article thumbnail

Report: UnitedHealth Buys Online Pharmacy Startup DivvyDose

PYMNTS

the world’s largest healthcare company by revenue, has purchased DivvyDose, the Illinois-based online pharmacy startup, for about $300 million, sources told CNBC. CNBC reported giant retailers and health plans are acquiring online pharmacy startups as a way to make it easier for patients to access medicines.

Online 198
article thumbnail

Amazon Air Expands In A Bid To Better Manage Shipping Logistics

PYMNTS

Amazon now controls shipping about 26 percent of its online orders, according to Wolfe Research. and this year it’s opening regional hubs in Texas, Ohio, and expanding one in Illinois. The expansion includes a $1.5 billion hub in Northern Kentucky, scheduled to be open in 2021.

Kentucky 182
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. More than 230 million U.S. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116
article thumbnail

Walgreens Launches New Loyalty Program, Ups Same-Day Service

PYMNTS

Deerfield, Illinois-based pharmacy chain Walgreens has launched a revamped customer loyalty program, myWalgreens , which promises its customers new benefits as the company closes down its previous offering, Balance Rewards. Certain restrictions apply, such as for Walgreens locations that aren’t open 24 hours a day.

article thumbnail

daVinci Payments Launches CNY Funded Prepaid Cards

PYMNTS

Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. The launch makes daVinci, formerly Swift Prepaid, the first North American program manager with this offering.

Cards 147
article thumbnail

Remote Seller Taxation: A Job For Tax Automation

PYMNTS

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. Similarly, Illinois is eying close to $400 million in new annual sales tax revenue on ecommerce items shipped into the state.

Taxes 130
article thumbnail

Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

PYMNTS

The company recently said it would shutter 180 out of 380 offices in the country, while putting $115 million toward its online client offering and eliminating 1,000 positions. In addition, Illinois-based Byline Bank is to shutter 11 offices from the beginning of next year, Banking Exchange reported.