Today in Data: Digital Retail Innovation

New technologies bring new opportunities to serve consumers, and retailers are offering their customers more digital options than ever to meet their wants and needs. They are innovating to meet consumer demand for new payment methods, and to improve customer convenience through technologies such as kiosks.

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How Instant Payments Are Transforming Banking and Retail

Instant payment systems are transforming banking and retail, especially with the rapid rise of e-commerce. And these new technologies can offer a huge competitive advantage to organizations.

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How to Improve Airline Loyalty Programs

Without a new approach, airline loyalty programs risk alienating many customers. Since American Airlines created the industrys first successful customer-loyalty program, in 1981, almost every carrier has followed suit.

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Mastercard Signs Off on Removal of Card Signature Panel

Mastercard is embracing new modes of authentication across its network, introducing a voluntary programme for banks to eliminate the signature panel on physical plastic, and enabling token services on all cards by 2020 for shopping online.

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SEC Launches Fintech Hub to Engage With Cryptocurrency Startups and More

The U.S. Securities and Exchange Commission is launching a portal for engaging with companies using blockchain, artificial intelligence and more.

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Payments Revenue to Hit $2.4 Trillion by 2027

The payments industry remains one of the brightest spots on the financial services landscape, according to a report from the Boston Consulting Group (BCG) and Swift, which predicts global revenue to grow by more than 1 trillion by 2027. Payments revenue grew at a CAGR of 6.8 globally between 2010 and 2017, when it reached […]

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MasterCard, VISA to Classify Crypto, ICOs as ‘High Risk,’ Increase Monitoring

Payment giants MasterCard and VISA will soon group cryptocurrency and Initial Coin Offering ( ICO) jurisdictions in a new high risk category, financial trading news site Finance Magnates reported Friday, October 12.

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Fintech Making Inroads, but Little Changed in U.S. Bank Revenues

Financial technology startups and other new entrants are making inroads in the U.S. banking market, but have yet to capture a threatening share of bank revenues, according to research published by Accenture Plc on Wednesday. Around 19 percent of financial institutions in the U.S.

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VIDEO: What Percent of Small Businesses Use a Personal Credit Card?

– 36% of small businesses co-mingle personal funds with B2B purchases– The younger the business owner – the more likely to use a personal card– 49% of millennial business owners use personal cards– 31% of older business owners use personal cards for businessSmall businesses will use a personal credit card or charge card for tons […]

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Dutch Central Bank Study Finds Debit Cards Good for the Environment

Consumers can help save the environment by choosing card payments over cash, according to a study by the Dutch central bank. The energy consumed by a debit card transaction could light an 8-watt bulb for 90 minutes, compared with two hours for a purchase using banknotes and coins, the researchers wrote in a working paper […]

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