PYMNTS

NOVEMBER 25, 2020

According to an exclusive consumer survey, 27 percent of shoppers expect to spend less money than they did in 2019. And when consumers do go online, gift cards are winning the season. When asked if they would purchase gift cards as part of their online shopping for the holidays, 29.6 percent said they planned to spend more.

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Online Cards Retail Data 176

PYMNTS

SEPTEMBER 9, 2020

Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. How Music Retailers Can Harmonize Security And Seamlessness. Around The Next-Gen Debit World.

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Cards Fraud Retail Online 162

PYMNTS

JUNE 9, 2020

Gift cards may be the gift that keeps on giving – not just for the recipients, but also for the companies that issue them. But then again, we’re pretty apt to forget to use these gift cards at all. A recent Bankrate.com survey of 2,600 consumers found that roughly half of all Americans own at least one unredeemed gift card.

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PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. By early 2019, Samsung Pay’s international presence grew to six global regions. By year-end 2019, it expanded into several new countries. . has seen slow adoption compared to other regions.

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PYMNTS

AUGUST 3, 2020

And in retail, Amazon ’s earnings were off the charts by any metric, and they didn’t come from cost-cutting. 80.8%: Share of AP departments paying suppliers with paper checks in 2019. $5T: 5T: Projected value of virtual card spending in 2025. $4B: 80.8%: Share of AP departments paying suppliers with paper checks in 2019.

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Accenture

OCTOBER 9, 2019

The credit card partnership market is off to an aggressive start in 2019, given issuers’ robust activity in the first half to try to fuel new growth amidst a leveling-off in receivables. Already, 10 new credit card programs launched in the second quarter of 2019 (Figure 1), compared to the 16 launched in 2018, based on our analysis.

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Cards Analysis Retail Apple 150

PYMNTS

JANUARY 15, 2021

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S. A notable $730 billion in U.S.

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PYMNTS

DECEMBER 11, 2020

Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Digital Gift Cards ’ Growth. For instance, people are simply directing more spend at gift cards this holiday season. Not All ‘Gift’ Cards Are Gifts .

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Cards United States Strategy Retail 291

PYMNTS

NOVEMBER 10, 2020

Global branded payments provider Blackhawk Network has acquired National Gift Card , one of the biggest North American prepaid tech and card companies, according to a press release emailed to PYMNTS. In September, Blackhawk announced it was rolling out new cards that would trigger automatic donations to certain charities when loaded.

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National Cards Branding America 159

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

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Retail Online Cards Data 218

PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Brick-and-Mortar View. percent.

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PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. The corporate card is going through a change this year, like many other parts of the business world.

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Cards Payments Innovation Regional 221

PYMNTS

DECEMBER 7, 2020

Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. BNPL transactions allow users to pay for merchandise across several installments interest-free, while also paying the retailer in full at the time of the sale.

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Capital Cards Millennials Regional 184

PYMNTS

JANUARY 30, 2020

Automated retail is a burgeoning space, with sales growth via many unattended retail devices significantly increasing. However, the industry faces challenges from old machines that haven’t been updated and the deployment of EMV-enabled cards/methods in the U.S. Data: 539: The number of net new stores Starbucks opened in Q1.

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Branding Retail Data Cards 130

PYMNTS

AUGUST 12, 2020

Nium , the global FinTech platform, announced in a press release emailed to PYMNTS that users will be able to make payments through Google Pay with its company Visa cards. The Google Pay partnership lets those cards work through many more payment terminals and options.

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Google Cards Payments US 265

PYMNTS

DECEMBER 16, 2020

In today’s top retail news, Benetton Group is teaming once more with EDITED, while CarLotz Inc. Benetton Group Teams With Retail Intelligence Firm EDITED. European fashion firm Benetton Group is collaborating once more with EDITED, the retail market intelligence company, as a “necessary platform” for its future three-year plan.

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Groups Retail Report Branding 192

PYMNTS

NOVEMBER 17, 2020

retail sales rose 0.3 Despite the pandemic’s negative effect on the economy, 2020 retail sales in October were 5.7 Despite the pandemic’s negative effect on the economy, 2020 retail sales in October were 5.7 September retail numbers were up 1.6 percent from 2019. percent in October to $553.3 percent. .

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Retail America Survey Cards 134

PYMNTS

OCTOBER 14, 2020

Spend management was the focus of innovation in the commercial card space this week thanks to partnerships and investments in firms aiming to help companies keep track of expenses. The platform brings together virtual and physical cards for staffers, spend approvals, bill management and expenditure reimbursements.

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Management Cards Innovation Fraud 238

PYMNTS

DECEMBER 10, 2020

When you look at what they’re spending year-to-date, they’ve spent more in 2020 than they did in 2019, and that is now across $2.7 Despite a record number of new coronavirus cases across the country and an escalating death toll, people are also saving more and shopping with debit cards instead of credit.

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America Cards Report Retail 243

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities.

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Cards Data Compliance Payments 207

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. Uber reported its earnings last week.

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Retail Cards Millennials Fraud 141

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That’s not to say physical retail is dying.

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blockchain Retail Trends Mobile 170

PYMNTS

DECEMBER 3, 2020

And rage they did, with digital sales blowing past storefront and mall retail. Digital selling on Black Friday hit $9 billion according to Adobe, up 22 percent over Black Friday 2019, although sales missed Adobe's Black Friday forecasts of just over $10 billion. percent increase from the share who did so in 2019.”. million (9.7

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Retail Data Online Cards 149

PYMNTS

DECEMBER 10, 2019

Bridge millennials’ rise is changing the retail ecosystem ahead of the 2019 holiday season, but their impacts will continue to be felt in the year ahead. The group also spends more than other demographics, averaging $2,225 in retail purchases per year. Bridge millennials are becoming bellwethers of shifting retail trends.

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Millennials Retail Groups Online 136

PYMNTS

MARCH 4, 2020

Although the attack occurred in 2019, the company only now revealed that an unknown number of customers had been affected by the attack. Online accounts also store order numbers, shipping confirmation numbers and shipment statuses.

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PYMNTS

SEPTEMBER 4, 2019

Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. . Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said. merchants dropped too, from the period of September 2015 to March 2019.

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Fraud Cards Tools Data 195

PYMNTS

APRIL 15, 2019

Chase announced Monday (April 15) that customers are now able to send gift cards via the Chase Mobile app or website. In a press release , Chase said customers can choose from more than 60 leading retailers to easily send gift cards. Users can send gift cards from $5 to $100 and won’t be charged a fee.

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Cards Retail Mobile Online 163

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. suggests businesses could be following suit.

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Cards Payments Taxes Study 188

PYMNTS

DECEMBER 31, 2019

A little more than a year ago, PYMNTS started tracking the race for the consumer’s whole paycheck between the two retail behemoths that have been expanding their respective ecosystems in the process: Amazon and Walmart. percent of consumer retail spending in the U.S., percent of consumer retail spending in the U.S., population.

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PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. 5: With Payment Cards. 10: With Contactless Cards.

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Cards Payments Mobile Millennials 207

PYMNTS

JANUARY 12, 2021

In today’s top retail news, Dollar Shave Club (DSC)’s board of directors have named a new CEO for the brand, while Albertsons Companies registered a digital sales growth spike in its third quarter fiscal 2020 results. percent Q3 fiscal 2019, while interest expense was $115.9 million in Q3 fiscal 2019.

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Retail Branding Study Management 145

PYMNTS

NOVEMBER 22, 2019

Gift cards are a popular revenue stream for quick-service restaurants (QSRs), largely for the same reasons they are popular among retail businesses of all types: They bring in new customers, promote loyalty among existing customers and create additional revenues when customers exceed the value of their gift cards.

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Cards Fraud Security Retail 131

PYMNTS

JANUARY 2, 2020

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan.

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Cards blockchain Retail Cyber Security 130

PYMNTS

JULY 5, 2020

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. The GSA is estimated to spend around $6 billion per year on open market credit card purchases.

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Online Retail Washington Fraud 149

PYMNTS

JULY 9, 2019

Automated retail might conjure up images of robot cashiers, but beyond a few convenience stores in Japan and Korea, that sci-fi development hasn’t yet become reality for the wider world. The latest Automated Retail Tracker explores these trends and new developments in the unattended retail space. smartphone users.

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PYMNTS

DECEMBER 16, 2019

Mastercard is partnering with CleverCards and Appreciate Group to offer gift cards directly to mobile wallets, Mastercard announced in a press release on Monday (Dec. The Select Digital Gift Card can be sent immediately by email, text or messaging app, and is available now as a last-minute Christmas present. billion in 2019.

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Cards Mobile Groups Compliance 131

BankInovation

NOVEMBER 29, 2023

Apple and Goldman Sachs are parting ways on the Apple Card and the tech giant will be in the market for a new issuer — and whether that’s a traditional financial institution or card-issuing fintech is the question now. The companies have been in cahoots on the Apple Card since 2019, but losses in Goldman’s […]

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Apple Cards Fintech Marketing 74