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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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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

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. By way of example, the regulations would require a company such as Google to explain its search result processes.

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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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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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Santander Gets Hit With Fine Due To Overdraft Practices

PYMNTS

Santander is a national bank based in Wilmington, Delaware, and operates a network of close to 700 retail branch offices in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.

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Small Building Contractors Shift Gears As COVID-19 Shrinks Business

PYMNTS

president and owner of Energy-One , a heating, air conditioning and oil delivery service firm based in Rhode Island and serving that state and Massachusetts, told Karen Webster that survival is top of mind. I’m not a retailer – and I don’t get paid with a credit card at the end of the transaction.”. Thomas Vessella, Sr.,