The appeal of contactless payments has skyrocketed since the pandemic hit across the globe. Payment network giants such as Visa and Mastercard said in their most recent earnings reports that contactless payments, especially in face-to-face transactions, surged by double digits year over year. Get the Full...
The Impossible Burger has had an expansive year — making inroads at restaurants like Burger King with the Impossible Whopper and its debut on grocery shelves last fall. But this week, those expansion efforts took a great leap forward with the announcement that Impossible Burger is now going to...
The coronavirus pandemic has caused a rift in the relationship between apparel manufacturers and retailers, resulting in lost profits and canceled payments as the economy slogs through the mud, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this...
Agicap, a French Software-as-a-Service (SaaS) startup that works with business cash flow data, announced the end of a funding round that netted it 15 million euros ($16.3 million), according to a report. Get the Full Story Complete the form to unlock this article and enjoy...
The Global Business Travel Association (GBTA) is in favor of postponing the hotel request-for-proposal (RFP) process for corporate travel bids until 2021 due to the coronavirus, it said Tuesday (May 5) in a press release. Get the Full Story Complete the form to unlock this...
Despite an infusion of $2 billion from investors last month, Airbnb said the pandemic has forced the layoff of 1,900 employees, or 25 percent of its workforce, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Uber is considering upping its investment in a different kind of transportation. 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...
To fuel the next era of the company’s growth, expense management platform Bento for Business has named Guido Schulz as its new CEO. The incoming executively will work closely with Founder Farhan Ahmad to “accelerate go-to-market efforts while supporting the company’s growing customer base,” according to an announcement. Get the...
In today’s top news, analysts lowered Wells Fargo’s rating, and N26 raised $100 million in funding. Plus, U.S. banks have extended over $500 billion in loans to small- to medium-sized businesses (SMBs) affected by the coronavirus pandemic. Get the Full Story Complete the form to...
