PYMNTS

FEBRUARY 5, 2020

The traditional holiday shopping season , which lasts from Black Friday onward, still accounts for roughly a quarter of annual sales for retailers in general, and for certain verticals, such as jewelers, a much bigger chunk of the annual top line. Redefining Peak Season. percent versus 1.4 Looking at Points of Failure.

eCommerce 67

eCommerce Retail Manufacturing Sales 67

PYMNTS

SEPTEMBER 18, 2020

But getting funds settled more quickly into their accounts can make all the difference in giving them the cash cushions they need to expand, weather economic shocks and even get their suppliers paid in a timely manner. The settlement wait can be several days in length, with even longer lag times over a holiday weekend.

Sales 141

Sales Prioritization eCommerce Invoicing 141

PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. In fact, the 75 largest online retail marketplaces in the world were responsible for nearly half of all global eCommerce sales in 2017. that would surpass any thresholds for being exempted from economic nexus taxes.

Sales 51

Sales eCommerce Compliance Economics 51

PYMNTS

NOVEMBER 16, 2020

Plus, Mastercard announced a new Account-to-Account service to its Track Business Payment Service. US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. Mastercard Boosts Business Payments With Account-To-Account. unit for $11.6 PNC Advances $11.6B

Forecasting 57

Forecasting Economics Education Accounting 57

PYMNTS

JUNE 11, 2020

The pandemic-driven digital shift means that eCommerce buyers will need some help assembling their purchases. has catered to the eCommerce boom similarly to how TaskRabbit helps consumers assemble furniture and other home goods. Now, Banhidy and his team have generated demand from top auto manufacturers and retailers, leading to a $4.5

eCommerce 56

eCommerce Manufacturing Education Retail 56

PYMNTS

OCTOBER 4, 2019

Through the partnership, PFS members can have access to their own custom eCommerce sites, complete with full-fledged payment capabilities. For PFS members who don’t have the time or money required to create an eCommerce website, First American has stepped in to simplify the process and make it economically feasible.

eCommerce 49

eCommerce Economics Securities Sales 49

PYMNTS

AUGUST 19, 2020

In an interview with Karen Webster, Brian Bogosian , CEO at sticky.io , an integrated eCommerce subscription management and recurring billing platform, said that Apple’s continued push into subscriptions is only one example of the allure of subscription eCommerce, and where it is headed.

eCommerce 115

eCommerce Sales Economics Numbers 115

PYMNTS

NOVEMBER 18, 2020

The economic downturn caused by the COVID-19 pandemic has made it even more important that firms deliver payroll quickly, as employees are facing greater financial strains that may make them more eager for prompt salary disbursements. Around The World Of Smarter Payments. Deep Dive: How Prepaid Cards Ease Employees' Payroll Pains.

Accounts Payable 88

Accounts Payable eCommerce Leverage Retail 88

PYMNTS

JUNE 24, 2020

While eCommerce and card not present transactions may have their conveniences, they are also breeding grounds for fraud. percent of its millions of sellers had reserves in place on their accounts. The would-be traveler who finds a trip suddenly canceled may demand a refund.

Accounting 101

Accounting eCommerce Economics 101

PYMNTS

JUNE 10, 2020

News emerged Wednesday (June 10) that the unit isn’t taking any more applications for savings accounts because demand has been so high that the volume is pushing against U.K. However, British consumers can still open Marcus one-year fixed-rate accounts. Well, Goldman recently cut the rate on its high-yield savings accounts to about 1.3

Accounting 52

Accounting Benchmarking Compliance Banking 52

PYMNTS

MARCH 4, 2019

Pharmacies and the delivery of prescription medication are both undergoing significant change, and much of the credit for that can be directly or indirectly attributed to the rise of eCommerce and digital payments. The latest development? The deployment in South Africa of what some observers are calling ATMs for medicine.

Healthcare 93

Healthcare eCommerce Startups Accounting 93

PYMNTS

APRIL 29, 2020

Crafting streamlined eCommerce checkouts for international customers requires merchants to tailor their payments experiences to the needs and preferences of each market. The report also dives into the need for localized eCommerce payments and how platforms can ease digital merchants’ cross-border sales.

Sales 77

Sales eCommerce Risk Analysis Currencies 77

PYMNTS

OCTOBER 24, 2019

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. The dispute continues over exactly what kinds of companies and activities qualify for new eCommerce sales taxes. The 2018 South Dakota v.

eCommerce 40

eCommerce Sales Economics Retail 40

PYMNTS

APRIL 23, 2019

However, Tsai’s work with Affirm — including via eCommerce and crowdfunding platform Celery — taught him the power of offering credit and other features at the POS, and how to turn that into “an amazing eCommerce conversion tool for online sellers.” B2B, in some respects, is the stubborn mule of the digital economy. trillion by 2020.

B2B 91

B2B eCommerce B2C Finance 91

PYMNTS

JULY 27, 2020

The pandemic-related economic downturn is making consumers wary of payment methods that can worsen their debts. however, as 30 percent of the nation’s consumers have such accounts. Consumers will continue to monitor their spending and adjust their purchasing behaviors as they confront the worldwide economic slump.

eCommerce 58

eCommerce Retail Economics Sales 58

PYMNTS

JUNE 18, 2020

Consumers want to invest in high-end items and home improvement projects to enhance their surroundings even amid economic concerns. 85%: Proportion of retail sales that stores accounted for as of 2019. This desire has led to increasing interest in buy now, pay later (BNPL) options for shoppers and merchants. All this, Today in Data.

Retail 52

Retail eCommerce Economics Sales 52

PYMNTS

OCTOBER 28, 2020

Online retailers should get ready to ring up record eCommerce sales this holiday season. The $189 billion in online sales we’re expecting would account for two years’ worth of growth in e-commerce this holiday season,” Copeland added. economic woes. Bureau of Economic Analysis showed that personal income fell 2.7

Sales 77

Sales Budgeting Economics Retail 77

Global Finance

OCTOBER 16, 2024

Asia is the engine room of world economic momentum: it will account for 60% of global growth in 2024, according to the IMF, and has 60% of the world’s population. A modern financial institution (FI) faces a challenging environment but a beguiling opportunity in Asia. But it is also challenging to navigate.

Currencies 105

Currencies Economics Leadership Banking 105

PYMNTS

AUGUST 12, 2020

All told, cash accounts for 75 percent of all retail transactions within Germany, even taking into account, as the German Association of Money and Bond Services estimated, that a third of all card payments have been done through contactless means in the wake of the coronavirus.

Startups 88

Startups eCommerce Forecasting Banking 88

PYMNTS

OCTOBER 14, 2020

Merchants online and off are maximizing the debit wave with often creative strategies that take into account how the consumer mindset had profoundly shifted since the start of 2020. The Resilience Factor. Consumers have clung to debit even as the rest of their shopping behaviors have changed. Touchless Debit, Meet Cybercrooks.

eCommerce 73

eCommerce Accounting Economics Numbers 73

PYMNTS

MARCH 10, 2020

Fifth Third Bank Sued By CFPB Over Fake Accounts. The Consumer Financial Protection Bureau (CFPB) filed a suit against Cincinnati-based Fifth Third Bancorp alleging that employees opened accounts for clients without their permission in an effort to reach sales targets. Bringing eCommerce – And The Shopping Cart Model – To Healthcare.

Retail 79

Retail Marketing Healthcare eCommerce 79

PYMNTS

FEBRUARY 28, 2020

million internet users in Latin America, at 69 percent of the total population, and where digitization of the population expands the potential for threats, especially as retail eCommerce has topped $50 billion. “As Each time a trade is made, it further distances that original payment from its source account.”.

Advertising 86

Advertising Accounting Banking eCommerce 86

PYMNTS

NOVEMBER 29, 2019

States have been defining their parameters for economic nexuses. Since last year, several more states have embraced economic nexus legislation – including large, consumer-dense states like California and New York. In an interview with PYMNTS, Scott Peterson, vice president of U.S.

eCommerce 53

eCommerce Auditing Sales Education 53

PYMNTS

DECEMBER 12, 2016

By then, Chinese millennials could account for about 53 percent of total consumption spending. Of that growth, an estimated 42 percent will from eCommerce spending and 90 percent of that from mobile commerce, which itself is largely being driven by millennial consumers. They’re not prepared for an economic downturn,” Yao said.

Economics 65

Economics Education eCommerce Accounting 65

PYMNTS

APRIL 10, 2020

With staff shortages caused by the pandemic, however, the eCommerce firm is pausing the offering. COVID-19 Stimulus Money Could Show Up In Consumer Bank Accounts Today. The accounts payable (AP) process, to a large extent, remains stuck in a predigital time and is governed by checks as well as paper-based invoices.

Healthcare 86

Healthcare Accounts Payable Invoicing eCommerce 86

PYMNTS

NOVEMBER 19, 2020

That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. Plus, blockchain makes new inroads in the B2B arena. Canada Taps Vocalink for Real-Time Rail.

B2B 104

B2B Reconciliations Risk Management Accounting 104

PYMNTS

JULY 25, 2019

Ives said, “Economic stratification and emerging payments trends around the globe mean businesses must strive for flexibility rather than totally reinvent their processes. Progress in the payments space isn’t just about what is possible … it’s determined, at least in part, by economic realities.”. FDIC) estimated that 6.5 Another 18.7

Economics 75

Economics eCommerce Invoicing Banking 75

PYMNTS

DECEMBER 12, 2016

In China, however, the two big ones — JD.com and Alibaba — have found ways to gain focused insight into shoppers’ spending habits, which in turn help retailers make eCommerce decisions. The two eCommerce giants track sales across China that can spill to over $17 billion in just one day.

Concentration 65

Concentration eCommerce Sales Retail 65

PYMNTS

APRIL 9, 2020

The sizable B2B commerce economic sector is going digital, and more than 13 percent of the U.S.’s This month’s Deep Dive explores how APIs can underpin B2B eCommerce and facilitate the processes that are critical to modern business procurement. eCommerce Sites and Client Portals. Direct System-To-System Integrations.

B2B 66

B2B Invoicing Accounts Payable eCommerce 66

PYMNTS

OCTOBER 1, 2020

Many retailers are taking note of the positive track record that BNPL accounts have with millennials and Gen Z, including Vancouver, British Columbia-based OAK + FORT , an accessible luxury clothing and accessories retailer. The business launched an eCommerce website serving worldwide in 2010, he explained in an interview with PYMNTS.

eCommerce 84

eCommerce Retail Planning Leverage 84

PYMNTS

MAY 19, 2020

Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather than paper checks this week. Retailers must offer payment choices to drive sales, although offering too many options can quickly turn customers frosty.

Mergers and Acquisitions (M&A) 84

Mergers and Acquisitions (M&A) Treasury Retail eCommerce 84

PYMNTS

DECEMBER 28, 2020

Corporates want to delay payment as long as possible in order to better manage cash flow, while suppliers are pressed to accelerate accounts receivable to strengthen their own cash positions. As B2B eCommerce gains traction, the opportunity for consumer-like payment models will continue to grow, too.

B2B 81

B2B Invoicing B2C Reconciliations 81

PYMNTS

OCTOBER 27, 2020

27) that it rode strong new-account performance for double-digit percentage gains in revenues. Several factors drove the Q3 performance improvements, including some big account wins to follow up on a recent announcement that Fiserv has signed Alliance Data. Fiserv said Q3 revenue increased 21 percent quarter over quarter to $3.79

eCommerce 67

eCommerce Economics Accounting Securities 67

PYMNTS

OCTOBER 12, 2016

Wall Street appears to be loving Walmart’s new strategy to slow down its store openings and place an emphasis on its eCommerce business. By our account, WalMart and Amazon are neck-and-neck with penetration in American households… It’s a battle to be America’s retailer because there’s a lot of competition.”. “By

eCommerce 60

eCommerce Retail Leverage Economics 60

PYMNTS

APRIL 29, 2020

That doesn’t bode well for the necessary investments in infrastructure and customer experience upgrades to compete with Amazon and other established brands that are laser-focused on eCommerce as their main (and sometimes only) point of sales. Ultimately, eCommerce lives on the dynamism and initiative of the private sector.

Retail 61

Retail eCommerce Numbers Investments 61

PYMNTS

OCTOBER 9, 2020

The reverberating economic uncertainty and drastic shifts the pandemic has brought upon most industries have handed cybercriminals unique and multiplying opportunities to enact new and improved schemes. Fraudsters are possibly the only ones relishing the changes wrought by the ongoing pandemic.

Securities 83

Securities Healthcare Banking Retail 83

PYMNTS

FEBRUARY 2, 2021

As eCommerce has become more firmly entrenched in countries such as Pakistan, buying and selling goods by digital means (moving away from the cash-on-delivery model) has generated at least a “reasonable acceptance level,” according to Wain, that gets some critical mass through a few large anchor eCommerce merchants in each market.

eCommerce 94

eCommerce Numbers Compliance Currencies 94