Payments Dive

SEPTEMBER 13, 2023

Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.

Retail 243

Retail Fraud Cards Report 243

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.

Retail 194

Retail Report Compliance Security 194

Accenture

MARCH 11, 2021

Key themes Purchase volume continued to show signs of recovery as all issuers reported QoQ growth in spend and some had YoY growth; Alliance Data posted the strongest QoQ growth of ~25%, likely as a result of easing retail lockdown restrictions.

US 288

US Cards Retail Data 288

PYMNTS

JULY 14, 2020

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. Customers can either round up their bills to the nearest dollar and give the excess to charity or get their change stored on loyalty cards. If the U.S.

Retail 290

Retail US Cards United States 290

PYMNTS

DECEMBER 16, 2020

In today’s top retail news, Benetton Group is teaming once more with EDITED, while CarLotz Inc. reported that revenues rose 12 percent for the third quarter of 2020. Benetton Group Teams With Retail Intelligence Firm EDITED. EDITED Retail Market Intelligence provides live data on more than 140,000 brands and retailers.

Groups 192

Groups Retail Report Branding 192

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.

Cards 141

Cards Retail Survey Company 141

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.

Cards 162

Cards Fraud Retail Online 162

PYMNTS

NOVEMBER 5, 2020

From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before.

Retail 252

Retail Millennials Online Report 252

PYMNTS

NOVEMBER 16, 2020

They have paid down their credit cards. The main one centers on the drop in credit card spend. A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019.

Cards 302

Cards Retail Survey Trends 302

Payments Dive

AUGUST 16, 2023

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

Retail 370

Retail Cards Report 370

Perficient

APRIL 18, 2024

For example, switching checking accounts to one with a better interest rate involves resetting direct deposits and recurring bill-paying, printing new checks, and obtaining a new ATM card.

Cards 221

Cards Data Regulation Apple 221

Accenture

AUGUST 31, 2020

Key themes The spending effects of the pandemic were fully felt in Q2 as most issuers report large declines in purchase volume between 15-30%, and receivables decline between 3-17% YoY. The post Q2 2020: US credit card issuer snapshot appeared first on Accenture Banking Blog.

US 222

US Cards Retail Data 222

PYMNTS

AUGUST 14, 2020

“Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. the odds of beating the bad guys are moving in retailers’ favor. “I The Challange With Card-Not-Present Transactions .

Cards 293

Cards Fraud Retail Security 293

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.

Retail 218

Retail Online Cards Data 218

PYMNTS

APRIL 17, 2020

To reportedly help it compete with Apple Pay and the Apple Card, Google is creating its own tangible and virtual debit cards. The tech company’s debit card will have the brand of Google along with its partnered financial institution; however, it is not known what the offering’s name will be.

Google 229

Google Cards Apple Branding 229

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. PYMNTS’ latest research report, Online Security And The Debit-Credit Divide , a PYMNTS collaboration with Elan based on a survey of 2,466 U.S. The report finds that 45 percent of U.S.

Cards 210

Cards Online Security Data 210

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 .

Cards 291

Cards United States Strategy Retail 291

Accenture

OCTOBER 4, 2021

Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.

Retail 222

Retail US Payments Marketing 222

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.

Cards 221

Cards Payments Innovation Regional 221

PYMNTS

JULY 15, 2020

Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs , Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July 15). To use Apple Pay, customers tap the card icon in the Afterpay app, which then activates the Afterpay card in the Apple wallet.

Apple 243

Apple Cards Innovation Conference 243

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.

Retail 264

Retail New York Dallas Trends 264

PYMNTS

JANUARY 13, 2021

In the months to come, the retailer will roll out Synchrony-issued credit cards in addition to a prepaid debit card that will be fueled by the Mastercard network, according to a Wednesday (Jan. The credit cards will link up with myWalgreens , the retailer's new customer rewards program. 13) announcement.

Branding 186

Branding Cards Retail America 186

Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Key themes. New partnerships.

Cards 236

Cards US Taxes Apple 236

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.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

SEPTEMBER 20, 2020

Cape , a new Australian FinTech made up of professionals in finance, is debuting its new “recession fighting” credit card, powered by open banking and intended to allow access to new functions like buy now, pay later (BNPL), according to a report from AltFi. retailers spiked 44 percent year-over-year in the second quarter.

Cards 254

Cards Fintech Management Lending 254

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.

Cards 207

Cards Data Compliance Payments 207

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. He cited the National Retail Federation , which found gift cards have been a top gift for over a decade. “If

Taxes 233

Taxes Cards social media Management 233

Banking Exchange

AUGUST 23, 2021

Study finds that midsize credit card issuers report greater drop in customer satisfaction levels compared to national counterparts Retail Banking Financial Trends Feature Feature3 Financial Research Cards Payments.

Cards 158

Cards Meeting Study National 158

PYMNTS

NOVEMBER 17, 2020

retail sales rose 0.3 Census Bureau report released on Tuesday (Nov. Despite the pandemic’s negative effect on the economy, 2020 retail sales in October were 5.7 September retail numbers were up 1.6 In September, numbers from the Commerce Department showed that retail sales increased in every category, up 1.9

Retail 134

Retail America Survey Cards 134

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?

Retail 169

Retail US Survey Examples 169

PYMNTS

OCTOBER 21, 2020

One recent study found that 29 percent of customers would stop shopping with retailers that they felt offered inadequate public health or safety measures, for example. Some may opt to alter their physical locations’ layouts, while others reassess the payment methods they offer. Forty-six percent of U.S.

Retail 174

Retail Payments Report Trends 174

PYMNTS

DECEMBER 5, 2019

Grab is introducing Asia’s first numberless card in batches, with Singapore launching on Thursday (Dec. The digital GrabPay Card is powered by Mastercard and offers users seamless payments integration and an expanded rewards system with a limited promotion giving up to 10x GrabReward points for every dollar spent.

Cards 159

Cards Retail Digital Banking Payments 159

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.

Cards 131

Cards Retail Groups Chicago 131

PYMNTS

MAY 23, 2018

The severe delinquency rate on private label retail credit cards jumped 57 basis points from March of last year and stands at 4.65 percent, according to Equifax ’s latest National Consumer Credit Trends Report. Equifax found that all credit cards account for 21.4 billion are up 0.8 It currently stands at 71.2

Retail 101

Retail Cards Trends Report 101

CFPB Monitor

NOVEMBER 4, 2021

The CFPB recently published a new report, “ Disputes on Consumer Credit Reports.” Using data on auto loan, student loan, general purpose credit card, and retail card accounts opened between 2012 and 2019, the report looks at the demographic characteristics of disputers and the outcomes for accounts with dispute flags.

Report 78

Report Cards Groups Retail 78

PYMNTS

JUNE 20, 2019

Apple has expanded the test phase of its credit card with Goldman Sachs to its retail employees, according to a report by Bloomberg. The group using the card, despite the size of the workforce, will be a controlled one, and the workers were asked to not talk about the card, even though they’re allowed to use it publicly.

Apple 187

Apple Cards Retail Groups 187

PYMNTS

SEPTEMBER 8, 2020

To better understand these COVID-era phenomena, PYMNTS’ September 2020 How We Shop Report: Measuring The Rapid Digital Shift , done in collaboration with and supported by PayPal , surveyed nearly 2,200 U.S. Consumers’ appetite for online grocery shopping has continually increased,” per the report. Many now say it’s for keeps.

Report 179

Report Survey Online Retail 179