News

Retail
Nike, Other Major Brands Report Millions In Bad Debt As Retailers Struggle To Pay Suppliers
July 15, 2020

The impact of COVID-19 on retailers is obvious as companies report plummeting sales, but the pandemic has also delivered a blow to the middlemen, which include makers of apparel and accessories, The Wall Street Journal reported. Get the Full Story Complete the form to unlock...

Digital Banking
Wells Fargo Shuts Millennial-Friendly App ‘Greenhouse’ To New Clients
July 15, 2020

Wells Fargo has quietly stopped accepting new users for its Greenhouse mobile-first banking app, which the bank unveiled less than three years ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Twitter Accounts Of Bezos, Buffett, Musk And Others Apparently Victims Of ATO Crypto Scam
July 15, 2020

High-profile Twitter accounts, including those of Amazon CEO Jeff Bezos, Berkshire Hathaway Chairman Warren Buffett, Tesla CEO Elon Musk and others, were taken over in a wave of hackings on Wednesday (July 15), according to CNBC. Get the Full Story Complete the form to unlock...

Security & Fraud
Germany’s BaFin Deepens Investigation Into Potential Wirecard Insider Trading
July 15, 2020

BaFin is broadening its probe regarding potential insider Wirecard stock trading to encompass all those who served on the supervisory and management boards of the payment firm this year, Reuters reported, citing a representative for the German financial regulator. BaFin is also eyeing every Wirecard trade during the last couple...

Retail
Chipotle To Hire Up To 10K New Employees
July 15, 2020

To meet a surging demand stemming from digital sales, Chipotle Mexican Grill will hire up to 10,000 new employees over the next several months, the quick-service restaurant (QSR) announced Wednesday (July 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
CommerceHub Mulls IPO At $2B Valuation
July 15, 2020

CommerceHub, which makes eCommerce software, is preparing an initial public offering (IPO) that may value the firm at over $2 billion, according a report in Bloomberg citing unnamed people familiar with the matter. Get the Full Story Complete the form to unlock this article and...

Banking
MoneyLion Launches RoarMoney Account With Contactless Mobile Wallet
July 15, 2020

MoneyLion, the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. with Mastercard as its exclusive card network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Total School Supply Spending Could Surpass $100B In 2020
July 15, 2020

Parents are preparing to shell out a record amount of money this year on back-to-school supplies, with computers topping the list amid signs that neither the pandemic nor online classes will be vanishing anytime soon, a new survey finds. Get the Full Story Complete the...

News
Today In Payments: BigCommerce Eyes IPO; Biggest Banks Brace For Loan Losses
July 15, 2020

In today’s top news, BigCommerce filed for an IPO, and the country’s largest banks have set aside almost $30 billion to cover COVID-19-related losses. Plus, Afterpay has partnered with Google Pay and Apple Pay to offer its BNPL services in U.S. stores. Get the Full...