Different channels need different fraud controlsEven without taking over someone’s accounts, fraudsters armed with stolen credit card data can wreak havoc through mobile payment channels. That’s because many merchants use the same fraud controls for mobile orders and desktop orders, even though the processes require different approaches.Mobile checkout is often...
Savings Rate Sets Record At 33 Percent In April
The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Bureau of Economic Analysis (BEA) announced Friday (May 29). “There is a tremendous uncertainty and virus fear that is lingering and that is restraining people’s desire to go out and spend as...
Ad Platform Gives SMBs A Shot At Media Revenue
Self-service retail tools have gained momentum over the last week, as SMBs look to make the digital shift a consistent part of their business. Facebook, Instagram and Shopify’s social selling tools have been met with a positive reception, and now the advertising platform Criteo is giving SMBs access to consumer...
Nordstrom Plays The eCommerce Card
The digital shift has come to Nordstrom, and not a moment too soon. The department store chain earned a respectable first quarter as announced Thursday (May 28) through a mix of shrewd inventory management, financial reorganization and eCommerce strength. While pointing out that it ended calendar 2019 in solid condition,...
Costco Same-Store Sales Rise 4.8 Pct Amid Pandemic
As shoppers stocked up on products in bulk amid the pandemic, Costco’s same-store sales increased 4.8 percent for the period concluding on May 10. The warehouse club’s online shopping sales, however, surged 64.5 percent compared to the same timeframe a year earlier, CNBC reported. Costco has almost 800 retail locations throughout...
JDE Peet’s Notches $2.6B In IPO
After it notched €2.25 billion ($2.6 billion) in one the largest initial public offerings (IPOs) in Europe as of 2018, JDE Peet’s stock surged over 12 percent in its inaugural trading day. The listing serves as one of the largest IPOs after the COVID-19 health crisis impacted international economies and...
JDE Peet’s Notches €2.25B In IPO
After it notched €2.25 billion in one the largest initial public offerings (IPOs) in Europe as of 2018, JDE Peet’s stock surged over 12 percent in its inaugural trading day. The listing serves as one of the largest IPOs after the COVID-19 health crisis impacted international economies and put a...
SMBs And Customers Wrestle With The COVID (But Not Covert) Surcharge
To help save at least some top line, to perhaps even help margins a bit — enter the COVID-19 surcharge. Businesses across a variety of verticals have, in isolated cases, started charging end users to help defray the costs of cleaning, disinfecting and other processes tied to battling the pandemic. In...
Fraud Decisioning Goes Omnichannel
“Banking is rapidly becoming more omnichannel, and FIs need to be sure they can safeguard customers across all the products through which they access their financial services,� according to the May 2020 FI Fraud Decisioning Playbook, produced by PYMNTS and sponsored by Simility. Consumers now demand choice, flexibility and convenience...
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Late B2B payments continue to plague suppliers large and small throughout the supply chain, but it’s not just companies that are struggling to get paid on time. In the craft labor arena, contractors, too, face the threat of late and delayed payments. Yet while much of the late payments discussion...