PYMNTS

AUGUST 12, 2020

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation. One of the digital tools in which Main Street SMBs show great interest is real-time merchant fund settlement.

Maine 183

Maine Survey Study Tools 183

PYMNTS

MAY 20, 2020

Most businesses have been hit hard by the global pandemic, but perhaps no segment has been more crippled or left with a future more uncertain than the Main Street local establishments that rely on daily sales for traffic. Retailers need help right now. Another 3 percent said they’ll rely more on brick-and-mortar sales in the future.).

Maine 177

Maine Fintech Retail Online 177

PYMNTS

MAY 28, 2020

Seven out of every 10 SMBs have either added new digital capabilities or enhanced their existing digital services during the 10 weeks since the COVID-19 pandemic began, in fact, and many more changed the way they operated to reduce costs and mitigate the cashflow crunch following the outbreak.

Maine 182

Maine Data Innovation United States 182

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. That’s up from 9.6

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

FEBRUARY 11, 2020

retailers are concerned about a supply chain problem. While no direct evidence has been presented for a supply chain interruption from China, a new Wells Fargo report says concerns are rising among retailers. companies with operations in Shanghai on Feb. Every retailer has what’s known as an ‘All Hazard Plan.’

Retail 188

Retail Apple Operations Report 188

PYMNTS

JUNE 22, 2020

They’ll also need operational and technical advice across a wide spectrum of subjects. “It is going to cost somewhere between $700 billion and $900 billion to give small businesses the funds they are going to need in order to rebuild and restart and revive the economy,” she said. It Takes A Village To Save Small Businesses.

Maine 246

Maine Lending Community Fintech 246

PYMNTS

MAY 1, 2020

Consumers’ use of their computers to work remotely and shop for retail items in fact has increased 19 percent and 31.7 Will small- to mid-sized businesses (SMBs) follow consumers’ lead and digitize their operations to meet their new demands? percent, respectively. Our research shows that 66.4

Maine 161

Maine Data United States Meeting 161

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

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. Will it be enough to save every SMB pummeled by the pandemic this year?

Maine 169

Maine Philadelphia Community Boston 169

PYMNTS

AUGUST 17, 2020

265.8M: Dillard’s operating expenses for the 13 weeks ending Aug. 90%: Share of its retail square footage that Dillard’s owns. Data: $651M: Farfetch’s digital platform gross merchandise value in Q2 (an all-time high). 560: Number of Dillard’s stores, which are located mainly in the Southeast.

Retail 161

Retail Maine America Data 161

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

JANUARY 25, 2019

In the past, typically retailers — not just travel companies — had to make a choice really between frictionless [payments] and security,” he said. That’s no longer an option with PSD2 — now, retailers need to provide both. Read more by downloading the Tracker. About The Tracker.

Operations 195

Operations Regulation Data Trends 195

PYMNTS

APRIL 5, 2019

Probably every shopper knows the thrill of the retail treasure hunt — that odd, unexpected, but perfect product discovered on a shelf; that highly desired item almost hidden in some corner, but found via serendipity or determined effort. apparel retailers — with data and lessons about its fledging effort a ways off. Long Lines.

Retail 173

Retail Technology Innovation Data 173

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. To find out more about how U.S.

Data 199

Data Retail US California 199

PYMNTS

DECEMBER 16, 2020

The mom-and-pop shops, independent proprietorships and independently owned restaurants, cafes and coffee shops that line Main Streets all over America have found themselves pushed to the brink – and are nervous about the prospect of their continued survival. But zooming in front of that result are some important nuances.

Maine 282

Maine Survey Online Retail 282

PYMNTS

NOVEMBER 19, 2018

But the same technology that enables those transactions also can bring the benefits of consumer intimacy to small and medium-sized businesses (SMBs) that are often struggling to win more market share in a retail world dominated by the likes of Amazon, Walmart and other large retailers. That might sound obvious.

Retail 177

Retail Innovation Comparison Training 177

PYMNTS

SEPTEMBER 21, 2020

In between the mad rush to close out the business year, retailers and restaurants prep for what they hope is the most wonderful time of their year for making sales. Attendees will receive “expert guidance” on navigating one of the most challenging years in retail history. In a normal year, the holiday season is an incredibly busy time.

Maine 294

Maine National Study New York 294

PYMNTS

NOVEMBER 25, 2020

When we think about holidays on Main Street, there is a certain mental image we all flash to, nurtured by decades of singing Christmas carols. Centers for Disease Control and Prevention is strongly recommending that consumers relocate their holiday shopping online , and forecasts call for physical retail to be way down this season.

Maine 309

Maine Survey Payments Resources 309

PYMNTS

JUNE 5, 2019

It’s not enough to just be a retailer these days, it seems. The retail chain reportedly has been in discussions with Triad Retail Media , the retail advertiser owned by WPP PLC, to acquire it. For Target, the the purchase of Triad would enable the retail chain to expand those ad-selling efforts.

Retail 165

Retail Video Google Branding 165

PYMNTS

APRIL 2, 2019

It’s not enough to be a retailer these days, not if a merchant intends to survive in a world of commerce dominated by the likes of Amazon and other tech-focused competitors. Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. New Efforts.

Innovation 170

Innovation Retail Examples Branding 170

PYMNTS

JUNE 12, 2020

Michael Kanter and his wife and have owned and operated Cambridge Naturals near Harvard Square since 1974.

Maine 151

Maine Groups Operations Retail 151

PYMNTS

NOVEMBER 5, 2018

Those promise to stand as two main traits of the 2018 holiday shopping season , and retailers that gain an edge and increase revenue during the all-important fourth quarter will likely have exploited such tactics during this period, at least according to new data that strives to paint a detailed picture of U.S. percent, reaching $124.1

Retail 179

Retail United States Millennials Study 179

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. The Increasingly Digital SMB .

Online 354

Online Survey Maine Study 354

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

Perficient

DECEMBER 4, 2020

Many retail or consumer goods businesses have had to switch from traditional, in-person shopping experiences to digital buying. It may seem tricky molding these two together, but shifting the focus towards understanding and serving your consumers is the main priority. Understanding Customers and the Experiences They Demand.

Customer Experience 309

Customer Experience social media Branding Retail 309

Abrigo

OCTOBER 21, 2020

Here we have summarized the main takeaways from the session. The greatest incline was represented in both the lodging and retail sectors , with lodging increasing to nearly 20% of the universe in grace period, and retail going up to just above 10%. Retail inched up to the 1.5% billion covering about 800 loans.

Marketing 312

Marketing Lending Risk Management Retail 312

PYMNTS

SEPTEMBER 21, 2020

By the numbers, Main Street merchants are feeling a little bit better these days than they were six months ago when the pandemic began, according to the latest PYMNTS Main Street business survey. First, many Main Street businesses that reported improved finances since March were already financially stable to begin with.

Maine 278

Maine Survey Report Course 278

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

JUNE 22, 2020

The company’s second product addresses the main concern with cashierless technology, which is shrinkage. In addition, wide-angle cameras from the cart map the store in real time and collect powerful insights to help stores boost sales and streamline operations. Shopic’s technology has gotten more attention during the pandemic.

Retail 212

Retail Mobile Technology Maine 212

PYMNTS

JANUARY 23, 2020

And retail and commerce-related payments are certainly a big part of that trend. It’s not just the direct selling of products to consumers that matters when it comes to cross-border retail. Several retail and retail-related trends are at play with this funding announcement. Importance of Logistics and Payments.

Retail 151

Retail social media Branding Trends 151

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

Bank Innovation

MAY 31, 2017

Well think of it like this: Traditional banks are built to service three main client cohorts; 1) Large Corporates, 2) High net worth individuals and 3) homogenous retail. The second expectation is that these platforms will sell data to companies through premium APIs to help generate improved operational efficiency.

Capital 316

Capital Lending Data Operations 316

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. More than 30 percent of SMBs have temporarily closed, and 4.2

Maine 142

Maine Survey Report United States 142

PYMNTS

OCTOBER 30, 2020

Onfleet data shows that, as measured from the end of February through the end of August, it saw volume gains in nearly every segment supported on its routing and dispatch platform, from retail and commerce (up 137 percent) to cannabis (up 76 percent) to pharmacy (up 36 percent). That translates into supply constraints, said Naim.

Software 236

Software Retail Operations Trends 236

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

PYMNTS

AUGUST 11, 2020

And as reported in the Financial Times , banks that are relatively more dependent on lending activities to keep operations afloat are facing challenges that have not been seen since the financial crisis and recession of more than a decade ago. Cash crunches, of course, make carrying debt all the more burdensome.

United States 217

United States Survey Maine Course 217