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BNY's new branding, Virginia credit unions to merge

American Banker

BNY, the country's oldest bank, drops "Mellon" from its branding; Apple FCU announces plans to merge with NextMark Credit Union; Moelis probes incident after a video circulated online shows one of its senior bankers appearing to punch a woman; and more in this week's banking news roundup.

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Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

a global payments provider, now accepts Electronic Benefits Transfer (EBT) payments at grocers, allowing Supplemental Nutrition Assistance Program (SNAP) participants to purchase groceries online for the first time, the Wisconsin-based company announced on Tuesday (May 5). brand, is accepting online EBT payment at select locations.

Online 151
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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

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Instacart, Publix Team On Digital ‘Pub Sub’ Offering

PYMNTS

As of today, it’s available in Florida, Georgia, Alabama, South Carolina, Tennessee, North Carolina and Virginia, Instacart said in announcing completion of the Digital Deli rollout. Publix has more than 1,200 stores, all in the Southeast, stretching from Virginia to Florida.

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How Flexible Payment Options Are Helping Small Businesses Drive Customer Engagement

PYMNTS

Online retail business is booming during the COVID-19 pandemic as consumers increase their use of contactless digital channels to shop safely from home instead of returning to brick-and-mortar stores. Tillman quickly took action once The Slay Brand was automatically added to the Afterpay directory. . “I Recent data revealed that U.S.

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Off-Price Retailer Stein Mart Files For Chapter 11

PYMNTS

The company said it is looking into “any and all strategic alternatives,” such as a possible sale of its online shopping operation and the intellectual property related to it. Stein Mart, which provides brand-name décor, clothing, footwear and accessories at discount prices, runs 281 retail locations throughout 30 states.

Retail 146
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Ascena Files For Chapter 11 Bankruptcy, Plans Store Closures

PYMNTS

has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. Ascena is currently running with roughly 95 percent of its store base opened again, helping shoppers via retail locations as well as online stores. Ascena Retail Group, Inc.

Virginia 140