News

Security & Fraud
Feds Probe Loss Of Millions In Jobless Claims To Fraudsters
May 17, 2020

A Nigerian fraud ring is suspected by the U.S. Secret Service of siphoning hundreds of millions of dollars in unemployment payments from numerous state programs processing record numbers of jobless claims amid the global coronavirus pandemic. Get the Full Story Complete the form to unlock...

B2B Payments
B2B VC Firm FINTOP Exceeds Goal With $126M
May 17, 2020

Venture capital (VC) firm FINTOP Capital closed FINTOP Fund II with $126 million, surpassing the company’s goal of $100 million, FINTOP said in a statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Office Depot Restructuring To Support B2B Solutions, IT Services
May 17, 2020

In order to “realign its operational focus to support its business-to-business solutions and IT services business units and improve costs,” Office Depot is planning to restructure, according to a U.S. Securities and Exchange Commission (SEC) filing. Get the Full Story Complete the form to unlock...

B2B Payments
Esticom, Foundation Team To Speed Up Construction Project Management
May 17, 2020

Esticom, a cloud-based estimating software that aims to aid contractors, is partnering with Foundation Software to help construction company management by streamlining the exchange of job costing data between estimating, accounting and project management, according to a press release. Get the Full Story Complete the...

B2B Payments
Drip Solution Will Help SMB Importers Unlock Working Capital
May 17, 2020

Trade finance firm Drip Capital has introduced a new solution called GoTrade to help companies receiving shipments of meat, seafood and other such commodities get B2B payments quicker than usual, according to a press release. Get the Full Story Complete the form to unlock this...

Retail
Pool Noodles, Mannequins And The Wilder Side Of Social Distancing For Restaurants
May 16, 2020

If we’re being truly honest with ourselves, the new rules that will surround restaurants’ dining rooms in the near future don’t sound like much fun. From the temperature scans at the front door for both patrons and staff, to the socially distanced seating that will require...

Retail
JCPenney Files For Chapter 11 Bankruptcy
May 15, 2020

The on-again, off-again bankruptcy of JCPenney is back on. The company announced late Friday (May 15) that it will file for Chapter 11 and close a still-to-be-determined amount of stores, per a company press release. Get the Full Story Complete the form to unlock this...

Delivery
Lawmakers Put Caps On Food Delivery Fees
May 15, 2020

As restaurants seek help to survive the economic impact of COVID-19, lawmakers are implementing a temporary limit on how much delivery companies can charge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Vogue, Amazon Launch New Offering To Help Designers
May 15, 2020

For many, fashion has taken a back seat as much of the nation’s workforce is doing their jobs at home – in sweats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...