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BB&T And SunTrust To Merge

PYMNTS

BBT ) announced a $66 billion merger Thursday (February 7), combining the two regional banks. The new combined entity will be based in Charlotte, N.C., The banks said that once the deal closes, the combined company will operate under a new name and brand that is still to be determined. SunTrust Banks Inc. (

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Belk Works On Building Its New Legacy

PYMNTS

Small and regional — outside of the Southeastern United States, most people haven’t heard of it. About a year and a half after the chain was sold off to a private equity group, Charlotte-based Belk is opening up new stores, though less well-performing ones are being shuttered. Most brands can’t do exactly what Belk has done.

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The Great Grocery Race Shifts Into High Gear

PYMNTS

The players are many — but in the last year and a half, Walmart, Amazon and Kroger have managed to pull ahead in the earliest rounds of the race in terms of the breadth and depth of their enhanced offerings for consumers. Jet will also factor in locality when deciding which products are featured in its assortment for that region.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Personal finance: Using chatbots to help people manage their spending. Chris Messina, inventor of the Twitter hashtag and product designer for Google and Uber, wrote, “[Y]ou and I will be talking to brands and companies over Facebook Messenger, WhatsApp, Telegram, Slack, and elsewhere before year’s end, and will find it normal.”.