News

Retail
Retail Foot Traffic Dips As COVID Cases Rise
July 06, 2020

In the past two weeks, shopping levels have fallen again as coronavirus cases surge in the United States, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Wirecard Exec Who Ran Unit At Heart Of Scandal In Custody In Munich
July 06, 2020

Wirecard executive Oliver Bellenhaus, 46, has been arrested in Munich for his alleged central role in the massive worldwide fraud case currently enveloping the company, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Square Rally Sees Firm’s Valuation Nearing Major Banks
July 06, 2020

With a rally in shares, Square‘s valuation is approaching the level of some of the biggest U.S. banks, Bloomberg 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....

B2B Payments
Greensill Accelerates Payments To UK Pharmacies With Forecasting
July 06, 2020

Greensill is aiming to offer financial assistance to pharmacies in the United Kingdom with a payment technology it created with the NHS Business Service Authority (NHSBSA), according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
UK’s Starling Bank Seeks Government Grants To Build New SMB Offerings
July 06, 2020

After a fund supported by the European Union granted it £100 million, Starling Bank is seeking grants worth as much as £35 million. The upstart financial institution is seeking two grants — £25 million and £35 million — from Banking Competition Remedies (BCR) funding to make...

eCommerce
MercadoLibre Gross Merchandise Volume Soars 73 Pct In April
July 06, 2020

Buenos Aires-based eCommerce market MercadoLibre has seen a boost thanks to the pandemic, with shares climbing above $1,000 and sales spiking, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
UK Moves To Split Audit And Consulting Profits At Big Four
July 06, 2020

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. Get the Full Story Complete...

B2B Payments
moneycorp Expands FX Currency Services Into Canada
July 06, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. 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...

Retail
New York Puts Indoor Dining On Hold
July 06, 2020

New York City restaurant patrons who were hoping to dine in on Monday (July 6) as the city enters the next phase of its reopening will have to wait. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...