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FedEx Eyes Stake In Germany’s Hermes Delivery Service

PYMNTS

The Memphis-based delivery company has instead seen a massive upswing in low-margin personal home deliveries as people start to shift to eCommerce during the pandemic. FedEx has felt the pressure of the pandemic as online sales increased almost 50 percent during the month of April.

Memphis 215
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Shuttered Sam’s Club Converted Into eCommerce Center

PYMNTS

Once completed, the new center will serve as a regional hub for Sam’s Club online orders and will cover several hundred miles around Chicago. In June, the retailer unveiled a new fulfillment center in Memphis. Currently, the company is planning to have the hub up and running by the end of 2018.

Chicago 101
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COVID-19 Vaccine Could Complicate Holiday Shipping Delays

PYMNTS

According to Adobe Analytics, online holiday sales are expected to trounce previous records, leaping 33 percent over 2019 to $189 billion in the U.S. But that, of course, leaves the half that had not. Many of whom, the data showed, will be shopping digitally this year. As I watch this at 11 a.m.

Michigan 179
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CFPB issues annual fair lending report

CFPB Monitor

One of those actions is an action brought jointly with the DOJ and OCC against Trustmark National Bank (TNB) which alleged TNB engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in Memphis, Tennessee.

Lending 148
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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 257 $45 36 Bambu 39 2016 Memphis 166,000 2.3 The post Top 63 Online Digital Banks for U.S. Elon Musk’s second startup, X.com (now PayPal), launched in 1999.

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DHL: Strengthening Fulfillment’s Weakest Link

PYMNTS

The question of supply chain management – of tracking the continuum from online ordering to picking to packing to navigating the last mile – hangs over seemingly every business conversation these days. Amid the headlines over the Coronavirus , and with the ongoing shifts in trade disputes between the U.S.

Memphis 142
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Mobile Wave Makes Cost-Cutting Easier for First Horizon

American Banker

The Memphis company's forecast for the remainder of the year calls for cost saves from a branch-reduction effort that's gaining momentum as online and mobile banking grow and monthly visits to branches plummet.

Memphis 28