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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

San Jose 261
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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

PYMNTS

Austin residents officially went online with Amazon Fresh this week, meaning Amazon Prime members can get free two-hour grocery delivery on orders of $35 or more and one-hour delivery for $4.99. Big News of the Week: The Central Operations Restructuring. New Chief Operating Officer Dacona Smith will oversee store operations.

Austin 131
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Foot In Mouth: 43 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

Perhaps the most glaring example of the tendency to dismiss innovative new players was when Apple’s iPhone hit the market in 2007. Innovation Summit: (N+1) Trends. PillPack allows users to buy medications online in pre-made doses. ” Innovation Summit: (N+1) Trends. The iPhone and iPod. We have ‘I’.

Bitcoin 78
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Digital laggards – Many big-box retailers either failed or were too late to establish an online presence. In 2017 to date, we have seen 21 bankruptcies.

Retail 78
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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

12), the House Judiciary Antitrust Subcommittee will hold a hearing on issues top of mind in the digital realm — touching on how data and privacy affect competition online, and specifically, for online marketplaces. This Thursday (Sept. The witness list is varied and international in scope. At this writing (Sunday, Sept. The Hearing.

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The Roil Over B2B Payments Rails

PYMNTS

B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Omaha, Nebraska — Buffet’s birthplace — was the home of the First Transcontinental Railroad , which made railroads an important part of the Omaha economy. Today, a host of innovators are making B2B payments rails sexy again too.

Payments 192