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Citizens Access Targeting ‘Optimizers’ to Grow Deposits Beyond the Bank’s Footprint

Bank Innovation

Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.

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How Charitable Giving Boosts Online BNPL Sales, Customer Engagement

PYMNTS

Retailers are not just looking to donate a percentage of profits to a charity or cause, either, but are also seeing it as a way to foster customer engagement. This has helped grow the business and connect with other businesses,” said Jeremy Smith , who runs charitable outreach at Casely and operates as its head of product. .

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Kohl’s To Debut New eCommerce Facility, Small-Format Stores

PYMNTS

Retailer Kohl’s will boost both its brick-and-mortar and eCommerce capabilities this year by adding four small-format, brick-and-mortar locations to its roster of stores and a fifth eCommerce fulfillment center. 2017 will be located in Rhode Island, Ohio, New Jersey and California.

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In Europe, Single Data Market Looms?

PYMNTS

tech firms’ dominance across online platforms, and the collection and use of data. Reports this past week came that the government will require larger tech companies to submit reports detailing their business practices each year to provide transparency on their operations – and give advance notice of changes.

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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

To be successful, restaurant operators will look to strike the perfect formula of on- and off-premises for their business as consumers strive for convenience, but continue to look to the social escape that restaurants provide. That explains why Seamless and Door Dash are investing in logistics and operational costs.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. New Frontiers in Retail Tech. RESTAURANTS.

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EU Begins Antitrust Probe Into Amazon, Fines Qualcomm

PYMNTS

The commission said it is investigating the “standard agreements” between Amazon and third-party merchants and how “the use of accumulated marketplace seller data by Amazon as a retailer affects competition.” Amazon said in a statement that it would “co-operate fully with the European Commission.”