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CashStar Releases New eGifting Solution

PYMNTS

The gift of giving just got a whole lot easier and more digital, thanks to one Portland, Me.–based Prepaid commerce solutions provider CashStar recently announced the release of its new Product eGifting solution for retailers. based company. Giving presents often drives lower conversion rates but more costly returns.

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Frugal Consumers Buying More Off-Brand, Off-Price Products

PYMNTS

This newfound cost consciousness is reshaping the retail industry in everything from spurring the rise of fast fashion at the expense of mall “anchor stores,” to the increasing popularity of off-brands or store brands in the supermarket, to the shift in the apparel business, to off-price retail outlets over full-priced department stores.

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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Nonessential retail is highly dependent – in some cases, completely dependent – on eCommerce during the COVID-19 crisis. Knowing that Nike and Amazon were in the process of breaking their sales agreement, we tried a third item: a copy of Thomas Piketty’s new book, “Capital and Ideology.” Therein lies a serious problem.

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eCommerce, Delivery Firms Turn Attention To Supply Chain, Logistics

PYMNTS

The additional expenditures will raise gross capital spending to between $115 million and $120 million, up from the previously forecast $90 million to $100 million. Chief Financial Officer Jeffrey Lawrence told analysts that labor costs at its corporate locations ticked up a bit by 0.5 Efficient Warehouses.

Portland 108
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CashStar Raises Capital: New Investment Boosts Total to $50 Million

Fintech Labs Insights

A $15 million Series D round led by FTV Capital has boosted the total capital of prepaid solutions provider, CashStar , to $50 million. New investor Mosaik Partners and current investors, Passport Capital, Intel Capital, and North Hill Ventures also participated.

Capital 12
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CFPB announces new appointments to advisory groups

CFPB Monitor

Retail Bank, Citibank, New York, NY. Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Hughes, Senior Vice President and Director of Mortgage and Retail Lending, First Federal Savings Bank of Twin Falls, Twin Falls, IA. William Howle, Head of U.S. Academic Research Council Members.

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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

Point-of-sale financing for retailers. HQ: Portland, Oregon. Connects marketplace lenders to institutional capital. Tags: Investors, big data, business intelligence, investing, capital markets. Total raised: Unknown. HQ: New York City. Source: Crunchbase. Flexiti Financial. Latest round: $25 million Debt. CrowdStreet.

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