News

Retail
Walmart To Challenge Amazon Prime With Subscription Membership
July 07, 2020

Walmart will be launching a new subscription service, Walmart+, this July, to compete with Amazon Prime, as reported by Vox. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

eCommerce
Verishop Introduces Social eCommerce App
July 07, 2020

To allow users to purchase attire from their news feeds, Verishop Inc. introduced a new social eCommerce app. The offering brings together the functions of an online shopping website that Verishop rolled out in 2019 with a digital app that works similar to TikTok and...

Security & Fraud
Pandemic Scammers Robbed US Consumers Of More Than $77M
July 07, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
PPP Loans Could Be Boon For Banks In Processing Fees
July 07, 2020

Banks arranging government loans intended for businesses hurt by the pandemic could reap as much as $24 billion in associated fees, The Wall Street Journal (WSJ) reported Tuesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
InstaReM Rolls Out BizPay In Australia For SMB Payments
July 07, 2020

To help small and medium-sized businesses (SMBs) bolster their cashflow, Nium’s InstaReM brand has rolled out BizPay in Australia. BizPay, which was introduced in Singapore in June, harnesses business card credit limits and transforms them into working capital to assist companies with paying utility bills,...

Security & Fraud
Wirecard Administrator Sees Strong Interest From Potential Buyers
July 07, 2020

The court-appointed administrator guiding Wirecard AG’s insolvency said dozens of investors have emerged to buy what’s left of the Munich-based payments company, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Payments Innovation
Digital Innovation Is Fueling The Reemergence Of Business
July 07, 2020

“The digital economy is here, and those payment providers that are global, digital and fully resilient will lead the reemergence.”  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

News
Today In Payments: Atlanta Fed Warns Outbreaks Could Stall Recovery; Big Tech CEOs To Testify...
July 07, 2020

In today’s top news, a Federal Reserve official warns the surge in coronavirus cases could dampen economic recovery, and the CEOs of the four biggest tech companies will testify before Congress. Plus, a second Wirecard executive was arrested over the recent fraud scandal. Get the...

IPO
Big Data Firm Palantir Prepares For IPO
July 07, 2020

Palantir Technologies is the latest in a recent flurry of tech companies to signal plans for an IPO. 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...