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Today In Payments: Atlanta Fed Warns Outbreaks Could Stall Recovery; Big Tech CEOs To Testify In Antitrust Probe

PYMNTS

Atlanta Fed Warns Recovery Could Stall As Outbreaks Surge. US Online Grocery Sales Hit $7.2B Online grocery sales growth continued in June as the pandemic continued to shape the way people shopped for necessities like food. Plus, a second Wirecard executive was arrested over the recent fraud scandal. The uptick in U.S.

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

PYMNTS

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing operations in 12 markets, according to reports on Thursday (Jan. These market closures have an effect not just on riders, but on our whole Lime community.

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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom has not yet launched its online intake program where customers will have the ability to mail in merchandise. We like the handle.

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Why Retailers Are Making mPOS Technology A Top Priority

PYMNTS

At the same time, new technologies are coming on the market to serve these merchants. President of Operations Richard Ashworth said in an announcement , “Walgreens is focused on making shopping more convenient for our customers. And technology and payments firms are collaborating to bring offerings to market.

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Fiserv Adds Buy Now, Pay Later Option

PYMNTS

The Cambridge market research company also reported that more than 40 percent of online consumers who are aware of installment payments use that method to purchase goods. . the Australian FinTech operating in the U.S. The August issue of the Buy Now Pay Later Tracker – written in collaboration with Afterpay Ltd.,

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Yotpo Joins UPS eCommerce Tech Program For SMBs

PYMNTS

Yotpo, the New York-based eCommerce marketing platform, has been selected as a partner by the UPS Customer Technology Program ( CTP ) that promises to provide small and medium-sized businesses (SMBs) with access to customer reviews, visual marketing, loyalty and referrals, the company announced. Terms of the deal were not disclosed.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Then there is credit.