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Why The Biggest US Retailer Will Stick To Stamps

PYMNTS

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169
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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

Small Business Administration What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave? Tune in all week for live-streaming , beginning at 7:30 p.m. Every business starts small.

National 150
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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News

PYMNTS

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. Wells Fargo CEO Reorganizes Business Units. NEW DATA: Consumers Like Cashier-less Retail But Retailers Aren’t Hitting The Mark.

Retail 141
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VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic

PYMNTS

Despite wide-ranging economic uncertainties and a challenging investment environment, venture capital (VC) firms and special purpose acquisition companies (SPACs) are actively raising or seeking fresh funds for investment in the payments space. Kibo added, “We love global companies with very capital efficient structures.”.

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Today In Payments Around The World: Cashfree Raises $35M From Apis Partners; InComm Payments Buys Todo Cartões

PYMNTS

Cashfree has notched tens of millions in new capital to help power its growth. InComm Payments, which is based in Atlanta, has been operating in Brazil for nearly 10 years, providing end-to-end payment platforms and offerings to more than 4,500 points of sale at retail stores. Apis Partners, the U.K.-based

Payments 142
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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. It was an amalgamation of numerous challenges, either ignored or wrongly addressed, that has led to the question of relevance plaguing the industry today.

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NFIB: Small-Business Optimism Swells, But Challenges Remain

PYMNTS

Small-business owners across the United States are feeling more upbeat about the state of the economy as a growing number expect the downturn to be “short-lived,” the National Federation of Independent Business ( NFIB ) reports. The NFIB’s optimism index jumped 3.5 points in May to 94.4,