PYMNTS

DECEMBER 24, 2020

From a strictly retail perspective, however, the digital shift produced three major trends, presented here with quotes from executives that appeared on our pages: direct-to-consumer sales, the continued decline of malls and department stores and the accelerated growth of Amazon, Target and Walmart. 2020 has been better for Amazon so far.

Economy 118

Economy Consumer On-Demand Shutdown 118

PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8 in December of last year.

Economy 56

Economy Consumer Shutdown Central Bank 56

PYMNTS

MAY 6, 2019

Morgan Stanley will send the Russian central bank a notice that it’s going to formally close of all of its banking operations in the country in the first quarter of 2020, according to a report by Reuters. The news came in the company’s annual report, as it had announced last year that it was doing the voluntary shutdown at some point.

Shutdown 43

Shutdown Central Bank Privacy Consulting 43

PYMNTS

SEPTEMBER 7, 2020

The year 2020 began inconspicuously — but in a few short weeks, everything changed. For the corporate card, 2020 has been a season for dramatic shifts in how the payment tool is used and the value it adds to the enterprise. It’s a shift that will almost certainly continue into the autumn and winter months towards the closure of 2020.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

SEPTEMBER 23, 2020

It's gratifying that KKR sees such incredible value in our brand and that they will continue to support us in doing what we do best — delivering the best vision care to consumers with the highest quality customer service,” 1-800 Contacts CEO John Graham said in the announcement.

Shutdown 81

Shutdown Returns Innovation Consumer 81

PYMNTS

AUGUST 14, 2020

1, 2020 of $893.2 As insight into consumer behavior grows, management continues to execute inventory control measures with the continual goal of aligning purchases with sales,” Dillard’s said in a statement. According to Placer, Macy’s had already started off 2020 with mixed traffic numbers, seeing year-over-over visits down 0.9

Shutdown 70

Shutdown Continuity Consumer Payments 70

PYMNTS

JULY 8, 2020

“2020 will be the year when businesses invest in filling their information and skill gaps to take advantage of digital commerce.”. Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year.

Shutdown 64

Shutdown On-Demand Returns B2B 64

PYMNTS

SEPTEMBER 7, 2020

billion , with that figure expected to grow more than 24 percent in 2020. As Labor Day is the gateway to the all-important fourth quarter, it’s a good time to look at where the DTC category will end up when the dust has finally cleared on 2020: How COVID-19 Boosted DTC. Last year, DTC online sales reached an impressive $14.28

On-Demand 100

On-Demand Shutdown Consumer Gateways 100

PYMNTS

JULY 2, 2020

If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. in general and Southern states in particular unable to control the spread of COVID-19 at this point, the scenario of yet another retail shutdown looms. s John Lewis – and, in the U.S.,

Shutdown 98

Shutdown Returns Caps Advisors 98

PYMNTS

JULY 29, 2020

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

OCTOBER 16, 2020

For the moment, merchants and brands have been forced accelerate digital upgrade plans literally by years in a matter of months, as ongoing PYMNTS research on the coronavirus pandemic’s effects continue to find consumer fear of contagion in physical settings like stores. The very air abounds in examples these days, few better than Shopify.

Consumer 84

Consumer Shutdown Volume Product 84

PYMNTS

DECEMBER 31, 2020

Take a look (and have a listen) at our 10 favorite podcasts from 2020. Is 2020 Healthcare’s Year To #KillTheCheck? If you move to effectively same-day pay or continuous pay, it is the right thing to do by your employees. How ‘Contact Us’ And The Kardashians Ignited Afterpay In The US. Bill Marvin , CEO at J.P.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

DECEMBER 30, 2019

In-store closeout sales are expected to continue through February, led by B. When ABG was announced as Barneys’ owner, the company said Saks Fifth Avenue would serve as a partner for both in-store and eCommerce transactions – so the shutdown of Barneys’ sites is as expected.”. Riley Financial Inc.,” reads a report from Footwear News.

Shutdown 53

Shutdown Transactions Authentication Continuity 53

PYMNTS

APRIL 30, 2020

A revised forecast of smartphone production predicts volume will shrink to a record low in the second quarter as the spread of the coronavirus continues to hurt sales, according to a press release. TrendForce blamed the production levels on pandemic-induced disruptions across the supply chain, including plant shutdowns and material shortages.

Product 60

Product Shutdown Volume Technology 60

PYMNTS

JUNE 29, 2020

The IRS announced as part of its People First Initiative that between April 1 and July 15, 2020, it would not start new field, office, and correspondence examinations, unless deemed necessary to protect the government’s interest in preserving the applicable statute of limitations.

Audit 69

Audit IRS Tax Refunds Returns 69

PYMNTS

NOVEMBER 3, 2020

The shutdowns are on in the European Union as COVID-19 cases rise and local leaders work overtime to bend back the curve because their hospital ICU beds are outstripped by the exploding number of new cases. Schools and universities will be allowed to continue to operate, but all bars and restaurants must close except for takeout and delivery.

Shutdown 58

Shutdown Consumer Use Case Wires 58

PYMNTS

DECEMBER 14, 2020

There are less than two weeks until Christmas, and the retail industry, as per usual in 2020, finds itself in uncharted territory. And just weeks after they could open for limited business, malls and department stores are threatened with another nonessential retail shutdown as the virus surge rages on. Fragrance is booming. recovery.

On-Demand 89

On-Demand Shutdown Consumer Economy 89

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Commercial Card 81

Commercial Card B2B Visa Issuers 81

PYMNTS

MAY 4, 2020

This continues our strategy of focusing our energy and resources on our top Eats markets around the world,” the company said, adding that the moves will not affect its ridesharing business. . Uber said the shutdowns will take place by June 4, affecting “50 full-time roles.” and other countries.

Shutdown 64

Shutdown Adjustments Regulations Continuity 64

PYMNTS

SEPTEMBER 22, 2020

22) that long-postponed Amazon Prime Day 2020 will be now be held Oct. It has waited long enough to see shipment times improve on non-essential items across most regions, but not so long that it’ll compete with its own early Black Friday 2020 deals. In addition to its desire to dominate the whole U.S. 13 through 14.

Shutdown 67

Shutdown Economy Risk Continuity 67

PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

Economy Returns Shutdown Small Business 69

PYMNTS

APRIL 9, 2020

Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. percent of eligible Walmart transactions in 2020, down from 4.5

Point-of-Sale (POS) 56

Point-of-Sale (POS) Shutdown Consumer Volume 56

PYMNTS

NOVEMBER 2, 2020

When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. Interestingly, the World Bank cited the pandemic and related shutdown as the main cause of the trend, pointing to lower wages and lost jobs as a key factor. But it will continue to progress.".

B2B 96

B2B Non-Bank Volume On-Demand 96

PYMNTS

JANUARY 17, 2021

To that point Volvo continues to be aggressive on its Care by Volvo subscription program. The Book by Cadillac website says Cadillac “will be debuting a new program in early 2020.” “Subscription services, it seems, may not be a workable answer. Still, BMW’s and Audi’s abandonment of subscriptions doesn’t mean the model is a failure.”.

On-Demand 81

On-Demand Shutdown Consumer Finance 81

PYMNTS

APRIL 27, 2020

Shipments and spending were down in the first quarter of 2020 compared to the fourth quarter of 2019, according to the U.S. The economy is expected to take a hit, and we’ll see the effects into the second quarter as supply chains continue to catch up.”. Bancorp Freight Payment Indexes. The shipments index increased 3.8

Shutdown 52

Shutdown Payments Volume On-Demand 52

PYMNTS

DECEMBER 28, 2020

Digital experiences have become table stakes as the pandemic continues, but many customers still prefer in-branch experiences. declined by 7 percent over the past five years, for example, and some credit unions are also reportedly considering more physical branch shutdowns as their members move online.

ATM 73

ATM Credit Union Shutdown On-Demand 73

PYMNTS

APRIL 28, 2020

The year 2020 started strong for Starbucks , CEO Kevin Johnson noted in his call with investors after the firm’s second-quarter earnings hit the wires Tuesday (April 28). “We are leveraging our experience in China to inform our actions in other markets, including the U.S. in the waning weeks of Q2.

Shutdown 63

Shutdown Wires Wire Innovation 63

PYMNTS

DECEMBER 12, 2020

And if ever there was a year in need of consumers’ generosity, 2020 would be it. Case numbers continue to climb rapidly nationwide, shutdowns and other regulations are going into effect and the death count is breaking records seemingly each day. The vaccine is here – and the end is within sight. Unemployment is at 6.7

SWIFT 86

SWIFT Push-to-Card Research Shutdown 86

PYMNTS

JUNE 19, 2020

American consumers will be spending more time at home this summer as they continue to social distance amid the COVID-19 pandemic, and they are thus examining ways to spruce up their surroundings with home improvements and backyard landscaping projects. Demand Rises For Furniture, Garden Supplies .

Consumer 60

Consumer BNPL On-Demand Shutdown 60

PYMNTS

AUGUST 12, 2020

The fact that the masks rapidly became the fashion-statement accessory of summer 2020 should surprise absolutely no one. Jewelry store owners are reporting that despite shutdowns and some difficulties getting customers to switch to shopping online (people like to see jewelry in person), things are going surprisingly well.

Consumer 89

Consumer Shutdown Small Business Checks 89

PYMNTS

DECEMBER 4, 2020

NEW DATA: Black Friday 2020: COVID-19 Steepens Physical Retail’s Long Slide. consumers shows 75 percent of Black Friday 2020 shoppers made purchases online — and 30 percent of those shoppers used only digital channels. Top Trackers And Reports. A PYMNTS survey of a national sample of 2,147 U.S.

Visa 60

Visa Online and Mobile Banking Push-to-Card Digital Currency 60

PYMNTS

NOVEMBER 24, 2020

The company believes that this temporary reopening initiative will enable the company to leverage existing assets to meet forecasted demand while it continues to identify and implement other operating efficiencies.”. And with the veritable explosion of grocery delivery options seen in 2020, those new entrants are getting very competitive.

Economy 85

Economy On-Demand Shutdown Consumer 85

PYMNTS

MAY 12, 2020

MLB owners are pitching a proposal to play about half the number of games, 82, for the 2020 season, without fans, according to ESPN. If the parties can negotiate an agreement for a fanless season, it would likely be a boon for restaurants continuing to offer take out while their dining rooms remain closed.

Caps 52

Caps Shutdown Agreements Research 52

PYMNTS

APRIL 16, 2020

Given the full-scale shutdown in the U.S. Deferral requests, however, seem to have peaked about a week ago, though the bank is continuing to monitor the situation. Though Q1 2020 had been forecast to produce continued and perhaps even strengthened spending activity, the coronavirus quickly reversed that course. “We

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

PYMNTS

NOVEMBER 21, 2020

Perhaps against all odds, Thanksgiving is happening in 2020. when it dawns on Thursday – leaving the grocers who sell the ingredients of the meal that will continue to be the centerpiece of the day to find new ways to bring them in for the holiday season. As to what long-term lesson in retail the very unusual 2020 season has to offer?

NOV 71

NOV Shutdown Checks Accounts 71

PYMNTS

JUNE 8, 2020

That’s good news, because of all of the things people have missed during the shutdown, many sports fans have suffered especially acutely. Those teams won’t see the court again until the 2020-21 season opens, which the NBA has said could start on Dec. With no compromise yet in sight, the 2020 baseball seasons remains in jeopardy.

Returns 53

Returns Agreements Shutdown Compromise 53

PYMNTS

JUNE 16, 2020

As the world’s largest quick-service restaurant (QSR) chain, McDonald’s has unsurprisingly been hit hard by coronavirus-related shutdowns. percent in 2020’s first three months, including a particularly punishing 22 percent plunge in March. workers continue to eschew their office buildings in favor of working from home.

Shutdown 40

Shutdown Continuity Process Posting 40