PopularBank

OCTOBER 28, 2020

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy.

Puerto Rico 52

Puerto Rico New York Metro Community 52

South State Correspondent

DECEMBER 8, 2023

Every Bank Has a Certain Level of Small Business Banking Channel Confusion While few said it, almost every major bank implied some level of channel confusion with small business banking as it overlaps with retail, commercial, and specialty lines of business. Many banks were looking to install more automation to lower operating costs.

Conference 195

Conference Retail Community Bank Technology 195

South State Correspondent

AUGUST 8, 2022

With 100+ public banks reporting, we have more than a representative sample to see 2Q 2022 bank earnings trends and derive some operational insights on bank performance. Fees at banks dropped, primarily driven by mortgage operations, and net interest margin increased by approximately 25 basis points to 3.12%.

Trends 195

Trends Community Bank Community Retail 195

PYMNTS

JULY 21, 2020

As it begins a new period of growth, ALDI intends to open over 70 new retail locations by the conclusion of 2020. The grocer intends to break ground on its new Loxley, Alabama distribution center and regional headquarters next year. As it stands, the company operates 180 retail locations in Florida as well as Alabama.

Alabama 159

Alabama Phoenix Arizona Florida 159

PYMNTS

DECEMBER 10, 2018

Among the names cited in the report, retailers WHSmith has payment terms that have stretched between 90 days to 120 days, and Boots has terms that range from 75 days to 120 days. A House of Representatives report has found that businesses are unable to invest, boost employment or grow operations.

Report 159

Report Retail Payments Survey 159

South State Correspondent

JANUARY 3, 2023

Because most community banks do not use a risk-adjusted return-on-capital (RAROC) loan pricing model, the only variable that some bankers focus on is loan yield – the most easily measured variable. Banks in rapidly growing counties, states, and regions tend to outperform the industry. Operating Leverage – Scale matters.

Community Bank 221

Community Bank Community Data Marketing 221

PYMNTS

SEPTEMBER 29, 2020

They’re not equipped to manage the operational risks associated with these smaller businesses,” Shoihet told PYMNTS, especially when it comes to extending short duration credit lines, debt products or factoring. But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region.

United States 286

United States Regional America Trends 286

PYMNTS

JULY 2, 2020

As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The tech company, which has 271 retail shops in the United States, has recently closed 47 stores again, CNBC reported.

Apple 131

Apple Los Angeles South Carolina North Carolina 131

PYMNTS

APRIL 5, 2019

Iconic American retailers that have been around more than 100 years are creating new concepts for the new era of retail. Boutros continued, “We are here to serve these communities and this is part of our strategy to maintain a presence in markets where we have right-sized our footprint.”. In Other Brick-And-Mortar Retail.

Retail 101

Retail Louisiana Kansas Alaska 101

PYMNTS

AUGUST 17, 2020

PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective. PREIT has long been evolving the experience we bring to our communities, remaining laser-focused on innovating at rapid speed through times of change.

Philadelphia 164

Philadelphia Regional United States Community 164

PYMNTS

JUNE 22, 2020

On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. There are about 1,000 malls — both privately and publicly held — operating in the U.S.

NJ 132

NJ New Jersey Illinois Retail 132

Independent Banker

NOVEMBER 24, 2014

“For Ron, giving back to the community is part of the essence of who he is. With vigor and a strong commitment to service, Ron Paul leads a rapidly growing community bank in Maryland. Eastern Region Award Recipient. Retail outlets: 22. Don’t expect to find him home on a weeknight!” Laurence Bensinger, EagleBank.

Community 70

Community Washington Community Bank Maryland 70

PYMNTS

OCTOBER 7, 2019

The Supreme Court’s order, according to reports , essentially opens the door to other such lawsuits — and could serve to increase the pressure on eCommerce operators to make their online and mobile stores accessible to consumers with disabilities. Domino’s stands out for its retail innovations. Domino’s Innovations.

Retail 116

Retail Google Innovation Software 116

PYMNTS

SEPTEMBER 11, 2019

Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

DECEMBER 7, 2020

operations to PNC Bank , creating the fifth-largest regional player in the U.S. No matter the size of the bank or the regional focus, there’s a general realization that disruption is on the horizon. People are revaluating their footprints and rebalancing their retail footprints,” he told Webster. “In

Google 282

Google Examples Regional Lending 282

PYMNTS

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. Those operations manage and own 50 percent of [U.S. Deposit Trends. Services Ecosystem.

Community Bank 116

Community Bank Community Operations Leadership 116

PYMNTS

AUGUST 10, 2020

By the numbers, America’s largest mall operator reported net income for the second quarter at $254.2 Funds from operations (FFO) was $746.5 As expected, both domestic and international operations were hit hard by reduced lease income and ancillary property revenues as a result of the pandemic. million compared to $495.3

Branding 141

Branding Operations Groups Retail 141

PYMNTS

DECEMBER 30, 2019

Singtel , Asia’s leading communications technology group, and Grab , Asia’s leading super app, have formed a consortium to enter digital banking and help the communities of Singapore that have traditionally been left behind in banking matters, the press release said.

Digital Banking 134

Digital Banking Groups Online Regional 134

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

FEBRUARY 24, 2020

As reported last week, Bear Down Logistics is no longer working with Amazon, with the firm cutting hundreds of jobs in the wake of that severance, and effectively ceasing operations across five states. Postmates said its overall Delivery-as-a-Service has leapt by more than 300 percent year over year across retailers.

Michigan 196

Michigan Illinois Ohio Virginia 196

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. This region has the kind of energy that draws people to a place and helps them and their businesses thrive. That year, installations further south, in the region that includes Brownsville and Corpus Christi, supported an estimated 41,000 jobs and contributed about $4.6

Texas 182

Texas San Antonio Community Bank Community 182

PYMNTS

MARCH 24, 2020

Nowhere is the pain being felt more acutely than in China, where the coronavirus first took root and spread, where businesses and supply chains went dark, and where hundreds of millions of consumers, as well as businesses and their workers, stayed in their homes — into, and then through, the Lunar New Year, a key season for retail.

Retail 196

Retail Online Regional Course 196

PYMNTS

JANUARY 18, 2017

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

Online 100

Online Retail Metro Virginia 100

PYMNTS

FEBRUARY 18, 2020

Commerce.Asia, an all-in-one eCommerce and technology company, has purchased a 30 percent stake in business platform BizApp, which helps businesses and brands manage daily operations and order fulfillment, according to a report by DealstreetAsia. The deal is reportedly around seven figures in terms of ringgit, Malaysia’s monetary unit.

Regional 141

Regional Community Tools Branding 141

PYMNTS

JUNE 15, 2020

While our lending business has served Main Street small businesses for years, we knew that as our sellers and their communities were facing deep economic uncertainty, we could play a meaningful role in disbursing stimulus funds,” said Jacqueline Reses , the head of Square Capital, in a statement. “In

Capital 141

Capital San Francisco New Jersey Massachusetts 141

PYMNTS

SEPTEMBER 18, 2019

Opolis is offering the best solution we’ve seen yet that can provide the security and benefits usually restricted to traditional workplaces,” said Richard Brow, head of Community Development for MakerDAO, according to Coin Desk. Maker is looking forward to seeing how Dai can help de-risk this emerging workforce.”.

blockchain 109

blockchain Security Los Angeles Bitcoin 109

PYMNTS

JANUARY 17, 2020

communities. communities. Companies such as Open Broadband are trying to seize on such opportunities — often working closely with regional and local economic development officials — to improve the internet situation. “We The company said in its FCC filing that it will help serve communities in the U.S. “by

Payments 131

Payments Los Angeles San Francisco New York City 131

PYMNTS

JULY 2, 2019

One of the biggest stories in retail continues to be Uber’s effort to move well beyond its core offering of automotive ridesharing. Bike and scooter sharing are expanding to more cities as mobility-as-a-service retail offerings continue to grow. That deal came after Lyft rival Uber bought bikesharing operator JUMP.

San Diego 109

San Diego San Francisco Atlanta Maine 109

CB Insights

FEBRUARY 13, 2020

Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Sigma aims to streamline business operations. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations. Virtual card issuance. Source: Stripe.

Online 98

Online Company Retail Payments 98

PYMNTS

SEPTEMBER 28, 2020

You cannot restructure when revenues go to zero,” he told Webster, adding that for a number of retailers and restaurants, “that’s probably the biggest liquidity crisis.”. There will be retailers and restaurants that will not come back, and even some small regional airlines will disappear.

Fintech 291

Fintech Examples Industry Management 291

PYMNTS

FEBRUARY 7, 2018

H-E-B is not only the neighborhood grocery store for many communities in Texas: It’s also an eCommerce retailer with digital features to better reach its customers. But not all retailers have the features that allow consumers to shop through whatever channel they choose, whether it be a brick-and-mortar store, website or mobile app.

Texas 116

Texas San Antonio Oklahoma City Oklahoma 116

FICO

NOVEMBER 16, 2022

In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions. The data from this survey revealed global trends, along with regional differences, that demonstrate the ongoing commitment that financial institutions have for finding and stopping payments fraud.

Fraud 52

Fraud Data Survey Regional 52

PYMNTS

FEBRUARY 12, 2020

At some point, we are likely to see community spread in the U.S. Microsoft, Apple, Amazon and Facebook have advised Chinese operations to cancel all non-essential business travel. The bigger picture in the surrounding regions is uncertain, he noted. Disney has temporarily closed its Disneyland park and store in Shanghai.

Apple 142

Apple Regional Conference Report 142

PYMNTS

JANUARY 15, 2019

Visa said Monday evening at a New York gathering in anticipation of the launch that events through a year-long campaign will include interactive workshops, tailored on a community-by-community basis. 30 kickoff in Atlanta will include access to experts from Visa and entrepreneurs operating both nationally and globally.

Atlanta 189

Atlanta New York social media Community 189

PYMNTS

JUNE 23, 2016

“We are excited to expand in the state of Georgia and add a new fulfillment center to better serve our customers in the region,”Akash Chauhan, vice president of Amazon’s North America operations, said in a statement.

Georgia 100

Georgia New Jersey Illinois Atlanta 100

PYMNTS

NOVEMBER 18, 2016

Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. P2Binvestor uses a crowdfunding model and partnerships with retail and institutional investors to provide factoring loans to SMEs. Community Funded.

Fintech 100

Fintech US Capital Community 100

PYMNTS

OCTOBER 7, 2019

The Supreme Court’s order, according to reports , essentially opens the door to other such lawsuits – and could serve to increase the pressure on eCommerce operators to make their online and mobile stores accessible to consumers with disabilities. Domino’s stands out for its retail innovations. Domino’s Innovations.

Online 138

Online Google Innovation Software 138