2018 Customer Experience Retail 
PYMNTS
FEBRUARY 26, 2020
This is the year that customer experience surpasses brand and price as the most important factor in retail. That’s just one of the conclusions drawn in the latest American Customer Satisfaction Index (ACSI) out of U Michigan’s Kellogg School, which focuses on retail. Online retail increased by 1.3
PYMNTS
DECEMBER 27, 2018
Glenn Fodor, SVP and head of First Data Insights, contributed the following piece as part of PYMNTS’ 2018 year-end eBook. Brick-and-mortar’s performance to start the holiday season illustrated physical retail’s ability to encourage customers to spend more per visit. As the U.S.
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PYMNTS
JULY 28, 2017
Over the last few years, chatbots have taken the retail space by storm, helping to automate several key aspects of customer service. Some may argue that retailers should be extra careful when it comes to chatbot development, but others are moving forward at full force. What’s the effect of chatbots on the retail industry?
PYMNTS
JULY 2, 2019
Building the best possible consumer experience is the focus of many retailers and FIs – even though there is probably no one right answer. And, of course, the rules can change rapidly, and what does and doesn’t make a good experience shifts accordingly. percent: Share of budget that FIs dedicated to innovation in Q4 2018. .
PYMNTS
APRIL 16, 2019
Retail apocalypse? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. merchants this year already have said they will shutter nearly 6,000 physical retail locations – that’s more than the nearly 5,900 closings for the entire year of 2018.
PYMNTS
DECEMBER 19, 2018
Consumers have been trained as retailer shoppers to pay merchants with a variety of payments methods that work at any point in time. The only kind of one-payment-method retailer that exists anywhere is a cash-only player, and those are becoming increasingly rare.
PYMNTS
NOVEMBER 9, 2018
It’s not your father’s customer loyalty anymore. Still, it’s striking — or, perhaps, significantly hopeful, in a retail sense — that 65.4 percent of retailers have said they innovate to improve customer loyalty. Generally, 56 percent of business innovation is driven by customer demand for more payment options.
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