News

Retail
Burberry To Reduce Workforce By 500 Positions Amid Pandemic
July 15, 2020

Following a drop in sales amid the COVID-19 health crisis, Burberry is to reduce its workforce by 500 positions globally with the inclusion of 150 jobs in its British head offices. The moves are part of the luxury brand’s plans to reduce costs by £55 million, The Guardian reported....

B2B Payments
SMBs Seek New Avenues To Cross-Border Payments
July 15, 2020

Although cross-border expansion can be a major business growth opportunity for U.S. companies today, that wasn’t always the case. 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...

B2B Payments
Factoring Innovation Tackles Its Risky Reputation
July 15, 2020

Though having a choice in financing products is vital for small and medium-sized businesses to manage their cash flow, not all tools are the right fit for every business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Government Entities Deepen Blockchain Payments Exploration
July 15, 2020

Digital currencies continue to make their way into the mainstream, with government entities elevating their exploration of the technology. 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...

Partnerships / Acquisitions
ChargeAfter Launches Visa Installments In US And Integrates With Cybersource Platform
July 15, 2020

ChargeAfter, the buy now, pay later (BNPL) technology company, has partnered with Visa to integrate with its Cybersource payment-management platform, the company announced Wednesday (July 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
CheckAlt, Tru Treasury Partner To Help Credit Unions Accelerate Pay And Reconciliation
July 15, 2020

CheckAlt, which provides lockbox and treasury management services, has struck a partnership with credit union service organization (CUSO) Tru Treasury to help credit unions attract new members and boost services, a press release says. Get the Full Story Complete the form to unlock this article...

Retail
Afterpay US CEO On The Changing Face Of Luxury In A Post-Pandemic World
July 15, 2020

Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Straight Outta Yale: Recent Grads Create New Beverage Product Line
July 15, 2020

Someday, Onda CEO and Co-Founder Noah Gray will have a great case study to write. Or even a spin on the old “what I did for my summer vacation” essay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Why The Best Fraud Defenses Need Artificial And Human Intelligence
July 15, 2020

There’s an old saying that sunlight is the best disinfectant. Shedding some light on just what the bad guys want — and why and how they are angling to get it — means that the financial services ecosystem can effectively head them off at the pass....