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726eCommerce Media Gets Its Own Upfront Event
At a time when retail revenue is precious and the shift to Digital 3.0 is white-hot, eCommerce media is becoming a bigger...
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666Virtual Shopping Finds Its Moment
Virtual shopping is having a pandemic-driven moment. Several retail brands as well as designers have taken this twist on personal shopping to...
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790Regional Banks Guide Corporates To Future-Proof Accounts Payable
Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by...
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687B2B FinTechs Show Signs Of Mid-Year Venture Capital Lull
Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their...
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1.1KVicarious: There’s Robots, Then There’s ‘Robots-As-A-Service’ Model
Jeff Bezos, Elon Musk, Mark Benioff and Mark Zuckerberg all have something in common other than being billionaires. They all invest in...
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980The Six Retail CEOs Who Could Set Off Fireworks This Year
Retail CEOs faced a parade of problems in 2020’s first six months, but some executives look ready to set off plenty of...
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1.1KSoftBank-Backed OPay Pauses Ride-Hailing, Logistics Services In Nigeria
OPay, the SoftBank-backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban,...
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1.0KInsurance Tech Firm Lemonade Soars 139 Pct On First Trading Day
Tech companies’ initial public offerings (IPOs) can be grossly mispriced, as evidenced by some companies like Lemonade and Agora which have leapt...
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994Chinese Banks Vie For SMBs With New Virtual Bank Applications
New Chinese lender Ping An OneConnect, along with HSBC, are both working to help ease small- to medium-sized businesses (SMBs) into new...
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1.2KAudit Standards On Hot Seat In Wake Of Wirecard Scandal
The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the...
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1.0KPurple Carrot Single-Serve Meals Come To Whole Foods Market
To provide single-serve frozen products in retail stores, Purple Carrot has rolled out its completely plant-based meals at most Whole Food Market...
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1.2KFirms Gravitate To Remote IPOs For Cost And Time Savings
Is the “virtual” initial public offering (IPO) here to stay? At a time when the coronavirus fallout has dashed the dreams of...
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1.0KSenators Push For Bill That Would Force Retailers To Accept Cash
If two U.S. senators get their way, cash will be king. Sens. Robert Menendez (D-New Jersey) and Kevin Cramer (R-North Dakota) have...
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1.5KCorporate Debt Rises As China Tries To Heal From Pandemic
Chinese policymakers have been trying to multi-task between fighting pandemic-related economic damage and fueling a new debt bubble from recent spending, according...
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1.3KMacy’s Considers Options For Black Friday Amid Pandemic
As it starts to consider the holiday season in the age of social distancing, Macy’s Chairman and CEO Jeff Gennette noted on a recent...
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1.2KFood Delivery Expects No Summer Slowdown
As Americans head into Fourth of July barbecues and related celebrations, they are showing few, if any, signs that they’re declaring independence...
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1.2KOxbury, ClearBank To Help Farmers With B2B Payments
U.K.-based specialty bank Oxbury will use ClearBank’s cloud banking platform to help farms and food producers access U.K. payment schemes and B2B advantages,...
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919Germany’s Financial Regulator Calls Wirecard Scandal ‘Criminal’
The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 billion accounting scandal at the center of Wirecard AG’s...
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1.2KGermany’s Deutsche Bank Offers A Lifeline To Wirecard Bank
Deutsche Bank, the Frankfurt-based multinational financial services company, is in talks with regulators to rescue Wirecard Bank, the deposit-taking division of the German...
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2.4KToday In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
In today’s top news, the CEOs of the four biggest tech companies will testify before Congress over antitrust issues, and Venmo introduced...
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1.2KDiscount Retailer Primark Predicts Substantial Loss
Primark, the Irish fashion retailer, is expected to take a huge financial hit due to COVID-19, the Financial Times reported. The Dublin-based...
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1.2KPalantir Technologies Seeks Nearly $1B From Investors
Palantir Technologies has a lot of irons in the fire as it reportedly gets ready for an initial public offering (IPO), including...
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1.5KCorona Beer Parent Company Tops Off DTC Trend
The direct-to-consumer (DTC) trend attracted another big name this week, as Corona beer’s parent company, Constellation Brands, acquired media agency owner Gary...
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1.1KPandemic Brings Dark Days For Department Stores
If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its...
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1.2KWalmart To Transform Parking Lots Into Drive-In Cinemas, Offer Virtual Camp
To provide entertainment to families amid the coronavirus pandemic, Walmart unveiled a virtual experience and an in-person “contact-free” experience. The events include...
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1.2KApple To Shutter 30 More US Stores Again Amid Pandemic
As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores...
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786Merchants Solving For Data Compliance
Driven by COVID-19 fears and stampeding online, consumers overwhelmed many businesses in 2020 that were unprepared for drastic, sudden eCommerce volume. That...
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1.1KWirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst &...
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1.3KPayroll Cards Find Opportunity In Corporates’ Digitization Push
With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity...
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1.4KSoftBank-Backed Lemonade Soars Above $3B Valuation On First Day Of IPO Trading
Lemonade, the insurance startup backed by Japan’s SoftBank, soared on its first day of trading Thursday (July 2), rising more than 100...
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1.8KVenmo Pilots Business Payments For Micro SMBs
Venmo will introduce a new feature for businesses to accept payments separate from the individual owner’s account, a press release says. The...
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2.3KUber To Continue Mandating Masks Into July
Uber will be requiring drivers and riders to wear masks for the forseeable future, Reuters reported. The rule, put in place May...
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1.6KThe Economic – And Ergonomic – Value Of Commercial Card Optimization
Corporates of all sizes and verticals are taking an introspective look at internal operations to pinpoint areas of opportunity for working capital...
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1.6KNew Marg ERP Feature To Aid Social Distancing In B2B Payments
A new digital, contactless feature for India-based software developer Marg ERP will hopefully help users maintain social distancing when working with retailers...
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1.2KUK Treasury Nixes Idea For New Coronavirus Funding Scheme
The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of...
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959New Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud
As a one-size-fits-all solution does not exist for the increasing problem of synthetic identity fraud, The Federal Reserve reports that experts suggest...
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1.0KSoftBank Wants Out Of Wirecard Partnership After Last Year’s $1B Investment
SoftBank is looking to put distance between itself and Wirecard due to the German payments company’s ongoing scandal involving missing money and...
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1.6KDawn Foods Debuts B2B Program For Bakeries
Global bakery manufacturer and ingredients supplier Dawn Foods has introduced a new eCommerce platform for bakeries, according to a press release. The...
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1.3KSurecomp Rolls Out Suite For Tracking Trade Finance Needs
Surecomp, which works in global trade finance and treasury solutions for banks and corporations, has launched a Trade-Finance-as-a-Service suite to help parties...
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925BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard
The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing....
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1.2KFTC Reports Record Surge In eCommerce Complaints Amid Pandemic
While online purchasing has skyrocketed since March as the country shut down as a defense against COVID-19, so have complaints to the...
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1.3KIFC, Citi Launch $800M Fund To Support Trade Finance In Emerging Markets
The International Finance Corp. (IFC) and Citigroup Inc. have established an $800 million fund to boost trade finance in emerging markets. IFC, the Washington,...
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1.2KToday In Payments: Senate Approves Five-Week Extension For PPP; Document: Wirecard Depended Upon Few Clients
In today’s top news, the Senate extended the PPP application deadline by five weeks, and an internal document reveals a small client...
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1.2KLuckin Wraps Probe Into $300M In Fake Coffee Sales
Luckin Coffee announced on Wednesday (July 1) the completion of an internal probe that blames the company’s former CEO and COO for...
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2.3KEU Awaits Launch Of Payments Network Challenger This Week
A group of big European banks is planning to challenge Visa’s and Mastercard’s positions as the world’s two largest payment processing networks,...
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4.8KOCC: Banks Face Higher Compliance Risks Due To Pandemic
The pandemic has heightened risks for pretty much everyone, including U.S. banks. The Office of the Comptroller of the Currency (OCC) said...
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2.2KPandemic Continues To Dull Allure Of Luxury Goods
COVID-19 continues to take the shine off luxury goods. Despite some signs of improvement this month, LVMH, the world’s biggest luxury goods...
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1.5KWalgreens Adds To Digital 3.0 Momentum
The digital shift at retail continued its momentum this week as Walgreens and Lululemon both made significant moves to embrace the online...
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1.4KMacy’s Takes $3.1B Charge As Pandemic Dampens Outlook
Macy’s Inc. recognized a $3.1 billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due...
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1.3KPolice Raid Wirecard’s Offices In Two Countries
A team of investigators raided Wirecard AG’s offices in two countries as part of the probe into the 1.9 billion euros ($2.1...
