PYMNTS

article thumbnail

Today In Retail: CarLotz Looks To Launch Hub Network; Build-A-Bear Anticipates eCommerce Jump

PYMNTS

In today’s top retail news, CarLotz, Inc. unveiled plans to launch a nationwide hub network, while Build-A-Bear Workshop, Inc. anticipates a jump in eCommerce demand for fiscal 2020 fourth quarter in comparison to the fiscal 2019 fourth quarter. Plus, retail rents have fallen to historic lows in the Big Apple amid the coronavirus pandemic. CarLotz Plans Rollout Of US Hub Network.

Retail 131
article thumbnail

Today In B2B: SBA Releases New PPP Loan Guidance; xSuite Secures Peppol Certification

PYMNTS

Today in B2B payments, the SBA releases guidance for the next round of PPP loans, while xSuite secures Peppol invoice certification. Plus, TripActions announces ERP integrations, FortisPay acquires Swype and Goldiam launches a B2B eCommerce platform in the U.S. SBA Unveils Guidance for Second Round of PPP Loans. The Small Business Administration (SBA) has released guidance on applying for the second round of loans being offered under the Paycheck Protection Program (PPP), which has been a lifeli

Security 139
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Verizon Speeds Ahead With 5G Ultra At CES

PYMNTS

If it feels like the rollout of 5G – or 5th generation – super high-speed wireless service has been in the works forever, you’re probably right, given that it was officially launched in 2019. While the four major cell phone service companies are still racing to make 5G available to more users in more cities, only about 12 percent of global smartphone device shipments enable access to the latest tech, and most of that total is in China.

article thumbnail

Rebranded Citizens Pay Expands POS Merchant Services

PYMNTS

Providence, Rhode Island-based Citizens Financial Group is advancing the reach of its national point-of-sale (POS) offering for merchants, renaming it Citizens Pay, the company announced Monday (Jan. 11). . “Our platform has demonstrated the ability to drive impressive sales growth with a best-in-class customer experience,” Andrew Rostami, president of Citizens Pay, said in a press release.

article thumbnail

NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 billion. “The acquisition of Cardtronics will accelerate and expand the NCR-as-a-service strategy that we outlined at our Investor Day last month,” NCR President and Chief Executive Officer Michael Hayford said in a Monday (Jan. 11) press release. .

ATM 172
article thumbnail

Blockchain Unchained: Paxos CEO Sees Expanded Role For Token-Based Digital Assets

PYMNTS

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. Whether it's crypto, cash, gold, diamonds, stocks or even cows, Paxos Founder and CEO Charles Cascarilla said the financial world is undergoing an adoption curve.

article thumbnail

NEW DATA: Discounts Can Help Merchants Reduce Holiday Returns

PYMNTS

The holiday season offered a much-needed windfall for some retailers. Many merchants were struggling to stay afloat since March 2020 when the pandemic began and welcomed any boost that holiday sales could provide. The trouble is that many of their holiday gains could be at risk. Two out of three consumers who made purchases during the 2020 holiday season say they have already returned or are planning to return at least one of those purchases, potentially taking a bite out of retailers’ holiday r

Data 167