PYMNTS

DECEMBER 18, 2020

Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.

Report 333

Report Fraud Strategy Retail 333

Payments Dive

JANUARY 31, 2020

Visa reported strong earnings during the fiscal first quarter, fueled by solid e-commerce and retail spending that offset weaker travel and restaurant spending.

Retail 300

Retail Report 300

PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The latest research shows 40 percent of surveyed shoppers report doing fewer activities in stores and more activities online — this is up from the 12 percent who reported doing so on March 6.

Retail 295

Retail Branding Minneapolis Trends 295

Payments Dive

MARCH 10, 2023

retail sales climbed about 7% in February over last year, alongside increases in restaurant and travel spending, Mastercard said in a report.

Retail 259

Retail Report 259

PYMNTS

SEPTEMBER 29, 2020

Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. That will have the effect of speeding up bankruptcies going into the end of the year, the report stated. That means the year is on pace to rival the 2010 numbers during the Great Recession.

Retail 268

Retail Report Groups Industry 268

PYMNTS

NOVEMBER 22, 2020

Despite a recent surge in coronavirus cases, retailers are fighting for a rework and loosening of shopping restrictions before Black Friday and the holiday season. Retailers that sell essential items alongside their other products have been labelled “essential,” giving them an unfair advantage over other stores, some allege.

Retail 270

Retail Online Meeting Report 270

PYMNTS

AUGUST 21, 2020

Engaging customers in socially responsible causes can help retailers build trust and develop lasting relationships that translate into many return visits. Some retailers are engaging consumers by allowing them to use their BNPL accounts to donate directly to nonprofits they choose. Around The Buy Now, Pay Later World.

Report 294

Report Payments Retail Community 294

PYMNTS

JANUARY 24, 2021

Bloomberg reported. billion, Bloomberg reported, citing an unnamed source. Conditions could become modified or discussions might not lead to a deal since an arrangement is not set in stone, Bloomberg reported. FTAC raised approximately $755 million in an initial public offering (IPO) in August.

Report 314

Report America Google National 314

PYMNTS

JANUARY 8, 2021

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. And 11 areas saw an increase in available retail space on the market, from 6 percent up to 67 percent.

Retail 249

Retail New York City New York Report 249

PYMNTS

JULY 14, 2020

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. Not only will those customers give the grocers some personal information in doing so, but they’ll presumably revisit the retailer in the future to spend their unused change.

Retail 290

Retail US Cards United States 290

PYMNTS

NOVEMBER 25, 2020

Bloomberg News reported that merchant chat rooms are abuzz with talk of delayed shipments, with more than a half-dozen sellers and consultants confirming such issues to the news service. The past couple of years, consumers grew accustomed to ordering products as late as Dec. 20 and having them delivered before Christmas.

Report 265

Report Retail Policies System 265

PYMNTS

JANUARY 15, 2021

Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount.

Technology 275

Technology Innovation Retail Payments 275

PYMNTS

DECEMBER 28, 2020

Discount supermarket retailer Save A Lot unveiled the sale of 51 retail locations run by the company in the Tampa, Florida market to existing Save A Lot Retail Partner licensee Fresh Encounter. The latter company will keep running the retail locations with the Save A Lot name, according to a Monday (Dec.

Retail 265

Retail Tampa Florida Community 265

PYMNTS

AUGUST 31, 2020

There’s a storm brewing in the Indian retail scene, with Amazon at its center. Over the weekend, Reliance Industries – the company owned by India’s richest man, Mukesh Ambani – purchased Future Group ’s 2,000 retail stores and the Big Bazaar grocery chain. billion consumers. “At

Retail 263

Retail Online Groups Industry 263

Payments Dive

OCTOBER 27, 2022

Shoppers aim to stretch their budgets by trying installment payment plans and seeking discounts from retailers, according to a new report.

Report 243

Report Payments Retail 243

PYMNTS

NOVEMBER 5, 2020

This in a week that has seen news reports that the world’s largest retailer has terminated its contract — and a 3-year-old automated shelf-stocking experiment — with San Francisco’s Bossa Nova Robotics , having found that existing “human” employees were able to do the same work just as well. Not Just Walmart.

Retail 272

Retail Trends Technology Operations 272

PYMNTS

DECEMBER 27, 2020

The second trial of digital yuan by the People's Bank of China has concluded, resulting in hundreds of thousands spent on eCommerce retail, food delivery and ride-sharing, The Wall Street Journal (WSJ) reports. The trial began earlier in the month as authorities handed out 20 million digital yuan, or $3.1

Retail 311

Retail Payments Fintech Online 311

PYMNTS

DECEMBER 28, 2020

But in doing so, it will now face more scrutiny from regulators, Bloomberg reported. at online trading platform eToro , said in the report there are "storm clouds" on the horizon for the form of currency. Regulation will be more of an issue for crypto companies the bigger and more ubiquitous they become, Bloomberg reported.

Regulation 250

Regulation Report Bitcoin cryptocurrency 250

Accenture

OCTOBER 4, 2021

Credit Product Penetration of Retail Sales Shopping experience refresh “We are excited to pilot a virtual store staffed by dedicated associates … but with no physical customers. The post Q2 2021 US retailer payments commentary appeared first on Accenture Banking Blog.

Retail 222

Retail US Payments Marketing 222

PYMNTS

NOVEMBER 9, 2020

Now there are signals that a physical retail rebound is forming up. presidential election in the rearview mirror and 2021 right around the corner, a new shift is underway: the slow but certain move back to shopping inside retail stores — an experience that people still crave for the experiential joy it brings. With the U.S.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

DECEMBER 20, 2020

The deal was reportedly in "advanced talks," WSJ reported, and the companies were planning to announce a deal this week. FIS struck a $35 billion deal to buy Worldpay early in 2019, while Global Payments bought Total Systems Services, or TSYS, months after that, WSJ reported. FIS' revenues increased 13 percent to $3.19

Report 261

Report Payments National Trends 261

PYMNTS

NOVEMBER 25, 2020

Peer-to-peer (P2P) payment apps have become particularly appealing to consumers during the COVID-19 pandemic, with P2P app Zelle reporting rises in the number of transactions and transactions’ values in recent months. PYMNTS’ data revealed that many consumers are now seeking real-time access to their funds, with 35.2 About The Tracker.

Report 260

Report Trends Payments United States 260

South State Correspondent

JANUARY 18, 2023

Retail Sales & PPI Reveal Softening Activity. The first of those is retail sales for December which declined by 1.1%. decrease vs. the previously reported 0.6% The so-called core retail sales rate, or Control Group, dipped 0.7% In addition, November was revised lower to a 1.0% – – – 4.81.

Retail 195

Retail Atlanta Trends Report 195

PYMNTS

OCTOBER 28, 2020

This state of affairs is forcing not only retailers but also their own business partners to reassess the digital capabilities they quickly adopted in spring, with many beginning to question the implications of these capabilities on their long-term sustainability and growth potential. About The Playbook.

Payments 257

Payments Report Operations United States 257

Payments Dive

AUGUST 16, 2023

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

Retail 370

Retail Cards Report 370

South State Correspondent

SEPTEMBER 2, 2022

Goldilocks Appears in August Jobs Report. The largest gains came in healthcare, professional and business services, and retail trade. This report could be characterized as a Goldilocks report, not too hot, not too cold. Nonfarm payrolls increased 315 thousand while the unemployment rate rose two-tenths to 3.7%.

Report 195

Report Marketing Survey Retail 195

Payments Dive

SEPTEMBER 13, 2023

Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.

Retail 243

Retail Fraud Cards Report 243

Perficient

DECEMBER 30, 2020

The American Customer Satisfaction Index’s recent COVID-19 special retail study showed satisfaction declines across 75% of the retail companies. But the ASCI study showed a decline of almost 5% in customer sat for internet retailers versus just a 1.3% decline for Department & Discount stores.

Online 421

Online Study Branding Customer Experience 421

PYMNTS

NOVEMBER 24, 2020

Retailers, in particular, are wary of adopting 2FA because of the frictions the method can present, and their fears are not without merit. One recent survey found that roughly 50 percent of consumers abandoned onboarding attempts that they described as cumbersome or untrustworthy over the past 12 months, for example.

Online 272

Online Report Customer Experience Analytics 272

Bank Innovation

FEBRUARY 19, 2020

In Silicon Valley, entrepreneurs and venture capitalists are making big bets that the future of banking is digital, doesn’t have fees, offers a high savings rate—and might not technically be a bank at all.

Report 312

Report Financial Technology Cards Technology 312

PYMNTS

AUGUST 17, 2020

The Commerce Department released July’s retail sales last week, showing an increase in seasonally adjusted retail spending – up 1.2 Analysts reported that physical retail sales, seasonally adjusted, were up 2.7 And what we also see is only one part of the retail sales story. percent growth in June.

Retail 335

Retail Branding Online Report 335

Payments Dive

OCTOBER 7, 2022

As spending shifts back to stores, retailers are side-stepping big-name buy now-pay later providers, such as Affirm and Afterpay, in favor of offering their own in-store options, a recent survey revealed.

Report 195

Report Survey Retail 195

PYMNTS

JANUARY 11, 2021

Amazon and Walmart are among the big retailers trying out a new way of handling refunds, according to a report from The Wall Street Journal (WSJ). The number of eCommerce packages returned soared 70 percent compared to 2019, and because of the pandemic, many customers didn't want to take the items to physical stores, WSJ reported.

Retail 281

Retail Survey Report Online 281

PYMNTS

MAY 19, 2020

Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney , Fox Business reported, citing Women’s Wear Daily (WWD). JCPenney officially filed for bankruptcy late Friday (May 15), ending speculation as to the beleaguered former retail titan’s financial status. Now, Amazon could be moving in.

Texas 275

Texas Retail New York Security 275

PYMNTS

DECEMBER 28, 2020

The pandemic hit Bangladeshi clothing suppliers and the country's overall economy hard when British fashion retailers had to shut down, a report from The Times said. The garment sector is the largest part of the country's economy, representing over 95 percent of it, the report stated. The total canceled globally came out to $3.7

Comparison 271

Comparison Retail Report Branding 271

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

JANUARY 8, 2021

Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price. Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price.

Massachusetts 363

Massachusetts Fintech Millennials Retail 363