News

Retail
Retail Development Exec Says Malls Can Be Reborn Without Stores 
June 11, 2020

At least one executive is not ready to give up on malls. 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. By...

Delivery
No Rest For Ghost Kitchens As Restaurants Reopen
June 11, 2020

They first materialized seemingly overnight, out of nowhere. They often vanish during daytime hours only to return again, at night, around dinnertime. They are “ghost” kitchens. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

News
Today In Payments: Just Eat Takeaway.com To Buy Grubhub; Amazon Taps Goldman To Launch SMB...
June 11, 2020

In today’s top news, Just Eat Takeaway.com and Grubhub agreed to merge, and Amazon and Goldman Sachs partnered to offer a small- to medium-sized business (SMB) credit program. Plus, Apple hit $1.5 trillion, the first U.S. company to do so. Get the Full Story Complete...

B2B Payments
Ingenico Group Teams With Oro For Customized B2B Checkouts
June 11, 2020

To provide business-to-business (B2B) merchants with customized checkout experiences, Ingenico Group has connected its technology with Oro Inc.’s OroCommerce corporate digital commerce system. Firms can provide personalized payment experiences without compromising security via the integration, according to a Thursday (June 11) announcement. Get the Full Story Complete the...

B2B Payments
MineralTree Unveils International AP Features, TransferMate Partnership
June 11, 2020

To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. The product lets users automate the intake, handling and approval of invoices from different parts of the globe harnessing the same technology and process...

Partnerships / Acquisitions
Grubhub CEO Contends Richer Offer Won Out
June 11, 2020

Grubhub CEO and Founder Matt Maloney said on Thursday (June 11) that it was a richer offer that drove the restaurant ordering and delivery service into the arms of European giant Just Eat Takeaway, which has agreed to pay $7.3 billion for the company. Get...

Investments
PayPal Commits $530M To Minority-Owned Businesses
June 11, 2020

San Jose-based PayPal Holdings said it is making a $530 million commitment to support black- and minority-owned businesses and communities. The move comes in the wake of the deadly COVID-19 pandemic and the outpouring of protests worldwide following the killing of George Floyd in Minneapolis....

Ridesharing
California Tells Uber And Lyft Their Drivers Are Employees
June 11, 2020

The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Just Eat Takeaway/Grubhub Deal Shows Appetite For Food Delivery Consolidation
June 11, 2020

The COVID-19 pandemic isn’t enough to stop cross-border dealmaking – specifically in the food delivery services space, where critical mass is of critical importance. Consider the news that European food delivery service Just Eat Takeaway has struck a $7.3 billion deal to acquire U.S. food delivery...