News

Retail
US eCommerce Up 49 Pct; Curbside Pickup Soars 208 Pct Since April 1
April 27, 2020

As the coronavirus shows no signs of abating, customers are opting to make their purchases without setting foot in stores, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Delivery
UPS Uses Drones To Deliver Prescriptions
April 27, 2020

It’s a bird, it’s a plane — it’s a drone? 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 completing this...

B2B Payments
Newtek Small Business Finance Has Funded Over $500M For PPP
April 27, 2020

Newtek announced on Monday (April 27) that its lender program, Newtek Small Business Finance (NSBF), has funded $518.2 million in loans for the federal Paycheck Protection Program (PPP), according to a press release. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Mexican Business Council, IDB To Offer Funds To SMBs
April 27, 2020

To help support the operations of small and medium-sized businesses (SMBs) as they contend with the economic disruption brought by the coronavirus, IDB Invest and the Mexican Business Council (CMN) have unveiled an effort to offer a maximum of $12 billion in loans annually. Get...

B2B Payments
New Shine Feature Lets Users Insure Invoices
April 27, 2020

Challenger bank Shine, a French startup, has introduced a new program to insure invoices to help make sure they are paid, according to a TechCrunch report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

News
Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch
April 27, 2020

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Plus, the CEO of Bank of America called on Congress to give funding to all small- to medium-sized businesses (SMBs) in...

B2B Payments
JPMorgan And Taulia Team On Trade Finance To Help Firms With Liquidity
April 27, 2020

Silicon Valley working capital FinTech Taulia is partnering with J.P. Morgan to develop a new trade finance solution that will give businesses liquidity to strengthen their supply chain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Generation House Arrest? Retailers Anticipate Reinvention And Reopening
April 27, 2020

Friday, May 1 is shaping up as one of retail’s most important days since the COVID-19 crisis went down. It’s that day that several states, and now the federal government, have set as an unofficial day to begin reopening the economy. The pressure on cash-strapped...

Retail
Biometrics Changes Tempt eCommerce Companies As Fraud Defense
April 27, 2020

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. In fact, 22 percent of respondents in a recent TransUnion survey claimed they had “been targeted by digital fraud related to COVID-19.” Biometrics, which measures the physical...