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Express Inc. Net Sales Drop 53 Pct Amid Pandemic

PYMNTS

reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 Additionally, Express said it decreased its forecasted yearly capital expenditures by roughly $25 million.

Columbus 130
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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud

PYMNTS

Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation project that this year’s online holiday sales could reach $117 billion. ‘Tis the season … to be very, very wary of phishing and other types of fraud.

Fraud 100
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With New Microsoft Partnership, Is Kroger Digging In Against Amazon?

PYMNTS

The retailer plans to pilot technology products using Microsoft’s Azure platform at two stores, one in Ohio and one in Washington. Kroger is seeking to bring new customer experiences to market faster, drive personalization with insights and help store associates become more productive.

Arizona 109
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Paya Acquisition Aims To Solve City Hall’s Paper (Billing) Chase

PYMNTS

8) that it had acquired First Billing Services , a billing processor based in Ohio that focuses on municipalities and utilities. With a nod to the government space, he said, “the areas we’ve been focusing on are traditionally not retail or restaurants.”.

Software 158
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Gonzo Notes from Money20/20

Gonzobanker

We are rotating the team, as Misters Kilmer and Weikart reported that rehab from BAI Retail Delivery is taking a bit longer than estimated.) Brian Mooney, CEO of Merchant Customer Exchange (MCX), also used his stage time to talk about the pilot under way in Columbus, Ohio, with many merchants.

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The 2022 GonzoBanker Awards

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2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Goes to Tom Brown and the Second Curve Capital team for the inspiring message from Clemson CEO Jim Clements. The Smarter Bank Customer Experience Award. with Coinbase alone attracting $86 billion.

Community 216