News

B2B Payments
Why Eliminating Checks Isn’t Enough To Crush B2B Payments Fraud
July 31, 2020

On top of being a cumbersome payment vehicle, the paper check continues to pose a major risk to corporate coffers. Fraud is on the rise, from both within and outside of the organization, and bad actors continue to take advantage of the paper check’s lack...

Delivery
Dispatch CEO On Winning The Last Mile Delivery Race
July 31, 2020

American runs on trucking, from 18-wheelers to light trucks that can navigate impossible urban streets. 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,...

Digital Banking
Monzo CEO Hopes New Accounts Can Blunt Pandemic’s Impact
July 30, 2020

New Monzo CEO TS Anil said the U.K. company, badly damaged by the pandemic, is hinging on new products to survive, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
With 2Q Sales Down 19 Pct YOY, L’Oreal Plans New Product Launches
July 30, 2020

Beauty powerhouse L’Oréal is planning to launch an array of new products and advertisements to compete in a market that has been reshaped by COVID-19, Chairman and Chief Executive Jean-Paul Agon told the Financial Times. Get the Full Story Complete the form to unlock this article...

Retail
Instacart Plans To Lay Off Some Of Its Shoppers
July 30, 2020

Select part-time Instacart workers who are in-store shoppers are having their positions cut due to at least two of the company’s partners — Sprouts and ALDI — choosing to have their own staffers take the place of Instacart’s in-store shoppers as needed, CNN reported. Get...

Regulation
Rep. Waters Slams CFPB Chief For ‘Betraying Consumers’
July 30, 2020

The chairwoman of the House Committee on Financial Services unleashed a withering attack on the Consumer Financial Protection Bureau (CFPB) on Thursday (July 30), accusing the agency of failing to protect consumers during the COVID-19 pandemic and accusing its director of committing “a betrayal of consumers.”...

B2B Payments
Qolo, moneycorp Integrate For Foreign Exchange B2B Payment Solution
July 30, 2020

B2B payments hub Qolo is integrating with international payment company moneycorp in order to offer a new foreign exchange payments solution to help businesses access a less expensive, automated payment tool, according to a press release. Get the Full Story Complete the form to unlock...

B2B Payments
Quadient Acquires YayPay To Boost AR Automation
July 30, 2020

Quadient, which works to help businesses connect with customers digitally, has acquired YayPay, which works in Software-as-a-Service (SaaS) accounts receivable (AR) automation, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
World’s Largest Brewer Says Beer Is Flowing Again Post-COVID
July 30, 2020

In what may be the strongest sign yet that COVID-19 has not wrought the end of Western Civilization, the brewer of Budweiser, Corona and Stella Artois said on Thursday (July 30) that sales were up in June 2020 compared to June 2019. Get the Full...