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Getting real about real-time payments in the United States

Accenture

The global real-time payments market is projected to reach about $26 billion by 2023. ². Instant payments are also top-of-mind as customer experience becomes the currency of competitiveness in retail and commercial payments. The United States is an instant payments laggard compared to the rest of the world. It is a hydra.

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RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

Retailers are dutifully speaking with their payment service providers (PSPs) and industry partners to adhere to these shifts, but they must also keep their customers’ experiences in mind. retailer trade group, Retail Industry Leaders Association ( RILA ), told PYMNTS in a recent interview. Retailers And Data’s Role .

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Upscale UK Retailers Look To Land In US Market

PYMNTS

s most high-profile retailers is doing well in the U.S. and another one is ready to open, both of them seeking a new market as their home turf sees retail struggles. s fastest growing brick-and-mortar retailer, Wren Kitchens. And also in training our retail staff to offer the customer a fantastic service.”.

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Retailers Brace For Muted Back-to-School Spending

PYMNTS

The increasingly likely scenario that many students in the United States, Europe and the United Kingdom will be resuming school at their kitchen tables has retailers that usually cash in every late summer biting their financial nails. Deloitte predicted roughly flat year-over-year U.S. back-to-school spending of $28.1

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Retail POS Market to Reach $45B in The Next Seven Years

PYMNTS

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. To help combat these efforts and meet consumers preferred payment method demands, the retail POS terminal market will need to grow to bring down harmful actions.

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Ascena Retail Group Considers Bankruptcy Filing

PYMNTS

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

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FTC Officials Look Into Amazon’s Use Of Market Power

PYMNTS

To find out if Amazon is utilizing its market power to hurt competition, a Federal Trade Commission (FTC) team of investigators has started to interview small businesses that sell items on Amazon. 11), citing unnamed merchants. They’re spending lots of time with witnesses and trying to really understand what they’re saying.”.

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