News

Retail
Walmart, Nextdoor Launch Neighbors’ Helping Initiative
April 23, 2020

Walmart and Nextdoor have joined forces to make it easier for neighbors to help each other during the COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
Western Union Expands Cross-Border Real-Time Money Transfers
April 23, 2020

Money transfer firm Western Union has further expanded its global network for real-time payments and transfers to 50 additional countries when paid into certain banks and digital wallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payments Innovation
How AP Automation Supports Business Continuity Plans
April 23, 2020

With his experience working with companies located in hurricane zones, Joel Wilhite, CFO of AvidXchange, knows how to properly execute business continuity planning, a necessity for companies in uncertain times. The accounts payable (AP) automation technology company helps businesses harness technology to run once-manual business...

Partnerships / Acquisitions
Indonesia’s Gojek Closes $130M Deal For POS Startup Moka
April 23, 2020

On-demand ride-hailing startup Gojek – Indonesia’s most successful unicorn – has purchased the point-of-sale (POS) and payments aggregator Moka for about $130 million. The acquisition will make Gojek a major player in Indonesia’s digital payments space, Bloomberg reported on Thursday (April 23), citing sources. The...

Retail
Restaurants Find Recipe For Success
April 23, 2020

Let them eat cheesecake. Or chicken parmesan. Or better yet, let them make cheesecake or chicken parmesan. 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...

Retail
Educational-Toy Company Learning Resources Pivots Into Content
April 23, 2020

For the past 25 years, parents have known Learning Resources as the company that makes those toy cash registers. And in today’s work-at-home world, parents may know it as one of the companies helping to keep the family sane. But Learning Resources says that above...

Retail
Retail Reopening: Business And Consumer Timelines Do Not Match
April 23, 2020

As talk turns to reopening retail it’s becoming painfully clear that the business timeline and the consumer timeline don’t match. And that could be devastating news for the retail sector most in need of a grand reopening: malls. Get the Full Story Complete the form...

Retail
Gap Halts Rent Payments On Temporarily Closed Stores
April 23, 2020

As its retail locations are closed due to the COVID-19 pandemic, Gap cautioned on Thursday (April 23) that it might not have enough cash to adequately fund its operations. The clothing retailer said it has to take additional steps to come across liquidity over the...

Retail
Texan Merchants Gear Up For Retail-To-Go
April 23, 2020

With Texas Governor Greg Abbott’s plan to open the state again, shops will start running on a retail-to-go basis Friday (April 24). Owners of business are aiming to operate with the new changes — from a children’s retail shop to a music store, according to...