News

Retail
Virtual Shopping Finds Its Moment
July 03, 2020

Virtual shopping is having a pandemic-driven moment. Several retail brands as well as designers have taken this twist on personal shopping to a new application. For example, Tanger Outlets last week announced the launch of a virtual shopping concierge service that takes shoppers to its outlets...

B2B Payments
Regional Banks Guide Corporates To Future-Proof Accounts Payable
July 03, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
B2B FinTechs Show Signs Of Mid-Year Venture Capital Lull
July 03, 2020

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. With a combined $43.3 million in VC funding for the sector, B2B FinTechs...

Artificial Intelligence
Vicarious: There’s Robots, Then There’s ‘Robots-As-A-Service’ Model
July 03, 2020

Jeff Bezos, Elon Musk, Mark Benioff and Mark Zuckerberg all have something in common other than being billionaires. They all invest in a company called Vicarious, which is taking robotics to a higher, yet more democratic, level. Get the Full Story Complete the form to...

Retail
The Six Retail CEOs Who Could Set Off Fireworks This Year
July 03, 2020

Retail CEOs faced a parade of problems in 2020’s first six months, but some executives look ready to set off plenty of fireworks in the year’s back half.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Ridesharing
SoftBank-Backed OPay Pauses Ride-Hailing, Logistics Services In Nigeria
July 03, 2020

OPay, the SoftBank-backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Insurance Tech Firm Lemonade Soars 139 Pct On First Trading Day
July 02, 2020

Tech companies’ initial public offerings (IPOs) can be grossly mispriced, as evidenced by some companies like Lemonade and Agora which have leapt up close to or even more than 150 percent in price after going public, CNBC reports. Get the Full Story Complete the form...

B2B Payments
Chinese Banks Vie For SMBs With New Virtual Bank Applications
July 02, 2020

New Chinese lender Ping An OneConnect, along with HSBC, are both working to help ease small- to medium-sized businesses (SMBs) into new virtual, more efficient bank accounts, a report from Yahoo Finance says. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Audit Standards On Hot Seat In Wake Of Wirecard Scandal
July 02, 2020

The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 billion Wirecard AG fraud fiasco. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...