After months of strategy adjustments, loan defaults and shifts in market exposure, Funding Circle’s SME Income Fund is set to close, sending shares down for the alternative lending company Friday (April 5). Get the Full Story Complete the form to unlock this article and enjoy...
Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In 1910, Albert Roye installed a glass-cutting machine in a small shed behind his home in Susquehanna, Pennsylvania and founded what he dubbed the Susquehanna Glass Factory. Two years later, his brother Walter joined the family business, which was still located in a shed. After...
Entrepreneurs are creating alternatives to noisy or crowded spaces where consumers can work or relax after checking in with mobile apps. Take 3DEN, which is located at New York City’s Hudson Yards development. Its founder sees the space as an aggregate of a coffee shop,...
Iconic American retailers that have been around more than 100 years are creating new concepts for the new era of retail. Sears, in one case, plans to open three Home & Life brick-and-mortar stores in the U.S. just ahead of the busy shopping holiday of...
To provide medications to customers in a matter of hours, CVS Pharmacy is rolling out same-day prescription deliveries. Shoppers can access the offering at 6,000 pharmacy locations with the help of Shipt, Chain Store Age reported. The feature comes along with a one- to two-day...
The world of retail was a simpler place in the year 1900. According to Bureau of Labor Statistics (BLS) “100 Years of U.S. Consumer Spending,” the average U.S. household earned about $750 a year (or about $21,000 a year adjusted for inflation). With small reserves of cash,...
Electronic procurement and B2B eCommerce solutions provider BuyerQuest is joining the Tradeshift App platform, allowing Tradeshift users to access BuyerQuest’s offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Adoption of electronic procurement, online B2B commerce and digital invoices are all on the rise, yet just because a company uses an online platform to sell or procure goods does not mean the actual payment for those goods will be digital, too. Get the Full...
