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4 tips for better vendor management

Independent Banker

There’s a host of regulatory guidance when it comes to vendor management, but community banks also have wiggle room to craft their own policies. Managing all of your bank’s vendors can be a tall order, especially for community banks that rely on dozens or even hundreds of vendors. In addition to its vendor management platform, $2.2

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Mall of America Skips Mortgage Payments Before June Reopening

PYMNTS

As an indication of how much retail real estate owners are struggling amid the pandemic, The Mall of America has reportedly skipped two payments on its mortgage of $1.4 Research firm Trepp found that the Triple Five Group-operated shopping center missed the April and May payments for its mortgage, CNBC reported.

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Pandemic Brings Dark Days For Department Stores

PYMNTS

a veritable “who’s who” of retailing legends, including Macy’s, Nordstrom, JCPenney and Sears. s Centre for Retail Research, 2,123 stores operated by 38 large and medium-sized retailers – which employed 49,200 staff – fell into administration in the first six months of this year. s John Lewis – and, in the U.S.,

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Mastercard Adds Another Digital Tool For SMBs

PYMNTS

Six key elements are examined: business strategy, management and operations, growth and marketing, getting paid, making payments and protecting employees and customers. Fortunately, Cadore quickly pivoted her business to focus on online sales and partnerships with online retailers.

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Wegmans Places Purchase Limits On Items To Prevent Panic Buying

PYMNTS

Wegmans issued guidelines and safety measures to manage shopping crowds during the holiday season. The accelerating cases are triggering further reductions in business operating hours and new commercial lockdowns, yet there has not been news of additional financial assistance from the federal government.

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Closing eCommerce’s Last-Mile Gap

PYMNTS

Shookit is still operational today in Tel Aviv under new management, while Shookit/Bond’s Co-founders Hachmon and Michael Osadon jumped across the pond to bring its last-mile logistics services to New York, with plans to expand to a host of major U.S. No matter where it is, it will likely be a welcome add-on.

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Pandemic Gives A Lift To Voice Assistant Technologies

PYMNTS

percent of millennials who have moved online to manage their retail lives during the lockdown said they expect to at least partly continue doing so in the future. Other common uses included making phone calls, managing schedules and running a person’s smart home technology. Voice AI’s New Role as Retail Clerk? Another 41.8