PYMNTS
SEPTEMBER 12, 2019
And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6
PYMNTS
MARCH 16, 2017
Commerce Department posted the lowest growth in retail sales seen in the past six months on Wednesday (March 15). percent in the second month of 2017, while only four of the 13 major retail categories included in the department’s numbers saw growth during the month of February. from nonstore retailers ) rose considerably, up 1.2
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PYMNTS
JUNE 13, 2019
As noted in Retail Dive, the two companies said in a press release that Visa banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform. The tokenization helps sidestep the vulnerabilities to fraud that exist when sending checks, ACH and wire transfers. Mastercard, Too.
PYMNTS
FEBRUARY 3, 2020
There was lots to watch in the world of payments and commerce last week, with red flags flown in physical retail, international commerce and crypto. Physical Retail Stumbles Into 2020 . The year got off to something of a rocky start for physical retailers, as the recent spike in store closures carried on and even picked up strength.
Jeff For Banks
MARCH 5, 2021
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. Similarly, the annual operating cost per account for a retail checking account is $398. Retail banking is heavily regulated. A very high hurdle in an LMI neighborhood.
PYMNTS
OCTOBER 25, 2017
Others are offering standard fare such as tax credits — although even that can’t be viewed as “standard” in this race. New Jersey, for instance, is offering more than the price of Amazon’s investment in tax credits, to the tune of $7 billion, if the company puts HQ2 in Newark. Charlotte, North Carolina. What does that mean?
PYMNTS
FEBRUARY 13, 2020
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 growth in new acceptance is a top priority, and encompass rent, tuition, sports wagering and unattended retail and mobility (such as with scooters).
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