News

eCommerce
What Merchants Should And Shouldn’t Outsource
July 07, 2020

Online merchants should focus their internal resources on their core business applications, sticky.io Chief Technology Officer Clark Huang told PYMNTS in a recent podcast conversation. There are parts of a company’s eCommerce experience where it makes sense to keep them in-house, but other parts where it...

Payments Innovation
From Why To How Fast: Getting Contactless Payments Up To Speed In Public Transportation
July 07, 2020

COVID-19 is derailing public transportation the world over, but Fernando Souza, vice president at payments platform CyberSource tells PYMNTS it’s also creating a huge push toward replacing cash and paper tickets with contactless payments. The conversations with transportation systems are no longer about 'why' but...

eCommerce
US Online Grocery Sales Hit $7.2B In June
July 06, 2020

Online grocery sales growth continued in June as the pandemic continued to shape the way people shopped for necessities like food, according to a new survey by Brick Meets Click. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Retail Foot Traffic Dips As COVID Cases Rise
July 06, 2020

In the past two weeks, shopping levels have fallen again as coronavirus cases surge in the United States, CNBC reported. 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
Wirecard Exec Who Ran Unit At Heart Of Scandal In Custody In Munich
July 06, 2020

Wirecard executive Oliver Bellenhaus, 46, has been arrested in Munich for his alleged central role in the massive worldwide fraud case currently enveloping the company, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Square Rally Sees Firm’s Valuation Nearing Major Banks
July 06, 2020

With a rally in shares, Square‘s valuation is approaching the level of some of the biggest U.S. banks, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Greensill Accelerates Payments To UK Pharmacies With Forecasting
July 06, 2020

Greensill is aiming to offer financial assistance to pharmacies in the United Kingdom with a payment technology it created with the NHS Business Service Authority (NHSBSA), according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
UK’s Starling Bank Seeks Government Grants To Build New SMB Offerings
July 06, 2020

After a fund supported by the European Union granted it £100 million, Starling Bank is seeking grants worth as much as £35 million. The upstart financial institution is seeking two grants — £25 million and £35 million — from Banking Competition Remedies (BCR) funding to make...

eCommerce
MercadoLibre Gross Merchandise Volume Soars 73 Pct In April
July 06, 2020

Buenos Aires-based eCommerce market MercadoLibre has seen a boost thanks to the pandemic, with shares climbing above $1,000 and sales spiking, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...