Bank Innovation

MARCH 14, 2019

When it comes to innovation, banks in 2019 should look to partner first, buy second and lastly build, Jeremy Balkin, head of innovation at HSBC Bank USA said at BI Ignite 2019 in Seattle earlier this week. It makes more sense for banks to make a strategic investment in fintech companies than to try and build […].

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PYMNTS

MARCH 12, 2020

For retailers looking at stockouts, empty stores and the worst still to come, talk of recovery might seem premature. Retailers should first understand that the most stress is likely being placed on front-line employees and, if applicable, customer service reps. “All things must pass,” as George Harrison said.

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PYMNTS

JANUARY 1, 2019

A robust supply of private capital reportedly is one of the main reasons for that, along with corporate cultures that are averse to public markets. But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs.

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Payments social media Analytics Capital 223

PYMNTS

NOVEMBER 10, 2020

Data: $80M : Amount of the recent capital infusion for Chicago-based Cooler Screens. households counted as unbanked in 2019. All this, Today in Data. 60% : Increase in share of purchases made with digital devices since March. 25% : Share of consumers who prefer wholly digital shopping experiences. 5.4% : Portion of U.S.

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Retail Chicago Video Data 133

PYMNTS

JANUARY 23, 2019

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. billion, a jump Capital One said was mainly due to a 65 percent increase in marketing expenses. Capital One takes over for Synchrony Financial , which had a nearly 20-year relationship with the retail chain.

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Capital Cards Branding Conference 156

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. annual list. We may not be good, but we’re persistent!

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Idaho Conference Data Marketing 148

PYMNTS

JANUARY 16, 2020

Close the door and buckle up – retail automotive sales are getting an upgrade. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. purchased fewer new vehicles in 2019 than in prior years, but spent more money to buy them. for both iOS and Android.

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Bank Innovation

OCTOBER 25, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 25, 2019.

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UX Capital Fintech Video 170

PYMNTS

NOVEMBER 3, 2020

These are the top stories in retail for Tuesday (Nov. percent in Q3 2019. Founded in 2014, SA Company has evolved with the pandemic and is on its way to getting a capital investment and operational expertise from one of its venture capital and marketing partners, TZP Group. Those repeat shoppers made 11.3

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PYMNTS

SEPTEMBER 22, 2020

IRI has found that total eCommerce demand has significantly outpaced all other channels since COVID-19, and for June is up 86 percent compared to June 2019. The new emphasis on digital has also led to more collaboration with retailers. 30, despite the eCommerce channel being up 91 percent.

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PYMNTS

FEBRUARY 12, 2019

But in 2017, the company took in capital at a valuation of $1.25 The company is seeking a debut in the latter half of the year, The Wall Street Journal reported. According to unnamed sources cited by the outlet, the company is looking for a valuation over $4 billion.

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PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. million in sales from selling 15,000 cases since its launch in 2019 — to build a strong digital presence. Worse yet, some analysts fear the triggering of break-lease clauses for retailers in malls if anchor stores leave.

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Retail Meeting Branding Maine 259

PYMNTS

NOVEMBER 20, 2020

Chipper CEO Ham Serunjogi confirmed on Twitter the startup, which got its initial foothold in the market as a peer-to-peer (P2P) payments service, has just wrapped up a $30 million Series B round of venture capital. Ribbit Capital, a VC firm in the U.S. that focuses on early-stage firms, led the investment round. Stripe, the U.S.-based

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Fintech San Francisco Capital cryptocurrency 332

PYMNTS

JULY 9, 2019

Independent retailers using this software, Bolt said, will be in a better position to compete with the likes of Amazon and other major online retailers. In a blog post , Bolt said the Series B funding round was co-led by Activant Capital and Tribe Capital, and brings the firm’s total amount raised to $90 million.

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Retail Software Online Capital 115

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”.

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Retail Marketing eBook Cards 177

PYMNTS

DECEMBER 15, 2020

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec.

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PYMNTS

SEPTEMBER 5, 2019

Luxury retail is being revised — and in some cases, reinvented — and those trends are worth attention as the 2019 holiday shopping season approaches. Not only that, but the luxury online consignment retailer opened a brick-and-mortar store on New York City’s famed Madison Avenue. Indeed, in its recent U.S. Barneys Woes.

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Retail New York New York City Philadelphia 123

PYMNTS

JUNE 14, 2019

However, in the 2019 Retail Banking Report, a study by Reputation.com that analyzed online data relating to retail banking locations for 23 major U.S. At a high level, retail banking didn’t score as well as other industries with a 341, 174 points lower than retail’s 515.

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Retail Study Online Mobile 103

Bank Innovation

JANUARY 11, 2019

For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019. Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation.

Financial Technology 170

Financial Technology Technology Innovation Digital Banking 170

PYMNTS

DECEMBER 18, 2020

Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Digital fraud is a longstanding issue for retailers and banks.

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Report Fraud Strategy Retail 333

PYMNTS

OCTOBER 16, 2019

Retail sales in the U.S. percent September 2019, the first such decline in seven months, according to figures released Wednesday (Oct. Online retail suffered a 0.3 Meanwhile, the retail sales for August were revised to a 0.6 decreased 0.3 16) by the U.S. Commerce Department. Automobile sales fell 0.9 percent decline.

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Retail US Meeting Data 102

PYMNTS

JULY 30, 2019

One of the biggest retail stories as we head into 2020 is how India is a battlefield of digital commerce, along with a hotbed of retail innovation. The eCommerce retailer is said to be working with Catamaran and has started hiring workers for the operation per unnamed sources, Reuters reported. The company was founded in 2016.

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Retail social media eBook Report 108

PYMNTS

MAY 29, 2020

Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world. And in 2019, the company participated in a $530 million funding round for autonomous tech firm Aurora Innovation. Hiccup of the Week: Brief Amazon Outage .

Retail 131

Retail Capital Online Management 131

PYMNTS

SEPTEMBER 29, 2020

Stripe led the round, and existing investors Y Combinator and Global Founders Capital participated, alongside a new investor, Bedrock Capital. By April, when the government had imposed lockdown measures, PayMongo saw thousands of retailers, including small entrepreneurs, restaurants and fast-food chains, signing up for its services.

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Payments Capital Online Meeting 300

PYMNTS

OCTOBER 5, 2020

continues to capitalize on growth opportunities. percent stake in the Swiss duty-free retailer Dufry , Bloomberg reported on Monday (Oct. Dufry and Alibaba are also forming a joint venture in China that will combine Alibaba’s digital capabilities with Dufry’s travel retail business in that market. Alibaba Group Holding Co.

Retail 262

Retail Groups Capital Report 262

PYMNTS

MARCH 31, 2020

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon , one of Russia’s largest online retailers, has been on a growth spurt over the last few years. million, according to Reuters.

San Francisco 189

San Francisco Capital Retail Online 189

PYMNTS

FEBRUARY 24, 2020

Target ’s strategy to concentrate on its eCommerce business has moved the big-box retailer to the No. While growth is strong for Target’s eCommerce business, QVC and HSN owner Qurate Retail Group have dropped. percent in 2019 to 1.2 percent in 2019. percent in 2019 and capture 4.6 percent in 2019 and capture 4.6

Retail 150

Retail Online Maine Apple 150

PYMNTS

NOVEMBER 14, 2019

SMBs have both less capital and less room for error when it comes to a proposed upgrade not living up to its billing. In its early days, Bulletin was often called the WeWork of retail – and though that particular reference point carries some issues as of 2019 , the basic conceptual comparison still holds.

Retail 101

Retail Innovation Branding social media 101

PYMNTS

JUNE 18, 2020

The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The Shoe Company. percent for the first quarter of 2020, in comparison to a 3 percent rise in the same quarter of fiscal 2019, according to an announcement. In separate news, retailer Express Inc. percent to $482.8 million. .”

Branding 141

Branding Report Guidelines Retail 141

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

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Fraud Online Retail Examples 255

PYMNTS

OCTOBER 9, 2018

Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 While Starbucks typically shuts around 50 stores a year, in 2019 it expects that pace to increase to around 150 stores. “We percent stake in Starbucks.

Capital 128

Capital Management Conference New York 128

Bank Innovation

FEBRUARY 18, 2020

billion in costs and reallocates capital away from underperforming units. The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5

Strategy 243

Strategy US Taxes Capital 243

PYMNTS

AUGUST 23, 2019

As the results from the nation’s most prominent names in retail came rolling in for Q2, one could not help but think back to high school and recall what is probably the best-known start to a novel in the English language: It was the best of times, it was the worst of times. The Winner’s Circle — And How They Got There .

Retail 116

Retail Branding Report Management 116

PYMNTS

MARCH 10, 2020

Blockchain Co-Founder and CEO Peter Smith said per the report, “Institutional and retail investors have the same financial goals — grow wealth and manage risks — but the tools at their disposal are vastly different.”. In 2019, BlockFi announced that it had notched $18.3 million in a series A funding round led by Valar Ventures.

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New Jersey Bitcoin Lending blockchain 217

PYMNTS

SEPTEMBER 21, 2020

The retail giant is starting “a fashion essentials-inspired brand for both men and women created by our in-house design team,” the company said in a news release. The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016. billion in 2019. Today (Sept.

Branding 263

Branding Los Angeles Retail Online 263

PYMNTS

JULY 30, 2020

The company almost doubled its revenue and profit numbers while spending more than $9 billion on capital improvement projects. billion for Q2 2019. billion in second-quarter 2019. Other capital expenditures went to fulfillment, transportation and investments in Amazon Web Services. billion compared with $36.0

Online 238

Online Capital Operations Video 238

PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

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Retail Regional Policies Operations 206