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What to Do When Your Banking App Stumbles Out of the Gate

Bank Innovation

BMO Harris Bank did itself a favor by being responsive to questions and criticism on social media from customers locked out of their digital accounts with the bank this past week, according to Adrenaline, an experience design company.

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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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Unbundling The Travel Bundle

PYMNTS

Another hair in the soup is Generation Z’s increasing preference toward social media marketplaces that eschew established eCommerce platforms entirely, forcing these businesses to change tactics. Ridesharing giant Uber is also exploring new ways to expand its market footprint.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This year we expect another year of market-leading growth. Noting that existing Carvana markets grew by 84 percent, he said, “The company’s four oldest markets each more than three years old grew by 50 percent and our oldest cohort of Atlanta grew by 18 percent. New Markets. In 2019, we increased GPU by $750.

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Possible Sale Of Cars.com Comes Amid Stronger Digital Ties For Automotive

PYMNTS

Cars.com, based in Chicago, launched in 1998 and became a public company in 2017 in its spin-off from TV broadcaster and digital media firm Tegna. These are busy times for the intersection of digital and automotive, with a variety of players trying to get a piece of the market. The takeaway of those personal moves?

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How Mom-And-Pop Pizzerias Can Tap Into Digital Orders

PYMNTS

Digital orders for local pizzerias is a largely untapped market. With platforms such as Slice, pizzeria owners can compete with the larger players through a mobile-optimized website and tools that enable customers to place orders through social media channels. But many markets outside those areas are underserved.

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When QSRs Think Really Outside The Box In The Innovation Race

PYMNTS

The drive-thru window, for example, first met the market in 1947 when it was introduced to the world by Sheldon “Red” Chaney, operator of Red’s Giant Hamburg in Springfield, Missouri. That honor fell to Ray Kroc — who made the idea famous when he opened the first McDonald’s franchise in Chicago eight years later.