail business so that it can focus on blockchain technology. Byrne is a big backer of blockchain and cryptocurrencies.

blockchain 202

blockchain Retail cryptocurrency Report 202

PYMNTS

MARCH 25, 2019

To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. They can also help capture the ages, genders and emotions (in some cases) of shoppers.

Retail 198

Retail San Francisco Houston Branding 198

Bank Innovation

APRIL 10, 2017

P2P, e-commerce, InsurTech, and neobanks–2017 is certainly shaping up to be a great year to shake up your smartphone contents with the latest fintech novelties. Of course, keeping a watch on the best newcomer apps can be a little challenging.

Course 274

Course Innovation Fintech Mobile 274

Chris Skinner

MARCH 11, 2017

Seven years ago, the first new retail bank in almost a century got its licence to open: Metro Bank. It sheds light on where challenger banks and financial technology (fintech) firms can make ground on the established banks. Grade I means … 57 banks and nothing wrong? surveyed 2,000 consumers in the UK about their banking preferences.

Metro 186

Metro Bitcoin New York cryptocurrency 186

PYMNTS

NOVEMBER 5, 2018

Those promise to stand as two main traits of the 2018 holiday shopping season , and retailers that gain an edge and increase revenue during the all-important fourth quarter will likely have exploited such tactics during this period, at least according to new data that strives to paint a detailed picture of U.S. 26 to hit $7.7 billion, up 17.6

Retail 179

Retail United States Millennials Study 179

Bank Innovation

NOVEMBER 28, 2016

Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.

San Jose 150

San Jose Innovation blockchain Strategy 150

Bank Innovation

JUNE 8, 2018

Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. What is the state of banking innovation today? Each year, we poll the industry to find out. This year, the pressure for banks to innovate is high, as banks no longer […].

Innovation 220

Innovation Bitcoin Fintech Industry 220

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

OCTOBER 19, 2020

billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. billion — in Auchan’s A-RT Retail. Sun Art tapped Alibaba technology to leverage growth opportunities in China’s hypermarket and supermarket space. A-RT has about a 51% equity interest stake in Sun Art.

Online 231

Online Retail Groups Operations 231

PYMNTS

FEBRUARY 7, 2019

This is true for any industry, but perhaps even more so in the food retail space, where regulations can be as much about public health and safety as they are about money laundering and fraud. food retail market with the adoption of the Food Safety Modernization Act (FSMA), introduced by legislators in 2009 and signed into law in 2011.

Compliance 164

Compliance Retail blockchain Regulation 164

PYMNTS

OCTOBER 23, 2018

To help shoppers check out without waiting in line, grocery retailers are rolling out entire stores centered around cashierless shopping experiences, enabling consumers to purchase fresh food and grocery items with a mobile payments app. ABI Research predicts that one million automated retail units will be in the Asia-Pacific region by 2023.

Retail 161

Retail Seattle San Francisco Metro 161

PYMNTS

JANUARY 12, 2021

Verizon , Verizon’s Skyward unit and UPS Flight Forward are teaming up to provide drone delivery for retail products using Verizon’s 4G LTE and 5G networks. The companies said 5G technology will allow the companies to fly more drones at once. Flytrex started delivery by drone in Reykjavik in 2017.

Retail 179

Retail Florida Technology Company 179

PYMNTS

JANUARY 21, 2020

Furniture is helping to build a larger retail ecosystem, with the value proposition of Oliver Space centered around providing furnishings, along with design help, to consumers who are moving. Data: 2017: The year IKEA bought TaskRabbit. All this, Today in Data. 39.99: Cost at which consumers can buy a Rabbit charger.

Retail 130

Retail Innovation United States Data 130

PYMNTS

JANUARY 2, 2020

It’s going to be a very vocal year when it comes to retail. About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. Connected Commerce.

Retail 154

Retail Branding Comparison Data 154

PYMNTS

SEPTEMBER 25, 2019

Can a person’s ear serve as one of the next frontiers of retail innovation? News has recently emerged that a computer scientist has developed what Geek.com called a “novel way of unlocking your phone,” which, in turn, could one day find its way into retail uses as a new form of biometric authentication. China Example. Other Players.

Retail 152

Retail Innovation System Examples 152

PYMNTS

NOVEMBER 29, 2019

In a season where tradition is key, retailers are setting new ones with the help of emerging products and services on this Black Friday. You may have missed our coverage of a few of the retail innovators that are summed up below, arranged in no particular order, or perhaps you’ll want to revisit them anew.

Retail 151

Retail Innovation Online Meeting 151

Chris Skinner

MARCH 15, 2017

For example, it shows that the UK retail banking market place has become a dull playground thanks to mergers and acquisitions over the past half century: As a result, the six large banking groups held an 89% market share of the current account market. Anyways, there is some key metric data in the report.

Regulation 291

Regulation Retail Survey Mobile 291

PYMNTS

DECEMBER 2, 2019

Shares in Future Retail rose 13 percent on Friday (November 29) after India’s antitrust body announced that it has approved a deal that would give Amazon a minority stake in the company. In August it was reported that the eCommerce giant was in discussions to acquire a stake in Future Retail. percent of Future Retail.

Retail 130

Retail Marketing Groups Operations 130

PYMNTS

SEPTEMBER 29, 2020

Whole Foods CEO John Mackey said the company's merger with Amazon has been enabling the grocery retailer to "think long term," Bloomberg reported. They’re making investments in technology for Whole Foods that I think will be transformative. Whole Foods was sold to Amazon in 2017 for $13.7 And the answer is yes.

US 274

US Retail Report Online 274

PYMNTS

MARCH 11, 2020

The advance of Amazon’s cashierless technology is not a new story to the retail beat as of 2020. We’re not trying to replace them,” Cameron Janes, vice president of Amazon’s physical retail division, told CNBC. “I What does Amazon’s technology cost? Have other retailers signed on with the service?

Retail 130

Retail San Francisco Technology Data 130

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. Transaction volumes and spending soared by 174% and 225% respectively during the year.

Mobile 286

Mobile Cards Video Management 286

PYMNTS

NOVEMBER 4, 2019

According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. The rise of mobile commerce and selling of digital goods has added to retailers’ fraud problems. In fact, North America’s top 1000 online retailers have sold $143 billion worth of goods to customers outside the U.S.,

Fraud 124

Fraud Retail Online Study 124

PYMNTS

JULY 23, 2019

s Faster Payments Service through a collaboration with Bottomline Technologies. Truckers play an important role in shuttling deliveries across country to retailers and merchants, handling 71 percent of the freight tonnage moved in America in 2017. Around the Faster Payments World. Find all the latest headlines in the Tracker.

Retail 131

Retail System Payments Resources 131

Bank Innovation

DECEMBER 13, 2016

This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped. It’s almost time to wave goodbye to 2016. But how will it continue? That’s the real Read More.

Fintech 150

Fintech Regulation Technology Regional 150

PYMNTS

JULY 5, 2020

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Amazon must like the supermarket business. Three years after it paid $13.4

Seattle 220

Seattle San Francisco US Chicago 220

PYMNTS

DECEMBER 19, 2016

Walmart has announced that it is now testing new blockchain technology to track and trace produce in U.S. Now, the technology and use of it are even closer. It’s a pilot program, where sliced apples and cut broccoli will be used to test the blockchain database technology for four months starting in the first quarter of 2017.

blockchain 100

blockchain Technology Apple Examples 100

PYMNTS

JULY 25, 2017

Technological advances are pushing the boundaries for what’s possible in a variety of industries. Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers.

Fraud 196

Fraud Online Retail Maine 196

PYMNTS

DECEMBER 26, 2019

This year, apps aimed to make it easier and more convenient for consumers to order their favorite foods and sundries, with restaurants and other retailers tapping into delivery. To help bring these options to more consumers, retailers and technology companies decided to join forces.

Retail 134

Retail New York City Los Angeles New York 134

Bank Innovation

JANUARY 4, 2017

Another day, another dollar—only this is fintech, so it would be more accurate to say another day, another multi-million investment in blockchain, virtual currency, mobile banking, e-commerce, and/or all of the other technologies on the playground. So far, 2017 fintech funding hasn’t veered far from the areas of interest in Read More.

Fintech 207

Fintech blockchain Mobile Technology 207

Bank Innovation

MARCH 20, 2017

In 2017, overall 43% of personal products at banks are capable of being opened or applied for on a mobile device, up from 31% in […]. Customers are ready to acquire their banking products through mobile. And banks are preparing too — just very slowly.

Mobile 291

Mobile Online Management Technology 291

PYMNTS

FEBRUARY 12, 2019

But in 2017, the company took in capital at a valuation of $1.25 Uber Technologies Inc. and Slack Technology Inc. The news comes after it was reported in 2017 that Peloton might have been looking to raise $120 million for a valuation of $1.2 billion, per unnamed sources.

Exercises 211

Exercises New York Report Capital 211

PYMNTS

OCTOBER 5, 2018

One of the new realities of augmented reality is this: the technology is attracting more investment from China than from sources in North America. According Digi-Capital , which tracks AR investments, China-based funding for augmented reality and computer vision technologies hit $3.9

Apple 197

Apple Capital Colorado America 197

PYMNTS

SEPTEMBER 14, 2020

For the second time in the past week, the retailer has announced a pilot program to test how well drones will pick up and deliver packages. Walmart said in a news release that the trial deliveries will use Zipline technology. The company started making deliveries by drone in Reykjavik, Iceland in 2017.

North Carolina 239

North Carolina Arkansas Connecticut Operations 239

PYMNTS

JUNE 11, 2019

Thailand’s Siam Commercial Bank won’t be using Ripple’s XRP technology despite earlier announcements of such plans. ” At the time, SCB said it was the first bank to use Ripple technology in a B2B payments format. “As of now, we have no plan on using XRP.”

blockchain 207

blockchain Fraud Payments Technology 207

PYMNTS

DECEMBER 27, 2018

Following a year characterized by the disruption of the retail landscape, the growth of digital payments, and significant mergers and acquisitions, 2018 began with many observers expecting to see the downfall of brick-and-mortar in favor of eCommerce, further technological enhancements to digital payments and additional market consolidation.

Data 173

Data Retail eBook Online 173

Bank Innovation

MARCH 12, 2017

Treat Startups Same as Banks Youth and skill, or age and experience? This is something that has been long debated in the financial world, since the Fintech Golden Age roared in after 2008. The fact is, a little age and respectability is sometimes a key factor when it comes to consumers and clients choosing a […].

Innovation 170

Innovation Fintech Online Technology 170

PYMNTS

SEPTEMBER 21, 2018

Walgreens Boots Alliance and Alibaba Group Holding have announced the launch of a Boots flagship store on Tmall Global , Alibaba’s B2C platform for international brands and retailers. billion), respectively, in 2017. Recent data shows that total skincare products and makeup sales in China reached RMB186.7 billion and RMB34.4

Branding 175

Branding Retail Groups US 175