News

Retail
From Resale To Rental, Apparel-Buying Undergoes Major Rethink
June 07, 2021

When Etsy announced its $1.6 billion acquisition of U.K.-based secondhand fashion reseller Depop last week, it was framed traditionally, as many sizable deals are: two like-minded companies coming together to enjoy the benefits of scale from their shared synergies and cultural values. Get the Full...

Retail
G-III Apparel Sales Surge After Closing Wilsons Leather, G.H. Bass Stores
June 07, 2021

G-III Apparel Group is growing bullish on 2021, as the company racked up first-quarter results showing a turnaround from the previous year. The company also made some big changes by closing its Wilsons Leather and G.H. Bass stores. Get the Full Story Complete the form...

Banking
TD Bank On Why A2A, Digital Wallet Payments Are Key For Merchants Looking To Take...
June 07, 2021

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

B2B Payments
The Late B2B Payments Blame Game Expands
June 07, 2021

The late payments fight is a complex one, requiring an understanding of both buyers’ and suppliers’ cash flow needs, their leverage in the market and their understanding of what constitutes responsible and fair payment terms. Get the Full Story Complete the form to unlock this...

B2B Payments
Hospitality Builds A Bridge Connecting AP And Expense Management
June 07, 2021

The use of physical cash is dwindling among consumers, and the hospitality industry has been at the forefront of that shift as payments migrate towards cards. The change sets off a catalyst of payments digitization from the front to the back office, and the way...

Cross-border Payments
Goldman Sachs Teams With Visa To Streamline Cross Border Payments For Clients
June 07, 2021

Whether it is a multinational making payments to strategic suppliers or a business making payments to gig workers, the globalization of trade, and the massive shift to digital over the last 18 months have amplified the need to streamline the way that money moves between...

Ridesharing
Uber UK Ride-Hailing Numbers Bounce Back Faster Than Expected
June 07, 2021

Uber in the U.K. is back in the driver’s seat as more people head out of their homes as COVID lockdown restrictions ease. Numbers returned to pre-pandemic levels and bounced back quicker than the rideshare giant expected, Financial Times reported on Monday (June 7).  Get...

Payment Methods
P2P Goes Open Loop So Anyone Can Pay Everyone
June 07, 2021

In the ancient world, trade between civilizations was highly inefficient. To conduct commerce, a seller and a buyer had to agree to converge in a common location and overcome the barriers of an uncommon language and currency. This friction led to the eventual rise of...

Payment Methods
Musicians Get Their Own Credit Card For Smoother Royalty Payments
June 07, 2021

Last year, pop hit machine Taylor Swift publicly denounced labels’ and producers’ control of publishing, which comes down to royalties. For old-school rockers, Creedence Clearwater Revival (CCR) fans may recall that bandleader John Fogerty fought labels and bandmates for years over royalty rip-offs. Get the...