News

Retail
Neiman Marcus Reportedly Working On Bankruptcy Plan
April 19, 2020

The coronavirus has pushed Neiman Marcus to the point of bankruptcy, the first major store in the U.S. to topple due to the pandemic, according to a Sunday (April 19) report by Reuters, citing sources. Get the Full Story Complete the form to unlock this...

B2B Payments
Lawmakers Call For Marijuana SMB Inclusion In Next Stimulus Package
April 19, 2020

Members of Congress from both sides of the political fence are pushing for the marijuana industry to be included in the next round of government coronavirus relief funds and made a formal request in a letter addressed to House of Representative leaders Majority Speaker Nancy...

B2B Payments
Clothing Brands Want Steep Vendor Discounts To Keep Orders
April 19, 2020

Big-name clothing brands are either canceling orders or demanding big discounts from manufacturers in Bangladesh, a South Asian country that is already deeply suffering because of the economic fallout from the coronavirus, according to a Reuters report. Get the Full Story Complete the form to...

B2B Payments
Funding Circle Halts Retail Investing To Focus On SMB Stimulus
April 19, 2020

Funding Circle has been given the go-ahead by the British Business Bank to distribute business loans to small- to medium-sized business (SMB) owners hurting because of the coronavirus pandemic, according to a company blog post. Get the Full Story Complete the form to unlock this...

B2B Payments
TravelBank Launches WFH Expense Management Tool
April 19, 2020

TravelBank’s new Work From Home platform will allow businesses to set expenses and figure out logistics for working from home during the coronavirus pandemic, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
PPP, Cross-Border AP, Stimulus Funds Top This Week’s News
April 17, 2020

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 the The Paycheck Protection Program (PPP) as well as cross-border accounts payable...

Payment Methods
Google Close To Launching Smart Debit Card
April 17, 2020

To reportedly help it compete with Apple Pay and the Apple Card, Google is creating its own tangible and virtual debit cards. The card, along with a checking account that is related to it, will let users make a purchase through a card, the web...

Investments
Amazon Gets Initial Approval To Invest In Deliveroo
April 17, 2020

British regulators have given the initial green light for Amazon’s investment in Deliveroo, the London online food delivery company that said it could go bankrupt without an infusion of cash due to COVID-19. Get the Full Story Complete the form to unlock this article and...

News
Today In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First GDP Decline In China
April 17, 2020

In today’s top news, Uber withdrew 2020 guidance as it anticipate revenue decline, and China’s economy will record its first-ever GDP loss. Plus, banks can take stimulus money to cover withdrawn accounts. Get the Full Story Complete the form to unlock this article and enjoy...