News

Norway’s Coronavirus Rules Hurt Sales At Swedish Mall
June 19, 2020

Norway celebrated this week as it reopened its borders to the rest of the Nordic region. 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...

News
Today In Payments: Proposal Would Allow SMBs To Get Another PPP Loan; Alibaba, JD.com Net...
June 19, 2020

In today’s top news, Congress is considering passing another round of PPP loans for certain small and medium-sized businesses (SMBs), and Alibaba and JD.com recorded record sales figures in their annual 618 shopping event. Plus, DoorDash is raising $400 million, valuing the company at $16...

DraftKings To Sell More Shares in $1.6B IPO
June 19, 2020

While questions linger over the 2020 sports season, that hasn’t stopped DraftKings from upping its previously announced initial public offering (IPO) to 40 million shares of stock.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Palantir Notches $500M Ahead Of Potential IPO
June 19, 2020

In what is said to be one of the final investments prior to the trading of its shares publicly, Palantir Technologies Inc. notched $500 million in funding from Sompo Japan Nipponkoa Holdings Inc. The infusion reduces the need for the data firm, which Peter Thiel...

News
This Week In Payments: Digital Banking, Financial Literacy And Expanded eCommerce Competition
June 19, 2020

The world of payments and commerce continues to be a very busy place as the world reopens for business and consumers emerge with new preferences. How to meet those preferences profitably has become the focus for both commerce and financial services. Yann Ranchere, partner at Anthemis...

Security & Fraud
Wirecard’s Missing Cash Brings Accounting Saga To New (Perhaps Final) Chapter 
June 19, 2020

Cash, they say, is king.  And when cash disappears from the bank (and thus from corporate coffers) — under mysterious circumstances with a convoluted backstory — investors panic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Stetson Revamps Online Shopping Website, Brand Identity
June 19, 2020

With its first visual update in more than two decades, iconic American lifestyle brand Stetson is sporting a new online shopping experience and modern identity revamp. The new brand identity will launch worldwide throughout product and consumer touchpoints over the year to come and will...

Retail
Target CEO Says Flexibility Is Key To Digital Shift
June 19, 2020

In October 2017, then relatively new Target CEO Brian Cornell announced a decision that even by his own estimation caused some head-scratching. In spite of the burgeoning growth in eCommerce and the runaway growth of Amazon, he was focused on brick-and-mortar stores. In fact, he...

Retail
Amazon And Valentino Sue Over Alleged Counterfeits
June 19, 2020

Amazon and Italian luxury brand Maison Valentino filed a lawsuit against a retailer Thursday (June 18),  alleging the company sold counterfeit goods as the trade in the so-called “gray market” continues to draw attention. Get the Full Story Complete the form to unlock this article and...