News

Delivery
FedEx Joins UPS In Adding Delivery Fees Due To Volume Hike
June 03, 2020

It will cost more to send a FedEx package starting Monday (June 8). 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 our daily newsletter, PYMNTS Today....

Retail
LVMH Eyes Ways To Change $16.2B Tiffany & Co Purchase
June 03, 2020

LVMH is considering walking back its deal to purchase Tiffany & Co. for $16.2 billion due to the effects the pandemic and recent U.S. social unrest have had on the retail vertical, Reuters reported. Get the Full Story Complete the form to unlock this article...

Banking
Monzo To Cut 120 Jobs Due To Pandemic Fallout
June 03, 2020

U.K. digital bank Monzo will cut 120 jobs due to the impact of the coronavirus, Reuters reports. 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 our...

Retail
Retailer New York & Co. Will Likely File For Bankruptcy
June 03, 2020

The parent company of New York & Co., the wear-to-work retailer for women, warned it may file for Chapter 11 bankruptcy protection as the nationwide chain has been crippled by the COVID-19 crisis, CNBC reported. Get the Full Story Complete the form to unlock this...

B2B Payments
UK Reinstates IBM, BT To Prompt Payment Code
June 03, 2020

After bolstering their supply chain payment practices, five companies that were suspended from the Prompt Payment Code (PPC) in the past have been reinstated. Screwfix, IBM, Seddon Construction, Kier Highways and BT PLC were the five reinstated companies, according to an announcement. Get the Full...

B2B Payments
Vector Teams With McLeod Software To Speed Up Transportation Billing
June 03, 2020

To speed up fleet and billing functions for truck drivers as well as back-office staffers, mobile capture and workflow technology company Vector has teamed with transportation management software firm McLeod Software, according to an announcement. Get the Full Story Complete the form to unlock this...

International
Spain Could Slowly Open Borders To Tourists By End Of June
June 03, 2020

After previously setting July 1 as the date to reopen for international tourism, which comprises 12 percent of its output, Spain is at work on plans to slowly allow tourists from nations determined to be safer when it comes to fighting the pandemic. The country...

International
Chinese Giants Baidu And Midea Launch Joint Smart Appliance Push
June 03, 2020

Homeowners in China and beyond will soon be able to use smart speakers to turn on the lights and control the microwave under a new partnership between Chinese search and artificial intelligence giant Baidu and smart device manufacturer Midea Group. Get the Full Story Complete...

Retail
Campbell Soup Sales Keep Steaming Along During Pandemic
June 03, 2020

For many more Americans than usual, COVID-19 woes mean that “soup’s on!” Now, the Campbell Soup Company’s top executive predicts that his company’s products will keep moving right off the shelves, even as U.S. lockdowns ease. Get the Full Story Complete the form to unlock...