JCPenney Seeks $450M In Financing Amid Potential Bankruptcy Filing
JCPenney Seeks $450M In Financing Amid Potential Bankruptcy Filing
May 13, 2020  |  Retail

As it mulls a potential bankruptcy filing, JCPenney is in discussions with lenders to secure funding of $450 million. The debtor-in-possession (DIP) financing would make...

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Platforms, Marketplaces Woo Gig Workers With Timely Payments
Platforms, Marketplaces Woo Gig Workers With Timely Payments
May 13, 2020  |  Gig Economy

Gig workers (freelancers if you prefer) are starting to get the attention and support they’ve earned. It’s been a long time coming — ask almost...

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Food Service Equipment Sellers Navigate An Uncertain Industry Future
Food Service Equipment Sellers Navigate An Uncertain Industry Future
May 13, 2020  |  B2B Payments

With restaurants switching their business models to curbside pickup or delivery only — or are outright shuttering their doors for the time being — the...

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Card Ecosystem Elevates Its Value Prop For Corporates
Card Ecosystem Elevates Its Value Prop For Corporates
May 13, 2020  |  B2B Payments

As commercial card transaction volumes climb, two of the industry’s biggest players – Visa and Mastercard – have each announced new solutions designed to enhance...

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COVID Creates A Seller’s Market In reCommerce
COVID Creates A Seller’s Market In reCommerce
May 13, 2020  |  Payment Methods

Whether it’s called “certified pre-owned” or just plain “used,” reCommerce has never been hotter. Online marketplaces are well-situated for a COVID-triggered digital shift, personified by...

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Pizza Delivery Platform Slice Nets $43M To Boost Online Ordering
Pizza Delivery Platform Slice Nets $43M To Boost Online Ordering
May 13, 2020  |  Investments

Online pizza delivery firm Slice was the beneficiary this week of a $43 million investment from private equity firm KKR & Co. Get the Full...

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Visa Expands Visa Token Service, Eyes eCommerce ‘Balancing Act’
Visa Expands Visa Token Service, Eyes eCommerce ‘Balancing Act’
May 13, 2020  |  VISA

Visa said Wednesday (May 13) that 28 new partners — spanning a range of gateway acquirers and technology partners —  are joining Visa Token Service...

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Booking Holdings Chief Says Gov’ts Should Incentivize Consumer Travel
Booking Holdings Chief Says Gov’ts Should Incentivize Consumer Travel
May 13, 2020  |  Travel Payments

One solution to the pandemic’s destruction of the travel industry, according to Glenn Fogel of Bookings Holdings, could be for the government to start subsidizing...

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New Research Shows 100K+ SMBs Won’t Recover From COVID-19 Pandemic 
New Research Shows 100K+ SMBs Won’t Recover From COVID-19 Pandemic 
May 13, 2020  |  SMBs

The ongoing coronavirus pandemic will cause the death of more than 100,000 small and medium-sized businesses (SMBs), triggering a tsunami of bankruptcies nationwide, new research...

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