PYMNTS

JANUARY 28, 2021

One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. consumers have shifted to digital shopping channels to purchase retail products, a fourfold increase since the start of the pandemic. The report finds that 45 percent of U.S.

Cards 210

Cards Online Security Data 210

PYMNTS

MAY 19, 2020

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Here’s what you missed.

Cards 210

Cards Payments Retail ATM 210

PYMNTS

SEPTEMBER 7, 2020

The continued resumption may not be enough to stave off the top-line pressures and cash crunches that bedevil the Main Street SMBs that power a significant portion of the U.S. Census, there were notable gains in retail, where 249,000 jobs were added, and professional services, with 197,000 positions. The state of Main Street right now?

Maine 161

Maine Survey Data United States 161

PYMNTS

OCTOBER 12, 2020

In a time of increasing change for retailers and consumers, the current global climate has begun accelerating the future of retail trends at a much quicker pace than previously envisioned. consumers have largely relied on cards, were comfortable with them as a main purchase tool and the U.S. By contrast, U.S.

How To 317

How To Retail Survey Mobile 317

PYMNTS

DECEMBER 31, 2020

For Main Street businesses, to say 2020 was challenging is an understatement. According to PYMNTS data, more than 60 percent of Main Street firms have at least three channels operating to drive sales: online, at physical stores and mobile. Aid has notably come in from all corners, particularly the card networks.

Maine 169

Maine Philadelphia Community Boston 169

PYMNTS

NOVEMBER 9, 2018

The ascent of eCommerce and the digital tools that support it have made it easier — in both theory and practice — for retailers to not only see how consumers browse and what they buy (to analyze the entire path to purchase), but to get to know them in the same ways as those old-time general store operators who served small towns.

Innovation 174

Innovation Retail Maine Security 174

PYMNTS

NOVEMBER 7, 2016

One of this year’s favorites so far, according to reports in The New York Times, has been fake retail and product apps popping up in the Apple App Store of late. We’re seeing a barrage of fake apps,” said Chris Mason, chief executive of Branding Brand. Not all are theft-oriented — some are essentially harmless spam apps.

Retail 204

Retail Apple Branding New York 204

PYMNTS

SEPTEMBER 11, 2020

We have deep dives on Main Street, disbursements and quick-response (QR) code payments. . NEW DATA: The State Of Main Street Businesses Six Months Into The Pandemic. The coronavirus pandemic has stretched Main Street to its financial limits. Six Months Into Pandemic, Taking The Pulse Of Main Street SMBs.

Maine 141

Maine Apple Payments Online 141

PYMNTS

OCTOBER 9, 2020

trillion opportunity for eCommerce retailers. Fraudsters are just as excited by this opportunity as merchants, unfortunately, making it essential for these retailers to craft robust protections to keep the data and the payment information of their consumers safe. Around The Next-Gen Debit World.

Fraud 188

Fraud Retail Report Online 188

PYMNTS

OCTOBER 2, 2020

In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. The European Central Bank says Europe should be ready to adopt a digital euro so residents can access money amid the evolving retail payment landscape. for General Motor's Credit Card Business.

Cards 193

Cards Payments Atlanta Google 193

PYMNTS

JANUARY 23, 2019

This marks a change for Target — a retailer that had, up to this point, enabled mobile pay only for its own mobile wallet app and the Target-branded REDcard linked to it. That is consistent with what we have seen around the world when it comes to contactless card adoption,” Sanford said. stores over the next several weeks.

Cards 171

Cards Mobile Study Retail 171

PYMNTS

JANUARY 15, 2021

In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options. Retail Environment.

Retail 207

Retail Security Payments United States 207

PYMNTS

JUNE 3, 2019

The two most powerful forces shaping the future of retail payments have nothing to do with payments at all. It’s a world in which new retail models and new places to shop have emerged to satisfy that need, blending the online and offline worlds in ways that benefit the digital and marginalize the physical – at least as it operates today.

Retail 196

Retail Payments Online Cards 196

PYMNTS

SEPTEMBER 18, 2020

Digital payments — and specifically, card-not-present transactions — may be convenient for consumers, but can impact the very operations of the retailers serving them. As a result, Visa and PYMNTS found that 76 percent of the surveyed Main Street businesses reported having cash flow shortages.

Online 354

Online Survey Maine Study 354

PYMNTS

MAY 25, 2020

While it’s clear that the digital shift will stick in the retail ecosystem, other elements of the landscape are harder to predict. On March 24, knowing that some kind of government program was being considered, one in four Main Street SMBs didn’t think their businesses would survive the pandemic, and four in 10 said they weren’t sure.

Retail 161

Retail Strategy Training Customer Experience 161

PYMNTS

MAY 7, 2020

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. The company also launched a gift card portal in order to help buyers search for and support Square sellers. Card-present volumes were down by 60 percent year over year.

Maine 141

Maine Online Capital Retail 141

PYMNTS

JUNE 1, 2020

Many Main Street SMBs, local restaurants and designer boutiques are doing it for the first time. Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. But given the absence of contactless card penetration in the U.S., Gas stations are encouraging it.

Cards 147

Cards Study Maine Retail 147

PYMNTS

JANUARY 23, 2019

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. 22) as company executives gave an update of its card deal with Walmart. The financial institution (FI) said that, as of the end of Q4, the domestic card loans ending balance stood at $107.4 percent, down from 2.89

Capital 156

Capital Cards Branding Conference 156

PYMNTS

DECEMBER 22, 2020

The overall cautiousness and sense of financial prudence, he said, can be seen in the fact that consumers are embracing debit transactions over credit, using cash on hand rather than choosing to build their liabilities on a credit card. CUs have long offered cards targeting SMBs to help them navigate the financial headwinds of the pandemic.

Cards 308

Cards Maine Millennials Course 308

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job.

Cards 187

Cards Security United States Technology 187

PYMNTS

APRIL 10, 2020

A quick recovery may be in the cards. As reported, the Fed is expanding its “Main Street” lending efforts for smaller firms that have staff up to 10,000 individuals; the expanded Main Street focus will provide an added $600 billion in loans and offers $75 billion slated to come from the Treasury Department.

Lending 338

Lending Maine New York Survey 338

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

SEPTEMBER 17, 2020

retailers instantaneously get funds for card transactions with actual fund availability depending on receiving bank and geographic area, according to a Thursday (Sept. EVO Payments noted a recent study determined 76 percent of polled Main Street SMBs said they had cash flow shortages over the last four months. 17) announcement.

Payments 208

Payments Georgia Maine America 208

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Shell employs 8,500 people in India and retails fuel in six states. . The global smart fleet management industry was valued at $290.9 billion in 2016 and is projected to grow at a rate of 7.6

Cards 159

Cards Fraud Operations Management 159

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. NEW DATA: Inside Main Street SMBs’ Digital Shift. Retailing 2020: Five Things To Watch. Retail Reopening Hinges On Dangerous Discounts. The Flaw In Demonizing Big Tech. SBA reports show that $510.5 Trackers And Reports.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009. Take payroll cards.

Cards 158

Cards Las Vegas Innovation Mobile 158

PYMNTS

JANUARY 18, 2020

What makes the story stand out among the reams of local retail crime reporting is that the crime was actually committed. Botched crimes in local retail are common. Organized Crime’s Physical Retail Expansion . Brown rejected suggestions that it could be a current or past employee, telling local news affiliates, “It was a pro.”.

Retail 147

Retail Colorado Cards Report 147

PYMNTS

OCTOBER 27, 2020

While contactless payment methods in the form of mobile wallets and contactless cards are both becoming more common features, our consumer-survey data strongly indicates while that’s better than making consumers dip their cards, it’s not quite the gold standard when it comes to giving consumers hands-off options for payments.

Payments 289

Payments Survey Study Cards 289

PYMNTS

MARCH 20, 2020

To help local companies continue to bring in revenue amid COVID-19 restrictions, Instagram Co-founder Mike Krieger and his wife, Kaitlyn, rolled out a directory of eateries in the Bay Area offering gift cards called SaveOurFaves. Visitors can browse by location or query for restaurants in the region, according to reports.

Cards 159

Cards San Francisco Maine Regional 159

PYMNTS

DECEMBER 21, 2020

As PYMNTS researchers recently wrote, “news of the availability and distribution of COVID-19 vaccines has Main Street SMBs feeling optimistic about their chances of survival, yet uncertainty remains around when things will return to business as usual. Findings support the idea that moods have perceptibly lightened on Main Street.

Maine 161

Maine Study Retail Online 161

PYMNTS

NOVEMBER 25, 2019

Retail innovation comes from various places – and for the new decade, that includes quick-service restaurants (QSRs), the site of massive technological change. It is all but certain that in the new decade, QSRs will continue to drive retail innovation. Pickup Windows. The concept is meant to accommodate on-the-go diners.

Innovation 153

Innovation Retail New York City Minnesota 153

PYMNTS

AUGUST 7, 2020

While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their domestic ones have. Visa recently announced a new policy to help shoppers alleviate this pain point.

Policies 302

Policies Online Retail Payments 302

PYMNTS

AUGUST 21, 2020

Consumers confronting the COVID-19 outbreak are buying less and saving what they can, and retailers’ revenues are plummeting as a result. Retailers are passing this financial uncertainty onto their vendors, too, forcing many to take drastic measures to stay afloat. percent say they could use their personal credit cards, 25.5

Maine 142

Maine Survey Report United States 142

PYMNTS

JANUARY 1, 2021

PYMNTS' research shows that eight million consumers have used voice assistants to make purchases while shopping for retail goods or grocery products during the survey period, an increase of 45 percent since 2018 and 8 percent since 2019. Our shopper will use her card-on-file with her supermarket. How She Thinks About Timing Her Order.

Study 362

Study Survey Exercises Cards 362

PYMNTS

DECEMBER 21, 2020

One May report noted a 54 percent month-over-month increase in loyalty- and gift card-related promotion abuse, for example. This fraud trend is also likely to increase during the holidays as consumers step up their purchases of gift cards and other products.

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

NOVEMBER 18, 2020

The November/December Smarter Payments Tracker ® examines how firms are putting payroll apps and prepaid cards to use to resolve frictions for their global workforces. The workers can then use these cards to make retail payments in-stores and online, as well as collect cash at the ATM. Around The World Of Smarter Payments.

Mobile 220

Mobile Payments Cards Retail 220

PYMNTS

DECEMBER 31, 2020

percent made voice-assisted purchases while shopping for groceries or retail goods in the last 24 hours. Main Street SMBs: The 18-Month Outlook. Main Street small- to medium-sized businesses’ (SMBs’) confidence of survival has progressed as the pandemic has continued. percent fewer Main Street SMBs are hopeful of survival.

Data 277

Data Innovation Payments Millennials 277