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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

By a strict look at the macro numbers, Target still pales in comparison. As online sales surge during the pandemic, the retailer plans to test a new concept at four stores that will β€œoperate as both physical shopping destinations and online fulfillment centers,” the company stated. β€œIn paycheck.

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Klarna Acquires PriceRunner, A Shopping Price Comparison Service, As It Pushes Further Into BNPL

CB Insights

Klarna , a payment solutions provider, has acquired PriceRunner , a shopping price comparison platform, for $124.4M. PriceRunner: Sweden-based PriceRunner is a platform that allows online shoppers to compare prices and read reviews on millions of products from a single location. The transaction is expected to close in Q1’22.

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Scalability in Banking and Digital Transformation Example

South State Correspondent

There is a myriad of manual processes that take place everyday in banking driving up unit economics and causing the average bank to operate with a 77+% efficiency ratio. To be competitive in the future, banks need to be operating at an efficiency ratio of below 40%. return on asset figure. This is an example of scalability in banking.

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Postmates Raises $100M As Online Food Delivery Heats Up

PYMNTS

But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and toward restaurant operators in order to thrive in a crowded marketplace. Meanwhile, the eCommerce operator and logistics heavyweight continues investing in its delivery fleet.

Online 176
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Why Two-Thirds Of SMBs Find Themselves Dissatisfied With Online Lenders

PYMNTS

As diverse as they may be, they share a few common characteristics: an automated online application process, the use of proprietary algorithms to determine creditworthiness and a focus on speed and inclusivity. On that score, online lenders have been successful, according to a just-released study from the Cleveland Federal Reserve.

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Fed: Two-Thirds Of SMBs Say They Are Dissatisfied With Online Lenders

PYMNTS

As diverse as they may be, they share a few common characteristics: an automated online application process, the use of proprietary algorithms to determine creditworthiness and a focus on speed and inclusivity. On that score, online lenders have been successful, according to a just-released study from the Cleveland Federal Reserve.

Online 132
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Drizly To Test Online Orders, Store Pickup

PYMNTS

Drizly, the alcohol delivery platform startup, is testing the ability for customers to buy online and pick up their spirits in a store. Drizly isn’t a company that operates its own stores, but rather it works with liquor stores in 27 markets around the United States that give Drizly their inventory and pricing lists.

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