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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

That came after it shut down service in Seattle, Los Angels, and New York. Its venture capital investors included Greycroft, ACME Ventures (formerly known as Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital, M13 and others, noted reports. That never happened, prompting its action earlier this week.

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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. The store will also offer magic shows and a grocery shopping experience designed for kids.

Retail 116
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Saving Main Street: Cities Pick Up The Recovery Role

PYMNTS

While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions that will assist in restarting small business when the crisis passes. Boulder, Colorado has been working on strategies to help downtown retailers since before the coronavirus crisis.

Maine 141
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Catch the Early Bird Rate for Bank Innovation Ignite Before It Flies Away!

Bank Innovation

Interested in joining us for Bank Innovation Ignite 2019 on March 11-12 at the Hyatt Olive 8, Seattle? In Seattle, you’ll see four Ignite Ideas sessions from the following fintech innovators: Lisa Frazier, Head […]. You’d better hurry! Early registration ends this Friday, February 1 at 11:59 PM.

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Today In Payments: Amazon One Lets Consumers Pay By Hand; Stripe Heads $12M Funding Round For PayMongo

PYMNTS

The feature is currently only available at two Amazon Go stores in Seattle, but the eCommerce giant plans to expand it to its other checkout-free stores. Fifty percent of businesses say manual processes, sluggish payments and high operating costs have made managing accounts receivable departments nerve-wracking over the last six months.

Payments 148
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Starbucks Invests $100M In New Valor Fund Focused On Food Startups

PYMNTS

Starbucks announced Wednesday (March 20) it is investing $100 million in the new Valor Siren Ventures fund, which aims to invest in the next generation of food and retail startup tech companies. The company launched its first store in Seattle in the 1970s.

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11 Startups Show Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

Eleven startups participated in the Demovation challenge at the Bank Innovation Ignite conference in Seattle earlier this month. These startups, diverse in focus, comprised a wide range of the fintech ecosystem, including payments, security and blockchain.

Fintech 186