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Far Point Merges With Global Blue In $2.6B Deal

PYMNTS

billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Global Blue runs airport kiosks and storefronts that enable shoppers to get sales tax refunds when they return home.

Taxes 130
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Will Amazon, eBay And Apple Have A Happy Holiday Season?

PYMNTS

That projection took into account transactions at 80 of the top 100 retailers in the United States, along with visits by consumers to U.S. retail websites. Overall holiday retail sales, by contrast, will increase 4.8 percent, according to an estimate from the National Retail Federation. Amazon’s Problem. Take Amazon.

Apple 130
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Data Dive, The Bad, The Worse And The Ugly Edition: Store Closures, Coronavirus And Bitcoin

PYMNTS

There was lots to watch in the world of payments and commerce last week, with red flags flown in physical retail, international commerce and crypto. Physical Retail Stumbles Into 2020 . The year got off to something of a rocky start for physical retailers, as the recent spike in store closures carried on and even picked up strength.

Bitcoin 132
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Leadership and board members. Stripe often states that less than 8% of total commerce occurs online, suggesting roughly $26T in global, omnichannel retail sales. Despite Stripe’s recent fundraising at attractive valuations, company leadership maintains that they have no plans to go public. Company Leadership & Board Members.

Online 98
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SoftBank-Backed Brandless Goes Bust

PYMNTS

The secret sauce, according to then-CEO Tina Sharky when PYMNTS spoke to her in 2017, was its elimination of what she called “the brand tax,” which typically pushes up prices on brand-name beauty products and household goods by as much as 30 percent. The goal was profitability by 2023.

Branding 150
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The Walmart Amazon Whole Paycheck Tracker: The Delivery Edition 

PYMNTS

We see more of this going forward as our new bottom-up US package model assumes Amazon Logistics US packages grow at a 68 percent [compound annual growth rate from 2018 to 2022],” Morgan Stanley said. Dunn also wrote that he had learned a lot about transforming retail in the digital age during his brief tenure at Walmart.

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CFPB Winter 2019 Supervisory Highlights focuses on deposits, mortgage loan servicing, and remittances

CFPB Monitor

Although issued under Director Kraninger’s leadership, the Winter 2019 Supervisory Highlights covers examinations generally completed between June and November 2018 when Mick Mulvaney was Acting Director. It represents the CFPB’s second Supervisory Highlights covering supervisory activities conducted under Mr. Mulvaney’s leadership.

Taxes 68