What Flipkart means for Walmart, How Bridge Millennials will change retail, Where the rich keep their bitcoin.

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May 10, 2018

Connected Consumer Report™

NEW DATA: How Bridge Millennials™ Are Upending The $400 Billion Apparel And Accessories Market

There’s a new sheriff in retail: the 30- to 40-year-old consumer with money to spend and connected devices to help them do it. This group likes to shop around, uses debit more than credit and is much more likely to visit a store to inspect something than to buy it there. In the new Connected Consumer Report, PYMNTS analyzes over 530 data points from a survey of 2,500 consumers to compare how bridge millennials — and their generational counterparts — shop and pay at the largest 250 U.S. retailers.

 

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KYC And AML

GIACT: Beneficial Ownership Compliance: Ready But Mostly Not

Tomorrow, May 11, is D-Day for the switchover to FinCEN’s new customer/beneficial ownership due diligence rules — a change that will likely send ripples, if not shockwaves, across the FI landscape. As GIACT EVP of product David Barnhardt tells PYMNTS, in a world where "ready or not" takes on new meaning when it comes to compliance, many FIs simply are ... not ready.

 

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SMBs And EMV

For Some SMBs, It’s Still Wait-And-See On EMV

Hard to believe but the transition to EMV in the U.S. is still underway, three years on. National Business Systems VP David Riley tells PYMNTS that some SMBs just don’t know that technology – like integrated cash registers, for example – can help protect them against fraud and chargebacks.

 

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Global Payments Architecture Report™

NEW REPORT: Why International Students Must Major In X-Border Tuition Payments

For the more than one million international students studying in the U.S., navigating the admissions process can mean slogging through a costly cross-border tuition payments landscape riddled with friction. In fact, says Michelle Larson-Krieg, the University of Colorado Denver’s international student director, for those students the process can feel like an academic crash course in cross-border tuition payments. In this issue of the Global Payments Architecture Report, Larson-Krieg explains how CU Denver helps those students ace that test.

 

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