With eCommerce often proving the most convenient option for the practical elements of shopping, consumers are demanding brick-and-mortar retailers provide them with an experience they cannot get online. Foot Locker on Wednesday (April 24) announced its new “store of the future” in Wayne, New Jersey,...
Nuvo has added business credit reports and business principal credit reports from Equifax to its trade credit management platform for B2B sellers. This addition will streamline customer onboarding, underwriting and credit approval processes for businesses that extend trade credit, the companies said in a Wednesday...
Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than ever before — particularly given the shifting dynamics and challenges of the contemporary macro operating environment, where courageous and agile...
Inflation, inflation and inflation. The drum beat has defined the past year in the financial services business and reached a crescendo in the first quarter. But, according to payments orchestration solution provider Spreedly, which sees $50 billion in gross transaction volumes on its platform, a successful payments strategy can meet consumers where they are, as companies...
The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank. The regulator is approaching potential buyers and seeking bids for the bank, which has traded at a market value of less...
Today’s customers of the FinTech industry are no longer asking just for ways to accept online payments; they’re asking for “software-defined financial services.” So said Stripe co-founders Patrick Collison and John Collison Wednesday (April 24) during the opening keynote of the company’s annual user conference held in San Francisco. While they...
An integral aspect of the retail cycle, returns have surged in recent years with the growth of online channels. However, accompanying this increase in returns is a concerning trend: the escalation of returns fraud and policy abuse. According to a report by the National Retail Federation (NRF), retailers encountered...
Investors reportedly expect increased competition in the grocery sector after Amazon’s announcement Tuesday (April 23) of a new grocery delivery subscription benefit. Walmart and Kroger shares declined 1.8% and 2.3%, respectively, Tuesday, in moves that UBS analyst Michael Lasser said showed that investors interpret Amazon’s announcement as a sign of greater competition, Seeking...
Uber for Business has designed a new tool to make it easier for executive assistants (EAs) to arrange corporate travel. The company’s new delegate profiles enable EAs to manage ground transportation for executives on their behalf, Uber for Business said in a Wednesday (April 24) press release. With...
