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Today In Retail: L’Occitane’s US Division Files For Chapter 11; AutoFi Rolls Out Division For Corporate Clients

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division has filed for Chapter 11 bankruptcy in New Jersey. FinTech AutoFi Launches Division For Businesses That Offers Financing Services. L’Occitane’s U.S. The retailer said the move is part of a plan to execute a “store footprint optimization plan, including the contemplated exit of unprofitable locations.”

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First Bankcard, Provident Bank Team For Commercial Payments

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First Bankcard , a division of First National Bank of Omaha , has formed a strategic partnership with Provident Bank , First Bankcard announced Wednesday (Jan. Provident Bank, a New Jersey-based financial institution (FI), will issue a comprehensive suite of commercial payment solutions in conjunction with First Bankcard.

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Community Banks Voice Frustration With Core Tech Providers

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Companies including Fiserv, Fidelity National Information Services (FIS) and Jack Henry & Associates control the majority of the core banking services market, linking financial institutions and FinTechs to infrastructure to run their own banking operations. ” Fiserv, FIS and Jack Henry have secured 90 percent of U.S.

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The Investments Keep On Coming And ‘Uber For Trucks’ Banks $10M Investment

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But innovation watchers have been watching Rio and Brazil in general for some time as the nation increasingly becomes an incubator nation for FinTech development and talent. The figure stands on its head the usual dominance of FinTech. Could we yawn at a $2 billion week and raise alarm at a $1 billion week?

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How Cross River Bank Keeps Cash Flowing

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Some companies, like Cross River Bank of Teaneck, New Jersey, have launched services to ease consumers’ access to physical cash notes by tapping into the convenience of the existing financial infrastructure. trillion in cash in 2015, a higher rate than that of Western European nations. commerce today. commerce today.

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B2B FinTechs Overcome Pandemic VC Slump

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New Jersey’s Buckle is an InsurTech company focused on arming the gig economy, including rideshare providers, with access to total insurance coverage. The firm said it will funnel the new investment into product development, partnerships, and national growth. earlier this year.

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Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital Payment Providers Open Systems To Rivals

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1 when City National Bank of New Jersey closed its three branches. Project Cache seems intent not to make Google a bank, but to use banks, beginning with these two firms, to leapfrog their FinTech and Big Tech competitors and gain the consumer’s trust for keeping their funds safe. The most recent failure was on Nov.

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