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The Main Street Rescue That Wasn’t (And Still Isn’t)

PYMNTS

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic. The smallest loan, at $1.5

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Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

PYMNTS

As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. Effective today, we are pausing our operations, company-wide.

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Some SMBs Close Permanently After Being Told To Shut Down A Second Time

PYMNTS

In places that had reopened such as Texas, Florida and California, it could be enough to close them permanently. But the second round of closing could be the death blow of many of the same small operations. The resurgence of the COVID-19 has delivered a crippling blow to many small businesses, The New York Times reported.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Funding and investor information is as of 9/6/17. .

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Dillard’s Drops For Q2; Report Shows Foot Traffic Falling In Sector

PYMNTS

Operating expenses for the 13 weeks ended Aug. According to new data from Placer.ai , a data tracking service, Macy’s, JCPenney and Dillard’s are beginning to see a reversal of foot traffic trends owing to the pandemic-driven closures in states where the pandemic is still raging including Arizona, Texas and Florida. 1, 2020 of $893.2

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Popular Bank announces changes to overdraft practices, eliminating returned non-sufficient funds fees?

PopularBank

Main overdraft changes at a glance: Eliminating non-sufficient funds fees for returned transactions Eliminating overdraft fees for paid transactions on accounts overdrawn by less than $50 Discontinuing extended overdraft fees for consecutive days overdrawn. “As Learn more about our products and services at popularbank.com.

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Smart Glasses Firm Vuzix Launches AI-Powered Facial Recognition

PYMNTS

The smart glasses are in use in the UAE for “security operations,” and there are about 50 in circulation currently. The technology has been used by law enforcement in Oregon and Florida. It’s mainly meant for law enforcement, although it has some consumer applications. The glasses don’t tag and store new faces.