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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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What Evine’s Surprisingly Dramatic Journey Means For The Future Of Home Shopping

PYMNTS

It made a largely unreported acquisition of a firm called STARTEK earlier this year, and although it may sound like an acquisition more appropriate for Jeff Bezos’ Blue Origin space exploration firm, the business is a call center operator and engagement outsourcing specialist. real estate. Evine is getting ready to expand.

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Blue Apron Turns 7 As Meal Kit Industry Grows Up

PYMNTS

We at PYMNTS, being writers, don’t do cakes and gifts for birthdays, but instead prefer writing retrospective stories like this, treatments that serve not only as a history of a particularly newsworthy company, but also a glimpse into the future of the industry in which it operates. Back to 2012.

Industry 110
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Blue Apron Marks Seventh Birthday Amid Meal Kit Industry Changes

PYMNTS

We at PYMNTS, being writers, don’t do cakes and gifts for birthdays, but instead prefer writing retrospective stories like this, treatments that serve not only as a history of a particularly newsworthy company, but also a glimpse into the future of the industry in which it operates. Back to 2012.

Industry 100
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The ICBA 22/23 executive committee is all in

Independent Banker

At-large director Jill Sung (not pictured), President and CEO, Abacus Federal Savings Bank, New York City. Bank Operations and Payments chair Alice P. Hartings: ICBA’s ThinkTECH Accelerator brings fintechs and community banks together to enhance bank operations and the customer experience.

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Can Subscription Commerce Revive Floundering Movie Theaters?

PYMNTS

The story from there is familiar — satellite dishes, DVDs, cord cutting, streaming — the choices for on-demand home viewing entertainment have exploded exponentially with each new, widely adopted technological advancement. The New York City-based company had surpassed 500,000 subscribers as of late September.

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CEO Roundtable: Ideas for a successful 2023

Independent Banker

Anita Drentlaw , CEO, president and CFO at $190 million-asset New Market Bank in Elko New Market, Minn. Jill Sung , president and CEO of $325 million-asset Abacus Federal Savings Bank in New York City. Q: What new technology is your bank planning to invest in during 2023?