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Why The Biggest US Retailer Will Stick To Stamps

PYMNTS

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169
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Zopa Secures UK Banking License

PYMNTS

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based million) to become a challenger bank.

Security 215
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How the Mastercard/Visa Settlement with Retailers Could Remake the Payments Business

The Financial Brand

This article How the Mastercard/Visa Settlement with Retailers Could Remake the Payments Business appeared first on The Financial Brand. Settlement of a lawsuit that began in 2005 will shift the balance of power in how consumers pay merchants.

Retail 32
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Why Search And Logistics Will Shape The Future Of Retail Payments

PYMNTS

The two most powerful forces shaping the future of retail payments have nothing to do with payments at all. It’s a world in which new retail models and new places to shop have emerged to satisfy that need, blending the online and offline worlds in ways that benefit the digital and marginalize the physical – at least as it operates today.

Retail 196
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Zopa P2P Lender To Land 12th-Hour Investment To Become Bank

PYMNTS

A source told the Financial Times that Zopa will receive the funds from an entity linked to IAG Capital Partners, a U.S.-based Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. based fund, and its U.K. investment vehicle Silverstripe. since its inception.

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Consumer Credit Update for 2Q 2023

South State Correspondent

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. Consumer Credit – Mortgage & HELOC Originations are down to the lowest level since 2005. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars.

Trends 195
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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

It’s hardly competing with Amazon yet, but Target has shown more digital momentum than any major retailer during the pandemic. As online sales surge during the pandemic, the retailer plans to test a new concept at four stores that will “operate as both physical shopping destinations and online fulfillment centers,” the company stated. “In