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Today In Data: Digital Ordering For QSRs, Retail Closures And High Cyber Fraud

PYMNTS

Today in PYMNTS’ data, fast food chains are reporting consumer satisfaction following implementation of mobile order-ahead offerings, retail stores are closing at a near-record pace, “unthinkable” numbers of executives share their companies have experienced cyber fraud, real-time faster payments finally make their way to the U.S.

Fraud 101
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Coinbase Faces Class-Action Suit Over Sales Of Ripple's XRP

PYMNTS

Securities and Exchange Commission filed a lawsuit against Ripple Labs and some of its executives, alleging the company illegally skirted laws by classifying its XRP cryptocurrency as a commodity rather than a security, a Missouri man has sued Coinbase over its role selling XRP.

Missouri 160
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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

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. One consideration is the fact that economic presence within a state means that retailers have to collect and remit taxes in those states.

Taxes 116
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Retail Pulse: Best Buy Strikes Out With Small-Format Stores (But Beats On Earnings)

PYMNTS

The Verge reported that Best Buy Mobile stores were only contributing around 1 percent of overall revenue, while gobbling up more in operational costs than their full-sized counterparts. Outside of grocery, crafts retailer A.C. That’s according to Business Insider ; the retailer hasn’t been vocal about its upcoming closures.

Retail 100
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Strip Malls Gaining An Edge Over Traditional Shopping Malls

PYMNTS

Open-air shopping centers – also called strip malls or strip centers – are replacing malls as retail juggernauts, offering necessities like grocery stores, hair salons and dentists, The Wall Street Journal reported on Tuesday (Jan.14). The Jericho, New York company owns and operates open-air shopping centers. million for a 48.5

Missouri 153
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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

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Retail Pulse: goop Finds Stickiness In New York, Opens ‘Lab’; Nordstrom To Offer Early-Bird Pickup

PYMNTS

Digitally native brands often test the retail waters with pop-up shops, and, after some offline success, they may expand their concepts with permanent locations. In preparation for the holiday season this year, the retailer has updated its website and also plans to have a larger array of electronics, toys and fashion products.

New York 116