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Last Major US Video Rental Chain Is Closing All Brick-And-Mortar Stores

PYMNTS

on its brick-and-mortar operation. Family Video , which operates some 200 stores in 17 Midwest and Southern states, announced this week that it’s closing all physical locations after four decades in the business. Industry leader Blockbuster Video went from a peak of more than 9,000 stores in 2004 to filing for bankruptcy in 2010.

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Data Enablers: Triad Tailors Ad Experience

PYMNTS

The experts at Triad Retail Media are there to make sure that happens. Triad customizes and manages digital media programs to transform busy websites like Walmart.com into publishing properties that benefit the advertising brands, host retailers, and shoppers who use them with a perfectly calibrated pitch.

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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

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Singapore Enterprise Buys TGI Friday’s; Capgemini Acquires Altran 

PYMNTS

Universal Success operates Outback Steakhouse restaurants in Southeast Asia, including Malaysia, Singapore and the Philippines. Universal Success Enterprises was founded by Prasoon Mukherjee in 2000 and started investing in India in 2004 with the creation of Kolkata West International City, a 377-acre township in Howrah.

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South Korean Starbucks Accepts Alipay For Tourists

PYMNTS

Owned and operated by Ant Financial Services Group, Alipay is the world’s largest online and mobile payment platform. Launched in 2004, Alipay currently boasts more than 520 million active registered users. Alipay was introduced in South Korea in 2015, and is now available at various merchants around the country.

Mobile 101
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Cashing In On Returns: Marketplaces Reinvent Inventory Liquidation

PYMNTS

Those unwanted products, in turn, can create headaches for retailers — and a business opportunity for the so-called secondary market. Retailer overstocks and excess inventory help to drive B-Stock, which facilitates the sale of some 70 million items each year via online auctions of various product categories and types.

Retail 101
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Uber of X: greenRush is The Uber of Cannabis

PYMNTS

Not until 2004 did cannabis become legal for non-medical use in certain areas of the country. One of their biggest ventures was an online platform aggregating New Years Eve parties across the globe. Their menus are out of date, and they rarely provide seamless user verification, online ordering and tracking functionality.

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