News

International
Etsy Wipes Out $4M in Ukrainian Seller Balances
February 28, 2022

Crafts-focused marketplace Etsy on Monday (Feb. 28) canceled all balances owed by sellers in Ukraine on its platform, totaling almost $4 million in listing fees, transaction fees and more, as the country is in under attack by Russia. Get the Full Story Complete the form...

Retail
Overstock CEO: More Photos, Videos, Metaverse-Like AR Needed to Cut Furniture Returns
February 28, 2022

At a time when rising freight and handling costs are complicating already lean inventory levels and compressed delivery times, retailers have never been more interested, or incentivized, to reduce product returns — especially when they’re big and bulky items like furniture. Get the Full Story...

Latin America
Paramount on Supporting a Diverse Payments Mix to Boost Streaming and Subscription Services in Latin...
February 28, 2022

Consumers in Latin America are trading cable TV for streaming subscriptions, pushing platforms to offer innovative payment experiences to remain competitive. In the Digitizing Payments In Latin America Playbook, Paul Del Pin of streaming and entertainment provider Paramount explains why offering a diverse mix of...

International
FinTech-Friendly Lithuania Raises Alarms After Russia’s Invasion of Ukraine 
February 28, 2022

The home country of FinTech companies such as Revolut or the account-to-account payment platform Kevin recently declared a state of emergency in response to Russia´s assault of Ukraine.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Mobile-First Mindset More Important Than New Tech in Boosting Faster, Simpler B2B Payments
February 28, 2022

Payments executives and chief financial officers want more from their business payments than just making them digital: They expect an experience that mimics the ease and convenience of retail payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cross Border Commerce
Integrating Cross-Border Payments, eCommerce Solutions Smooths Path to International Sales
February 28, 2022

As the pandemic does a slow fadeout, eCommerce companies are increasingly looking to expand their cross-border reach without taking on the administrative and payments headaches that seeking conversions in other markets typically involves. Get the Full Story Complete the form to unlock this article and...

Payment Methods
UK Car Dealerships Leverage Open Banking To Reduce Payment Processing Fees
February 28, 2022

Payment processing fees are an unavoidable pain point for many businesses, both large and small, but for merchants in the automotive sector, the impact on their bottom lines can be particularly severe. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
Global Banks Rush to Comply With Russian Sanctions
February 27, 2022

Senior management and compliance teams at major banks have been working vigilantly to understand the new sanctions imposed on Russia, Reuters reported Sunday (Feb. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
India’s New B2B eInvoicing Rule Could Impact 180,000 Companies
February 27, 2022

A government official in India has said mandatory electronic invoicing of business-to-business (B2B) transactions, or any company with annual turnover above ₹20 crore, will bolster the country’s goods and services tax (GST) registrations. Get the Full Story Complete the form to unlock this article and...