Payments Trends

Payments Trends

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29 US banks join Google Pay

Digital wallet Google Pay announced 29 US banks and credit unions will join its mobile payments network this month. These financial institutions join a growing list of international banks on board with the growing payments platform. Norwegian Danske Bank also added Google Pay for its ...
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merchandise returns cost retailers $351 billion
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What’s the real cost of merchandise returns?

Retailers are not only bracing for the busy holiday shopping season, they’re also getting ready to handle the massive merchandise returns by shoppers online and in-store. In fact, with the rise of e-commerce, product returns are a way of life year-round for online retailers. B-Stock ...
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Payments NEXT global payments news
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Dec 7 Global payments news roundup

Lots of new developments, more holiday shopping news and results, and innovations to keep you ahead of the payments pack in this week’s global payments news roundup. NFIB reports Small Business Saturday sales were strong November 24 was a pretty good day for US Small ...
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Walmart Dotcom Store raises the online shopping bar for competitors

Walmart keeps finding new ways to challenge Amazon’s dominance of online shopping. The company announced a new in-store app that gives Walmart store associates and in-store customers access to the entire Walmart.com inventory. Order, Pay, Pickup or Delivery Is your nearby Walmart store sold out ...
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Consumers looking for a cyber-secure holiday shopping season

New research from the University of Phoenix shows consumers have heightened concern for their online security during the busy holiday shopping season. The recent data breach of 500 million Marriott Hotel customer accounts adds to the anxiety level of consumers about their online identity and ...
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cash payments falling
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Many merchants prefer your debit and credit cards over cash payments

During this holiday season, busy shoppers may find that some merchants prefer payments with debit or credit cards instead of cash payments. USA Today reports some of the companies going cashless include clothing retailers such as Bonobos, Indochino, Everlane and Reformation; Amazon bookstores; Casper Mattress; Drybar ...
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Cyber Monday $7.9 billion sales record
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Cyber Monday sales set new record of $7.9 billion

Cyber Monday sales numbers are in and it’s a $7.9 billion online sales record. According to Adobe Analytics, Cyber Monday sales grew 19.3% from last year. Black Friday recorded a record $6.2 billion in sales and Thanksgiving Day sales reached $3.7 billion. Consumers are confident ...
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Deloitte 2018 pre-Thanksgiving shopping survey
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Consumers plan to spend more in-store and online Thanksgiving shopping

Hey big spenders and sellers, we’ve got a Thanksgiving shopping research special report for you. Consumers are getting ready to open their purses and wallets for the holiday shopping season, according to the National Retail Federation (NRF) and Prosper Insights & Analytics. 43% of young ...
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IoT payments a novelty now but will reach $410 billion by 2023

Internet of Things (IoT) payments will total an estimated $24.5 billion in 2018 but Juniper Research predicts the IoT payments market will grow at an impressive average of 75% per annum over the next 5 years, reaching $410 billion by 2023. A large portion of ...
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Payments NEXT newsletter
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Nov 10 Payments NEXT Global Payments Newsletter

Welcome to this week’s Payments NEXT newsletter with lots of pre-Black Friday and holiday sales data and predictions, including a 14% increase in spending this year and online sales expected to reach $124 billion. We’ve got a look at how Sears missed the e-commerce and ...
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