|
June 8 Payments NEXT newsletter: POS loans, GoCardless, banking trends, FTD, automatic checkouts, contactless payments, retail trends, more… |
|
We’ve got a great shopping cart full of stories this week on payments, fintech, retail, and e-commerce. POS consumer loans are growing fast and estimated at $6 trillion annually. A new report from GoCardless shows how payment preferences influence sales. Cornerstone Advisors surveys banking executives to find out where the industry is headed in 2019. Global florist FTD enters Chapter 11; should we send flowers?
Our global payments news roundup looks at low-income shoppers boosting sales at Walmart, Target and Costco; innovations in automatic checkouts;.42% of POS terminals worldwide now accept contactless payments; a new Walmart grocery delivery service right to your fridge; and Facebook plans for its own cryptocurrency. Good weekend reading to keep you ahead of the payments industry curve.
|
|
Point-of-sale finance competition growing fast
The checkout line is getting crowded with point-of-sale (POS) finance competitors each looking for a slice of the consumer lending market with the help of innovative technology and platforms. Filene Research Institute estimates the annual size of the POS finance market in the US at $391 billion – about 3.5% of annual consumer spending—with healthcare, electronics, and home furnishings products as the most popular consumer categories. The global POS finance market is estimated at $6 trillion. Read more… |
|
Research: Payment preferences & path to sales
Preferences shape how consumers like to pay and how your business should collect payments which impact customer satisfaction and churn. A new report from GoCardless looks at payer preferences for various types of recurring purchases in different markets and what’s needed for sales success. There’s no such thing as the “perfect” payment method, so the challenge is to balance the differences and best features that work best for your business. Read more… |
|
What’s going on in banking in 2019?
Getting a handle on what’s happening in banking this year and in the future is a big challenge. Cornerstone Advisors surveyed 305 senior executives at US-based, mid-size financial institutions (FIs), 60% from banks and 40% from credit unions to get a picture of banking in 2019. The result is an interesting look at the quickly changing financial services marketplace and its challenges. Read more…
|
|
FTD bankruptcy: Send flowers?
It’s never a happy day when a 109-year-old retailer files for bankruptcy. That’s certainly the case with FTD as it files for Chapter 11 bankruptcy protection and begins to sell off its business assets, one bouquet at a time. Founded in 1910 in Rochester, New York as a retailers cooperative, Florists’ Telegraph Delivery (FTD), helped consumers send flowers to distant locations using florists in the FTD network which eventually grew to more than 35,000 small retail shops in 125 countries. Read more… |
|
| June 7 Global payments news roundup
Low-income shoppers are boosting sales at Walmart, Target, and Costco. Techcrunch takes a look at innovations in automatic checkouts. 42% of POS terminals worldwide now accept contactless payments. We highlight a look at eight retail trends that will impact how you shop. A new Walmart service will deliver groceries right to your fridge. Later this month, Facebook will announce plans for its own cryptocurrency. Read more... |
|
Get more global payments industry news and insight.
Find the daily payments industry news you can use at Payments NEXT.
|
|
