News

Retail
Ford Joins Private 5G Parade Of Car Companies
June 26, 2020

If you can’t join ‘em, beat ‘em. That seems to be the prevailing attitude behind 5G, as several car companies have taken the delay in building mass networks for the new wireless technology as a cue to create their own. Get the Full Story Complete...

Retail
Nike Says The Last Dance Will Be With Digital 3.0
June 26, 2020

The headlines about Nike’s Q4 earnings announcement focused on what would be a staggering loss at any other time. But the real story is a complete and radical repositioning of one of the world’s leading brands toward Digital 3.0. Get the Full Story Complete the...

Retail
Kanye West Collaborates With Gap On YEEZY Apparel Line
June 26, 2020

To bring apparel to consumers in a new YEEZY Gap line, Kayne West is collaborating with Gap through a partnership unveiled on Friday (June 26). The apparel collection is set to be displayed in Gap retail locations as well as on the retailer’s eCommerce website...

IPO
Lemonade Seeks $23 Per Share In IPO
June 26, 2020

Lemonade Inc., the technology-driven insurance startup, has told regulators that its initial public offering (IPO) is seeking a share price of between $23 to $26.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
H&M’s eCommerce Sales Jump Amid Temporary Store Closures
June 26, 2020

Amid a quarter in which a large percentage of its stores were temporarily shuttered during the pandemic, H&M Group saw its net sales fall by 50 percent. The retailer’s eCommerce sales, however, jumped by 36 percent in SEK and 32 percent in local currencies, according to...

Security & Fraud
Mastercard, Visa Said To Rethink Wirecard Deals Amid Accounting Scandal
June 26, 2020

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Investors Back B2B Startups With An Eye On SMB Finance
June 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Some startups focused on data aggregation to expand underwriting capabilities, while others...

B2B Payments
Data Hurdles Keep Accountants From Elevating Their Role
June 26, 2020

With more organizations embracing FinTech in the back office, businesses are increasingly aware of the importance of data integration between various portals. FinTech solution providers have moved quickly to fulfill that need, yet manual data entry, missing or inaccurate information, and other data-related pain points...

Faster Payments
Deep Dive: Using Digital Payroll Tools To Maintain Financial Lifelines In Uncertain Times
June 26, 2020

The United States federal government sought to disburse more than $1 trillion in stimulus funding in the early days of the COVID-19 lockdown to help businesses stay afloat and pay citizens for urgent expenses. The money was sent out by check and direct deposit, yet...