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This edition of the Subscription Commerce Tracker highlights the latest developments in the subscription market, including why some content platforms are fighting consumer fatigue by shifting away from plan limits while embracing bundled services. By some accounts, the clothing subscription and rental market is on track to reach $1.85
We know from past data that a very high percentage of first-time buyers become repeat customers, so our customers likely have increased the overall market for their solutions. If the increase in the sale of digital goods is lasting, which I believe it will be, failure to invest and innovate will likely result in falling behind.
“Digitization has helped support remittance market continuity in the face of reduced mobility. We also believe money transfers relying on informal or unregulated routes are converting to formal money transfers, and may even help stabilize the market as travel restrictions likely remain.”.
Never before have we faced a scenario in which our clients, the market infrastructure, our vendors and all of our own teams are operating in a sustained contingency mode. Never before have we faced a scenario in which our clients, the market infrastructure, our vendors and all of our own teams are operating in a sustained contingency mode.
The estimated value of the global intelligent vending machine market by 2025 is $15 billion. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”. The projected CAGR of the global interactive kiosk market from 2019 to 2027 is 6.1
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. This gives a best-of-breed approach, which enables innovation and legacy services to coexist. Download the eBook.
In the meantime, we can build on the experiences of COVID lockdowns to accelerate the development of digital financial services tailored to the needs of individuals and businesses across our emerging markets.
A new report from Vesta Corporation finds fraud positions itself in the way of innovation and growth, even compliance. The company recently published a new eBook , Managing The Risk Of Fraud: The View From Corporate Finance, in which Vesta and CFO Research surveyed 155 senior-level finance executives in the U.S.
“Given the seismic shift to digital, the COVID-19 pandemic is forcing retail to achieve innovation in three to six months that would otherwise have taken three to five years. The pandemic has brought uncertainty to many businesses, but at the same time, it has sparked innovation,” said Ro Bhatia , chief operating officer at sticky.io.
Data: $310 million: Projected value of the kiosk market’s food and beverage revenue by 2021. 12 percent: Projected global CAGR for the smart vending machine market from 2019–2021. 25: Number of C-suite executives queried for the PYMNTS InnovationeBook.
Last year was the year of artificial intelligence (AI), declared Brighterion CEO Dr. Akli Adjaoute for PYMNTS’ 2018 year-end eBook. The technology is proliferating financial markets, particularly for some of the world’s largest financial institutions in need of enhanced compliance solutions. Turning Interest Into Adoption.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Because of this, there’d been a nebulous — at best — market on both the merchant and consumer side. Download the eBook. The reason?
There are fraud activities around KYC [Know Your Customer] in the application processes,” he said, adding that a recent eBook published by The ai Corporation highlighted various tactics by fraudsters in this area. The eBook highlights the importance of customer education in identifying and preventing these scenarios.
But just as it’s nearly impossible to predict with precision the future of an ever-changing, ever-innovatingmarket, it’s just as difficult to draw a single conclusion from so many experts’ opinions. The newest PYMNTS eBook is full of expert insight into the future of B2B payments, from commercial cards to accounts receivable.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Customers demand seamless, secure, innovative benefits that are easy to use and benefit them directly. Download the eBook. Today the vision is clear.
We have prepared a free ebook that contains brainstorming questions to help you better understand total experience. The total experience is the product, the user’s journey with the product, the marketing/branding, and the interaction between the users and support staff. You can download it HERE. It is rarely the other way around.
Takeaway 3 Innovation and continued digital transformation are necessary to pull ahead of your competition and take full advantage of rising rates. Lean on innovation. Innovation has created challenges for financial institutions by way of increased types of competitors and products, and innovation can help you lead the pack.
Daniel Houseman, partner at KPMG, contributed the following piece as part of the PYMNTS 2018 year-end eBook. . Payments innovation in 2018 has leveled the playing field, with new entrants, the rise of the customer and cross-border connectivity all enabling real-time payments almost anywhere and at virtually any time. New Entrants.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Download the eBook. Payment integration in messaging apps allow further options to integrate in consumers’ lives in a frictionless manner.
A new thought leadership eBook from Envestnet | Yodlee discusses the current relationship between long-established financial institutions and newer, more agile fintech organizations not only can exist together, but actually need each other to survive. Get the “Fintech Rising: Creating Synergy in Financial Services” eBook here.
This is because technology leaders benefit from new markets, the ability to scale and collaborate, as well as the opportunity to innovate. In fact, studies have shown that across a broad range of industries, small and midsize U.S. enterprises that are technology leaders produce faster revenue growth than technology laggards.
"What I enjoy most is helping our customers thrive in this rapidly changing world and helping them realize their vision in a way that simplifies the adoption of new technology — capabilities that can unleash their innovation in the digital economy," said Craig Muzilla, senior vice president of Red Hat.
He added that “higher quality” companies are likely to tap the equity markets. B2B payments migration to the cloud has been a long-time coming, but Covid-19 – and the immediate need to go virtual — has accelerated the pace of innovation for corporations,” Greene told Barron’s. People want to wait until the recovery happens.”.
Glenn Fodor, SVP and head of First Data Insights, contributed the following piece as part of PYMNTS’ 2018 year-end eBook. Brick-and-mortar’s performance to start the holiday season illustrated physical retail’s ability to encourage customers to spend more per visit.
The opportunity lies in bringing quality to market at scale. Because of the founder’s expertise and innovative spirit, the company’s products are all different, from the packaging right down to the names. Both demanded different marketing approaches as the pandemic hit. What also makes Spiceology unique are the blends.
Matt Carpenter, senior vice president and market director of Elan Financial Services , explores how his firm has responded to the drastic changes the pandemic has brought to the financial landscape and the world at large. "We Throughout the pandemic, payments have been an invaluable tool to connect, support and enact change.
Gerhard Oosthuizen, CTO of Entersekt , contributed the following piece as part of PYMNTS’ 2018 year-end eBook. At Entersekt, we started exploring a new market segment — the scores of rich cyber exchanges popping up all over the world. It’s a big part of my job, and anyone who knows me knows how innovation excites me.
COVID-19 has been an extraordinary test for governments, financial market infrastructures, banks, corporates and consumers around the world. At Citi, we can help clients adapt rapidly to this evolving environment because of our robust digital capabilities, capacity to innovate and global footprint.
No surprise, then, that innovation in the payments space is getting ever-more truncated in terms of time to market. Witness, for example, Amazon’s push into food via Whole Foods Market – and its foray into medicine through its announcement, just last week, that it would buy PillPack. Payments and financial services?
First, recent data from consumer analytics startup Jellybooks revealed that the rise of eBook and Kindle culture has given marketers insight not just into what books readers buy but how they’re reading them — or if they’re reading them at all. Jellybooks’ data gets a lot more granular than that.
But we at Citcon believe it will also be marked as the year that prompted stunning innovation across industries. This helps decrease the cost to market to customers, improving profitability and giving brick-and-mortar shops an asset online. But this is not just a marketing strategy, it’s also an insight engine when used well.
Barnes & Noble faces competition from Amazon , which holds a large share of the market for books. In addition, Walmart is seeking to make a push to sell eBooks and eReaders on its eCommerce website in 2018. Despite declining sales, Amazon is opening up brick-and-mortar bookstores , after all.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Only a couple of years ago, it was solely a Chinese digital ecommerce event, largely unheard of in Western markets. Download the eBook.
Along with that will come evidence of innovation tied to the changes brought about by the privacy regime — for instance, revisions to marketing budgets or new programs. In fact, within a couple more quarters, clear financial impacts of complying with the GDPR could start showing up in company earnings reports, Pace said.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. We see technology proven in mature markets such as in the U.K., Download the eBook.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. The international education market is estimated to be $53 billion worldwide in 2016 and 2017. Download the eBook. The opportunity is very real.
One of the biggest retail stories as we head into 2020 is how India is a battlefield of digital commerce, along with a hotbed of retail innovation. With a move that could make an increasingly crowded market more competitive, Amazon is reportedly planning to roll out a food delivery service in India. Amazon’s Moves.
Still others are finding themselves with an entirely new and unexpected customer segment, such as a new geographical market, that they can serve by connecting to another payment service. How these companies quickly pivot, limit risk and optimize upside will dictate who survives and thrives in this economy — and that includes our team.
housing market. The current crisis may cement telecommuting, distance learning and digital payments even more firmly into everyday life across the globe, opening up new avenues of innovation and accelerating current trends once the dust settles. The dot-com bubble in 2000 has often been cited as another black swan.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Download the eBook. Taking into account that the number of mobile banking users globally is forecast to double to 1.8
The retailer’s innovations come as 55 percent of customers shop both in-store and online, according to the PYMNTS Omni Usage Index. “To accomplish this, we continue our transformation to become more of a digital enterprise that moves with speed and agility.”.
In the few years since the first voice-enabled devices hit the market, consumer demand has grown tremendously. percent of owners use the devices to play music and eBooks; controlling smart home devices and games and entertainment each took 29.1 In many ways, it is the natural next step to facilitate human-machine interaction.
You’ve also got regular payments on things like advertising and marketing costs, recurring spend that used to sit with a centralized corporate procurement team — but now it’s handled by all of us individually, on the ground. Your marketing lead got a virtual card directly on their mobile device, in the exact amount.
Other areas of change were in our sales and marketing efforts. As trade shows were postponed and canceled, we quickly shifted our marketing approach, opting for a robust digital strategy. The experience has made us better, more efficient communicators. And as a result, we estimate our productivity has increased by 15 to 20 percent.
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