Payments News

On The Web

nbsp; nbsp; nbsp;

Use

Study: Mobile Empowers Retailers To Catch Shoppers At The Point Of Intent

“Retailers clearly understand shoppers’ interest in more targeted promotions: 77% of executives believe that customers expect them to anticipate their needs by analyzing loyalty, purchase history and brand interaction data. Cutting-edge retailers are leveraging AI to create systems that continuously learn from every visit, ensuring that the shopper is given the most relevant experience possible from the moment they load […]
nbsp;

Use

Banks seek to adapt to mobile-first customers

“But that expectation is not limited to just one demographic as consumers of all ages expect simplicity and speed from mobile apps and devices. That said, what can financial institutions do to keep pace? USAA often is at the forefront of digital experiences because its unique place in the industry forces it to do so. The bank’s […]
nbsp;

Use

Over a third of all Black Friday web sales were made on smartphones

“More than $2 billion of Black Friday sales were done on smartphones this year — blowing past a $1.4 billion record set by last year’s Cyber Monday shoppers, according to an Adobe Analytics report. Purchases made on mobile devices now account for just over one-third of Black Friday’s $6.2 billion in online sales — versus 29.1 […]
nbsp;

Use

Mobile Shopping Is Stalling. Can Your Retail Business Buck the Trend?

“Research group Forrester attributes just 2.5% of total US retail sales to smartphone transactions. 4 It found that while 21% of US adults with a mobile phone purchased physical goods weekly via mobile in 2016, just 16% did so in 2017. 5  Indeed, when using their mobile phones to shop, consumers frequently abandon their carts without making a purchase. […]
nbsp;

Use

Restaurants’ Own Apps Command Most Digital Orders, Research Indicates

“Discounts and other loyalty deals help explain the greater popularity of proprietary programs for restaurants, along with a desire among users to customize and streamline orders, NPD says.  Despite this lopsided result, third-party apps account for 40%, or “more than their fair share,” of the top 20 apps ranked by usage, whether third party or restaurant-branded, indicates […]
nbsp;

Use

Chat app Line’s mobile payment service is getting its own Visa card

“Brown, Cony and the gang are coming to a credit card near you in Japan. Line, the messaging app company behind the cute sticker characters, announced today that it is bringing its payment service to plastic through a tie-in with Visa. Line is Japan’s largest chat app with an estimated 50 million registered users. The cards will be released later […]
nbsp;

On The Wires

nbsp;

Use

Sam’s Club Files Patent for Next-Level Scan & Go Test

“Since launching our Scan & Go two years ago, we’ve seen its popularity continue to increase. With the upcoming test, we’ll enhance the experience with the launch of a technology using computer vision and machine learning. Rather than having to locate the barcode and scan it just right, the camera in the app will identify […]