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60% of U.S. Bank Transactions Are Digital, COO Says

Bank Innovation

Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. But that doesn’t mean the Minneapolis-based bank is giving up on branches. Financial Services Conference this week. It has around 3,000 branches and 80% of its sales activity still takes place there Read More.

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US Chamber Warns Of Virus Lawsuits In Businesses Reopening

PYMNTS

Chamber of Commerce is looking forward to a time when the country’s businesses can reopen, but the organization worries that once that happens, lawsuits could arise against businesses for exposing customers to the coronavirus , according to a letter it posted online.

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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over. More consumers are going online to shop and pay as the pandemic progresses.

Retail 295
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Kids’ Eyeglasses Get A Mobile And 3D Makeover

PYMNTS

The needs of children are a driving force for online and mobile innovation and disruption. It’s not exactly unusual these days, of course, to find multiple eyeglass options online for both adults and children – the purchase of glasses was traditionally an expensive and friction-filled process before the spread of online sales.

Mobile 153
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Target Lays Off 40 At Headquarters

PYMNTS

Target , the Minneapolis retailer, has eliminated close to 40 corporate headquarter jobs as part of a massive overhaul of operations. “As part of Target’s ongoing transformation efforts, we’ve been working over the past year to modernize our merchandising organization,” Boylan said in the report.

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Today In Data: Lost Revenue, ICO Lapses And Interchange Rates

PYMNTS

Here are the numbers: $200 billion | Value of potential revenue on which online merchants missed out because of frustrating, slow, complicated checkout procedures. 29) that it will be folded into RELX’s Risk & Business Analytics operations. 819 million | Amount for which U.K. 819 million | Amount for which U.K. In its “U.S.

Data 109
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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

As a result, the company can architect all the elements of its operation from technology to process and its people from the ground up with insight from the current day. The company is currently in markets including Nashville, Miami, Denver, Detroit and Indianapolis, and is coming soon to San Diego and Minneapolis as of a PYMNTS report in May.