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Square Partners With POWDR To Offer Ski Resorts Contactless Transactions

PYMNTS

“POWDR chose to partner with Square because they help elevate the guest experience from enabling fast, secure, contactless payments to integrated online-ordering solutions,” Justin Sibley , co-president of POWDR, said in the release. Bachelor, Oregon; Woodward Park City, Utah; and SilverStar in British Columbia, Canada.

Vermont 257
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
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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
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Today In Payments: Study Shows Americans’ Savings Drying Up; State AGs To Press Own Case Against Google

PYMNTS

The states leading the probe include Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah. billion in sales during Prime Day on Amazon’s online marketplace, as eCommerce activity surges in the wake of the coronavirus pandemic, the tech giant reported. Third-party sellers generated over $3.5

Google 146
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Today In Payments: COVID-19 Triggers Job Losses; JPMC First Big Bank To Shutter Branches As Virus Spreads

PYMNTS

Also, Square won a banking license for an industrial bank in Utah. The Federal Deposit Insurance Corporation (FDIC) granted Square a banking license to operate a de novo industrial bank in Salt Lake City. Square Financial Services will originate commercial loans to the retailers that use Square for payments.

FDIC 130
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Big Fizzle: The Recession Comes, Quickly

PYMNTS

Mall operators like Simon have shuttered malls. The idea of hunkering at home means that at least some economic activity shifts online. to create a de novo industrial bank in Utah — originating commercial loans to retailers who use the company for payments. But not enough to keep a recession at bay.

Maine 130
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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank. That lending operation has been fairly successful for Square, and has lent out over $1.8

Industry 108