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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?

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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.

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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.

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Ant Financial Acquires Minority Stake In Klarna

PYMNTS

Klarna, Europe’s most valuable FinTech, was founded in 2005 and has financial backers that include the rapper Snoop Dogg, who is also part of the company’s marketing. Other investors include venture capital firm Sequoia Capital and Australia’s biggest bank, Commonwealth Bank of Australia.

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Klarna’s Value Hits $10B With Latest Investment Round

PYMNTS

Founded in 2005, Klarna has previously stated that the U.S. Klarna offers a buy now, pay later (BNPL) online shopping service through which consumers make purchases from retailers in Klarna’s network without an upfront payment. The new round of funding values Klarna at a hefty $10 billion, Reuters reports , citing three sources.

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Marc Lore Retiring From Walmart To Create City Of The Future

PYMNTS

15), Lore said his dream pursuit is to create “a city of the future” built on a framework that envisions “a reformed version of capitalism.”. Lore joined Walmart after selling his startup Jet.com to the retail giant for $3 billion in 2016. In an interview with Recode on Friday (Jan. He officially leaves his post on Jan.

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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.