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Retail Bankruptcies, Closures Faster This Year Than Last

PYMNTS

Last year’s lackluster holiday season contributed to 10 retailers filing for bankruptcy in 2019’s first quarter alone, including Payless, Gymboree and Charlotte Russe. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6

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 Visa B2B Connect Goes Global

PYMNTS

As reported, the launch covers 30 markets globally. Today, one in five payments is a cross-border transaction, whether that’s from a consumer traveling internationally or buying from an international seller online,” said Charlotte Hogg, CEO of Visa Europe. Mastercard, Too. Separately, and beyond the U.S.,

Charlotte 189
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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. Although authorities knocked down two of the biggest criminal markets online recently, new exchanges quickly take their place. So what did we learn this week?

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The eCommerce Bachelor: Which City Will Get The Rose?

PYMNTS

Jeff Bezos missed a major marketing opportunity there (as if Amazon needs it). Others are offering standard fare such as tax credits — although even that can’t be viewed as “standard” in this race. Charlotte, North Carolina. How is the race to be Amazon’s second home city not a reality show? What does that mean?

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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.

Payments 163
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Startup Roundup: A Look At Local, National And Global Expansions

PYMNTS

Those that felt ready had invested in knowledge of local markets and tax codes, new tech and/or new vendors. CEO Michael Praeger said Salt Lake City shares a similar startup culture with its East Coast office in Charlotte, NC.

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CFPB: Are They Coming to Get You?

Jeff For Banks

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points.