News

B2B Payments
Invoice Bazaar Collaborates With RSA Global On Inventory Financing
June 09, 2020

To help companies obtain inventory financing for supplier payments, supply chain provider RSA Global has unveiled a partnership with small- to medium-sized business (SMB) financial firm Invoice Bazaar, according to a Tuesday (June 9), press release. Get the Full Story Complete the form to unlock...

Retail
Retailer Bankruptcies Shine A Light on Gift Cards And ‘Breakage Income’
June 09, 2020

Gift cards may be the gift that keeps on giving — not just for the recipients, but also for the companies that issue them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Merkado, Kapital Connection Team To Offer SMB Finance Options
June 09, 2020

Merkado RHA, which offers digital transformation solutions, will work with Singapore-based Kapital Connection to offer inclusive investing and financing services to Indian startups and small- to medium-sized businesses (SMBs), according to a press release. Get the Full Story Complete the form to unlock this article...

Security & Fraud
FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams
June 09, 2020

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. Get...

Retail
25K Store Closures Forecast Amid Pandemic
June 09, 2020

As many as 25,000 stores could close by year’s end, most of them in malls, as part of the fallout from COVID-19, a new survey reveals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Vroom’s Shares Surge Following IPO
June 09, 2020

Online auto retailer Vroom Inc. saw its shares more than double on Tuesday (June 9) on their first day of trading following the company’s initial public offering (IPO). The firm’s stock traded as high as $48.88, up 122.2 percent from the stock’s IPO price of $22....

B2B Payments
FreshBooks Unveils Initiative To Link Accounting Professionals With SMBs
June 09, 2020

To connect modern accounting firms with small businesses, FreshBooks rolled out its FreshBooks Accounting Professionals Program. The software firm said the initiative is inspired by a Collaborative Accounting approach that has accounting professionals and their small business clients working in connection as a team and...

News
Today In Payments: InsurTech Lemonade To Go Public; Affirm Unveils High-Yield Savings Account
June 09, 2020

In today’s top news, insurance tech startup Lemonade filed an IPO, and Affirm launched a high-yield savings account. Plus, retail dispute management firm Chargeback raised $6.6 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Neiman Marcus May Shutter Key Manhattan Store
June 09, 2020

How the mighty have fallen — on hard times. 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 form,...