It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into identity verification as well as artificial intelligence (AI) for insurance in addition...
Verizon Communications Inc. said that as most of its stores shuttered following the COVID-19 lockdown, more than 500,000 retail postpaid net losses has led the telecommunications company to withdraw its full-year revenue outlook. Get the Full Story Complete the form to unlock this article and enjoy...
With a move that could stop their American operations, the U.S. Federal Communications Commission (FCC) produced show cause orders for three Chinese communication companies. The firms are China Unicom Americas, China Telecom Americas, Pacific Networks Corp and its subsidiary ComNet (USA) LLC, Reuters reported. Get the...
In today’s top news, 19 firms are participating in a pilot program to trial China’s new digital yuan, and the U.S. Treasury ordered public companies to return Paycheck Protection Program (PPP) loans. Plus, credit card companies are cutting customer spending limits in response to the...
After what has felt like the second-longest month in history (with March 2020 being the first), this week marked something of a shift in the news cycle. For the first time since mid-March, the week’s payments and commerce news has not been entirely dominated by COVID-19. Affected? Of course – the biggest...
Following a period of lockdown in the nation, Italy’s collection of artisan companies and stationers have begun to reopen their doors. A cautious sense of hope, as well as some uneasiness, exists among business as they slowly return to “normal” commerce, CNBC reported. Get the...
Main Street may not be able to save itself in the aftermath of the COVID-19 crisis. Several small to mid-sized towns and cities were already creating support networks and assistance programs before the crisis, and now they’ve taken on magnified importance. One of those is...
For non-essential retail, once again rent is due and revenue is marginal. This time, as the May leases come due, the financial situation is more desperate and landlords are feeling the pinch as the coronavirus pandemic continues. Get the Full Story Complete the form to...
In the absence of clear federal government direction, retailers are taking reopening guidelines into their own hands. The most notable example comes from Kroger, which shared a COVID-19 reopening playbook for all retailers and supply chain contributors on its website on this week. Get the...
