News

B2B Payments
New SutiSoft Features Boost Expense Management Functions
June 23, 2020

SutiSoft, which provides cloud-based programs for business payments and finance operations, has rolled out its new SutiExpense 9.2 for expense management, promising more efficient report approval and more options for businesses, according to a press release. Get the Full Story Complete the form to unlock...

Retail
Saks To Reopen Flagship Fifth Avenue Store With Safety Measures
June 23, 2020

When Saks Fifth Avenue reopens its 10-story flagship store in New York City on Wednesday (June 24), customers will be greeted by 100 hand sanitizer stations and ultraviolet handrail cleaners on its 22 escalators, among other precautions. Get the Full Story Complete the form to...

Partnerships / Acquisitions
MoneyGram Teams With Korean FinTech To Boost Digital Growth
June 23, 2020

Money transfer company MoneyGram International Inc. has partnered with Global Money Express Co. Ltd., (GME) one of the largest payment financial technology companies in South Korea, according to a Tuesday (June 23) announcement by MoneyGram. Get the Full Story Complete the form to unlock this article...

B2B Payments
Kofax Rolls Out Trade Finance Solution To Automate Workflows
June 23, 2020

To speed up start-to-finish trade finance process automation, Kofax has rolled out its new Trade Finance Solution with a “low-code” and modifiable structure. The technology automates the handling of hard copy and electronic trade transaction paperwork, which enables banks and other financial institutions (FIs) to...

Regulation
German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
June 23, 2020

Hours after Wirecard AG’s former CEO was arrested, German Finance Minister Olaf Scholz said lawmakers must tighten regulations because the payment services company has embarrassed the nation’s financial watchdog, Reuters reported.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

News
Today In Payments: Wirecard’s Former CEO Markus Braun Arrested; Airbnb CEO Sees Potential For 2020...
June 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). Plus, Amazon’s Big Style Sale runs this week. Get the Full Story Complete...

Social Commerce
Instagram Shopping Platform Will Open To More Businesses
June 23, 2020

Instagram has taken what could be a big step toward expanding access to its shopping platform at a time when rivals of the Facebook subsidiary are moving broaden and diversify their own revenue streams. Get the Full Story Complete the form to unlock this article...

IPO
Blank Check Companies Set Sights On Unicorns
June 23, 2020

Amid Wall Street’s gyrations and the search for the next great tech unicorn: 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 Today....

Retail
Simon And Brookfield Eye Deal For Struggling JCPenney
June 23, 2020

Two of the largest mall owners in the United States are teaming up on a bid to buy one of their key anchor tenants, bankrupt JCPenney. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...