News

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...

7-Eleven Pumps Up Rewards Program With Contactless Payments
June 23, 2020

The Texas-based 7-Eleven is hoping that combining contactless payment options, its 7Rewards loyalty program and added “Fuel Loyalty” savings at the pump will help drive a boost in sales as the summer vacation season heats up. Get the Full Story Complete the form to unlock...

Retail
COVID-19-Related Costs Top $7B For US Retailers
June 23, 2020

Some of the largest online and brick-and-mortar retailers in the United States have spent more than $7 billion for everything from Plexiglas partitions and face masks to extra pay since the coronavirus crisis hit in March. Get the Full Story Complete the form to unlock...

Retail
Post-Pandemic Era Ushers In reCommerce Boom
June 23, 2020

The outbreak of an unprecedented global health pandemic hit the world of retail like a meteor, flattening everything in its immediate path, and more gradually choking out the rest with the cloud of dust kicked up by its impact – in this case, a cloud...