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FEBRUARY 10, 2017

After a subpar holiday shopping season, research firm Moody’s announced that it had revised down its forecast for the sector’s operating income. In its new report, the rating agency said it now expects aggregate department store operating income to have declined 18 percent in 2016 as opposed to the originally estimated decline of 11 percent.

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MARCH 9, 2018

operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans. Overseas operations are also hampered, reports have noted, with the company’s U.K.

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JULY 25, 2017

Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. In 2016, online financial fraud hit 15.4

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PYMNTS

JANUARY 16, 2019

Bebe, eCommerce, online store, loyalty program, clubbebe, website, online shopping, women’s fashion, women’s clothing, retail, news. The retailer bebe has launched a new online store and an enhanced customer loyalty program, partnering with Branded Online on both projects.

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PYMNTS

NOVEMBER 28, 2018

According to a report in The Hacker News , the fake clicks were used to trick online advertisers for years and make tens of millions of dollars as a result. According to the report, 3ve (pronounced “Eve”), which is what the group called its online ad fraud campaign, was active since 2014 but could have been around for longer.

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PYMNTS

FEBRUARY 5, 2019

5), details emerged about the success and failure of the new online sports betting regime in the U.S. million worth of wages with legal New Jersey sportsbook operators, but that gambling operators lost $4.6 A clear picture of online gambling spend, losses and trends is yet to emerge, but some general data points provide detail.

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JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

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CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

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JANUARY 9, 2018

Target is reporting strong in-store and online holiday sales, according to The Wall Street Journal. Economists predicted 2017 could be one of the best holiday seasons since 2011, largely because of low unemployment rates and rising wages. Same-store sales for locations that had been in operation for at least a year saw a 3.4

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PYMNTS

MARCH 24, 2017

But this could all start to see some change in the latter half of 2017 indicates a recent report from Moody’s Investor Service. Last year, Moody’s found that grocery stores’ operating profits declined about 5 percent due to a 1.3 Even with all the talk of digital usurpation, online sales make up a notably small fraction of the U.S.

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JUNE 25, 2019

Walmart will now accept SNAP (Supplemental Nutrition Assistance Program) to pay for online grocery orders at all of its pickup locations, according to a report. Walmart started testing the program in 2017. Walmart has been adamant about the need to cater to low-income customers, saying that online shopping is not a luxury.

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PYMNTS

APRIL 11, 2019

As online food delivery services proliferate amid the battle for customer loyalty, and as grocery and related stores strive to gain more digital footholds, the online sale of alcohol is growing and becoming a bigger part of all those plans. Online food delivery is in the midst of what might one day be called a golden age.

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PYMNTS

OCTOBER 7, 2019

Walmart bought Bonobos for $310 million in 2017. It started online and soon added stores where people could go and try on clothes and then place orders for them to be delivered. In 2017, the retail giant bought ModCloth and Moosejaw, and outdoor retail company. The decision for the layoffs came from Bonobos, she said.

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Chris Skinner

JUNE 25, 2017

After my blog yesterday, about banks having to move from being control freaks in a proprietary operation building everything to becoming collaborative partners in an open marketplace curating everything, I was asked: “how do you make money out of curation?”

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JANUARY 10, 2018

10) that during 2017, more than 300,000 U.S.-based In a press release , Amazon said billions of products were sold worldwide on its platform last year, with half of those items coming from SMBs operating on Amazon Marketplace. Amazon announced news on Wednesday (Jan. and 60 countries around the globe. and 60 countries around the globe.

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Bank Innovation

NOVEMBER 28, 2016

will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.

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Bank Innovation

FEBRUARY 8, 2017

Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Yabuki joined Fiserv in 2005. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.

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MARCH 8, 2019

Amid growth in its eCommerce sales and online selections, Costco Wholesale Corporation beat analysts’ estimates for earnings , but fell short on top-line revenues for the second quarter. For buy-online-pick-up-in-store, Galanti said Costco has expanded its selection within categories such as handbags, electronics and jewelry.

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PYMNTS

DECEMBER 16, 2019

The bank is expected to start operating during the first six months of 2021 after it gets the final nod for a license. Toss Bank will become South Korea’s third digital bank operating without a physical location. In 2017, two internet-only banks – K Bank and Kakao Bank – officially launched. Valued at $2.2

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AUGUST 31, 2018

That arguably describes the recent acquisition of Seattle-based Blueprint Registry , an online universal gift registry, by David’s Bridal , the privately held wedding retail chain that traces its roots back to the first years after World War II. Online Advantages. When in doubt, bet on digital. Industry Changes.

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MAY 8, 2017

The UK’s top retailers are facing tough competition online from U.S.-based According to eMarketer , February 2017 data from comScore MMX shows Apple and Google Shopping placed fifth and sixth, respectively, among the U.K.’s apparel retailer Next and grocery chain operator J Sainsbury (Sainsbury’s) from the top 10 list.

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PYMNTS

AUGUST 7, 2019

Automotive sales are increasing going digital — and more consumers are buying more used products of all types online. Carro, which operates in Singapore, Thailand and Indonesia, said more than $500 million worth of vehicles were sold last year on its platform, up from $250 million in 2017 and $120 million the year before.”.

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PYMNTS

APRIL 19, 2017

PetSmart is boosting its digital offerings through the acquisition of Chewy, the leading online retailer of pet food and products. The acquisition is expected to close by the end of PetSmart’s second fiscal quarter of 2017. “We

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PYMNTS

OCTOBER 7, 2019

The Supreme Court’s order, according to reports , essentially opens the door to other such lawsuits – and could serve to increase the pressure on eCommerce operators to make their online and mobile stores accessible to consumers with disabilities. That’s a 181 percent increase over 2017. Domino’s Innovations.

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SEPTEMBER 13, 2018

Zara’s parent company, Inditex SA , said it would continue its plan to expand online as it reported positive first-half results. The full online catalog will be operational by 2020. Inditex also noted that it will be rolling out in-store pickup of online orders to all 96 countries where it operates a physical store.

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JUNE 11, 2018

In news that might please frat boys, fans of European beer and owners of man caves, Heineken has started online sales of its home tap machines and the two-liter kegs that work with it. But this is not Heineken’s first foray into online beer sales. Online alcohol sales in the United States reached $1.7

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PYMNTS

JANUARY 3, 2017

Rather than providing what he described as a horoscope for 2017, Le Moal instead shared his perspective on some of the biggest trends observed in 2016 and how they will shape the developing payments landscape now that 2017 is here. But to operate at scale, businesses need scale. Hello 2017! Prediction #1: Disruption.

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PYMNTS

FEBRUARY 21, 2018

Despite the concern – and a corresponding 9 percent drop in Walmart’s stock price that shaved some $29 billion from its market cap – CEO Doug McMillon told analysts he remains confident that 2018 digital sales performance will be in parity to its 2017 performance. We had a few operational issues from an inventory replenishment perspective.”.

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Bank Innovation

JANUARY 10, 2017

Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016. Recent video footage also Read More.

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AUGUST 3, 2020

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). ‘Ndrangheta operates from the Calabria region in Southern Italy.

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PYMNTS

JANUARY 17, 2020

The latest issue involves eSports – one of the rising trends in digital commerce , and one of the ways through which some mall and brick-and-mortar operators hope to revive those retail properties. The realm of eSports is not the only place in the greater online world where taxes are a new and sometimes confusing issue in 2020.

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APRIL 18, 2019

Now, an unsealed indictment shows how the Manhattan DA’s office was able to take down the vendor after receiving a tip in 2017 about suspicious ATM withdrawals. Over the course of their operation, the men shipped more than 1,000 packages to buyers in 43 states, and laundered $2.3 via Dream Market, the dark web bazaar.

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AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

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PYMNTS

DECEMBER 6, 2020

Online payments firm Paysafe is nearing a deal with billionaire Bill Foley for a special purpose acquisition company (SPAC) merger, according to a Bloomberg report, intending for Paysafe to go public. It operates through brands like Income Access, Paysafecard, Skrill and Neteller, Bloomberg reported. II SPAC raised $1.47

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AUGUST 24, 2020

Brooklyn, New York-based technology accessories eCommerce company Casely established charitable giving as part of its core mission when it was founded in 2017 with the launch of its Every Case Counts initiative, which donates 5 percent of proceeds to a designated charity organization each month.

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Bank Innovation

SEPTEMBER 27, 2017

What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation?

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JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. As so much business moves online, he said, with that $8 billion figure (writ much larger internationally), the question becomes how to minimize threats while maximizing revenues without forcing the tradeoff of security and convenience for the customer.

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