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CashStar Releases New eGifting Solution

PYMNTS

The gift of giving just got a whole lot easier and more digital, thanks to one Portland, Me.–based According to data from the National Retail Federation, about 15 percent of holiday sales were returned last year — an estimated $90 billion worth of merchandise. based company.

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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Knowing that Nike and Amazon were in the process of breaking their sales agreement, we tried a third item: a copy of Thomas Piketty’s new book, “Capital and Ideology.” Indie bookstore Powell’s in Portland, Oregon couldn’t guarantee that the order would be processed until seven to 14 days.

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The 2023 GonzoBanker Awards

Gonzobanker

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. They should have been investing in fintech growth businesses and they had the capital to do it.” Expect more deals to be announced in 2024.

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Frugal Consumers Buying More Off-Brand, Off-Price Products

PYMNTS

“As fewer consumers believe that a national brand name absolutely signifies ‘top quality,’ more and more supermarkets and other food product distributors are understanding that they can capitalize on a better profit margin by leveraging their own generic brand to look like a national brand,” DePaul Industries, a Portland, Oregon-based outsourcing organization (..)

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CFPB announces new appointments to advisory groups

CFPB Monitor

Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Amy Nelson, Chief Executive Officer, Point West Credit Union, Portland, OR. Lisa Servon, Professor, The New School, New York University, New York, NY. Ian Ayres, William K.

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

Take the example of MetroMile based in Portland. Now Metromile is not an insurance carrier and the actual insurance is provided by National General Insurance Company. Their minimal capital requirement for operating was around USD 45M ( [link] ). A new carrier? Alternative to carriers? Creating a new insurer is expensive.

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46 Corporations Working On Autonomous Vehicles

CB Insights

In late 2016, it created a new Autonomous Driving Group (ADG) and committed $250M to auto tech investments through its Intel Capital arm. Daimler showcased the trucks, which can make an emergency stop while loaded to 78,000 GVW (gross vehicle weight), at the Portland International Raceway in June 2018. acquisition of Mobileye.

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