News

B2B Payments
Xero Partners With Coveo On Improved Search Function For SMB Needs
June 08, 2020

Global small business program Xero‘s new search function will make it easier for businesses to find the apps they need, and to provide a “personalized, intuitive, and efficient experience,” according to a press release Thursday (June 4). Get the Full Story Complete the form to unlock...

Retail
Retailers Prep For More Reopenings
June 07, 2020

The world of physical retail is slowly beginning its grand reopening. 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...

B2B Payments
iwocaPay To Help Businesses, Suppliers With Unpaid Invoices
June 07, 2020

Small business lending FinTech iwoca has launched its new iwocaPay service intended to alleviate the woes of unpaid invoices by paying suppliers instantly while allowing businesses to pay on their own time, according to a press release. Get the Full Story Complete the form to...

Investments
Silver Lake Increases Stake In Indian Telecom Jio Platforms
June 05, 2020

Silver Lake has upped its ante on India’s Jio Platforms. The Menlo Park, California-based private equity firm said Friday (June 5) it will buy an additional stake worth $600 million in the Indian telecom operator, TechCrunch reported. Get the Full Story Complete the form to unlock...

Partnerships / Acquisitions
Sycamore Partners Reportedly Negotiating To Buy JCPenney
June 05, 2020

Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Delivery
Instacart Updates Tipping Process To Protect Against Tip Baiting
June 05, 2020

To safeguard its shoppers from having their tips reduced to zero when customers receive their groceries, Instacart is modifying its tipping process after shopper complaints. The delivery company, however, says tip-baiting is not common and under 0.5 percent of orders have tips taken away following...

Partnerships / Acquisitions
New Suitors Emerge As Possible Grubhub Buyers
June 05, 2020

Amid ongoing discussions with Uber on a potential deal, two food delivery platforms in Europe — Delivery Hero and Just Eat Takeaway.com — have each noted interest in a merger with Grubhub, CNBC reported, citing unnamed sources. Get the Full Story Complete the form to unlock this...

Retail
Kroger, Ocado To Build Regional High-Tech Fulfillment Centers
June 05, 2020

The Kroger Family of Companies, the nation’s largest supermarket chain, and Ocado Supermarket Co., the British online grocer, have announced a joint plan to build three customer fulfillment centers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Citi Reports Jump In Online Banking Usage By Commercial Clients
June 05, 2020

Citi‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. Get the Full Story Complete the form to unlock this article and enjoy...