With social distancing still in effect to varying degrees nationwide, the ridesharing market has slowed virtually to a stop. Consumers staying home have very little need to order an Uber to get to their living room. The company announced 3,700 layoffs and its CEO isn’t...
Two men were charged in Rhode Island with fraudulently seeking loans through the Paycheck Protection Program (PPP), the U.S. Department of Justice said in a statement on Tuesday (May 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The retail reopenings underway hit a few roadblocks on Wednesday (May 6), as Nordstrom’s, L Brands and Lord & Taylor all checked in with bad news. All three companies had reported liquidity problems since the pandemic crisis started, but the convergence of the three events...
It used to be that controllable and somewhat predictable factors like price, selection and location defined retail success. More recently it was data-driven decisioning and location-based services that could bring a competitive advantage. In the post-pandemic world, the rules have changed. The factors that will...
As consumers stocked up on merchandise amid the coronavirus pandemic, CVS Health Corporation reported that front store revenues rose 8.5 percent in the three months concluding March 31 compared to the year before. The health retailer reported that the growth was mainly because of the...
As the coronavirus pandemic speeds up consumers’ transitions to online shopping, Shopify reported that new stores created on the platform jumped 62 percent from March 13 to April 24 compared to the six weeks before. According to the company, the growth was powered by “the...
With many small businesses struggling to manage cash flow, access loans or secure a portion of government funding, some experts say more of them could turn to commercial cards to support their funding needs. Get the Full Story Complete the form to unlock this article...
Although it’s a back-office function often plagued with loads of friction points, the accounts receivable (AR) department rarely gets the attention it deserves from digital transformation initiatives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
FinTech payments startup Nium, based in Singapore, is getting a new round of funding led by new investors Visa and BRI Ventures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
