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americanbanker | March 04, 2020
The last year has been rather tumultuous for Alliance Data Systems, the Columbus, Ohio-based credit card issuer that specializes in the mall-based retail sector. Two large retail partners, Forever 21 and Pier 1 Imports, have declared bankruptcy, and a third affiliate, Victoria’s Secret, has been closing stores amid changing shopping trends. Alliance Data is also facing pressure from shareholders to reduce its heavy debt load. The company has had three different CEOs since June. Its stock p...
fox28spokane | February 06, 2020
The online retailer said Thursday it has more than 150 million Prime members worldwide who pay $119 a year for faster shipping and other perks. That’s up 50% from the last time Amazon disclosed the number in 2018. It also surpasses Netflix, which has 139 million members globally who pay to stream movies and TV shows. “More people joined Prime this quarter than ever before,” said Jeff Bezos, Amazon’s CEO and founder. The Seattle-based company also reported financial result...
biometricupdate | April 10, 2020
Korean credit card company Shinhan Card has introduced Shinhan Face Pay, which The Korea Times reports is the country’s first biometric facial recognition payment service. An infrastructure for facial payments has already been set up at Hanyang University’s Seoul campus, where it includes 16 venues, such as restaurants and convenience stores. To use the system, users first have to register their facial details and card information at a bank. “The facial recognition payment is t...
pymnts | March 04, 2020
The connected consumer wants to feel more connected. That’s one of the conclusions drawn from a new report on customer loyalty from Merkle, and it holds some clues for retailers looking to improve the recency and frequency of customer visits and purchases. “To truly stand out from the crowd, brands must go beyond the transaction and create enhanced experiences and engagement opportunities across the entire customer journey,” the report states. “On their own, traditional &...
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