News

B2B Payments
AP/AR, Payments Yield To The Processing Might Of Automation
December 18, 2020

There’s simply no longer the time or bandwidth for manual accounts payable (AP) and accounts receivable (AR). Since there’s no way back, the payments industry is now cutting new pathways. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Livestream Auction Startup Whatnot Notches $4 Million Seed
December 18, 2020

The livestream collectibles auction platform Whatnot has raised $4 million in a seed funding round backed by Scribble Ventures, Wonder Ventures, Y Combinator, and others. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Nordstrom Launches Same-Day Gift-Delivery Service In New York City
December 18, 2020

Nordstrom is leveraging the coronavirus-fueled appetite for digital shopping and same-day delivery by rolling out a service that will deliver through Christmas Eve in the New York City area, the company said in a press release on Friday (Dec. 18). Get the Full Story Complete...

B2B Payments
AP/AR Automation Takes On Paper Tiger For The Future Of Treasury
December 18, 2020

Something’s going to happen with paper checks, paper invoicing — the whole paper thing on a grand scale — and businesses need to be ready for that eventuality. It’s one definition of “resilience,” of which much is needed during this time of upheavals and unknowns....

B2B Payments
Enterprise Cloud Platform Company Takes The B2B Venture Capital Lead
December 18, 2020

This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. landed funding rounds. But it was a Bellevue, Washington-based beauty and wellness industry enterprise software...

B2B Payments
Change Is The Operative Word For CarParts.com CFO
December 18, 2020

For many more reasons than the obvious strains of the pandemic, it has been an eventful year at CarParts.com. November saw record-setting sales as the “do it for me” economy transformed to “do it yourself.” Also in November, the company launched a national ad campaign...

Security & Fraud
Microsoft Products Targeted In Russian Hack, Report Says
December 18, 2020

Microsoft has been hacked as part of what officials say could be a Russian campaign that hit multiple U.S. government agencies, Reuters reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payment Methods
Why Making Incentives Smart Could Just Kill The Coupon
December 18, 2020

The standard coupon experience isn’t great for either the consumer or merchant. The customer has to keep track of a piece of paper or code to hand over at the point of sale, while the merchant gets a fraction of the transaction’s funds and must...

IPO
Poshmark Files For IPO After Posting Record Profits
December 18, 2020

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...