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Retail Reinvention

Can Retail’s Present Keep-Up With The Demands Of Its Future?
 

That much of retail is struggling right now is not a secret. But when it comes to actionable solutions — the field gets thin — fast. But, at Innovation Project 2017 last week, our panel of retail innovators had some pointed thoughts on what’s needed to get traditional retail revving again. Spoiler alert — they weren’t bullish on quick fixes — and time is definitely not on their side.

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Remittances

BillMo And The Momentum Of Remittances
 

The cross-border flow of money will keep on keepin’ on—no matter what the political climate. And firms enabling the movement of money from one wallet to another should find the market plentiful. BillMo CEO Steve LaBella weighed in on the state of remittances for his firm (and others) in a CEO conversation about the new world order with PYMNTS at IP 2017.
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PYMNTS Data Dive

Fierce Competitors Edition: Amazon, Chase And Google
 

Much of America will be obsessed with college basketball for the next few weeks — with the faithful watching their brackets shredded by whatever Cinderella story smashes their crystal ball. For those of us whose dreams and brackets are busted, we have a much better idea: watch the competition in payments and commerce. The big plays last week? Amazon, Chase and Google.

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The Amazon Effect (On Payments)
 

The “Amazon Effect” was a term reserved for retailers caught in the riptide of Amazon’s influence over how and where consumers shop. Karen Webster says that there’s another Amazon Effect that could be far more disruptive, well, if you’re a digital wallet, that is. The Amazon Effect on Payments, Webster says, is where Amazon and its sprawling Alexa ecosystem makes it easier for any brand and any consumer to meet and do business anywhere — and harder for digital wallets to get in on that opportunity. Well, harder for all but maybe one of those wallets (maybe).

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