News

B2B Payments
New DBS Card Offers Contactless Payments For Logistics Companies
May 07, 2020

The new DBS Logistics Purchasing Card aims to save time and help prevent the spread of coronavirus for logistics companies with a cashless, contactless interface, according to a press release on Thursday (May 7). Get the Full Story Complete the form to unlock this article...

B2B Payments
WEX Tries To Back Out Of Optal, eNett Deal Due To Pandemic
May 07, 2020

After inking a definitive agreement in January to acquire B2B optimization firm Optal and B2B travel payments company eNett, WEX Inc. said in its Q1 results on Thursday (May 7) that the pandemic, and conditions stemming from it, “have had, and continue to have, a...

Delivery
Target Aims To Purchase Delivery Startup Deliv
May 07, 2020

As Target eyes boosting its same-day delivery services, the company is negotiating to purchase portions of California startup Deliv Inc., CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

eCommerce
Square Challenges PayPal With Branded Online Checkout Button
May 07, 2020

Square has launched an alternative to PayPal, according to VentureBeat. 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...

News
Today In Payments: Frontier Retracts $39 ‘More Room’ Fee On Flights; Square Merchants Shift Online...
May 07, 2020

In today’s top news, Frontier Airlines retracted its $39 “More Room” fee to ensure an empty seat between passengers, and Square released a mixed earnings report. Also, PayPal reported strong earnings that included a record-breaking earnings. Get the Full Story Complete the form to unlock...

Ridesharing
Uber Gears Up For Earnings Report With Layoffs, Lime Investment
May 07, 2020

On the surface, it might look like Uber is heading off in two different directions as it readies for its earnings announcement slated for tonight (May 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

eCommerce
FastSpring eCommerce Platform Launches Enhanced Interface
May 07, 2020

FastSpring, a software service company, has released an improved interface for the company’s platform. 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...

Retail
Does Airbnb Have An Edge When It Comes To Travel’s Recovery?
May 07, 2020

While 2020 has taken its toll on the majority of businesses, few players have been hit harder than those in the travel vertical. Shelter-in-place orders have left consumers at home, with every intention of staying there — possibly for quite some time. Get the Full...

Retail
Neiman Marcus Files For Chapter 11
May 07, 2020

Neiman Marcus has filed for bankruptcy as the “great resettling” continues for retail. The company announced Thursday morning (May 7) that it has entered into a binding agreement “with a significant majority of our creditors to undergo a financial restructuring that will substantially reduce the...