Ffam Top News In Payments: Digital Currency Faces Greenspan Backlash; Amazon Boosts Its Grocery Program; Goldman Denies Apple Card Discrimination
Anyone who remembers the cover art from the film The Perfect Storm recalls a vast wave looming over a small fishing boat. Thats the image that Agreement Express CEO David OBrien conjured in a recent conversation with PYMNTS on how payment firms must ride out the squalls of competition. I very much look at things that way in the payments industry today, OBrien [url=https://www.cups-stanley-cups.ca]stanley cup canada[/url] said. You ;ve got the changing client experience. What I wanted [as a consumer] three years ago versus today is vastly different. The industry needs to keep up with that. And look at the changes the pandemic has delivered. You never would have thought thered be grandmothers on Zoom. People think technology change is linear, and it is not. It actually exponential. That exponential change is challenging to many who are trying to grow their portfolios and increase their processing volume, while also attempting to manage risk levels. Trying to juggle an increasing portfolio in uncertain market conditions endangers ROI, while competitors with strong partners are not only able to ride the worst waves, bu [url=https://www.cups-stanley-cups.ca]stanley tumblers[/url] t can also harness that momentum to gain a competitive advantage.When asked about the secret to remaining competitive in a payments services marketplace rife with rivals, OBrien said: History has spoken. Companies that have done really well have focused on the front-end, an [url=https://www.stanley-cups.it]stanley thermos[/url] d theyve been able to create a seamless onboarding experience. This enables merchants to start processing payments quicker than ever before Xjne Apple Pay To Include Discover
Research and analysis firm Bernstein said Starbucks changes to its rewards program could alienate some of its customers, according to a report by CNBC.The coffee giant announced it was revamping its rewards program in a push to attract new customers, in the midst of slowing traffic in its North American stores.The companys loyalty p [url=https://www.stanleycups.cz]stanley quencher[/url] rogram makes up about 40 percent of its daily transactions. With the new version of the program, members s [url=https://www.cups-stanley.fr]stanley quencher[/url] till get two stars for every dollar spent, but the company is getting rid of the tiers and offering a wider range of items to redeem. We want to make the program more appealing to more people, said Matthew Ryan, chief marketing officer at Starbucks. We want members more engaged out of the gate. Under the rules of the program, when customers spend $62.50 at the store, they get 125 points and are eligible for a free item.When the new changes go into effect on April 16, customers will have to spend $75 to redeem certain items at 150 points. A salad or a sandwich will cost even more: $100 for 200 points. We think the [url=https://www.stanleycup.fr]stanley france[/url] new rewards plan runs the risk of alienating the core customers, Bernstein Analyst Sara Senatore wrote in the research note. With lower discounts on higher-value items, the program should be margin accretive 鈥?assuming no change to customer habits. But customers are savvy, and higher spenders are likely to recognize that the effect reward rate is lower as much as 50 percent lower on some items . The last time Starbucks tinkered wit