News

B2B Payments
Hiscox Teams With Thimble For Short-Duration Business Insurance
June 17, 2020

To provide business insurance plans for companies on a monthly, daily or hourly basis, small business insurer Hiscox has teamed with Thimble, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Ridesharing
Uber Inks First Deal To Manage Public Transit
June 17, 2020

With ridesharing having taken a hit from the pandemic, Uber is pushing into a new sector: public transportation. 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...

News
Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic...
June 17, 2020

In today’s top news, many jobless Americans can’t afford to seek medical care, and the Fed’s Jerome Powell said the economy is far from a full recovery. Plus, U.S. banks took a profit hit of 69.6 percent in the first quarter of 2020. Get the...

B2B Payments
Medius Brings SMB Invoice Automation Offering To US Market
June 17, 2020

To provide small companies with accounts payable (AP) automation, Medius is bringing its MediusGo invoice automation product to the American market. The cloud-based spend management provider said the offering was created to assist small and medium-sized businesses (SMBs) by allowing for effectiveness and management during...

B2B Payments
InstaReM Helps Singapore SMBs Tap T&E Credit Lines For Cash
June 17, 2020

Securing loans or credit has never been easy for small and medium-sized businesses (SMBs). 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...

Retail
Target Boosts Beginning Wage To $15, Extends Pandemic Benefits
June 17, 2020

As it invests almost $1 billion more on its team than it did last year, Target said it would permanently increase its beginning wage for staffers in the U.S. to $15 hourly. The retailer also said it would provide its frontline retail location and distribution...

Retail
eCommerce Takes Half Of Pandemic-Driven Retail Growth
June 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Clienteling Comes To Digital 3.0
June 17, 2020

Clienteling is familiar to any retailer who wants to stay in touch with their most valuable customers. But it too is now making the shift to Digital 3.0 as clienteling software platforms embrace eCommerce. Get the Full Story Complete the form to unlock this article...

Retail
Neiman Marcus Obtains Access To $250M With DIP Financing
June 17, 2020

Neiman Marcus Group has obtained U.S. court approval to get debtor-in-possession financing. The retailer said $250 million is available now and a further $150 million will be available as needed after Sept. 4, according to a statement. Get the Full Story Complete the form to...