Several regional banks ended the first quarter with stable deposits. Their reports of flat deposits came after a quarter in which the collapses of three banks led investors to closely watch the deposit flows at other smaller banks, Bloomberg reported Thursday (April 20). Deposits were...
Business credit card issuers are working with major retailers online and in-store to capture and add value to business spend with flexibility and rewards aligned for business users. The latest development along these lines is healthcare spend management platform Nitra offering doctors who use its card for...
This week in grocery, H-E-B adds convenience stores, Giant Eagle revisits mailers and Kroger accepts SNAP. As grocers look to drive up frequency, many are adding shrunk-down c-store concepts. Most recently, Texas supermarket chain H-E-B, which has more than 430 locations in Texas and Mexico,...
Contactless cards have long been at the center of the U.K.’s payments ecosystem, but now, digital wallets are quickly entering the mix. There is also a simultaneous shift from contactless credit to contactless debit cards. It all plays into payment choice, which is critical. Exploring...
Triple and Banyan have partnered to enable item-level card-linked offers. With this collaboration, Triple’s card-linked offer platform will integrate Banyan’s stock keeping unit (SKU) data capabilities, the companies said in a Thursday (April 20) press release. This combination will allow banks and retailers using Triple’s...
At this point, the lack of product selection amid an inflationary environment has a chicken-and-egg feel to it. As reported earlier this month by The Wall Street Journal, merchants and manufacturers across nearly all retail sectors have hit the brakes on new product lines and...
As the tech world undertakes layoffs, MercadoLibre is in hiring mode. The Latin American eCommerce giant plans to add 13,000 jobs this year, Chief People Officer Sebastian Fernandez Silva said in an interview with Bloomberg News Thursday (April 20). The hiring will focus on logistics...
Vesey Ventures has launched a $78 million debut fund focused on early-stage FinTech companies. The new venture firm was founded by three former managing directors at Amex Ventures: Dana Eli-Lorch, Lindsay Fitzgerald and Julia Huang, Vesey Ventures said in a press release emailed to PYMNTS....
In an effort to drive customer frequency by lowering costs, aggregators are testing robotic delivery. Uber, for its part, announced Thursday (April 20) that it is expanding its partnership with sidewalk delivery robotics company Cartken to offer autonomous fulfillment in Fairfax, Virginia’s Mosaic District shopping...
