PYMNTS

JULY 1, 2020

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store retailer also recognized an $80 million long-lived asset impairment charge, according to a first-quarter financial results announcement. Macy’s Inc.

Taxes 232

Taxes Retail Maine Regional 232

PYMNTS

JULY 2, 2020

As it starts to consider the holiday season in the age of social distancing, Macy’s Chairman and CEO Jeff Gennette noted on a recent call with analysts that the retailer is mulling all of its available options for Black Friday. The retailer also recognized a long-lived asset impairment charge of $80 million, per its Q1 financial results.

Retail 211

Retail Taxes Security Marketing 211

PYMNTS

JANUARY 9, 2019

Retailers raked in more than $850 billion during the 2018 holiday season, marking the fastest holiday retail sales growth seen in the past six years. Luxury retailers have been slower to move online than some other retailers, but the impact of online sales in this industry can already be seen.

Fraud 109

Fraud Retail Security Online 109

PYMNTS

JULY 5, 2020

The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 Google and Temasek Holdings Private Ltd. , s Vision Fund has also met with Facebook Inc. Microsoft Corp. and Amazon.com Inc. , the sources said.

Google 264

Google Regional Retail Groups 264

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. The retail executive said home was the most formidable category, with digital sales rocketing over 50 percent for the quarter. billion and $1.75.

Retail 235

Retail Report National Capital 235

PYMNTS

OCTOBER 22, 2020

Online clothing retailer ThredUP has filed confidentially for an initial public offering (IPO) in the U.S., Another used clothing retailer, Poshmark , also recently filed for IPO, after delaying that move for around a year to focus on growing sales and boosting its business. Securities and Exchanges Commission (SEC).

Oakland 222

Oakland California Retail Strategy 222

PYMNTS

JUNE 22, 2020

has put into place a three-year secured asset-based revolving credit facility with a group of financial institutions (FIs). The ABL facility, which takes the place of the retailer’s existing unsecured revolving credit facility, expires in June of 2023, according to a statement. In separate news, Macy’s Inc. billion credit facility.

Retail 141

Retail Capital Security Meeting 141

PYMNTS

DECEMBER 26, 2019

In an email to merchants, the company said the reason is a change in retail strategy, and the site will merge with SpeedLvn, which retails products sold at Lotte’s physical stores. The move is indicative of the trend toward “new retail,” which is the blending of eCommerce and traditional retail.

Retail 130

Retail Groups Maine Google 130

PYMNTS

AUGUST 22, 2018

Securities and Exchange Commission (SEC). We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. In citing some stats, the company said that the global market for luxury goods stood at $307 billion last year and should reach as much as $446 billion by 2025, per Bain.

Online 101

Online Retail Branding Data 101

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity.

Fraud 169

Fraud Cards Security National 169

South State Correspondent

JULY 18, 2024

Last week’s announcement that Target, one of the nation’s largest retailers, will not take personal checks past July 15 th has made bankers take notice. Target joins Whole Foods, Aldi, and Lululemon as major retailers that have found that checks eat up too much margin.

Fraud 195

Fraud Payments social media Operations 195

PYMNTS

JANUARY 16, 2020

They may have put in a billion dollars,” Goyal said at the New Delhi security conference Raisina Dialogue. Anybody who tries to use the eCommerce marketplace model to get into the multi-brand retail space surreptitiously will have to be questioned, will have to be investigated,” he said.

Conference 131

Conference Retail Branding Meeting 131

PYMNTS

OCTOBER 15, 2020

The SWIFT network, for example, began collaborating with Microsoft and BNY Mellon to institute cloud-based cross-border payments , allowing banks to move away from correspondent banking and improve the payments experiences of their corporate and retail customers. Standard Chartered expects this process to be complete by 2025.

Payments 228

Payments Report Study Security 228

PYMNTS

FEBRUARY 25, 2020

The prepaid card gives fleet owners transparent operations through “extensive control over fuel spend, ease of operations, enhanced convenience and security to prevent and detect fraud in reduced TCO,” Kohli said. Shell employs 8,500 people in India and retails fuel in six states. . percent by 2025.

Cards 159

Cards Fraud Operations Management 159

PYMNTS

OCTOBER 4, 2019

And, in retail, delivery platforms are working with merchants beyond restaurants, while consumers are clamoring for “clean” skincare products. 80 percent: Anticipated growth rate of the restaurant industry’s off-premise spending by 2025. 80 percent: Anticipated growth rate of the restaurant industry’s off-premise spending by 2025.

Fraud 116

Fraud Digital Banking Data Retail 116

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. The battle never ends.

Security 191

Security Online Fraud Samsung 191

NCR

AUGUST 10, 2017

This tech-driven transformation of the payments and retail sectors is set to continue, so what impact could the most cutting-edge innovations have in the years to come? billion by 2025. They could also give retailers greater access to customer data and preferences, leading to more relevant services and recommendations.

Industry 75

Industry Retail Innovation Payments 75

PYMNTS

OCTOBER 24, 2018

By 2020, 30 billion Intelligence of Things (IoT) devices are expected to be connected worldwide — a figure anticipated to skyrocket to 100 billion by 2025. As the number of IoT devices grow, the security risks will only become more impactful. Around The IoT World.

Trends 119

Trends Security Data Retail 119

PYMNTS

JUNE 6, 2019

For some time now, retailers have been using it and radio frequency identification (RIFD) behind the scenes for stock and quality control, as well as to provide product information to customers with smartphones. percent between 2018 and 2025. Some companies like French sporting goods retailer Decathlon are exploring QR codes instead.

US 140

US Apple New York City Cards 140

PYMNTS

JANUARY 15, 2021

In its Securities and Exchange Commission filing , Poshmark said the platform encourages users to tap inspiration from the like-minded people in the digital community “to discover, connect, and curate their network and news feed.” . The $28 billion market is anticipated to hit $64 billion by 2025. .

United States 151

United States Community Marketing Fintech 151

PYMNTS

DECEMBER 3, 2018

Excuse the homespun wisdom, but offering weak authentication defenses in the face of those determined young consumers can bring down heavy fines and unwanted attention, and threaten a growing retail or online business. billion by 2025, experiencing a compound annual growth rate (CAGR) of nearly 24 percent. Market Growth.

Online 177

Online Training Security Data 177

PYMNTS

MARCH 24, 2017

The number of smartphone users in the region is anticipated to surpass 257 million by 2020; likewise, Southeast Asia’s internet economy is projected to become a $278 billion market by 2025. ABC News Australia reported that Amazon had recently hired over 100 employees in logistics, IT and security roles in Sydney.

Regional 103

Regional Retail Groups Online 103

PYMNTS

JANUARY 19, 2021

The larger issue is remote onboarding becoming the dominant form of account creation, and how to secure a world where in-person meetings are out, and documents can be faked. Digital identity is anticipated to generate $8 billion for mobile network operators by 2025, up from $1.3 billion in 2020 alone.”. Digital A Lifesaver For HR Pros.

Fraud 151

Fraud Survey Video Mobile 151

PYMNTS

JANUARY 29, 2019

Visa and the National Football League (NFL), partners since 1995, will extend their collaboration through 2025 and work together to make a cashless Super Bowl a reality one day, Visa said in a release. Visa will be the preferred payment method across all NFL events, including for games, concessions and merchandise shops.

Payments 180

Payments National Security Cards 180

PYMNTS

FEBRUARY 27, 2019

Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. Deep Dive: Security in the Time of Faster Payments. Get the full story in the Tracker.

Nebraska 144

Nebraska Risk Management Apple Payments 144

PYMNTS

NOVEMBER 20, 2017

However, the big-box retailer has several delivery irons in the fire as it fights for a place at the forefront of the grocery delivery space alongside Instacart, Shipt, AmazonFresh and multiple supermarket chains. Deliv was also one of the partners for last year’s last-mile grocery delivery tests by Walmart, along with Uber and Lyft.

San Jose 108

San Jose New York California Online 108

PYMNTS

JULY 27, 2018

Security Officials Warn of Potential Supply Chain Hack. National Counterintelligence and Security Center warned that Russia, China or Iran could be involved in such an attack, targeting software linked to the supply chain. The report by the U.S. Google Bans Apps that Mine User Devices for Crypto.

San Francisco 101

San Francisco Google social media cryptocurrency 101

PYMNTS

APRIL 11, 2019

Securing alcohol is one of the grand adventures of life, especially if a person is younger than the legal age to buy. For those plans to succeed, however, a robust system of digital ID is necessary, lest regulators and parents decide such a retail activity is unsafe for children, and take steps to pull it back. reached $1.7

Online 169

Online Retail Regulation Maine 169

PYMNTS

MARCH 25, 2019

534 billion: Projected value of the IoT healthcare market by 2025. . $500 billion: Annual sales from fake fashion items and accessories. 35 billion: Estimated number of connected IoT devices in use by 2020.

Innovation 148

Innovation Fraud Regulation Data 148

PYMNTS

JULY 17, 2018

Businesses and other organizations hoping to profit from the expanding digital economy find ways to maintain and even deepen consumer trust in their security efforts. All those connected devices will, by 2025, represent an estimated $6.2 The key is to ensure that all devices are secure,” Emery said. More Connections, More Risk.

Security 102

Security eBook Millennials Industry 102

PYMNTS

MARCH 21, 2019

billion by 2025, experiencing a compound annual growth rate (CAGR) of nearly 24 percent, according to one report. That will also work in favor of companies such as Jumio: The FDA said retail sites selling those flavored products must use third-party authentication services to prevent sales to underaged consumers. Regulatory Trend.

Online 152

Online Retail Regulation Trends 152

PYMNTS

AUGUST 30, 2018

In a retail setting, that would mean virtual information appearing over real products in stores. billion of retail annually by 2025, fueled by the shopping habits of some 32 million consumers. The retail chain, working with Perfect Corp.’s AR Market Growth. billion in 2015, according to Zion Market Research.

Apple 102

Apple Colorado Retail Technology 102

PYMNTS

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. billion USD) in revenues by 2025.

Fintech 136

Fintech blockchain Trends America 136

PYMNTS

MARCH 28, 2017

Not everything has progressed smoothly for the online retail giant as of late. The online retail giant has reportedly delayed the public opening of Amazon Go due to technical difficulties with its “Just Walk Out” system. Southeast Asia’s internet economy is projected to become a $278 billion market by 2025.

Retail 100

Retail Online Marketing Regional 100

PYMNTS

OCTOBER 5, 2020

Using digital-first channels to shop for retail products and order food from restaurants using aggregators is two to two-and-a-half times better than consumers reported just three months earlier, at the end of May. The same goes for retailers. The national study PYMNTS fielded to 2,157 adult consumers between Sept. 10 and Sept.

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Study Retail Maine Report 306

PYMNTS

MAY 8, 2020

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. billion by 2025, according to one study. Financial uncertainties following layoffs and furloughs have made many U.S. Shopping on mobile devices has increased 7.7 Such sites are expecting major growth in the U.S., Betting service 888.com

Online 176

Online Industry New Jersey Pennsylvania 176

South State Correspondent

OCTOBER 25, 2023

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The channel is not secure, and any criminal can steal, forge, or alter the checks almost at will.

Fraud 195

Fraud ATM Payments Management 195