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Banks Fighting SoFi’s Banking Charter

PYMNTS

The Independent Community Bankers of America, a trade group representing about 6,000 small banks holding almost $5T in assets, is lining up against SoFi, urging the Federal Deposit Insurance Corporation to reject its application to launch a banking unit.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. Online to offline coming to Walmart near you, and we mean that sincerely. Online lending . A pretty clear-cut sizzle. Tech is back.

Lending 101
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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

The money market mutual fund became a formidable competitor to the bank account. And products started migrating online. First Internet Bank in Indiana was founded in 1998. In Pennsylvania, Rocket has number 1 market share. But they must be in ample supply in your markets to support growth. billion in total assets.

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How Experiential Retail Is Giving Physical Stores An Edge

PYMNTS

One of the most commonly talked-about and executed strategies in the 2020 connected commerce world is experiential marketing. But experiential marketing is also a customer-centric strategy intended to drive customer retention and strengthen the bond between retailer and consumer. Wine and cheese for the shoppers? Pop-up stores ?

Retail 210
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Grocery Round-Up: Digital-First Delivers For Kroger, Another Instacart Pair-Up And Hoarding Round 2

PYMNTS

Online sales were up 108 percent during the quarter. In late October , Cincinnati-based Kroger announced its “Restock Kroger” program — which aims to improve shipping, distribution and the links between its online and offline businesses — would be a major boost for shareholders. billion since March.”. "As

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COVID-19: Real Trends and Stories From the Front Line

Gonzobanker

Another take: “Despite all the ways to conduct transactions – online, ATM, contact center – we still saw some very long lines in our drive-ups (especially when EIP payments were sent). Pre-COVID, most FIs opened approximately 10% of their accounts via the online channel, with the other 90% still being opened in branches.

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Why TOMS Shoes Is Putting A Toe In Brick-And-Mortar

PYMNTS

He wanted to be Indiana Jones. The online customer is expensive to attract and not easy to keep. TOMS Shoes helped communities but created some major costs in the process. TOMS Shoes Founder Blake Mycoskie did not begin life dreaming of entrepreneurship, shoes or creating a socially conscious company.