Consumers' favorite runway looks are often just a click away, but not when buyers shop cross border. In this month’s Cross-Border Retail Payments Tracker, Greg Spillane, CEO of fashion eTailer Fancy, explains how localized payments and advanced fraud detection capabilities attract and convert luxury fashion’s...
The pandemic has markedly accelerated the move to online shopping, with a PYMNTS report indicating that 47 percent of U.S. consumers living in urban areas have shifted to digital rather than brick-and-mortar retail shopping. It also identified a sharp uptick in the number of consumers...
From QR codes to contactless cards, consumers want access to fast and seamless payment experiences. Merchants, however, can be left waiting days for funds to settle from these different payment channels. In the latest Anatomy Of A Consumer Payment Playbook, DJ Seeterlin, chief information officer...
Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. We called it “business as usual,” and it worked remarkably well, with some notable modifications, for the past...
Not all that long ago, eCommerce was more notion than reality. Buying something online still required interaction with the brick-and-mortar world, with cash, and even delivery methods that — at least by 2019 standards — may seem a bit archaic. Consider the fact that buying...
To provide streamlined walk-in bill payment services, PaymentVision is teaming up with MoneyGram. PaymentVision provides merchant processing and offers electronic payment processing technology for a variety of verticals, the company said in an announcement. PaymentVision Vice President of Marketing Eugene O’Rourke said the new partnership...
The Federal Trade Commission (FTC) announced Friday that enforcement actions over the past year have returned $6.4 billion to consumers. In a press release, the FTC said that of the $6.4 billion consumers received in refunds, $391 million was sent directly to 6.28 million consumers....
The Federal Reserve announced today that it is reviewing 19 proposals from two task forces from the national payment industry with the goal of introducing a faster payments system in the U.S. A two-part report on the work and suggestions of the task forces will...
Shazam, a four-decade old financial services company, released a new feature yesterday (Feb. 5) to its Shazam Bolts app that gives debit card users access to person-to-person money transfers, as well as a GPS function that enables U.S. cardholders to find fee-free ATMs. Already established as a...