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Fundation Pulls Community Bank Into FinTech Collaboration

PYMNTS

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too. Small businesses can apply within bank branches and online for loans of up to $250,000, reports said.

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Instacart Collaborates With ALDI To Debut EBT SNAP Payments

PYMNTS

The initiative starts in the weeks to come throughout ALDI’s over 60 Georgia stores, while it will grow to over 570 retail locations throughout California, Illinois, Pennsylvania and Florida in the months to come. percent of the population in Georgia and disproportionately impacts communities of color. Food insecurity affects 12.5

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Giant Food Launches New eCommerce Hub In PA

PYMNTS

Giant Food is getting set to open an eCommerce hub in Pennsylvania. Opening next month in Lancaster, the 38,000 square-foot facility, called Giant Direct Powered by Peapod, will serve as a pickup venue for customers ordering through the retailer’s Peapod online service and app, as well as the Giant website. “We

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Widening Borrower Protection’s Scope To SMBs

PYMNTS

Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include a lack of transparency and sky-high fees and interest rates. small businesses had sought a loan online, compared to just 19 percent that did so in 2017.

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Century 21 Department Stores' Intellectual Property Up For Sale

PYMNTS

Its total gross revenue in FY 2019 exceeded $747 million, of which roughly $53 million can be attributed to the online shopping channel. At the time, the off-price retailer unveiled plans to begin a “wind-down” of its operations at 13 stores across New York, New Jersey, Florida and Pennsylvania. Century 21 stores announced on Sept.

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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

In Massachusetts, community FI Eastern Bank announced a $10 million commitment aimed at facilitating aid to SMBs as well as consumers and nonprofits affected by the coronavirus. Pennsylvania Offers State-Level Support. A task force of U.K.-based

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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

SNAP online . The USDA is in the process of rolling out a pilot program that will allow SNAP program enrollees to buy groceries online. We’re looking forward to being able to bring the benefits of the online market to low-income Americans participating in SNAP.”. Is there any way out of that?

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