News

B2B Payments
Fashion Industry Supplier Payments Take A Major Hit
April 06, 2020

Nearly every industry is experiencing some type of disruption in B2B payment flows, from comic book publishing to fashion to food and beverage. Not all organizations are feeling that disruption in the same way, however. Get the Full Story Complete the form to unlock this...

B2B Payments
Sage, Trintech Build Data Integration For Faster Financial Close
April 05, 2020

Record to Report software provider Trintech has partnered with Sage in order to collaborate on new, speedier financial close processes, a press release states. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
BoA Receives $6B In SMB Loan Requests Within Hours
April 05, 2020

Banks were supposed to start taking applications for the Paycheck Protection Program (PPP) on Friday (April 3), but among the bigger U.S. lenders, only Bank of America (BoA) and JPMorgan Chase were able to launch — and were swamped by applicants, according to a report...

B2B Payments
Nationwide Says Business Banking Plans No Longer Viable
April 05, 2020

British lender Nationwide Building Society has curbed its plan to begin a business banking venture, saying the coronavirus has made that field nonviable for the time being. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
Biotech, Augmented Reality Startups Test Investment Appetite With IPOs
April 05, 2020

Two initial public offerings (IPOs) are testing investors’ appetites amid the coronavirus pandemic, according to statements from Zentalis Pharmaceuticals and WiMi Hologram Cloud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
UK Expands Non-Payment Protection For Exporters
April 03, 2020

To protect exporters from the risk of not receiving payment if clients can’t pay their debts, the U.K. is growing the purview of its export insurance policy. The country joins other nations that have offered supply chain insurance support, The New York Times reported. Get...

Retail
Amazon Will Reportedly Postpone Prime Day Until At Least August
April 03, 2020

Amid the coronavirus, Amazon is delaying its Prime Day summer shopping event to August at the soonest and foresees a possible $100 million impact from extra devices it could possibly now have to offer at a reduced price, according to internal company notes seen by...

Faster Payments
Sweden Joins ECB’s Real-Time Payments Platform
April 03, 2020

Sweden is the latest country to join the European Central Bank’s (ECB) instant payments platform in an effort to ease electronic payments. The agreement allows the ECB to offer Sweden access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) in Swedish currency to support the...

News
COVID-19 Cash Flow, Grocery Payments, Lyft Driver ‘Referrals’ Top This Week’s News
April 03, 2020

It’s the end of the workweek, 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 COVID-19 cash flow challenges and grocery shopping payments, as well as a report...