News

Retail
Walmart, Sam’s Club Shoppers Must Wear Face Masks Starting Next Week
July 15, 2020

Calling it an easy step to keep customers safe, Walmart Inc. and Sam’s Club will require shoppers to wear masks starting Monday (July 20), per a company announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

IPO
GoHealth Surges 20 Pct After IPO Raises More Than $913M
July 15, 2020

Shares of GoHealth surged Wednesday (July 15) on the heels of a blockbuster initial public offering (IPO) that saw the online health insurance brokerage raise $913 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
EU To Examine German Regulators’ Oversight Of Wirecard
July 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG, the collapsed payments company that is facing a series of criminal allegations. Get the Full Story Complete the form to unlock this...

International
Google Inks $4.5B Deal For A Stake In India’s Jio
July 15, 2020

Google plunged deeper into India’s tech market by striking a $4.5 billion deal that, if approved by the country’s regulators, would give it a 7.7 percent share in Jio Platforms, according to a Wednesday (July 15) press release. Get the Full Story Complete the form...

Retail
Vuse Launches New Website For Customized Vaping Orders
July 15, 2020

With the coronavirus pandemic surging in the United States, Vuse is ramping up its efforts to sell its vaping products online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Report: Some Wirecard ‘Partnerships’ May Be A Hoax
July 15, 2020

Wirecard AG, the insolvent German payment processing company facing criminal accusations, may have misled the financial community about its partnerships with blue-chip companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payments Innovation
Digital Is The New Normal In Payments
July 15, 2020

“In our experience, ‘billers’ don’t want to own the payment process. They want solutions that can shield them from the complexity and risk of payments so they can focus on their core business.” Get the Full Story Complete the form to unlock this article and...

Retail
StockX Report Affirms Resale Market Acceleration
July 15, 2020

The apparel and footwear resale market is seeing record-setting growth during the pandemic. Sites like thredUP and Poshmark have experienced a surge in consumer activity. The trend was reinforced this week by a half-year status report from footwear resale marketplace StockX. Get the Full Story...

Retail
Virtual Mall Platform Finds Traction
July 15, 2020

There were more dire predictions for the mall sector this week, as some states had to revisit their lockdown mandates due to new COVID-19 spikes. But a new eCommerce platform coming out of the Alibaba Group in Southeast Asia is bringing a unique business model...