News

Payments Innovation
Kroger Rolls Out Contactless Payment Option With Kroger Pay
April 29, 2020

With a new feature that takes away the need to use a debit or credit card, Kroger has rolled out its Kroger Pay contactless payment option. The function lets shoppers connect their payment information to their loyalty account at the grocery chain via an app...

Retail
Digital Retail Shift Faces Growing Pains
April 29, 2020

Now that the digital shift is well underway, the attention turns to keeping the momentum going. New developments are focusing on supply chain, government activity and infrastructure to improve the customer experience as post-pandemic retail finds its legs. Get the Full Story Complete the form...

Retail
Simon Properties To Reopen High-Profile Malls
April 29, 2020

Will shoppers return to the mall? That question is about to be answered as the country’s largest mall owner and developer is ready to reopen its doors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Reopening Faces Its Next Challenge: Retail Marketing
April 29, 2020

There’s no podcast, textbook or self-help guru that has a playbook on marketing a retail business after a pandemic. But while reopening is the order of the day, re-marketing will be the order of 2020 as retailers try to transcend simple survival and get back...

Partnerships / Acquisitions
Santander Seals $453M Deal For UK-Based FinTech Ebury
April 29, 2020

Banco Santander has officially acquired a 50.1 percent stake in Ebury, a payments platform that has been growing at a brisk pace, for $453 million (£350 million). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Blue Apron Sees Higher Demand Because Of The Coronavirus
April 29, 2020

Amid reaccelerated marketing efforts, Blue Apron saw net revenue rise 8 percent and customers increase 7 percent sequentially from Q4 2019. The meal kit company reported that it has experienced a sizable rise in demand with different stay-at-home orders, restaurant restriction orders and other limitations “subsequent...

Retail
Retailers Seek Pandemic Relief Measures In Their Leases
April 29, 2020

To include pandemic escape clauses and further mitigation, certain retail renters are seeking to recast their leases. Many retail leases restrict the occupant from seeking an abatement due to interruption or “force majeure” clauses, but counsel for renters indicate they are pushing to have these...

Artificial Intelligence
Banks Aim AI At Credit Risk, Payments Services
April 29, 2020

Of the seemingly inexhaustible uses of artificial intelligence (AI) in the financial sector, its applications around managing credit risk and optimizing payment services are among the most promising. The proliferation of “smart agents” that handle these tasks is a glimpse of more innovation to come,...

Payment Methods
Mobile Remote Payments Are Tailor-Made For Post-Pandemic Business
April 29, 2020

The two-decade-long trot toward digitization has turned into an all-out wind sprint, propelled by a global pandemic. As the lockdown fog lifts and transmission fears slowly dissipate, reopening businesses will encounter change, especially with regard to consumer payments. Get the Full Story Complete the form...