News

B2B Payments
Finaxar, Visa Partner To Unify Spend Management For SMBs
October 15, 2020

Singaporean FinTech Finaxar has announced the launch of its Flex by Finaxar program, which will work with Visa to help small- to medium-sized businesses (SMBs) unify spend, payables and receivables, according to a press release. Get the Full Story Complete the form to unlock this...

Retail
Today In Retail News: Automotive Market Continues Comeback, Conversational Commerce Finds Its Voice
October 15, 2020

In a roundup of today’s top retail stories: The automotive market continues its comeback with a digital spin, conversational commerce is the next big pandemic-fueled trend, and Tiffany said that its preliminary sales results for August and September 2020 are positive. Get the Full Story...

Retail
Despite Amazon, Mall-to-Warehouse Conversions Are Losers, Barclays Warns
October 15, 2020

Mall owners may want to think twice before converting shuttered storefronts into trendy eCommerce warehouse hubs, a new report finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Report: FBI Cautions Homebuyers To Beware Of Wire Fraud
October 15, 2020

The FBI is warning homebuyers to be on the lookout for internet criminals who are sneaking into online conversations between buyers and mortgage companies or other participants in the sale process and providing false instructions that dupe purchasers into wiring funds to the criminals’ accounts,...

Retail
Amazon Prime Day Sees Small, Mid-Sized Businesses Rake In $3.5B
October 15, 2020

Third-party sellers generated billions in sales during Prime Day on Amazon’s online marketplace, as eCommerce activity surges in the wake of the coronavirus pandemic, the tech giant reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Late Payments Stretch Business Cash Flow As 15 Pct Of Receivables Are Overdue
October 15, 2020

In B2B, late payments were a problem – globally – even before the pandemic hit. But now, chasing overdue payments takes up time and energy that adds to other operating pressures – and torpedoes cash flow. The silver lining, as PYMNTS/American Express have found: greater attention to automating antiquated, manual AR processes. Get...

News
Today In Payments: UK Watchdog Investigates Klarna Over Email Fiasco; Mastercard, Stride Enable Benefits To...
October 15, 2020

In today’s top news, a U.K. watchdog is investigating Klarna over a recent email fiasco, and Mastercard and Stride are teaming to offer benefits to gig workers. Plus, the U.S. might add Ant Group to its trade blacklist. Get the Full Story Complete the form...

Social Commerce
Walmart Chief Says TikTok Will Accelerate New Ways To Shop
October 15, 2020

The growth of social shopping is driving the world’s biggest retailer to go after a piece of TikTok, Walmart CEO Doug McMillon told CNBC on Thursday (Oct. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
EU ‘Hit List’ And US House Antitrust Report Could Spell Big Trouble For Big Tech
October 15, 2020

Big Tech is being hit from all sides – from lawmakers and regulators – especially in the U.S. and Europe. There are reports of a “hit list” in the EU, possible injunctions, and Capitol Hill may (or may not) curtail the very ways that Apple,...