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Retailers Ask The Fed For Real-Time Payments

PYMNTS

The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive at the retailer, The Wall Street Journal reported. Target and Walmart, as well as trade groups like the National Retail Federation, have reportedly long talked to the Fed about faster payments.

Retail 139
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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. I'm not saying go out and make every retail loan that you can get your hands on,” he said.

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Banana Republic Gives $20M In Clothing To Disadvantaged

PYMNTS

The fashion retailer will partner with nonprofit Delivering Good , which works to pull in retailers, manufacturers, foundations and individuals to support those in impoverished or low-income situations, according to the release. “This donation will have such a positive impact on men, women and disadvantaged young adults.”

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Groupon Goes Local And Uptown

PYMNTS

In an effort to help promote local businesses for National Small Business Week next week, Chicago’s Uptown Chamber group Business Partners joined up with Groupon for a community event called Discover Uptown Collection. Through this joint effort, the intention is to celebrate local merchants on the city’s picturesque lakefront.

Chicago 108
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Macy’s Continues Testing Of Lockers

PYMNTS

The retailer is continuing to test the lockers through an installation at a New Jersey store per a tweet from a Fortune writer, industry news source Chain Store Age reported. Shoppers can find the lockers adjacent to the retailer’s “At Your Service” counter at the New Jersey location.

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Supplier Payment Rallying Cries Grow Louder

PYMNTS

In Malaysia, a reader submission for The Malaysian Insight says the nation’s rallying cry, “Kita jaga kita,” should apply to the business community supporting its small business members though consistent supplier payments. In the U.S., who worked at companies of varying sizes … We learned that in the U.S.

Payments 161
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Never Stop Exploring … The New North Face Store On Fifth Ave.

PYMNTS

North Face has opened the doors on a two-level, 20,000-square-foot flagship in the old Manufacturers Trust Company building and has decked it out to be what North Face’s VP of direct-to-consumer retail, Erik Searles, describes as a fully fitting backdrop for the high-end camping and climbing gear on display.