News

B2B Payments
Restaurant Marketplace Launches B2B Payment Platform notchPay
March 10, 2022

Restaurant supply chain marketplace notch has launched notchPay, the first payment platform for its customers, the company said in a Thursday (March 10) news release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
South Korean Regulator Releases Rules on in-App Payments
March 10, 2022

South Korean telecommunication regulators have banned Apple Inc., Alphabet’s Google and other app store operators from forcing software developers to use their payments systems, The Korea Herald reported Thursday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Faster Payments
Axle Debuts New Freight Carrier Payments Program
March 10, 2022

Axle, a payments automation and financing platform for the freight and logistics industry, on Thursday (March 10) unveiled its new carrier payments solution, Axle Wallet, which allows freight brokerages and shippers to pay their carriers with their own capital through Axle’s payments network. Get the...

Investments
Barcelona’s Yaba Nets $83M in Funding Round
March 10, 2022

Yaba, a Barcelona-based aggregator for digital brands that sell on Amazon, has raised 75 million euros (about $83 million) in a funding round, EU-Startups.com reported Thursday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
McDonald’s Estimates Russian Eatery Shutdown Will Cost $50M Monthly
March 10, 2022

While McDonald’s is still calculating the actual cost of temporarily shuttering its eateries in Russia, the world’s largest fast-food restaurant chain estimates it will lose around $50 million per month, or roughly 5 cents to 6 cents per share, CFO Kevin Ozan said during a...

Banking
Bank of America Introduces ACH Positive Pay on Its CashPro App
March 10, 2022

With business clients from Bank of America using mobile devices to manage their treasuries and payments more often, the bank is rolling out its new ACH Positive Pay on its CashPro App, according to a Thursday (March 10) press release. Get the Full Story Complete...

Ridesharing
Today’s Business Travel Includes Occasional Trips to the Workplace 
March 10, 2022

Business travel is returning, and in some ways it’s looking different than it did before the pandemic. For one thing, more of this travel is taking people to and from the workplace.  Get the Full Story Complete the form to unlock this article and enjoy...

Payment Methods
Aggregators Compete to Offer Most Frictionless, Flexible Payment Experience
March 10, 2022

At the core of restaurant aggregators’ value proposition for consumers is the instant, on-demand convenience they offer, promising to provide what customers want, when they want it. As such, to maximize value, aggregators must provide the most seamless and flexible experience. Get the Full Story...

Retail
Build-A-Bear Workshop eCommerce Sales Slow Down Significantly in Fiscal 2021
March 10, 2022

Investors didn’t respond kindly to Build-A-Bear’s fiscal 2021 earnings report Thursday (March 10), dropping its stock about 15% in early trading after the company said its eCommerce business jumped only slightly in Q4 and store closures hampered the business for most of the three months....