News

B2B Payments
Expensify Unveils Concierge Travel With Pandemic Safety Resources
June 16, 2020

To provide pandemic-related security functions and rescue services for corporate travelers, Expensify unveiled its Concierge Travel virtual travel assistant, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
House Investigates Bank Procedures For PPP Loan Processing
June 16, 2020

A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when making loans meant for providing COVID-19 relief, Bloomberg reported. Get the Full Story Complete the form to unlock this article...

B2B Payments
Greensill Buys Omni, Eyeing More Latin America Work
June 16, 2020

Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to 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...

Digital Banking
Monzo Sees 40 Percent Drop In Valuation In VC Deal
June 16, 2020

Online U.K. bank Monzo, fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation that is 40 percent lower than its valuation last year. Get the Full Story Complete the form to unlock this...

Google, Carrefour Team On Voice-Activated Grocery Delivery
June 16, 2020

Carrefour Group, one of the world’s biggest supermarket chains, and Google are launching a voice-activated grocery shopping service in France. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

News
Today In Payments: Walmart Acquires CareZone; Ride-Hailing Firm Grab Cuts Staff
June 16, 2020

In today’s top news, Walmart acquired health services tech startup CareZone for $200 million, and Grab will lay off more than 300 employees. Plus, WhatsApp launched digital payments features for its app in Brazil. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Square Buys P2P Startup Verse
June 16, 2020

Square Inc., the San Francisco-based payments platform, has announced it purchased Verse, the Spanish mobile app startup that allows users to make payments instantly at no cost. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fraudsters May Pocket $26B In Jobless Benefits
June 16, 2020

As much as $26 billion in unemployment benefits in the United States is either being taken by fraudsters or improperly made for one reason or another, a top federal government watchdog estimates. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Forever 21 Bailout Team May Rescue JCPenney
June 16, 2020

JCPenney may have a suitor. Reports circulating Tuesday (June 16) have Authentic Brands teaming with mall landlords Simon Property Group and Brookfield Properties teaming up to purchase the troubled retailer, which filed for bankruptcy on May 15. Get the Full Story Complete the form to...