News

International
China Drops GDP Target Due To Economic Instability
May 22, 2020

The world’s second-largest economy is opting not to set any economic growth forecasts due to the continued economic uncertainty triggered by the global coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

NEW DATA: Better Customer Service Could Sway 3 in 10 Consumers To Switch Credit Cards
May 22, 2020

There is a growing list of things millennials have seemingly been blamed for rendering obsolete, such as cocktail napkins, casual dining and expensive engagement rings. Part of the reason why this generation supposedly has little interest in such mainstays is that they have become used...

Retail
Restaurant Sales Start To Rebound As Diners Return
May 21, 2020

It’s the news many have been waiting to bite into. 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 this...

B2B Payments
MicroTech Partners With CostPerform For Better IT Spending
May 21, 2020

MicroTech, which provides information technology services to government entities, is partnering with cost management tool CostPerform, in order to boost functionality for IT payment processes, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Deel Raises $14M In Series A For Remote Worker Payroll Services
May 21, 2020

Deel, which works in payroll for remote workers, is coming off a Series A funding round for $14 million, CNBC reported Thursday (May 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft
May 21, 2020

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Mall of America Skips Mortgage Payments Before June Reopening
May 21, 2020

As an indication of how much retail real estate owners are struggling amid the pandemic, The Mall of America has reportedly skipped two payments on its mortgage of $1.4 billion. Research firm Trepp found that the Triple Five Group-operated shopping center missed the April and...

Investments
KKR Becomes Latest Investor In Jio Platforms
May 21, 2020

It seems everyone wants a piece of Jio Platforms, India’s largest mobile company. 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...

B2B Payments
Finastra Reimagines Originations With Fusion Credit Connect Rollout
May 21, 2020

As it reimagines how borrowers and relationship managers work together, Finastra unveiled the rollout of Fusion Credit Connect on the FusionFabric.cloud of Finastra and the AppExchange of Salesforce. The company said in an announcement that business lending end users are able to have an enhanced...