Digital Approaches To Retail And Faster Payments

By  |  April 23, 2021
 | 
Fetch Rewards

Better-than-expected digital sales and fewer discounts helped set the stage for record quarterly results for rural lifestyle retailer Tractor Supply Company. In retail, Fetch Rewards is flipping the script on customer loyalty. And in faster payments, the pandemic has sped up the growth of real-time payments (RTP), with companies, banks and individuals looking for methods to send and receive funds as quickly and simply as possible. All this, Today in Data.

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    Data:

    $210M: Minimum amount that Fetch Rewards raised in a Series D funding round.

    57%: Share of U.S. demand deposit accounts that are now connected to the RTP network.

    35%: Portion of U.S. consumers who consider receiving real-time payments to be “extremely” important.

    $2.8B: The Tractor Supply Company’s sales for the three months ending March 27.

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    1.9K: Approximate number of Tractor Supply stores in operation as of March 27.


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