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New York Venture Bank Seeks National Bank Charter

PYMNTS

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov. According to a Wednesday (Nov.

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Online Ordering Startup Lunchbox Notches $20M

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New York-based online ordering startup Lunchbox has raised $20 million in a Series A funding round led by Coatue and a mix of new and previous investors, according to a press release. The company is also planning strategic new hires and is looking to grab top-tier talent.

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How An Online Automotive Deal Is Fueling A Retail Trend

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Automotive sales are increasing going digital — and more consumers are buying more used products of all types online. Carro, which operates in Singapore, Thailand and Indonesia, said more than $500 million worth of vehicles were sold last year on its platform, up from $250 million in 2017 and $120 million the year before.”.

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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

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As the center of the American financial landscape, it is probably not surprising that New York was the first state to implement regulations specifically designed to cover cryptocurrency activity. For instance, Coinbase can only offer about half the coins available on its platform to New York customers. State Regulations.

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Is In-Store Beauty Immune From Online?

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The accepted wisdom of the current retail reality is that no formerly brick-and-mortar brand can operate in a vacuum from the destabilizing effects of online sales. Take companies like Ulta Beauty or Sephora ,” Davidowitz told NREI. “They are insulated from Amazon.com. Amazon can’t put makeup on you.

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US Tech Retailers Left With Empty Shelves; Mall Operator Simon Shuts Down, Restaurants Start Layoffs; In UK Fashion Store Zara Takes $323M Hit As Consumers Stockpile Food

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The restaurant firm, which is out of New York, closed each one of its eateries Friday until a later time. The National Restaurant Association, for its part, forecasts that 5 million to 7 million restaurant positions will be lost over the three months to come.

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Visa’s Authorize.Net To Provide SMBs With Offer On Super Bowl Sunday

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Visa , which is the official payment technology partner of the National Football League (NFL), will provide small- to medium-sized businesses (SMBs) with a one-day offer that will waive some of the costs connected with getting online and taking digital payments on Super Bowl Sunday (Feb. 7), according to a Tuesday (Feb.

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