News

Partnerships / Acquisitions
New York Yankees, TikTok Sign Multiyear Deal
August 12, 2020

TikTok has inked a partnership with the New York Yankees along with the YES Network. The social media company said in a Wednesday (Aug. 12) announcement that the legendary baseball team and sports network will “bring exposure” to its community. Get the Full Story Complete...

B2B Payments
ShipStation, SAP Collab On ERP Software For SMBs In eCommerce
August 12, 2020

ShipStation, which works in eCommerce shipping, has collaborated with SAP to launch new enterprise resource planning (ERP) software, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Ascendant Joins Up With SWIFT Network For Cross-Border Benefits
August 12, 2020

AscendantFX Capital, which works in technology-based payment innovations, has joined the SWIFT Network for the benefits it offers, including better transparency and faster payments, the company announced in a Wednesday (Aug. 12) press release. Get the Full Story Complete the form to unlock this article and...

Retail
Sneakers, Athleisure And Post-Pandemic Chic Look Healthy
August 12, 2020

Looking at spring 2020 sales figures, people pretty much stopped buying everything from bras to pants, as lockdowns turned ubiquitous video staff meetings into virtual pajama parties. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Palette Unveils AP Automation Software For Construction Firms
August 12, 2020

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
DOJ Works To Shut Down Over 300 Fraudulent Websites Exploiting Pandemic
August 12, 2020

As part of its ongoing efforts to stop coronavirus-related fraud, the U.S. Department of Justice (DOJ) obtained a temporary restraining order to close hundreds of websites that purported to sell products that became scarce during the pandemic, according to a press release. Get the Full...

IPO
Lufax Is Latest Chinese Firm To File For US IPO As Crackdown Looms
August 12, 2020

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. Get the Full Story Complete the form to unlock this article...

B2B Payments
Visa Joins Phixius Pilot For B2B Payment Data Exchange
August 12, 2020

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. 12) announcement. Get the Full Story Complete the form to unlock this...

News
Today In Payments: COVID Hit UK Hard; Amex Negotiating To Buy SMB Lender Kabbage
August 12, 2020

In today’s top news, the impact of the pandemic has hit the U.K. harder than other developed countries, and Amex is eying an acquisition of small and medium-sized business (SMB) lender Kabbage. Plus, GM’s CFO is leaving the company to join Stripe. Get the Full...