Where Today’s Receipt Data Falls Short for FIs and FinTechs

Knowing that a consumer went to Target and spent $45.89 isn’t as good as knowing that one of the things in the basket was a $25.83 queen-size blanket. That’s the power of item-level receipt data, something that Wil Schobeiri, chief technology officer at Banyan, says will improve consumer engagement, loyalty marketing and expense management.