PYMNTS

JANUARY 20, 2021

Other than small things like a pen or providing staff with free coffee, anything given to employees that has a clear cash value attached to it is considered taxable by the IRS, said Nat Salvione , chief commercial officer of Tango Card. However, he added, the tax implications should not exceed the cost and purpose of the present. “We

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PYMNTS

SEPTEMBER 22, 2020

For small, mom-and-pop retailers, complex or proprietary procurement platforms simply aren't in the cards. With the pandemic accelerating businesses' digital shift , small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution.

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Cards Online Capital Security 235

PYMNTS

JANUARY 9, 2018

Dynamics, a unit of telecommunications firms SoftBank and Sprint, announced what it is calling the first battery-powered payment card on Monday (Jan. T he offering, dubbed Wallet Card, was unveiled during the annual Consumer Electronics Show (CES) technology conference.

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Cards Operations Payments Conference 110

PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance. That’s according to TokenEx , which recently hosted a webinar to help retailers better understand tokenization.

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PYMNTS

SEPTEMBER 16, 2020

And in retail, companies in the organic mattress space are running on a tri-brid business model that covers direct to consumer (D2C), third-party retail distribution and owned retail locations. Data: 18 : Number of brick-and-mortar mattress stores operated by Naturepedic. All, Today in Data. 77%: Share of U.S.

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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

JANUARY 27, 2020

Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. Take Amazon, which continues to expand its brick-and-mortar retail footprint, and the technology underlying those stores. Larger Trends.

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PYMNTS

SEPTEMBER 29, 2020

Global branded payments provider Blackhawk has debuted a new service allowing companies to outsource gift card and eGift program management, according to a news release Tuesday (Sept. The solution works for both companies with existing gift card programs and those looking to start one, the press release said.

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PYMNTS

AUGUST 20, 2020

It’s similar in those segments of the merchant/retailer community that were slower to adopt contactless payments and also digital payments, where circumstances have really forced the acceleration of their adoption as well.”. The New Samsung Pay Card . But the Samsung Pay Card powered by Curve works differently.

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Samsung Cards Payments Innovation 238

PYMNTS

OCTOBER 30, 2020

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

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Cards Online Fraud social media 192

PYMNTS

JUNE 9, 2020

Consumers whose wallets are bulging with gift cards issued by now-bankrupt retailers should think about spending them now — since they may become worthless. In fact, it’s the bankrupt retailers that may pocket the millions of dollars in unused prepaid gift cards. That’s about $2 billion to $4 billion. “It

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Cards Retail Groups Chicago 131

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.

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Fraud Retail Report Online 188

PYMNTS

MARCH 12, 2020

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

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Retail US Survey Examples 169

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

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Cards Capital Tools Fintech 164

PYMNTS

DECEMBER 22, 2020

This week's look at the convergence of accounts payable and accounts receivable finds tools like commercial cards, trade credit, artificial intelligence and robotics process automation easing friction on both ends of a B2B transactions. As it turns out, the technology can also ease friction for suppliers' AR operations, too.

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Cards Tools Payments Technology 199

Payments Source

AUGUST 7, 2019

Shinhan Card has begun piloting facial recognition payments with its employees at its headquarters’ retail facilities in partnership with South Korea’s largest convenience store operator BGF Retail.

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Retail Cards Payments Operations 72

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. Millennials to the Rescue.

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Retail Millennials Cards social media 183

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.

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PYMNTS

AUGUST 9, 2019

In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. The tech savvy consumer, he told PYMNTS, expects choice and autonomy in a retail setting. Some Exceptions to Automation.

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Retail Analytics Millennials Online 181

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

MARCH 1, 2019

Supermarket firm Kroger has expanded its ban on accepting Visa credit cards, stating on Friday (March 1) that its Smith’s Food and Drug unit will stop offering that payment option beginning April 3. The move follows 2018 bans on the payment giant’s cards at Kroger Foods stores located in the state of California.

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Cards California Retail Payments 193

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.

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PYMNTS

MAY 29, 2019

However, all three entities will operate separately. Although the three strong brands have been consolidated under one entity, they will continue to operate independently within their distinctive markets,” said Sureswipe MD Paul Kent, according to IT Web. “We We believe each provides a distinctive client solution.

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Cards Retail Fintech Operations 162

PYMNTS

OCTOBER 15, 2020

Herrick expects that ReplyBuy and Airship will create a holistic ecosystem, allowing retailers to use its engagement technology to acquire customers and then use conversational commerce to retain them and grow their value. With ReplyBuy, we'll operate in two-way conversations into that experience. Herrick agrees.

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Retail Technology Branding Mobile 188

PYMNTS

JUNE 10, 2019

Amazon is linking with Synchrony Financial to offer a new credit card for Amazon Prime members who have bad credit. As reported Monday (June 10), the card, known as “Amazon Credit Builder” will let users build up their credit profiles through the use of a secured card, and the firms also will offer budgeting tools.

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Cards Security Survey Tools 190

PYMNTS

DECEMBER 16, 2020

Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. That’s driven the retailer to require merchandise, risk-driven signatures that can be dynamically altered, said Thompson. The Scope Of The Problem.

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PYMNTS

AUGUST 28, 2020

Gourab Basu , vice president of global network processing at Visa, tells PYMNTS how deep learning keeps card (and card not present) transactions flowing. New Report: Helping Retail Treasurers Navigate The Digital D2C Shift (“How To” Playbook). Chipotle’s Chief Restaurant Officer On What’s Next For Restaurants.

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PYMNTS

AUGUST 7, 2020

CarrierHQ , which provides services to help fleets streamline their business, has partnered with Comdata for a new service offering that will provide carriers access to Comdata ‘s OnRoad Card, allowing them to access new services for fueling and funds, a press release stated.

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Cards California Management Online 153

PYMNTS

JUNE 27, 2019

These retail models cater to customers who are on the go by offering seamless experiences and convenient payment methods. Such locations can be critical in expanding retail options for smaller cities and towns, too, and staff-free grocery store Farmhouse Market seeks to do just that for consumers in New Prague, Minnesota.

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TheGuardian

JANUARY 18, 2024

Company exploring options as it plans to shift focus back to food and retail, rather than services Sainsbury’s Bank has opened the door to fresh takeover offers, after the supermarket group announced it would exit the banking business nearly 27 years after its launch. Continue reading.

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PYMNTS

JULY 2, 2019

Commercial card solutions provider WEX has announced the completed takeover of Go Fuel Card, first revealed earlier this year. Go Fuel Card operates its proprietary card network, with cards accepted at several thousand retail locations in the region. Europe and Australia,” he continued. “I

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PYMNTS

APRIL 23, 2020

With Texas Governor Greg Abbott’s plan to open the state again, shops will start running on a retail-to-go basis Friday (April 24). Owners of business are aiming to operate with the new changes — from a children’s retail shop to a music store, according to a News4SA report. In another part of the country, Georgia Gov.

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Retail Texas Georgia Cards 138

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

APRIL 30, 2019

According to Will Byrne, CEO of Worldnet Payments , the kiosks and smart shelves that are gaining traction across any number of commerce and retail settings may even shift the employment picture a bit. The Changing Retail Footprint. As unattended retail notches an increasing footprint, said Byrne, other use cases will also emerge.

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Retail Data Operations Payments 138

PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

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Cards Security ATM Data 151

PYMNTS

APRIL 16, 2019

Retailers put together window displays and signs to create enticing storefronts, engage customers via social media and send printed ads through the mail. While brick-and-mortar stores can employ customer retention strategies, kiosk and vending machine operations don’t always have the same tools available. Unattended Loyalty .

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Retail social media Mobile User Experience 162

Bank Innovation

JANUARY 23, 2019

Operant Founder and CEO Allan Fisch said at a meetup yesterday at Bank Innovation’s headquarters in New York that a consortium would allow the FIs to contribute anonymized data on the performance of their third-party […]. Toronto-based fintech Operant.AI

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