News

News
Today In Payments: Economists Warn Recession Recovery Will Be Slow; Facebook Daily Active Users Surge...
April 30, 2020

In today’s top news, economists warn that the economic downturn isn’t finished yet, and Facebook reported better than expected earnings. Plus, the Federal Reserve is committed to providing stimulus money until the economy is on the road to recovery. Get the Full Story Complete the...

Retail
Chick-fil-A Offers Chicken Parm Meal Kits As More People Cook Home
April 30, 2020

Chick-fil-A is introducing chicken parmesan meal kits as more people are cooking and eating at home due to the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

eCommerce
Flutterwave Rolls Out Online Portal For African Merchants
April 30, 2020

The startup Flutterwave, which picked up $35 million last year in venture funding, has launched an online portal that will enable African businesses to set up online shops. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Brooklyn Man Charged With Allegedly Swiping Some $12,000 In IRS Stimulus Checks From Mail
April 30, 2020

Feng Chen, 31, of Brooklyn, New York, was charged with alleged theft of U.S. mail that included some $12,000 in government stimulus checks, other checks and credit cards, authorities said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Good News: Pandemic Produces Retail Winners
April 30, 2020

While the news is full of retail doom and gloom of late, the post-pandemic prognosis for one class of companies has actually been improving. Amazon, of course, is among them by virtue of its supply chain and breadth of product. But a new ranking shows...

Retail
Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
April 30, 2020

As it joins the ranks of returning merchants following COVID-19 store closures, Macy’s intends to open 68 retail locations on Monday (May 4) in states that have eased restrictions. CEO Jeff Gennette foresees having all of the approximately 775 locations open again in six weeks, provided...

Retail
Global Retail Sales Projected To Fall 9.6 Pct On Average
April 30, 2020

Amid the impacts of the coronavirus pandemic, Forrester forecasts that global retail sales this year will drop by an average of 9.6 percent around the world. The research firm also forecasts that it will take four years for retailers to catch up with levels prior...

B2B Payments
Deep Dive: How Companies Are Balancing Paper-Based AR Payments In A Digital World
April 30, 2020

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 form, you agree to receive marketing communications from PYMNTS and...

B2B Payments
A New Reality For Supplier Risk Management
April 30, 2020

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. Get the Full Story Complete the form to unlock this article and enjoy unlimited...