News

Payments Innovation
Can Mobile Solve A City’s Transit Payment Challenges?
July 16, 2020

High transaction success rates can indicate an efficient payments operation, but keeping them high is no easy feat. 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
Kroger, Kohl’s Mandate Customers Wear Face Masks
July 15, 2020

Kroger and Kohl’s will require customers to wear masks in all locations across the country, the companies announced separately on Wednesday (July 15), hours after Walmart and Sam’s Club did the same. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Coconut Notches $3.15M For SMB Accounting Platform
July 15, 2020

Small- to medium-sized business (SMB) finance app Coconut has notched approximately 2.5 million pounds ($3.15 million) through a Crowdcube fundraising. The company had initially aimed to raise 700,000 pounds ($881,000) at a valuation of 12 million pounds ($15.1 million), Crowdfund Insider reported. Get the Full...

B2B Payments
SAP Users Asked To Apply New Patch To Avoid Security Breach
July 15, 2020

Users of SAP are being encouraged to apply a new patch to prevent against hacking due to a pre-existing flaw in the software, according to ARN. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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...