While overall retail sales grew during this year’s holiday season, it was mostly online sales that delivered results with in-store sales stagnant or down in most department stores and retail outlets. Super Saturday sales, the last Saturday sales day before Christmas, reached a record $34.4 ...
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The spirits and beverage industry is being disrupted just like the payments and financial world. Craft beers have displaced Bud and Miller. Craft distilleries are doing the same with tequila, vodka, rum, and other hard spirits. And of course, boutique wineries have thrived for years ...
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There’s a costly hitch to the happy e-commerce sales estimated at $138.5 billion for 2019. CBRE Group and Optoro estimate the cost of product returns from US online customers during the busy holiday season could reach $41.6 billion. The cost of this reverse logistics problem ...
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The good news is US Black Friday weekend holiday sales grew an estimated 19.7% according to Adobe Analytics. The bad news according to LexisNexis® Risk Solutions (LNRS) is that fraudulent sales grew substantially as well, including a big jump in cyberattacks by bots and mobile ...
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Despite the high profile of big digital security failures, consumers say they trust banks most with the security and convenience of their digital identity according to new research from Mitek. Mitek found digital identity is becoming a key enabler for online banking and on-demand financial ...
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Last week, Menlo, CA headquartered fintech investment app Robinhood launched fractional share trading that allows investors to buy as little as one-millionth of a share or one dollar of any stock for no fee. It’s not the only fractional share service out there but it’s ...
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Here’s your weekly global payments news roundup, all wrapped up in one handy reading package. Juniper Research reports global remittances hit $682.6 billion in 2018 with much more on the horizon. We look closely at the growth of fake five-star reviews on Amazon and other ...
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Remittances are a multi-billion-dollar industry and the latest Juniper Research offers valuable insight into the size of the market, the biggest sending and receiving countries, and what’s on the horizon for remittances in the future as a result of digitization. In 2018, international remittances through ...
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By Steve Villegas, VP Payment Partnerships, North America at PPRO Over the last decade, we have seen an explosion in FinTech ushering a new era of commerce. Payment innovations and new solutions have closed the technology gap and have connected consumers all around the world ...
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Ten credit unions launched the Interac Debit payment system with Google Pay, allowing Canadian consumers to pay for purchases using their Android phones. Canadians have used the interact debit payment system for more than 20 years and this marks a big step forward for Google ...
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