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Supermarkets Hoard Staples For Holidays, COVID Resurgence

PYMNTS

Anthony Hucker, CEO of Southeastern Grocers , a Jacksonville, Florida-based supermarket chain, told WSJ he placed orders for holiday hams and turkeys in June, July and August long before he typically does. We will never again operate our business as unprepared for something like this,” he said.

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Off-Price Retailer Stein Mart Files For Chapter 11

PYMNTS

Off-price specialty retailer Stein Mart, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division amid a challenging retail climate and the pandemic, the company said in a statement. In July, Ascena Retail Group, Inc.

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FIS to Help Stand Up Digital-Only Banks Within 90 Days

Bank Innovation

The Jacksonville, Fla.-based Fintech provider FIS aims to help financial institutions lacking the in-house firepower to launch their own direct-to-consumer digital-only banks to do so in just 90 days.

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How The Pandemic Made QR Codes Sizzle

PYMNTS

Only about half of those who said in March that they would return to physical retail after COVID-19 were still planning to stick with brick-and-mortar shopping. Jonker said the beauty of QR codes is that they offer a contactless payment that’s not completely bound to a structured retail environment.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world.

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5 questions with … EverBank COO Lindsay Lawrence

BankInovation

EverBank is selecting third-party vendors and updating manual processes throughout the bank, according to Lindsay Lawrence, executive vice president and chief operating officer. “We’re cramming about five years of change in two years,” Lawrence told Bank Automation News. The nearly $40 billion, Jacksonville, Fla.-based

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Lowe’s Now Offers Prepaid Credit Cards For Construction Crews

PYMNTS

Lowe’s new service is built on the BizNow platform, which Jacksonville, Fla.-based based FIS launched early last year for financial institutions looking to extend services to small businesses, but the program also appeals to retailers, said Tracy Kirkland, vice president of Prepaid Product Development at FIS.

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