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How The Gap Hopes To Capture Consumers With A More Open Take On Loyalty

PYMNTS

For those who carry either the branded Gap card, or the Gap Mastercard (or anyone who has ever been part of a retail rewards program), the offerings are fairly familiar. Shoppers who use their Gap card get a discount (10 percent off in-store and online), accrue points and enjoy perks like free shipping, exclusive offers and events.

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As P2P Payments Grow, More Consumer Groups Get Into The Mix

PYMNTS

It is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. The cash back will be deposited straight into users’ Venmo accounts, from where it can be used to pay friends in the app, buy things using the card or pay merchants that accept Venmo.

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Boxed And Costco Have Their Roots In A 1970s New Jersey A&P Store

PYMNTS

In the 1970s, the venerable The Great Atlantic & Pacific Tea Company (A&P) was losing market share. To try to increase its market share, A&P came up with a novel way to sell groceries: It decided to sell its most popular items in their original wholesale bulk packaging — for a much cheaper price.

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12 Ways Consumers Will Pay (And Be Paid) In 2020

PYMNTS

The company has an option to transfer money to the bank without a debit card for the same fee. The How We Will Pay study found that bridge millennials — a highly educated consumer segment that tends to earn relatively high incomes — own an average of six connected devices. Venmo also offers an example of P2P expansion. Now, more U.S.

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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Brick-and-mortar retail will forever remember the day that Nintendo released PokĂ©mon GO , a mobile game that has caused millions of millennials to suddenly discover outside again. However, some retailers prefer to play cards of the kind as close to the corporate chest as possible. ” Layoffs.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

Alt-lender targeting millennials . Stock market charting tools. Tags: SMB, merchants, payments, acquiring, credit/debit cards. Source: Crunchbase. Latest round: $5.6 million Series A. Total raised: $305.6 million (unknown mix of Debt/Equity). HQ: California. Source: Crunchbase , WSJ. P2Binvestor. Latest round: $4.5 Tradesocio.

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Goes to the always-sharp Mitch Feiger and the team at MB Financial for the bank’s sale to Fifth Third at a 24% premium to market price in May.

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