It’s hard to find a major eCommerce retailer that has evolved more than Newegg. After coming out of the post-internet bubble economy of 2001 as a force in the consumer electronics category, it eventually supplemented that business with computer parts and accessories, catering to the...
Vitamin store chain GNC Holdings filed a “prepackaged” Chapter 11 bankruptcy plan, saying it has an offer to sell the company for $760 million and has backing from some 90 percent of its creditors, according to a statement. Get the Full Story Complete the form...
Businesses are digitizing more rapidly these days, often tapping into new overseas markets and expansion opportunities created by COVID-19. They are also exhibiting increasingly robust cross-border payments capabilities, with a focus on simplicity and ease of operations internationally. Get the Full Story Complete the form...
With the last bids due in early July for eBay Inc.’s classified advertising business, private equity companies seeking to win the auction could arrange for as much as $2.6 billion worth of debt to finance the transaction. Those who are left taking part in the...
Whether it’s to support a work-from-home environment or to limit physical contact with paper surfaces, migrating accounts payable (AP) operations to the cloud is a must for organizations large and small today. Get the Full Story Complete the form to unlock this article and enjoy...
With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches....
Credit Suisse Group has started to look into funds invested in loans arranged by billionaire Lex Greensill and backed by Masayoshi Son’s SoftBank Vision Fund, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
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As the world must go increasingly digital — perhaps permanently — people who had resisted the great shift to eCommerce have had to make the leap. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
