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Private Label Retail Credit Card Delinquencies At Highest Rate Since 2011

PYMNTS

The severe delinquency rate on private label retail credit cards jumped 57 basis points from March of last year and stands at 4.65 percent, according to Equifax ’s latest National Consumer Credit Trends Report. Currently, they are at their highest level since the early part of 2011. billion are up 0.8 billion are up 0.8

Retail 101
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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it.

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India Brings Charges In Punjab National Bank Fraud Case

PYMNTS

The Central Bureau of Investigation (CBI), India’s main investigative agency in the country, has filed charges in the Punjab National Bank fraud case against Nirav Modi, the jewelry retail owner, and his uncle Mehul Choksi, as well as senior executives at the state-run lender.

Fraud 100
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US Retail Sales See February Slump

PYMNTS

Commerce Department posted the lowest growth in retail sales seen in the past six months on Wednesday (March 15). percent in the second month of 2017, while only four of the 13 major retail categories included in the department’s numbers saw growth during the month of February. from nonstore retailers ) rose considerably, up 1.2

Retail 100
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Industry Slant // Bo Berg Talks Giant Schnauzers, DJing, Financial Services

Perficient

I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: You played a variety of roles at City National Bank. I touch a variety of sub-industries, including retail banking, commercial banking, and payments.

Industry 539
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Dollar Shave Club Names New Chief Executive Officer

PYMNTS

Michael Dubin , who started the brand in 2011, previously told the board of his decision to leave his chief executive position and will stay with the firm as a board member and special advisor. I'm absolutely thrilled to pass the torch to Jason [Goldberger]. billion consumers daily.

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Retailers Want Fed To Revisit Debit Swipe Fees

PYMNTS

The final rule also allowed another 1 cent for fraud prevention in most cases – which (since it went into effect in 2011) has basically set debit interchange to a maximum of 24 cents per transaction. Pre-2011, debit card interchange fees averaged in the 44 cent range. That resulted in a big decline.

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