Hxex EverCompliant Raises $9.5 Million
Theres no shortage of evidence for the digital shift, especi
stanley thermoskanne ally when it comes to changes in the way consumers are now paying for goods and services. QR codes, installment credit, by now, pay later BNPL 鈥?all of these and more set the stage for a
stanley cup revolution in payments. One of the overlooked examples may be digital wallets. PYMNTS research on the recent holiday season found that 40 percent of shoppers used digital wallets to pay for holiday gifts, a 54 percent increase compared to 2019.That digital
stanley cup change has spread to many aspects of the business, and it has not gone unnoticed by payments company Blackhawk Network. As Blackhawk Vice President Jayson Berg told PYMNTS in a recent conversation, this genie isnt going back in the bottle. The result is that retailers are being pushed into a faster pivot to digital optimization than they were even considering a year ago. As Berg sees it, one of those considerations is eGifting, which Blackhawk has continued to refine and optimize.But beyond the familiar gift card use cases, the larger goal of helping its merchant partners take a more holistic approach on how they fit into the larger payments ecosystem. Digital gifting is an important component of the journey, said Berg, but not the whole of it. Its what motivated Blackhawk to release its聽new suite of payments solutions in late 2020 called Pay4It, designed to bridge the gap between cash and digital payments and expand the acquisition channels for digital gift cards and payments.No Bnkv Luxury Brands Vacate Hong Kong Leases
U.S. retail sales fell in August, and industrial output recorded its big
stanley becher gest drop since 2009, due to the impact of Hurricane Harvey.According to Reuters, the hurricane 鈥?which hit Texas in the last week of August 鈥?disrupted activity and could damage economic growth in the third quarter. The early returns from Harvey are trickling in, and the news is not good, said Joel Naroff, chief economist at Naroff Economic Advisors. Economists are likely marking down third-quarter growth and marking up the fourth quarter. Hurricane Irma, which struck Florida last weekend, will also likely have a negative effect on the economy. Fortunately, analysts expect a rebound in the fourth quarter.According to the Commerce Department, retail sales dropped 0.2 percent last month, the biggest decline in six months. Motor vehicle sales tumbled 1.6 percent, and U.S. retail sales of building materials, electronics, appliances and clothing also fell.While the Commerce Department said it could not isolate t
stanley website he impact of Hurricane Harvey on retail sales, it did receive indica
stanley termoska tions from companies that the hurricane had both positive and negative effects on their sales data, while others indicated they were not impacted at all. While Harvey most likely played a part in lower sales last month, data for July and June were also revised down, suggesting consumer spending has slowed after steady growth in the second quarter.The Federal Reserve said in a separate report that industrial production declined 0.9 p
