The investigations into recent bank failures are just beginning. President Joe Biden released a statement Friday (March 17) calling on Congress to impose tougher penalties on senior bank executives whose mismanagement contributed to their institutions failing, saying this would strengthen accountability and deter mismanagement in the future....
This week in grocery, DoorDash adds merchants, and Co-op taps delivery robotics and retailers automate inventory. DoorDash, the United States’ leading aggregator, has been leveraging grocery to attract more customers. On Tuesday (March 14), the company announced that it is partnering with Seattle food co-op PCC Community...
Free shipping can be key to securing customer loyalty, but grocers struggle with the cost. The Context Shipping perishable foods and/or delivering them via courier can be extremely costly. As such, though grocers know that free shipping can be a powerful draw, many have determined...
House Financial Services Committee Chairman Patrick McHenry is among those welcoming banks’ support of First Republic Bank. The congressman said in a Thursday (March 16) press release that the announcement by 11 banks that they will make deposits at First Republic to boost its liquidity...
Residents and citizens of the United Arab Emirates (UAE) can now use a paperless direct debit marketplace. The UAE Central Bank has approved the launch of the marketplace developed by Direct Debit System, enabling payers and merchants to use it to make recurring monthly payments...
As self-checkout evolves, point-of-sale tech startup Grabango maintains all future shopping will be autonomous. In an interview with PYMNTS, the company’s Chief Revenue Officer Andy Radlow said that autonomous technology would eventually replace all other forms of checkout, self-service or otherwise. “Self-checkout has been around for over 20...
PXP Financial is now collaborating with Mastercard and Payall to facilitate cross-border payments. This collaboration brings together Mastercard’s global technology, Payall’s payments infrastructure and PXP Financial’s acquiring and payment processing services, the companies said in a Friday (March 17) press release. “By leveraging Payall’s proprietary compliance tech and Mastercard’s innovation moving...
A United Kingdom regulator has cautioned payments firms that it expects their controls to be “sufficiently robust.” The Financial Conduct Authority (FCA) sent a letter to such firms on Thursday (March 16), saying they should ensure their customers’ money is safe, that their firm does...
Retailers from major grocers to discount chains are growing their private-label offerings, courting shopper loyalty. Grocery giant Albertsons Companies, for its part, announced Thursday (March 16) the relaunch of its Open Nature brand of health-focused foods with 12 new products targeting various dietary needs and...