Changes in the way consumers spend money and the ever-increasing pressure for retailers to remain competitive continue to influence innovation in the payments industry. Providing both challenges and opportunities for the tech…
Tag: retail
FreedomPay: AI-Powered Retail – The Competitive Edge You Can’t Ignore
Artificial Intelligence is having a profound impact on a range of industries, but how can its ever-evolving models benefit the retail for customers and merchants alike? Kevin Carson, SVP of FreedomPay, outlines…
Klarna plants its flag in retail banking with balance and cashback features
Credit: Mats Wiklund / Shutterstock.com Swedish multinational fintech Klarna is making its mark in retail banking with an expansion of its product range. The company, which has built up a strong leadership…
J.P. Morgan to integrate PopID’s biometric solution for retail payments
credit: Shutterstock J.P. Morgan Payments has deepend its partnership with PopID to integrate its biometric payments system in-store to various merchants across the US. Customers will now be able to make pay-by-face…
NatWest Group to acquire Sainsbury’s Bank’s retail assets
Credit, William Barton Shutterstock NatWest Group has announced it has entered into an agreement to acquire the retail banking assets and liabilities of Sainsbury’s Bank. As part of the transaction, NatWest Group…
Money 20/20: Mastercard – reveals the challenges facing retail banks today
Retail banks are increasingly seeking to digitise their products and services in a bid to keep up to pace with the ever-evolving financial landscape. Ngozi Megwa, Senior VP of Global Retail Banking…
Nationwide data shows customers still value retail banks
Credit: D K Grove, Shutterstock Young people are becoming increasingly frustrated by the lack of access to local banking services according to research by Nationwide. One of the UK’s leading retail banks…
UK retail banking sector shrinks further as TSB announces 36 closures
Credit: William Barton / Shutterstock TSB Bank will close down 36 of its branches across the UK, cutting 250 jobs in the process and further reducing the size of the British retail…
Thomas Jordan of SNB, warns against retail CBDC
Image courtesy of kavalenkava via Shutterstock.com Thomas Jordan, Chairman of the Governing Board at Swiss National Bank (SNB) has described retail central bank digital currency (CBDC) as too risky at an event…
Nationwide challenged over retail bank closure ad claims
Image courtesy of P.Cartwright/ Shutterstock.com The UK’s retail banking sector has been shrinking year-on-year with several big name high-street banks closing facilities. The Nationwide Banking Society has taken aim at this in…