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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?

Retail 169
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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. But it plans to avoid the interest-free introductory deals common among the nation’s credit card market.

Security 215
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UK Watchdog Investigates Klarna Over Email Fiasco

PYMNTS

Information Commissioner's Office ( ICO ) is launching a probe against Sweden’s buy now, pay later (BNPL) startup Klarna over complaints about a recent email marketing campaign, according to a Thursday (Oct. Klarna's checkout technology is a product some retailers use to process payments on their website. 15) BBC report.

Retail 159
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Klarna Pushes Into Rewards Space With ?Vibe?

PYMNTS

Klarna is initially launching the no-fee rewards program in the United States in June, with plans to roll out Vibe over the next year in the company’s other key markets, which include Germany, Australia, Sweden and the United Kingdom, the company said in a press release. with 3,000 employees in 17 countries.

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Will customers tell Barclays to frack off?

Chris Skinner

America’s biggest banks haven’t seen much change to their market share in the last decade, and UK banks have just been getting bigger. That grew to 70% and, excluding the impact of mergers and acquisitions, the four largest banks have lost less than 5% market share since 2005. appeared first on Chris Skinner's blog.

Metro 184
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Klarna Debuts Social Shopping In The UK

PYMNTS

Despite the shifting retail landscape, consumers are still looking for inspiration, convenience and value — and it’s become obvious that shopping online now goes far beyond just a transaction,” said CEO Sebastian Siemiatkowski in a statement. Founded in 2005, Klarna said it now has a valuation of $5.5

Samsung 189
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Consumer Credit Update for 2Q 2023

South State Correspondent

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. 1,000+ payments now are 15% of the market which is also a new development.

Trends 195