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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. These are companies like Adore Me (lingerie), Green Goo (personal care), Shift (used cars) and Misfits Market (produce). The numbers speak for themselves.

Retail 295
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BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options

PYMNTS

This will allow the Minneapolis-based Sezzle to offer more long-term loans. Ally's dedication to its customers and commitment to innovation aligns with our own vision and culture.”. Sezzle is taking part in the growing buy now, pay later (BNPL) market.

Lending 198
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Airport Shop To Add Amazon’s Just Walk Out Tech At Newark, LaGuardia

PYMNTS

A Newark Airport store will start using Amazon’s Just Walk Out cashierless technology on March 16, just days after the company announced it was licensing the platform to retailers, according to reports on Wednesday (March 11). . OTG operates 350 restaurants and shops in 10 airports, including in Minneapolis, Washington D.C.,

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U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

Chicago 170
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Sezzle Names Former PayPal Exec To Lead Sales

PYMNTS

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. In the newly created role, he will be responsible for leading the company’s large-scale retail acquisition efforts.

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Wellness platform Branch is now a challenger bank

Bank Innovation

Against the rising tide of digital-only banks, Minneapolis-based personal finance platform Branch has taken the plunge. The four-year-old company offers a suite of personal finance tools, including payday advance, to hourly workers through integrations with employer payroll platforms, which currently include Pizza Hut and Taco Bell.

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Carl Icahn Bets On Mall Owners Defaulting On Debt

PYMNTS

The competition is “the biggest battle in the mortgage bond market today,” said Dan McNamara, a principal at MP Securitized Credit Partners, a New York hedge fund. Retail malls have also been looking at innovative ways to lease out their space.