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Krispy Kreme Close To Acquiring Insomnia Cookies

PYMNTS

At the time, Peter Harf, a JAB senior partner, noted that the deal “is yet another example of our commitment to investing in extraordinary brands with significant growth prospects.”. Founded in 2003 by a University of Pennsylvania student, Insomnia Cookies’ stores stay open and deliver until 3:00 a.m.

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases. Innovation by Any Other Name. Surcharging has been permitted Down Under since 2003. And it will be a lot more than just 10 cents.

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COVID-19 And The Medical Commerce Boom

PYMNTS

As of last week — which saw the S&P 500 lose over $1 trillion in a day and the stock market across the board suffer its worst week since the dawn of the Great Recession in 2008 — concern is emerging that COVID-19 might just tip off a worldwide recession. And then there are the jerks.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

The Sad State of Corporate Innovation. See how corporates are failing when it comes to innovation. Download the free 31-page State of Innovation report. While Google excelled in building software, it lagged behind in hardware and product innovation. Microsoft and Nokia. Date: April 25, 2014. Price: $7.9B. Price: $6.3B.

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The Coming Clash Of The Commerce Titans

PYMNTS

True or false: Thanks to mobile devices and apps, American consumers spend more time today shopping than they did in 2003. In 2003, the Bureau of Labor Statistics reported that American consumers spent roughly 48 minutes a day shopping offline and online. You get the picture – it was an all physical world, all the time.

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SafetyPay Launches in Belgium

Fintech Labs Insights

“Our main goal is to make SafetyPay well known to the market. Brand perception is an intelligent sales technique for pitching to merchants, who play such a key role in the process,” said Gustavo Ruiz Moya, SafetyPay CEO. Founded in 2003, SafetyPay’s sales have grown 5X over the past three years.

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Who’ll Be The ‘Netflix’ Of Payments?

PYMNTS

Blockbuster filed for bankruptcy in 2010 with a market cap of $12 million, down from $4 billion just a decade before in 2002 — the year that Netflix IPO’d. Before it entered the market, Netflix spent a lot of time researching the customer that it wanted to better serve. By June 2003, DVD rentals overtook VHS rentals.

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