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Payroc Expands Payment Processing Services With Bluestone Payments Acquisition

PYMNTS

Bluestone Payments, founded by Linda Rossetti and launched in 2006, connects merchants in niche markets to payments programs through a referral system. Global payment processor Payroc announced Wednesday (Nov. 18) in a company press release emailed to PYMNTS that it has acquired Bluestone Payments.

Payments 251
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The evolution of AI & lending: Parallel journeys shaping the future

Abrigo

Generative AI , another subcategory of AI, also learns from data, but it can create brand-new content in the form of text, images, music, etc. This launched the age of neural networks starting around 2006 and lasting about a decade. These models influenced marketing strategies, collections, and fraud detection tools.

Lending 221
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Department Store Closures Expected To Tick Up As Brands Try To Recapture Revenue

PYMNTS

Those closures are not exactly evenly spaced — Sears is looking at 300 locations (43 percent of its stores) — to put it back on track to be earning per square foot what it was bringing in in 2006. Department store sales average $165 per square foot in 2015, a 24 percent drop over 2006. Sears is not alone. Sears is not alone.

Branding 100
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Slimmed-Down Albertsons IPO Raises $800M

PYMNTS

Albertsons’ IPO is the culmination of a saga that began in 2006 when private equity firm Cerberus Capital Management took a major position, with plans to grow the chain into one of North America’s gargantuan power grocers. billion fundraise once anticipated. Shares rose some 1 percent to $16.18 shortly before noon ET.

Idaho 224
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Mastercard’s Incoming CEO’s Take On The Future Of Payments

PYMNTS

Haythornthwaite has served as chairman since May 2006 and Banga has served as CEO since 2008 — when he took over the helm shortly after the onset of the financial crisis. Mastercard , like most consumer credit connected brands, was hit hard in the early days of the Great Recession.

Payments 274
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Bumble Plans To Go Public On The Nasdaq

PYMNTS

plans to go public and list its Class A shares on the Nasdaq Global Select Market under the “BMBL” ticker symbol, according to a Friday (Jan. has the potential to become a preeminent global women’s brand that will continue to support our communities on their relationship journeys on and off our platforms. Relationships app Bumble Inc.

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PepsiCo To Expand Energy Drink Share With Rockstar Acquisition

PYMNTS

The move comes as Pepsi and Coca-Cola have both been moving into the energy drinks market, CNBC reported. Energy drinks comprise 92 percent of the total energy market. The country’s snack market is said to be very profitable, seeing a 400 percent increase between 2006 and 2016, per a 2019 study from China’s Ministry of Commerce.

America 130