News

News
Today In Payments: Credit Card Debt Fell $1.3 Billion In January; Robinhood IPO Headed For...
March 08, 2021

In today’s top news, U.S. credit card debt fell to its lowest level since 2017, and Robinhood plans to go public on Nasdaq. Plus, Instacart is mulling a direct listing, rather than an initial public offering (IPO). Get the Full Story Complete the form to...

Banking
TCH’s CHIPS Network Now Has Longer Operating Hours
March 08, 2021

The CHIPS network from The Clearing House now accepts new payment messages as late as 6 p.m. Eastern Time effective Monday (March 8) instead of the previous 5 p.m. EST deadline, according to an announcement. Get the Full Story Complete the form to unlock this...

IPO
JD.com’s FinTech Unit Mulls Withdrawing Shanghai Public Listing
March 08, 2021

After the restructuring of Ant Group caused by changing business regulations in China, JD.com may delay taking its FinTech unit public, the South China Morning Post (SCMP) reported on Monday (March 8), citing sources.   Get the Full Story Complete the form to unlock this article...

IPO
Deliveroo Confirms London Listing Plans Despite Losing $309 Million 
March 08, 2021

London delivery giant Deliveroo could go public on the London Stock Exchange as soon as April, regardless of posting 2020 losses totaling $309 million (£223.7 million), the Financial Times reported on Monday (March 8).  Get the Full Story Complete the form to unlock this article...

eCommerce
Buyers Get Paid To Keep Returns Amid eCommerce Surge
March 08, 2021

You buy it. You keep it. On the fence about keeping it? We’ll pay you to keep it. 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...

IPO
Restaurant Software Platform Olo Kicks Off Campaign To Go Public
March 08, 2021

New York City-based Olo said Monday (March 8) that it is kicking off its roadshow for an initial public offering (IPO) of stock. Olo, which provides restaurants with ordering and delivery software, had been considering going public for over a year now. Get the Full...

Retail
Shopping Mall Solvency Back In Focus
March 08, 2021

When news emerged last week that mall operator Washington Prime Group was considering bankruptcy, few — if any — retail or commercial real estate industry watchers were surprised. After all, WPG had been trending lower since 2014 and had been downgraded deeper into junk status...

Retail
Report: Panasonic Pursuing Blue Yonder Amid Growing Clout Of Supply Chain Management
March 08, 2021

Japanese electronics giant Panasonic is reportedly pursuing an increased stake in Arizona-based supply chain management firm Blue Yonder, at a time when surging eCommerce has heightened demand for technology that can smooth the process of moving goods from suppliers to retailers to customers. Get the...

Retail
Retailers Will Be Major Beneficiaries Of Third Stimulus Check And Extended Unemployment Benefits
March 08, 2021

As the third federal stimulus package works its way through Congress and closer to President Biden’s desk, retailers and industry trade groups are poised to see a spike in consumer spending thanks to a spate of $1,400 checks that could go out by the end...