Blog Archives

07
Apr
Retail Trends
Report: 80,000 US retailers could close by 2026; Strong eCommerce growth in same period

A new UBS report says as many as 80,000 U.S. retail stores, or about 9 percent of the country’s total, could close by 2026, CNBC reports. The pace of store closures is down from its 2019 peak, but the report

by FiNet

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06
Apr
Studies
Thinking outside the box on serving small businesses

It’s still too early to tell how many small businesses will survive the events of 2020 and 2021. A recent study of small firms by McKinsey and Company estimated that as many as 1.5 million of the 31 million small

by FiNet

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05
Apr
Fraud
Tough Year Had Some Positives for Retail Fraud Teams, Says Report

Retailers faced an existential threat in 2020 as stay-at-home orders in the wake of the Covid-19 pandemic essentially shut down face-to-face retail through much of the year. Retailers responded by beefing up their e-commerce offerings, but many were unfamiliar with

by FiNet

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01
Apr
PPP
Payments trade group praises federal Covid relief programs

The Payments Leadership Council, a new trade group created this month by some of the top companies in the payments industry, jumped up last week to praise congressional passage of a bill extending the Paycheck Protection Program that provides loans

by FiNet

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31
Mar
Contactless Payments
For the Worcester Red Sox, payments are no longer a contact sport

Matt Levin’s cautious optimism is typical for a baseball exec at the end of March. Spring training is almost over, and his Worcester Red Sox are preparing to launch a new mobile-friendly low-touch ballpark that appears made for the times.

by FiNet

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29
Mar
Durbin Amendment  ·  Litigation  ·  Visa
Visa faces U.S. probe over its debit-card routing practices

“The U.S. Department of Justice has informed Visa of its plans to open an investigation into Visa’s U.S. debit practices” and is cooperating with the department, the company said in a regulatory filing on March 19th. “We believe Visa’s U.S.

by FiNet

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26
Mar
Retail Trends
Retailers find new value in old locations

It’s been more than 100 years since Mark Twain said “reports of my death have been greatly exaggerated” – and yet today, that famed quip is in some ways relevant to those who have been eulogizing malls and other traditional

by FiNet

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25
Mar
Chargebacks
Decoding the 2021 Visa chargeback rule updates

For card-not-present merchants, familiarity with the chargeback process and its guidelines is a necessary part of accepting payments online, over the phone, or via mobile app. While merchants might argue the rules are tilted in consumers’ favor, the process was

by FiNet

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24
Mar
Contactless Payments
Contactless payments are far more than just sanitary

There are more reasons to love contactless payments beyond the convenience that it offers consumers as a result of the pandemic. One reason is the extra layers of cybersecurity and fraud controls provided to the customer and the businesses accepting

by FiNet

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23
Mar
Covid-19  ·  Studies
Even post-pandemic, consumers embrace a digital-first world

It all started a year ago. Remember? There came a scary event that’s changed nearly everything about how we live, work, play — and pay for the pleasure. PYMNTS has tracked the destructive path of COVID through the business world,

by FiNet

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