News

Retail
Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic
November 03, 2020

These are the top stories in retail for Tuesday (Nov. 3). 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...

IPO
Ant Group IPO Delay Costs Alibaba Billions In Value As Stock Drops
November 03, 2020

Jack Ma has seen his net worth plunge by $3 billion after the Ant Group double initial public offering (IPO) was suspended on Tuesday (Nov. 3) by Chinese regulators, according to a report from Business Insider, which quoted numbers from Bloomberg’s Billionaire Index. Get the...

Retail
Amazon Pledges To Fight Price Gouging As Demand Rises For Necessities
November 03, 2020

Amazon has to keep up fighting off price gouging on its eCommerce platform, as a new wave of COVID-19 infections has prompted more panic buying, Fox Business reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Hong Kong Digital Payment Platform Statrys Lands $5M
November 03, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement. Get...

IPO
Airbnb Establishes Host Endowment Ahead Of IPO
November 03, 2020

Airbnb is earmarking 9.2 million shares to fund an endowment to support its hosts as the Silicon Valley unicorn prepares for an initial public offering (IPO), the company said in a recent statement. Get the Full Story Complete the form to unlock this article and...

Partnerships / Acquisitions
Repay Holdings Seals Deal For CPS Payment Services
November 03, 2020

Repay Holdings said on Tuesday (Nov. 3) that it has completed its multimillion-dollar acquisition of CPS Payment Services, a B2B payments and accounts payable (AP) automation technology provider. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Cybercrime Botnet Chief Ordered To Prison In $100M Scheme
November 03, 2020

A Russian cybercriminal was sentenced to eight years in prison for his role in a sophisticated Botnet conspiracy that caused estimated losses totaling more than $100 million, according to a Department of Justice (DOJ) statement on Tuesday (Nov. 3). Get the Full Story Complete the...

B2B Payments
Alfa-Bank Signs On To Contour International Trade Finance Network
November 03, 2020

Russian financial institution (FI) Alfa-Bank has become a part of the Contour global network of trade finance. Contour lets bank clients follow the handling and revisioning of a trade finance transaction live with the help of blockchain, according to a Tuesday (Nov. 3) announcement. Get...

Retail
Wayfair, Home Furnishings Sector Looks Past COVID Winter
November 03, 2020

Go home and stay home until we sound the all-clear, they said. So, we did. 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,...