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Socn GreenBox POS Enables Same Day ACH Deposits To Business Accounts
A growing number of organizations are working to make it easier for grocers to accept, and recipients to use, Supplemental Nutrition Assistance Program SNAP Electronic Benefits Transfer EBT payments, which are commonly known as food stamps. One, Forage, has raised a $22 million Series A funding round to speed the development of its solutions that support merchants through the U.S. Department of Agriculture USDA approval process and make it easier for them to accept EBT online. This capital will help accelerate Forages mission to democratize access to government benefits, Forage Co-Founder and CEO Ofek Lavian said in an Aug. 8 press release emailed to PYMNTS.Although 250,000 brick-and-mortar locations accept SNAP benefits via EBT in-store, only a fraction have been approved to do so online, Forage said in the press release.In addition, the 42 million Americans who receive SNAP benefits often lack easy access to groc stanley mugs ery stores or want to avoid in-person shopping due to concerns about COVID-19, the company said in the statement. Forage is tackling a critical problem for consumers and merchants as more groceries are bought online, Tom Brown, partner at Nyca Partners, a FinTech specialist firm that led the stanley water bottle funding round, said in the press release. Nyca is excited to back the incredible team on their mission of making it as easy for eligible merchants to accept EBT as any other form of payment. The announcement follows the July 25 announcement stanley borraccia that Instacart is expanding Shhk Shipshape Debit Card Usage
Walmart CEO Doug McMillon said the companys turnaround, which was aimed at pushing back against Amazons dominance, is finally starting to resonate with Wall Street. In an interview with TheStreet, McMillon said Walmart has been accelerating its pace of change, which has driven the retailers stock up more than 40 percent so far in 2017. stanley shop People might be recognizing that the change is actually happening on top of some assets stanley cup that are really valuable, he said. The comments come as the stock jumped 10 percent on Wall Street late last week after Walmart posted strong earnings for its third quarter. Walmarts same-store sales figure 鈥斅爐he most-watched number in any retail earnings repo stanley kubek rt 鈥斅爓as up 2.7 percent, excluding fuel, compared with an anticipated increase of 1.8 percent. The companys eCommerce sales were up 50 percent during Q3, representing a big jump year over year, even though it fell short of the 60+ percent Walmart saw in Q2 and Q1 growth. Earnings came in at $1.00 per share, slightly edging out forecasts of $0.97 cents per share. Revenue was $124 billion with net income of $1.75 billion, or $0.58 a share. The average ticket at Walmarts U.S. stores was up 1.2 percent, helped by the rapid growth of its food business. Walmart said its grocery categories delivered the strongest quarterly comparable sales performance in nearly six years, with fresh meat, bakery and produce topping the list. Same-store sales at Sams Club, excluding fuel, climbed 2.8 percent in the fiscal thi |
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