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New Report: A Merchant's How-To Guide To Reopening Retail Stores

PYMNTS

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. As such, SMBs are embarking on eCommerce initiatives in record numbers.

Retail 67
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Walmart Beats The Street, Talks Up eCommerce

PYMNTS

For the third quarter in a row Walmart has beaten analysts’ predictions on revenue and marked same-store sales increases (a difficult magic trick in retail these days) — and in Q3 the company also had some more than solid growth in eCommerce lines and on the global scene. By The Numbers . All in all, eCommerce sales added 0.5

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Deep Dive: Pandemic Boosts Demand For In-Store And eCommerce BNPL Options

PYMNTS

The pandemic-related economic downturn is making consumers wary of payment methods that can worsen their debts. users within a 10-week span, for example, marking a 30 percent to 40 percent increase in the number of clients added weekly compared to January and February totals. This occurred after the provider reported that it served 4.4

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People's United Bank On How ML And Rules-Based Analysis Work In Tandem For Fraud Prevention

PYMNTS

Debit has become exceedingly popular over the past year as social distancing and stay-at-home orders reduce consumers’ cash reliance and the ongoing economic decline and rising unemployment rates make them wary of taking out loans or leveraging credit. Debit Fraud Threats In The Time Of eCommerce.

Banking 66
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Visa: Real-Time Settlement, Online Marketplaces Help Put SMBs Back On The Road To Recovery

PYMNTS

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.

Sales 141
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New Report: The Role Of Flexible-Payment Options In Bringing Customers Back Into Stores

PYMNTS

Flexible in-store payment plans that can help consumers handle both everyday and big-ticket purchases are gaining popularity in the United States, where the pandemic’s economic effects are causing consumers to temper their spending. Deep Dive: Demand For In-Store And eCommerce BNPL Offerings Rise During Health Crisis.

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Deep Dive: How Online Retailers Kept Fraudsters From Having A Merry Little Christmas

PYMNTS

Amid the pandemic, social distancing and stay-at-home orders kept shoppers away from brick-and-mortar stores, and the resulting economic downturn left consumers with less disposable income. The 2020 holiday season has been vastly different from seasons past, however.

Retail 63