Visa Names CFO Prabhu Vice Chair, Facebook Plans GlobalCoin Push, And Tariff Battle May Cause More Retail Casualties

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May 27, 2019

Trade War

Tariff Battle May See Mounting Retail Casualties

Trade wars leave casualties on the economic battlefield, wounding balance sheets and earnings amid mounting costs to import (and sell) goods. That’s especially true for retailers caught in the crosshairs of the ongoing skirmish between China and the U.S., where the latest round of tariffs is hitting some of the biggest U.S. players right in the margins. Here’s why it could be a long, bumpy ride.

 

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Consumer Trends

Can P2P Retail Be A Thing?

Setting up shop on the internet is easier than it once was, but still isn’t exactly easy. Digital marketplace Storr thinks it can change that, its CEO Eric Senn tells PYMNTS, by making it tap-click-and-go easy for anyone to start a shop. Consumers are looking for personalized retail channels, he says, and his company aims to make them P2P.

 

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Remote Payments

How Consumers Will Use Mobile To Pay This Summer

With summer (finally) on the horizon, smartphones have emerged from puffy jacket pockets, and the push for retailers to tap into mobile is ramping up. But how will consumers order and pay using mobile apps and wallets this summer? In the 2019 Remote Payments study, PYMNTS surveyed 2,300 customers to determine how mobile is changing the way consumers shop and pay in-store and online. Take a break from grilling and have a look at these tasty findings.

 

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Digital Payments

How Contactless Payments Could Beat Summer Event Heat

Welcome to the unofficial start of summer — and with it, the promise of meaningful advances in digital payments. Carlo Chiarello, CEO of Intellitix, talks with PYMNTS about the rise of RFID wristbands and badges for payments, ticketing and other related tasks at events like outdoor summer concerts. Further use of these payment devices, he says, promises to increase consumer spend and reduce friction. Tap into this.

 

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