Bank Innovation

DECEMBER 30, 2019

For Personal Capital, the path to scale is go broad. The company this month hit a milestone of $12 billion in assets under management, which it sees as evidence its digital and human approach is yielding results.

Capital 259

Capital Management Company Customer Experience 259

PYMNTS

OCTOBER 19, 2020

Silicon Valley checkout-free, autonomous retail startup AiFi has secured a new round of funding, bringing its total raised to $30 million, the company said in a press release on Monday (Oct.

Retail 226

Retail Security Texas California 226

PYMNTS

JULY 3, 2020

Retail CEOs faced a parade of problems in 2020’s first six months, but some executives look ready to set off plenty of fireworks in the year’s back half. . Here’s a July 4 th look at some top executives in retail who seem ready to declare their independence from business as usual in 2020’s final six months. . John Donahoe, CEO, Nike.

Retail 267

Retail Apple Branding Marketing 267

PYMNTS

NOVEMBER 16, 2020

When he first came up with the idea for an eCommerce technology company, Co-founder and CEO Finbarr Taylor was in the process of plowing through this story of medieval Japan. He needed a name for the company and liked the book. It enables companies like Leesa to import their product data during an expansion to a new region.

Retail 226

Retail Regional Branding Tools 226

PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. We’re not a data company.

Community 269

Community Retail Strategy National 269

PYMNTS

JUNE 25, 2020

Technically speaking, Abingdon Mullin is the CEO of a company that sells watches crafted for women. While the only thing that was temporarily put on hold was a search for scalable capital investment, Mullin is stepping forward with a new YouTube Channel that started on June 1, with three episodes each showing women in adventurous roles.

Retail 267

Retail Video Meeting Branding 267

PYMNTS

SEPTEMBER 7, 2020

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. Traditional companies have had to embrace tech at an accelerating pace.

Capital 298

Capital Regional United States Meeting 298

PYMNTS

NOVEMBER 9, 2020

In today’s top payments news around the world, Red Dot Capital Partners has landed $200 million to invest in tech firms, Walmart announced it would sell its retail operations in Argentina to Grupo de Narváez. Israeli’s Red Dot Capital Raises $200M For Southeast Asia-Focused Tech Startups.

Retail 210

Retail Capital Payments Fintech 210

Payments Dive

JULY 29, 2024

The card company set aside more than $800 million to brace for credit card losses tied to its break-up with retail behemoth Walmart.

Capital 195

Capital Cards Retail Company 195

PYMNTS

JULY 19, 2020

Equity crowdfunding program Equifund CFP is launching a Regulation Crowfunding offering to help cannabis tech company Drop Delivery raise money for its all-in-one delivery system for cannabis products, according to a press release. “We’re proud Drop Delivery has chosen to open its doors to early-stage investors with Equifund CFP.”

System 218

System Capital Payments Regulation 218

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JUNE 24, 2020

Vitamin store chain GNC Holdings filed a “prepackaged” Chapter 11 bankruptcy plan, saying it has an offer to sell the company for $760 million and has backing from some 90 percent of its creditors, according to a statement. The retailer, along with Harbin Pharmaceutical Group Holding Co.,

Retail 186

Retail Strategy Branding Security 186

PYMNTS

JANUARY 19, 2021

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As Progressive retailers have paved the way for this with email collection at registers, enabling them to connect their customers’ behavior in-store with them online.

Retail 211

Retail Payments Online Marketing Strategies 211

PYMNTS

DECEMBER 7, 2020

Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. BNPL transactions allow users to pay for merchandise across several installments interest-free, while also paying the retailer in full at the time of the sale.

Capital 184

Capital Cards Millennials Regional 184

PYMNTS

JULY 6, 2020

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Constellation, a holding company that owns popular beer, wine and spirits brands including Corona, says that 90 percent of its sales today come from physical establishments — bars, restaurants, liquor stores and hotels, to name a few.

Retail 259

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

Fintech 332

Fintech San Francisco Capital cryptocurrency 332

PYMNTS

DECEMBER 28, 2020

The dreaded returns season has hit retail with a predictable but painful thud. With Mastercard putting a 49 percent tag on the eCommerce spike for the holidays, this year will be the toughest on record for handling what is a resource- and capital-intensive task. In the brick-and-mortar retail era it was a nuisance to be avoided.

Customer Experience 216

Customer Experience Retail America Branding 216

PYMNTS

DECEMBER 18, 2020

Digital trust-and-safety company Sift said that 2020 has been a “banner year” for online shopping sales, but that scammers have modified their approaches to take advantage of the boom, according to an announcement. Digital fraud is a longstanding issue for retailers and banks.

Report 333

Report Fraud Strategy Retail 333

PYMNTS

AUGUST 7, 2020

Retail Properties of America ( RPAI ), which owns and operates 102 multi-retail sites, showed a net income drop from $44.4 On its earnings call, the company cited positive momentum and urged a patient approach to its business. “We It was listed as one of the potential obstacles in the company’s financial goals for the year. “It

Retail 184

Retail America Operations Examples 184

PYMNTS

AUGUST 6, 2020

And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster. Until recently, retailers had to deal with an incredibly complicated legacy payments network system that was hard to break into. “It

Capital 214

Capital Payments Mobile Trends 214

PYMNTS

JANUARY 7, 2021

In today’s top retail news, Walgreens Boots Alliance, Inc. reported that its Retail Pharmacy USA segment had $27.2 Walgreens Retail Pharmacy USA Reports $27.2 reported as part of its Q1 fiscal 2021 earnings that its Retail Pharmacy USA segment had $27.2 Billion In Sales. Walgreens Boots Alliance, Inc.

Retail 172

Retail New York City New York Texas 172

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.

Payments 300

Payments Capital Online Meeting 300

Bank Innovation

JANUARY 29, 2020

With nearly 200 startups, five major banks, 19 venture capital firms and representation from large tech companies like Google, Facebook, PayPal, Toronto is quickly becoming a center for fintech entrepreneurship.

Meeting 364

Meeting Fintech Google Study 364

PYMNTS

DECEMBER 14, 2020

Although the installment concept is hardly new, Afterpay’s platform and growing catalog of retailers has brought fame and fortune to the company and its founders. A big part of Afterpay’s growth stems from the fact that its super-simple service is appealing to both customers and retailers alike. Preference For Debit.

US 322

US Retail Cards Millennials 322

PYMNTS

OCTOBER 5, 2020

continues to capitalize on growth opportunities. percent stake in the Swiss duty-free retailer Dufry , Bloomberg reported on Monday (Oct. a private-equity company, also plans to invest in the Swiss duty-free company, which has been hard-hit by the pandemic, Bloomberg noted. Alibaba Group Holding Co.

Retail 262

Retail Groups Capital Report 262

PYMNTS

JULY 17, 2020

Based in Nigeria, B2B eCommerce and supply chain technology startup TradeDepot raised $10 million in a pre-Series B equity round led by Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative and MSA Capital. TechCrunch reported this week that the company raised $10.2 Privacy.com.

Fintech 225

Fintech Capital Fraud Cards 225

PYMNTS

OCTOBER 5, 2020

Wool footwear brand Allbirds is wagering on physical retail stores despite the coronavirus. In October, the firm will open its 22 nd retail location in its home state of California. “It One rationale for the company making its own retail location network was to steer clear of the pressures from merchants and wholesalers.

Retail 256

Retail Branding California National 256

PYMNTS

SEPTEMBER 22, 2020

Mirakl , the cloud-based eCommerce software company headquartered in Paris, has raised $300 million in its latest funding round, Bloomberg News reported. billion, the company’s U.S. Mirakl provides online marketplace software to manufacturers, wholesalers and retailers, including Kroger Co., according to its website.

Software 220

Software Retail Capital Branding 220

PYMNTS

JUNE 29, 2020

Tencent and private equity heavyweight Primavera are spearheading the $300 million investment in Xingsheng Youxuan, Bloomberg reported , citing sources familiar with the deal, which values the company at a healthy $3 billion.

Capital 273

Capital Groups Retail Report 273

PYMNTS

JANUARY 24, 2021

Instead of doing that, both companies opted to leave the table. NCR, meanwhile, makes ATMs and also does point-of-sale systems for retailers and restaurants, among other types of businesses. NCR, meanwhile, makes ATMs and also does point-of-sale systems for retailers and restaurants, among other types of businesses.

ATM 293

ATM Retail Operations Software 293

PYMNTS

NOVEMBER 19, 2020

Venture capital cash has been flowing this year to companies that plan to buy up sellers on Amazon and help them grow. million in venture capital this month; FBA Heroes , which netted a $65 million seed round, also this month; and Thrasio , which announced it had raised $260 million in July.

Capital 281

Capital Marketing Branding Groups 281

PYMNTS

NOVEMBER 1, 2020

Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu Eyeing the success of that transaction for the owners who took Allegro.eu

ATM 243

ATM Leadership Capital Online 243

PYMNTS

OCTOBER 15, 2020

Retailers] are seeing double-digit higher conversion rates when an extended warranty is shown – not on the extended warranty, but conversion rates on the product itself,” Levin said. “We Meritech Capital led the funding round, with participation from existing investors Great Point Ventures and Shah Capital Partners.

Online 334

Online Exercises Retail Capital 334

PYMNTS

OCTOBER 19, 2020

Whether that comes in the form of video, live chats or being on a first-name basis with a personal retail adviser, it’s all about personalization and the relationship. . This is where there is a very big difference between mass retail and luxury, as well as premium,” she said. “In The experience of luxury is the exact opposite.” .

Branding 328

Branding Retail Video Examples 328

Bank Innovation

MAY 31, 2017

Well think of it like this: Traditional banks are built to service three main client cohorts; 1) Large Corporates, 2) High net worth individuals and 3) homogenous retail. It means that the banking experience that these companies require can no longer be serviced by their banks alone and they are looking elsewhere.

Capital 316

Capital Lending Data Operations 316

PYMNTS

MARCH 19, 2020

Square Financial Services will originate commercial loans to the retailers that use Square for payments. One of the conditions would require the proposed bank to maintain levels of capital that are significantly higher than typical FDIC-insured banks,” FDIC Chairman Jelena McWilliams said a statement.

FDIC 276

FDIC Utah San Francisco Capital 276

PYMNTS

MAY 19, 2020

CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with analysts that the retailer amplified its digital marketing efforts and revised its online site content. Gass also noted that the company reported positive digital sales growth in all of its categories. All in, Kohl’s Corporation reported revenues of $2.4

Retail 235

Retail Report National Capital 235

PYMNTS

APRIL 28, 2020

As if closing stores, laying off workers and incurring mounting debt amid the coronavirus pandemic wasn’t bad enough, now retailers face another obstacle, Bloomberg News reported. Its shares have fallen nearly 70 percent year to date, giving it a market capitalization of $1.6 billion.

Policies 225

Policies Capital Retail Report 225