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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

There’s arguably no more polarizing macroeconomic issue in the retail world than the fate of the American mall. The problems start with how retailers view and serve the customer. But apparently they’re doing something right in Philadelphia. Caught in the middle of this customer squeeze are real estate investment trusts (REITs).

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Senators Push For Bill That Would Force Retailers To Accept Cash

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The Payment Choice Act is aimed at businesses that refuse to accept cash as payment or retailers that charge a fee for cash transactions, the network reported. We’re most encouraged to see such widespread bipartisan support for the Payne bill,” Bruce Renard, executive director of the National ATM Council, a coalition member, said in May.

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European Mall Operator Citycon Works On BOPIS Service

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Citycon runs 40 shopping centers throughout Estonia and the Nordic nations, Bloomberg reported. In one case, Simon Property Group has reportedly been in discussions with Amazon to transform some vacant retail space into fulfillment hubs for the eCommerce retailer.

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ATMIA Weighs In On Cashless Retail Ban Debate

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Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week. Much has been made of the coming of the cashless society.

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Today In Digital-First Banking: MercadoLibre Gets License From Brazil, Alacriti Collaborates With Glia On Customer Service

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The new license from Ireland’s financial services watchdog will let it provide its services throughout 26 European nations. More than 3 million retailers harness its technology. SumUp has been active in Ireland as of 2012 and has introduced digital payments to thousands of companies.

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Digital Shift, COVID Fears Push Black Friday To Brink Of Irrelevance

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A summer headline from The Philadelphia Tribune declared: “Black Friday as we know it is finally dead.” As Scott Rankin, principal and national consumer and retail strategy leader with KPMG US, told the Tribune , "with everything that's going on, there may be no Black Friday at all. There are so many risks to that,” he said.

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Reinventing Retail’s ‘Anchor Store’ For The Omnicommerce Age

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That Amazon is a widely lionized yet simultaneously imitated force in retail is not surprising. Ever since Amazon introduced a one-click checkout, a loyalty program that people willingly paid for, two-day shipping that has compressed to same-day delivery, attempts at reinventing retail by everyone in it have been never ending.