News

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...

B2B Payments
Spend Management Firm Center Unveils Card, QuickBooks Integration
July 30, 2020

Corporate spend management company Center unveiled a Mastercard-powered Center® Corporate Credit Card and a QuickBooks Online Connector on Thursday (July 30). The firm said the new functions will let finance departments bolster accounting accuracy, receive working capital, and accelerate expense deployments, according to an announcement. Get the...

Retail
Impossible Burger Makes Its Way To Walmart
July 30, 2020

The Impossible Burger vegetable-based meat alternative landed in the grocery sections of Walmart stores on Thursday (July 30). 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...

Retail
Walmart Reduces Corporate Workforce With Layoffs
July 30, 2020

Walmart has reduced its workforce by laying off hundreds in its logistics, real estate and retail location planning divisions as it simplifies its business and reduces its expenses, Bloomberg reported, citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy...