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Postmates Waves Goodbye to Community Managers

PYMNTS

As such, there will likely always be a need to adjust staff and operations from time to time. To do this, the company, which currently runs 44 locations, chose to make its operations leaner with the elimination of its community manager. This is a lesson on-demand delivery service Postmates just recently learned.

Community 100
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Airbnb Hosts Turn To Long-Term Rentals To Stay Afloat

PYMNTS

Airbnb hosts looking for alternatives to their usual operations while the coronavirus stalls the economy have begun listing their properties on other sites, according to CNBC. They are using sites that would normally be competitors of Airbnb, like Zillow , Vrbo , HomeAway , Apartments.com, Craigslist and Facebook ‘s marketplace.

Nashville 131
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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

In order to be eligible for Technology Fast 500 recognition, companies must have current-year operating revenues of at least $5 million and own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. The company announced on Thursday (Dec.

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Lowe’s To Open Four Online Shopping Fulfillment Hubs

PYMNTS

Mira Loma is the company’s second direct fulfillment center, with the first having arrived in Nashville, Tennessee in 2018. To provide further same-day and next-day services to its customers, Lowe’s Companies, Inc. Lowe’s said the efforts come amid efforts during the last year and a half to grow its supply chain.

Online 142
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10 Lessons From The Small Business Banking Conference

South State Correspondent

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Many banks were looking to install more automation to lower operating costs. Gaining operating leverage is critical to produce above-average profitability in banking.

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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.”

Marketing 195
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.