article thumbnail

60% of U.S. Bank Transactions Are Digital, COO Says

Bank Innovation

Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. But that doesn’t mean the Minneapolis-based bank is giving up on branches. Financial Services Conference this week. It has around 3,000 branches and 80% of its sales activity still takes place there Read More.

article thumbnail

With Curfews Descending, Uber And Others Suspend Services

PYMNTS

With curfews descending on some American cities due to violent clashes between law enforcement and protesters, Uber , Lyft and DoorDash have ceased operations during the curfew hours, CNBC reports. The protests have broken out in response to the killing of George Floyd, an unarmed black man, by a police officer in Minneapolis last week.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Huntington Teams With TCF Financial In $22 Billion Bank Merger

PYMNTS

The newly-combined company will operate under the Huntington name and brand. This partnership will provide us the opportunity for deeper investments in our communities, more jobs in Detroit, an increased commitment in Minneapolis and a better experience for our customers,” Torgow said.

Detroit 237
article thumbnail

BNPL Sezzle Raises $55M

PYMNTS

Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. The money came from a fully underwritten placement, the release states, and the firm was supported by existing and new CHESS Depositary Interest (CDI) holders.

article thumbnail

US Chamber Warns Of Virus Lawsuits In Businesses Reopening

PYMNTS

The chamber’s letter addressed a number of other concerns about the eventual reopening, cautioning that businesses will need extra financial aid if social distancing rules prevent them from operating at full capacity, and that testing and health screenings will need to be more widely available to prevent more virus outbreaks in the future.

article thumbnail

Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. 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.

Mobile 168
article thumbnail

Amazon Announces Next Whole Foods Delivery Expansion

PYMNTS

Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Consumers in Chicago, Houston, Minneapolis and San Antonio will also be able to choose from a selection of alcoholic beverages.