PYMNTS

MARCH 21, 2019

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. This will have a huge impact,” Hochrieser told PYMNTS. “It

Online 152

Online Retail Regulation Trends 152

PYMNTS

NOVEMBER 26, 2019

In separate news, Best Buy said it was looking for revenue of $50 billion by fiscal 2025 ahead of its investor meeting per news earlier this year. We also believe the initiatives we will outline today, along with a continued focus on cost reductions, will result in operating income rate expansion over the five-year timeframe.”.

Report 151

Report Online United States Retail 151

PYMNTS

SEPTEMBER 29, 2020

Reports said that the legislation aims to also provide greater efficiency to address market fragmentation, with current financial service providers working with cryptocurrencies often operating in only one member state. During the lockdown, many people shifted to accessing banking and other financial services online.

Innovation 323

Innovation Payments cryptocurrency blockchain 323

PYMNTS

DECEMBER 7, 2020

Societe Generale (SocGen) and Credit du Nord , both based in Paris, have approved a plan to merge their retail banking operations, the banks said in a Monday (Dec. In addition, SocGen said, the plan is to beef up Boursorama, a retail digital banking operation catering to individuals. million in 2025.”. million in 2025.”.

Digital Banking 159

Digital Banking Retail Operations Groups 159

PYMNTS

AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

Online 101

Online Retail Branding Data 101

PYMNTS

OCTOBER 28, 2020

In the November edition of the Payments Orchestration Playbook , PYMNTS examines how payments orchestration is emerging as an effective way to help bring firms up to speed as they find their digital operations wanting. percent until 2025, when it is poised to reach $42.9 Across The Payments Orchestration Ecosystem. About The Playbook.

Payments 257

Payments Report Operations United States 257

PYMNTS

DECEMBER 7, 2020

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. The benefits of using digital B2B payments solutions extend far beyond their ability to support a decentralized workforce.

Management 268

Management Cards Company Innovation 268

PYMNTS

JULY 5, 2020

The country’s eCommerce market is projected to expand from $21 billion in 2019 to $82 billion by 2025, according to a recent study by Google, Temasek and Bain & Co., s Google and Temasek would be major scores for one of Southeast Asia’s biggest eCommerce operators. Its growth potential contrasts the sales slump in the U.S.

Google 264

Google Regional Retail Groups 264

PYMNTS

SEPTEMBER 26, 2019

Speaking at a conference in Singapore, Traveloka Group of Operations President Henry Hendrawan said the company is working to solve the “pain points” of Indonesians — most notably that many citizens are unbanked. percent) of online purchases. percent) of online purchases.

Cards 158

Cards Conference Capital Online 158

PYMNTS

MAY 19, 2020

CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with analysts that the retailer amplified its digital marketing efforts and revised its online site content. These include operating with limited store hours, social distancing signage, elevated cleaning procedures, a new returns process, among many others,” Gass said.

Retail 235

Retail Report National Capital 235

PYMNTS

JANUARY 26, 2021

The global contactless payment market is projected to reach $18 billion by 2025, in fact, up from $10 billion last year — a nearly 12 percent compound annual growth rate (CAGR). Looking ahead at 2021, positive signs are on the horizon for the industry despite strains on CU operations due to the pandemic.

Tools 276

Tools Los Angeles New Jersey Trends 276

PYMNTS

JULY 30, 2020

Enova International intends to purchase online small business lender OnDeck for approximately $90 million in stock and cash. The audit determined that personal information held by the main digital payments system in the country operated by the RuPay card network was vulnerable. Enova To Buy OnDeck In $90M Stock And Cash Deal.

Report 133

Report Payments National Maine 133

PYMNTS

SEPTEMBER 22, 2020

QSRs that offer mobile order-ahead options as well as convenient online ordering methods are expanding their sales significantly through these digital channels during the pandemic. Such chargebacks are predicted to total approximately $40 billion before 2025. That total is predicted to decline to 44.1 million in 2023.

Fraud 255

Fraud Mobile Tools Study 255

PYMNTS

NOVEMBER 8, 2016

So while online retail accounts for about 5 percent of Southeast Asian commerce today, the region’s internet economy is poised to grow tremendously by 2025, with a projected annual worth of over $200 billion. But Amazon isn’t waiting until 2025, or even 2020. Its small size makes establishing an operation simple.

Regional 148

Regional New York City National Google 148

PYMNTS

DECEMBER 26, 2019

Lotte, a South Korean conglomerate, is shutting down its Vietnamese online marketplace, lotte.vn, which allows merchants to connect with buyers, according to Deal Street Asia. billion this year, and $23 billion by 2025, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain.

Retail 130

Retail Groups Maine Google 130

PYMNTS

MARCH 6, 2020

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

Payments 304

Payments New York Metro New York City 304

PYMNTS

JANUARY 13, 2021

billion planned acquisition of Plaid after objections stemming from a Department of Justice (DOJ) antitrust lawsuit, which said it would put Visa in a position to maintain a monopoly in the online debit card market. Visa has opted out of its $5.3 BillTrust To Make Its NASDAQ Debut Today Trading As BTRS. Starbucks announced on Tuesday (Jan.

Analytics 145

Analytics Fraud Payments Capital 145

PYMNTS

JULY 7, 2020

With a population of nearly 270 million, Indonesia is in the midst of a boom in its digital economy, which is expected to reach $130 billion by 2025, according to a study by Google, Temasek Holdings and Bain & Co. The country’s total budget for 2020 is $177.6 A Netflix spokesman said the company would comply. “It

Taxes 141

Taxes Google Seattle National 141

PYMNTS

JANUARY 24, 2020

The two companies plan on delivering a slew of card and real-time payment options, both for in-store and online purchases. It’s operational in the Middle East, Southeast Asia and India. billion by 2025. Pine Labs end-to-end value solutions will also be included, which the company said will replace paper ones.

Payments 152

Payments Innovation Study Meeting 152

PYMNTS

JULY 9, 2019

Those three words strike at the heart of identity, and mean so very much when it comes to the efficient operation of the global digital economy and its continuing growth, whether via retail, payments, financial services, healthcare or other areas. ID Data Points. Everything is moving toward digital.”.

Security 191

Security Online Fraud Samsung 191

South State Correspondent

JULY 18, 2024

In our last deep dive into the cost of checks for banks ( HERE ), we estimate that checks will end up costing banks about $12 per check (below) in 2024 when you add up branch costs, operational processing, and fraud. They can be done online, through mobile apps, or at the point of sale.

Fraud 195

Fraud Payments social media Operations 195

PYMNTS

JANUARY 2, 2020

Gaming company Razer is going after a Singapore digital banking license, along with China’s largest online monetary platform Ant Financial , according to reports on Wednesday (Jan. Google and Temasek Holdings. .

Digital Banking 130

Digital Banking Capital Google Cards 130

PYMNTS

NOVEMBER 11, 2019

Douglass has a front seat to all the ongoing and massive changes happening in the restaurant industry as operators deploy better technology and consumers demand more digital and mobile options. The new decade will bring more shift from offline ordering to online ordering, he said.

Trends 134

Trends Operations Chicago Technology 134

PYMNTS

FEBRUARY 19, 2018

Iconic French fashion house Chanel has inked a strategic partnership deal with online designer marketplace Farfetch that will focus on deploying the latter’s operating system within the confines of Chanel’s physical boutiques, according to industry news source Business of Fashion. Fashion cannot be digitized like music.

Customer Experience 122

Customer Experience Online Strategy Retail 122

PYMNTS

APRIL 14, 2020

As an example, Ocado, Britain’s leading online grocer, has had to stress-test an experimental program to automate its warehouses. As warehouse workers strike for better protective equipment and consumers show increased sensitivity around handling food, several new examples of robots filling in have emerged over the past few weeks.

San Francisco 278

San Francisco Retail Examples Mobile 278

PYMNTS

JANUARY 30, 2019

LINE Pay Corporation, operator of the popular payment app LINE Pay , announced that it is launching a LINE Pay co-brand credit card with Visa in Japan. In addition to payments and messaging, the company offers services such as food delivery, online video streaming and job searches. billion yen ($1.33

Cards 142

Cards Branding Video Payments 142

PYMNTS

JANUARY 21, 2020

Commerce operators such as Macy’s and Timberland , for instance, are showing how to use virtual reality-equipped smart mirrors for such tasks from product testing to checkout. Facebook also wants to partner with Ray-Ban’s parent company, Luxottica, to release the glasses between 2023 and 2025.

Retail 210

Retail Trends Washington Technology 210

PYMNTS

AUGUST 17, 2018

With India expected to be a $1 trillion digital economy by 2025, online retailers all want a piece of the action. And, earlier this month, India’s anti-trust regulator approved Walmart’s $16 billion acquisition of online marketplace Flipkart.

social media 101

social media Policies Retail Online 101

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. billion in value by 2025.

Tools 141

Tools Boston Cards Management 141

PYMNTS

JULY 28, 2019

Supermarket giant Kroger and online grocery retailer Ocado are joining forces to build the second of 20 planned automated warehouse facilities. The $55 million center, expected to become operational in 2021, will measure up to 375,000 square feet and is expected to generate up to 400 new jobs.

Florida 129

Florida Customer Experience Mobile Cards 129

PYMNTS

JUNE 1, 2020

In PYMNTS’ May 2020 Credit Union Tracker® done in collaboration with PSCU , we learn that, “Online transactions were estimated before the pandemic to account for 57 percent of all transactions by 2025, but the same models now predict that as much as 67 percent of all transactions will be conducted online by that time.

ATM 143

ATM Security Online Technology 143

PYMNTS

SEPTEMBER 18, 2018

While many still head to brick-and-mortar stores, shoppers are increasingly taking to digital channels, ordering groceries online instead of roaming through the aisles — having their produce, meat and grains delivered to their home or picking them up from stores via curbside delivery services. Over the past four years, nearly 20 major U.S.

Report 161

Report Mobile Trends Online 161

PYMNTS

JANUARY 19, 2021

What if close to half of all companies surveyed said productivity during COVID-19 work-from-home (WFH) orders is actually rising, as more business is conducted efficiently online and less time goes into commutation or gets siphoned off by sundry other office intrusions? Well, they’ve said it. billion in 2020 alone.”.

Fraud 151

Fraud Survey Video Mobile 151

PYMNTS

NOVEMBER 20, 2017

Customers will be able to shop online and schedule deliveries between 8:00 a.m. Walmart projects that as much as 20 percent of grocery sales will take place online by 2025, which is why the company isn’t going to ignore delivery, even if it feels that pickup is a better cultural fit. and 8:00 p.m. in a statement.

San Jose 108

San Jose New York California Online 108

PYMNTS

SEPTEMBER 28, 2020

Another alternative, noted James, is to rely on predatory lenders to access quick cash to cover the costs of operating. In today's social media age, that client could post negative reviews of a company online, which not only creates bad PR for a business, but effectively ends the business-customer relationship on a painfully negative note.

social media 215

social media Capital Fintech Operations 215

PYMNTS

DECEMBER 11, 2020

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. million by 2025, according to the new Tracker , and “FIs that leverage video-based KYC can reduce customer onboarding costs by as much as 90 percent.”.

Video 204

Video Security National Digital Banking 204

PYMNTS

JULY 23, 2020

Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools. A similar pattern is unfolding in Latin America, with interest in online services spiking as digital tools and solutions steadily filter into the region. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165