article thumbnail

Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. million over the course of the next three years to build up a FinTech hub in Charlotte. As we reported about three weeks ago, Bank of America has announced its plans to invest $1.5

Charlotte 118
article thumbnail

AvidXchange: Crossing The Western Frontier

PYMNTS

What do Charlotte, NC, and Salt Lake City, Utah, have in common? A lot, if you ask AvidXchange CEO Michael Praeger — which is why the startup saw both locations as a great home base for operations in those respective parts of the country: Charlotte for the East Coast and now Salt Lake City for the West.

Charlotte 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Walmart Teams With Ford, Postmates For Delivery Program

PYMNTS

According to the blog post, the retailer currently has grocery delivery available in almost 100 metro regions and “is continuing to innovate to find new ways to serve customers – better, faster and easier.”. households. households. Walmart U.S. So, we are on a mission to do more than keep a little extra money in their pockets.

article thumbnail

Visa On Tap To Pay, Cash Displacement And B2B Payments

PYMNTS

McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. He said that the $120 trillion B2B market, as measured in payments volume, is tied to lower velocity but higher value flows. In the U.S. Asia Pacific. trillion in payments volume.

Payments 163
article thumbnail

5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

article thumbnail

Data Dive, The Bad, The Worse And The Ugly Edition: Store Closures, Coronavirus And Bitcoin

PYMNTS

By comparison, 2019 saw 9,200 stores closed as brands like Payless ShoeSource, Fred’s, Gymboree, Charlotte Russe, Family Dollar, Forever 21 , Charming Charlie, Sears, Kmart, A.C. The emergent form of coronavirus that originated in China’s Wuhan region continues to spread and pick up fatalities. So what did we learn this week?

Bitcoin 132
article thumbnail

Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The upcoming launches in the Midwest – in one city that is considered the capital of the region, and in another that is a growing destination for young, digitally-minded professionals, including those priced out of the Chicago housing market – represent more significant progress for the new mobile network technology. 5G Potential.

Mobile 168