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Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into Amazon, Flipkart On Hold

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In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Puerto Rico Falls Prey To $4M Online Fraud. Also, Flywire raised $120 million and acquired Simplee Healthcare.

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Off The Continent And Into Puerto Rico For Online SMB Lending

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In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Verticals within the SMB realm that may be receptive to online lending, he said, include manufacturing and retail.

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Adult Sneakers Drive Shoe Carnival’s Record Q3 Sales

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Our disciplined focus on financial flexibility and the strength of our business model continue to fuel our market-leading performance notwithstanding the ongoing disruption caused by the global pandemic,” Sifford added. and Puerto Rico, the shoe retailer is planning four new locations.

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Staples To Debut New Store Format With Coworking, Podcasting

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Retail, said per the announcement, “We recognize that the way people shop is changing, and with the launch of Staples Connect, we are adapting to fit the needs of our customers.” The store also houses the Staples Studio coworking concept that the retailer has been launching in some Massachusetts locations, as well as three Canadian locations.

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NEN Widens USAT Partnership For Cashless Payments Growth

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Headquartered in Broomfield, Colorado, NEN is a front-end retail and entertainment vending company operating more than 50,000 amusement devices. The company has skill cranes, kiddie rides and video game kiosks in over 18,000 retail and restaurant locations in the U.S. and Puerto Rico.

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CVS Health On Track To Rehab Over 1,000 Stores

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With CVS Health on the path to meeting its goal of revamping more than 1,000 of its stores, the health retailer is reportedly seeing positive early results. CVS rolled out three HealthHUB concept stores in Texas close to the conclusion of 2018 and grew the offering to 50 locations in four markets by the end of last year.

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Retail Pulse: Stein Mart Plans Amazon Locker Rollout; Dressbarn Stores To Close

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Brick-and-mortar retailers are joining forces with Amazon in moves that could help bring shoppers into their stores: Stein Mart , for instance, announced this week that it plans to roll out Amazon Hub Lockers at stores in 28 states. Ascena Retail Group is planning to shutter approximately 650 Dressbarn locations. From Next in the U.K.

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