News

Retail
Digital Shift Puts Its Feet Up On Furniture Business
August 05, 2020

The digital shift is definitely extending to online furniture sales, with two companies — Wayfair and Blueport — reporting stratospheric increases in sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Walmart’s New Subscription Service Is Once Again Delayed
August 05, 2020

In a bid to challenge Amazon, Walmart had planned to launch a new subscription service called Walmart+ in July — but that month came and went, and there was no sign of the retail giant’s next big move. Get the Full Story Complete the form to...

B2B Payments
The Corporate Card Goes Contactless
August 05, 2020

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. This week’s roundup of Commercial Card Innovation also finds growing interest in digitizing and mobilizing the corporate card, either through...

B2B Payments
Maintaining Control When Employee Spend Looks More Like Procurement
August 05, 2020

The expense report has come a long way since the days of paper spreadsheets and stapled receipts. In the last decade, automation technology has closed the gap between booking a business trip and filing an expense report for reimbursement, significantly easing friction for both employees...

Security & Fraud
Study: COVID-19 Fraud Reaches $100M
August 05, 2020

SocialCatfish.com, the identity verification nonprofit, reported U.S. losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

eCommerce
How Thrasio Turned Buying Amazon Third-Party Sellers Into A $1B Business
August 05, 2020

In Greek mythology, Thrasos is the character that personifies boldness. Drop the ‘os’ and add an ‘io,’ and it’s a company that personifies the fast track to digital commerce success. Thrasio has taken its Amazon-centric business model to a high level at high-speed, snapping up...

Security & Fraud
Fiserv: Merchants And The Need For Multilayered Security In A Digital-First World
August 05, 2020

The degree to which COVID-19 has converted consumers to digital channels is very visible with a quick glance at the data. Tim Horton, head of global merchant security and fraud solutions at Fiserv, told a recent PYMNTS Masterclass that online purchases have more than doubled year...

Investments
Volante Nets $35M To Expand Cloud Tech
August 05, 2020

Volante Technologies, which works in cloud payment processing, announced a $35 million growth equity funding round led by Wavecrest Growth Partners, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
The Home Depot Ramps Up Distribution To Meet Demand From Remodelers
August 04, 2020

Banking on the odds that Americans will continue a recent trend of performing extra repair and remodeling on the homes they’re stuck in due to COVID-19, The Home Depot announced on Tuesday (Aug. 4) that it is moving quickly to open three new distribution centers...