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Here’s How The Opioid Crisis Is Losing Retailers $9B A Year

PYMNTS

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. Smith used drugs for the past decade before starting her recovery journey at Gateway Community Services in Jacksonville, Florida. “As

Retail 105
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Lowe’s Now Offers Prepaid Credit Cards For Construction Crews

PYMNTS

Lowe’s new service is built on the BizNow platform, which Jacksonville, Fla.-based based FIS launched early last year for financial institutions looking to extend services to small businesses, but the program also appeals to retailers, said Tracy Kirkland, vice president of Prepaid Product Development at FIS.

Cards 100
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. In 2019, we increased GPU by $750. “We

Company 130
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Carvana Opens Largest Car Vending Machine In Tempe

PYMNTS

Jacksonville (Fla.), We’re incredibly proud to be a part of the metro Phoenix community,” said Ernie Garcia, founder and CEO of Carvana, in a press release announcing the launch of its latest vending machine. Raleigh (N.C.), Charlotte (N.C.), Tampa (Fla.), Orlando (Fla.) and Washington, D.C.

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Jacksonville, FL. Retail Bank, Citibank, New York, NY.

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Getting Mobile Ready

Independent Banker

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

Mobile 105
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Take Me Out To The (Payments) Ball Game

PYMNTS

We got the inside scoop of what the ballpark of the future might look like from FIS’s Bob Legters, chief product officer of FIS Global Retail Payments, and David Wright, Minor League Baseball’s chief commercial officer — and what brought two such different organizations together to build it. One ball park and customer experience at a time.

Payments 101