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Another Online Lender Announces Layoffs

PYMNTS

The news came late last week amid what Crain’s Chicago Business said is “an abrupt negative turn in investor sentiment toward consumer lenders of all stripes.”. The downturn is leading the online lender to walk away from previously held plans to expand beyond consumer loans to credit cards and also refinancing of auto loans.

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Are Online Merchants The Mall’s Unlikely Salvation?

PYMNTS

One might imagine that mall operators nationwide take a rather jaundiced view of the internet, since online shopping has more or less killed the mall. But perhaps that is the old conventional wisdom — the emerging idea is that online retailers are giving back some of what they’ve taken away these days. “We

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Shuttered Sam’s Club Converted Into eCommerce Center

PYMNTS

After closing its doors earlier in the year, a former Sam’s Club store outside of Chicago will become a fulfillment center for eCommerce orders. the Chicago Tribune reported. Once completed, the new center will serve as a regional hub for Sam’s Club online orders and will cover several hundred miles around Chicago.

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Easy Ways BSA Officers Can Get Their Required Training

Abrigo

Due to the heightened knowledge and expertise required for BSA officers, their training requires resources beyond reading periodicals and online articles and/or completing general staff training,” the Minneapolis Fed’s newsletter said. One option that makes it easy for BSA officers to complete required training is to attend regional meetings.

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Digital Freight Services Race Toward More Cash And Last Mile Innovation

PYMNTS

The latest example of the power of those digitally-enabled innovative efforts comes from online freight marketplace operator Convoy. Founded in 2015, Seattle-based Convoy is among the biggest operators of online marketplaces that match truckers with shippers needing to move cargo,” the report said. Rowe Price Associates.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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Amazon Advances Grocery Store Plans

PYMNTS

grocery stores with locations in Chicago, Philadelphia and Los Angeles. The eCommerce retailer is also reportedly eyeing grocery spaces in New Jersey, Connecticut and the New York metro region. That was compared to 16 percent growth notched in its online stores per Amazon’s earnings statement, as cited by the report.