Online grocery delivery service Milkbasket has landed $5.5 million in venture capital in a round led by Inflection Point Ventures. That brings the funding pulled in by Milkbasket to over $33 million. Get the Full Story Complete the form to unlock this article and enjoy...
What’s in a name? Apparently, a lot – if you are dealing with Chinese regulators. 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,...
China’s 618 shopping festival is in the books. This year’s three-week event was watched closely for evidence that the Chinese consumer will help spend the country out of the pandemic, and the success of 618 shows that they likely will. Get the Full Story Complete...
With malls reopening in most states over the weekend an early reckoning with pandemic reality among mall owners and anchor tenants is underway. The traffic over the past week and weekend varied from lines at the door to ghost towns inside. At least one real...
To help bolster its liquidity standing, Bed Bath & Beyond Inc. has put into place a three-year secured asset-based revolving credit facility with a group of financial institutions (FIs). The ABL facility, which takes the place of the retailer’s existing unsecured revolving credit facility, expires...
In a legal complaint filed with a New York court, luxury fashion brand Valentino SpA is requesting that the courts end its lease for a store in a prime tourist spot in Manhattan. The location is in a highly desirable stretch of Fifth Avenue that...
Managing relationships with multiple payment service providers and accounting for FX fluctuations can all strain merchants’ resources and stunt their growth, says Keala Gaines, eBay’s head of global payments services. In the new Payments Orchestration Playbook, Gaines discusses how eCommerce marketplaces can ease such frictions...
Corporate fraud continues to plague businesses large and small, and in this week’s B2B fraud tracker, many of the latest cases of nefarious activity within the enterprise can be traced back to the continued use of paper and legacy systems. Get the Full Story Complete...
The rise of enterprise Software-as-a-Service has undoubtedly benefitted corporates large and small, transforming their back offices and lowering barriers to digital transformation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
