News

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...

Payment Methods
Goldman’s Bid For GM’s Card Business Shows Connected Commerce Lure
August 12, 2020

Is the car destined to become the next big portal for eCommerce? 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...

Investments
Mortgage, Loan Platform Blend Notches $75M In Funding At Valuation Close To $1.7B
August 12, 2020

Blend, the San Francisco-based digital mortgage and loan platform, announced it has secured $75 million in Series F funding. 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...

eCommerce
Amazon ‘Virtual Conference’ Aims To Bring Sellers, Experts Together
August 12, 2020

Amazon will have a free, three-day “virtual conference” for sellers on its platform from Sept. 1-3, the company announced on Wednesday (Aug. 12). The company said the event will feature “Amazon executives, current sellers and independent online-selling experts who will share their insights and ideas.”...