Amid rising criticism over the loan effort, the Department Of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program (PPP). Assistant Attorney General Brian Benczkowski said prosecutors have reached out to 15 to 20 of the biggest loan processors...
The hoarding might be done. Toilet paper is no longer a precious commodity. Grocery shelves are (relatively) well-stocked. 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...
Tencent Holdings Limited has become a “substantial shareholder” of Afterpay, according to an announcement from the company. The Chinese technology firm purchased a 5 percent stake in the buy now, pay later (BNPL) company valued at approximately A$390 million per a published report. Get the...
The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the preppy retail chain has been negotiating with its lenders since it canceled plans to take its Madewell subsidiary public. Madewell...
It’s understandably an anxious time for Main Street businesses, even as downtowns prepare to reopen. But what about the entrepreneurs who are still hanging onto their dreams of starting a retail business? It stands to reason that hopelessness – or at least a plan B...
While they try to stay on an even keel amid COVID-19, eatery owners throughout Britain are looking for Deliveroo to reduce the commissions on each delivery. The company takes a cut as high as 35 percent in addition to VAT (value-added tax) on select orders,...
OYO Hotels & Homes has named Troy Alstead, who previously served as Starbucks’ COO, as an independent member of its board of directors. The executive will have a “supervisory role” in its service and will offer advice to the founder and management on important business...
For all of the happy life moments in which they appear, paper checks are unloved. So are paper invoices that precede them. The seeming incompatibility of paper and digital payments is somewhat of an illusion, however. In point of fact, most businesses of any size...
Finablr has uncovered around $1 billion in debt hidden from its board, in the latest news in the scandal that has pushed sister company NMC Health into administration. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
