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

FEBRUARY 10, 2020

That is up from roughly $50 billion at present, with an estimated 175 million individuals shopping online in 2020. With those mandates, the Indian government said that online marketplaces can no longer enter into such third-party deals, or have a single vendor supply more than a quarter of inventory across a given product.

Taxes 175

Taxes Illinois Operations Study 175

PYMNTS

SEPTEMBER 21, 2018

To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores. However, as in a traditional retail store, staff called “in-store stylists” are on hand to give recommendations tailored to each customer. In Other Brick-And-Mortar News…. billion on U.S.

San Francisco 123

San Francisco Retail Chicago San Diego 123

PYMNTS

DECEMBER 27, 2019

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. Data: 2018: Year of the Wayfair ruling, which limited retailers’ physical presence to tax-exempting states. percent: Tax rate imposed on online sellers in Illinois starting in 2020. $4M:

Taxes 131

Taxes Alaska Minnesota Compliance 131

PYMNTS

NOVEMBER 19, 2020

Deerfield, Illinois-based pharmacy chain Walgreens has launched a revamped customer loyalty program, myWalgreens , which promises its customers new benefits as the company closes down its previous offering, Balance Rewards. Certain restrictions apply, such as for Walgreens locations that aren’t open 24 hours a day.

Puerto Rico 169

Puerto Rico Virgin Islands Illinois Mobile 169

PYMNTS

FEBRUARY 4, 2019

What eventually becomes cutting-edge in retail and payments often originates in places that are dedicated to security, not commerce. Those efforts come as voice-assistant and voice-activated technologies — different, of course, from voice-print biometrics — are having a moment in the retail spotlight. Voice-Print Efforts.

Fraud 161

Fraud Illinois Retail Security 161

PYMNTS

FEBRUARY 19, 2018

malls that are closing — particularly as shopping increasingly moves online, CNBC reported. “I In a $30 million renovation to the Oakbrook Center mall in Oak Brook, Illinois, for example, the former Neiman Marcus store was subdivided into two restaurants: Perry’s Steakhouse and Old Town Pour House.

Illinois 136

Illinois Retail America Study 136

PYMNTS

JUNE 3, 2020

reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 As it took “decisive actions” to maintain liquidity, Express Inc. million in Q1 2020 from $451.3

Columbus 130

Columbus Illinois Ohio Guidelines 130

PYMNTS

SEPTEMBER 22, 2020

The company recently said it would shutter 180 out of 380 offices in the country, while putting $115 million toward its online client offering and eliminating 1,000 positions. In addition, Illinois-based Byline Bank is to shutter 11 offices from the beginning of next year, Banking Exchange reported.

Pennsylvania 210

Pennsylvania Nashville Indiana Tennessee 210

PYMNTS

APRIL 16, 2020

The offering is now available from almost 2,000 stores in California, New York and Illinois, among other states, with plans to grow throughout the country in the months to come, according to an announcement. As it stands, Instacart partners with over 350 local, regional, and national retailers to provide delivery from over 25,000 stores.

California 161

California Illinois Washington New York 161

PYMNTS

SEPTEMBER 18, 2020

Cash flow is thus still king, according to Caleb Benoit , founder of Illinois-based retail and wholesale coffee company Connect Roasters. The microbusiness seeks to keep most of its payments digital so that operations — and cash flow — can run transparently and smoothly, Benoit said.

US 241

US Payments Illinois Operations 241

PYMNTS

MARCH 10, 2020

District Court for the Northern District of Illinois accusing Fifth Third of being fully aware that employees were opening accounts for customers without their knowledge since 2008. . The CFPB filed a complaint with the U.S. Fifth Third called the allegations “unnecessary and unwarranted,” according to the Wall Street Journal (WSJ).

Los Angeles 167

Los Angeles Illinois Meeting Retail 167

PYMNTS

OCTOBER 23, 2018

State rules vary, of course, and some states let retailers decide what payment methods to accept. However, retailers are given discretion, and some can ban debit cards if they prefer.”. Take Connecticut, for example,” reads an article from Heavy.com.

Cards 126

Cards Ohio Connecticut Payments 126

PYMNTS

AUGUST 15, 2019

The company says customers can save time and money by skipping the dealership and shopping online at Carvana.com. The Los Angeles Car Vending Machine joins counterparts in cities across Texas, Tennessee, Florida, North Carolina, Maryland, Arizona, Ohio, Missouri, Indiana, Pennsylvania and Illinois. and its first in California.

Los Angeles 169

Los Angeles North Carolina US Indiana 169

PYMNTS

AUGUST 24, 2020

The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct. The eCommerce retailer has reportedly registered many entities in the country in recent times. RILA Joins Trade Groups in Tackling Counterfeit Merchandise.

social media 152

social media Data Apple Compliance 152

PYMNTS

JULY 2, 2019

And that’s what’s happening with same-day delivery, among the biggest battlegrounds in all of retail, and one where fresh moves continue to increase competition in that area. The retail chain is making same-day delivery though Shipt available to all of its shoppers. Target acquired Shipt in 2017 for $550 million.

Las Vegas 136

Las Vegas Wisconsin Phoenix Illinois 136

PYMNTS

OCTOBER 23, 2020

In the longer run, the service will grow over the next several months to the grocer’s 570 retail locations throughout California, Illinois, Pennsylvania and Florida. According to Amazon, the COVID-19 pandemic has triggered a massive move to online grocery shopping, home delivery and curbside pickup. Everybody Loves Walmart .

Arizona 170

Arizona Chicago Georgia Phoenix 170

PYMNTS

FEBRUARY 7, 2019

“Last October, Kroger introduced Home Chef retail meal kits, and we’re now expanding to add the easy-to-prepare recipes to hundreds of new locations, providing convenient access to the meal solution at more than 700 stores. .”

Ohio 116

Ohio Montana Wyoming Columbus 116

PYMNTS

DECEMBER 30, 2019

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. Similarly, Illinois is eying close to $400 million in new annual sales tax revenue on ecommerce items shipped into the state.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

PYMNTS

JANUARY 7, 2020

As a result, of the eight million tons of food retailers throw away annually, the vast majority are fresh foods that spoiled before they were ever sold. That’s a lot of landfill space taken up, a lot of wasted resources and a massive economic loss for grocery retailers – totaling roughly $18 billion per year.

Retail 142

Retail Illinois Technology Maine 142

PYMNTS

JANUARY 22, 2020

The state of Illinois is still considering digital disbursements, though innovation remains slow. Online payments are taking small steps forward for several government agencies at the federal level as states examine their potential benefits. State and local agencies sent out more than $1.3 Digital Disbursements’ Slow Growth Across U.S.

Idaho 130

Idaho Illinois Innovation Tennessee 130

PYMNTS

DECEMBER 10, 2019

After conducting extensive research, we chose Lumin Digital because we believe it is the top online banking system on the market,” said Larry Holderman, CEO of Mutual Security Credit Union in the release. Our team worked in close coordination with the Lumin Digital team to execute a well-orchestrated conversion for our members.

Security 130

Security Illinois User Experience Digital Banking 130

PYMNTS

OCTOBER 22, 2020

The initiative starts in the weeks to come throughout ALDI’s over 60 Georgia stores, while it will grow to over 570 retail locations throughout California, Illinois, Pennsylvania and Florida in the months to come.

Georgia 130

Georgia Payments Pennsylvania Illinois 130

PYMNTS

DECEMBER 26, 2019

Even the ways retailers package their items can make a difference in their taxes. This month’s Next-Gen Sales Tax Tracker examines these compliance complexities and their impact, as well as ongoing efforts to streamline how retailers can fulfill their obligations. Easing tax compliance helps governments and retailers alike.

Taxes 130

Taxes South Carolina Compliance Alaska 130

PYMNTS

DECEMBER 11, 2017

While it’s nice to be able to shop from the comfort of the couch, purchasing online can be rather confusing for some consumers. To ease the online shopping experience, retailers are increasingly turning to social media platforms to offer consistent support to their customers. Around the Omni Usage world. About The Tracker.

Report 100

Report New York City New York social media 100

PYMNTS

MAY 26, 2016

There aren’t many decisions in online retail that depend on smart geographic selection and rent negotiation, but determining where to set down fulfillment centers is one of them. Two of the warehouses will be located in California — in the towns of Tracy and Eastvale, to be exact — with the third landing in Joliet, Illinois.

California 100

California Illinois Retail Community 100

PYMNTS

MARCH 12, 2019

Instacart, the online grocery company, announced Tuesday (March 12) it has expanded alcohol delivery for customers across the U.S. Instacart said customers in participating states will now see a new in-app banner that lets them shop directly from beer, wine and spirit “aisles” of select retailers on the Instacart marketplace.

North Carolina 109

North Carolina Washington Nebraska Kentucky 109

PYMNTS

DECEMBER 27, 2019

Incontinent adults frequently become homebound and isolated, avoiding socializing or even visiting doctors if they do not have enough clean diapers, Adam Greenberg, president of incontinence products retailer NorthShore Care Supply , said in a separate PYMNTS interview. “If Sales taxes’ price tags.

Taxes 146

Taxes Policies Compliance Retail 146

PYMNTS

JUNE 28, 2019

The retailer is adding more than a dozen new states that will receive the service, including in parts of Florida, Georgia, Illinois and Wisconsin. The retailer also hopes that next-day delivery will boost its eCommerce sales. Walmart has predicted online sales in the U.S. by the end of the year.

Las Vegas 101

Las Vegas Wisconsin Phoenix Illinois 101

PYMNTS

MAY 31, 2018

The paper reported that, in May, the online retailer “added two directors to its 11-member board that were nominated by activist investor Starboard Capital. The service said it attracts some 19 million unique monthly visitors to its online automotive marketplace. and autoscout24.de.

Indiana 105

Indiana social media Online Illinois 105

PYMNTS

NOVEMBER 16, 2017

According to the report, Amazon also rolled out a dedicated store for online smart home devices in Canada , where consumers can get access to Amazon Prime Music. retailers, they can now obtain them domestically. Amazon is also selling the Plus for $169.99 in Canada, reduced from the normal price of $199.99.

Denver 100

Denver Michigan Colorado Illinois 100

PYMNTS

APRIL 15, 2019

To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email. Europe’s 2017 share of the coin-operated vending machine production market is 30.3

San Francisco 130

San Francisco Retail System New Jersey 130

PYMNTS

JUNE 26, 2018

Not all kiosks are as high-tech as CaliBurger’s machines, but QSRs and other retailers are rolling out their own versions of the machines across the country. According to the PYMNTS Unattended Retail Tracker , it comes down to “offering the right combination of in-store tech, mobile solutions and online features.”. s research.

Examples 107

Examples Retail Arizona Illinois 107

PYMNTS

MAY 5, 2016

With sales on its businesses marketplace accounting for more than 40 percent of Amazon’s total sales overall, the Reuters story points out that it has helped to firmly establish the eCommerce giant in the online B2B space, which Forrester Research estimates will constitute about 12 percent of all B2B sales in the United States by 2020.

San Diego 100

San Diego Illinois United States California 100

PYMNTS

JULY 18, 2018

Sleep-In@Nordstrom featuring Casper launched on July 13 in select Nordstrom stores and online. In partnership with Nordstrom, we’re able to bring better sleep to even more people through the Pop-In@Nordstrom innovative retail experience.”. Pop-In@Nordstrom has partnered with Casper , the global sleep company, to launch a pop-up store.

Los Angeles 100

Los Angeles Seattle Texas Washington 100

PYMNTS

MARCH 13, 2018

For grocers, Amazon’s ventures into online groceries bring big competition, but delivery platforms such as Instacart can help grocers compete with the threat of eCommerce and delivery. Now, Instacart will count ALDI stores in greater Chicago — in areas as far as Rockford, Illinois — as part of its platform.

Los Angeles 102

Los Angeles San Francisco Dallas Atlanta 102

PYMNTS

MAY 27, 2020

As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. Le Pain Quotidien , the U.S. Le Pain Quotidien had about 2,500 employees before the pandemic.

Florida 131

Florida New York New York City Delaware 131