Item Level Receipt Data news and trends

1 in 4 Gen Z Shoppers Use Card-Linked Offers for Specific Products
Consumer Insights // February 22, 2024

Brands looking to drive adoption with card-linked offers have found their best customers in the younger generations. By the Numbers The PYMNTS Intelligence report “Leveraging Item-Level Receipt Data: How Personalized Card-Linked Offers Drive Store Card Usage,” created in collaboration with Banyan, drew from a survey...

Data Collaboration: Unlocking Growth and Efficiency in 2024
Opinion // January 12, 2024

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that have shaped business in 2023. Their responses show critical trendlines to watch in the new year. Jehan Luth, founder and...

Grocery Shoppers Want Product-Specific Card-Linked Offers
Loyalty & Rewards // January 11, 2024

As budget-conscious shoppers seek card-linked offers, PYMNTS Intelligence reveals that product-specific deals can go a long way towards engaging cost-sensitive grocery shoppers. By the Numbers The new report “Leveraging Item-Level Receipt Data: How Merchants Engaged Holiday Shoppers With Card-Linked Offers,” a PYMNTS Intelligence and Banyan...

Banyan Names Citi Veteran Alpesh Chokshi as President
Personnel // January 09, 2024

Item-level receipt data platform Banyan has named financial industry veteran Alpesh Chokshi as president. Chokshi, whose appointment was announced Tuesday (Jan. 9), joins Banyan following a stint as global head of business development for personal banking and wealth at Citi. He has also held positions at Visa and American...

Interviews & Exclusives
Banks and Merchants Look to Receipts for Data That Drives Context and Conversion

August 04, 2023
A sticky customer base makes for a happy business. And the technical opportunities and innovations embedded across today’s data-rich operating landscape are helping financial institutions, FinTechs and merchants unlock more than has ever been possible before from the payment occasion — particularly around item-level receipt data. This, as research in the 2023 report “Meeting the […]

PYMNTS Summer Loyalty Series: 95% of Ulta Beauty Sales Driven by Loyalty Members

June 02, 2023
Loyalty is a beautiful thing for consumers and retailers, and loyalty in the beauty space is doubly so, in that choice of retailers and products are deeply personal, literally modifying...

Quick Reads
Walgreens Teams With Banyan for Item-Level Data

May 20, 2024
Walgreens has formed a partnership with Banyan, a platform offering merchants item-level receipt data solutions. By adding Banyan’s item-level data capabilities, the companies said on its blog Monday (May 20), Walgreens will be able to offer a “true omnichannel experience,” with platforms combining the physical and digital. “This is an exciting collaboration between Walgreens and Banyan,” Banyan President […]

Banyan Names Citi Veteran Alpesh Chokshi as President

January 09, 2024
Item-level receipt data platform Banyan has named financial industry veteran Alpesh Chokshi as president. Chokshi, whose appointment was announced Tuesday (Jan. 9), joins Banyan following a stint as global head of business development for...