News

Regulation
Progressive Leasing To Pay $175M FTC Fine Over Rent-To-Own Pricing
April 20, 2020

Progressive Leasing will pay $175 million to settle charges with the Federal Trade Commission (FTC) that its policies were misleading to customers, according to an April 20 release by the FTC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Partnerships / Acquisitions
Fandango To Buy Vudu Video Streaming Service From Walmart
April 20, 2020

Fandango Media LLC, the California-based company that sells movie tickets online, has agreed to buy the on-demand video streaming service Vudu Inc. from Walmart. Terms of the deal were not disclosed, TheStreet reported. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Shuttered Stores Slash Prices, But Consumers Aren’t Spending
April 20, 2020

Black Friday isn’t until Nov. 27, but clothing retailers, including Nordstrom, J.Crew, Macy’s, Neiman Marcus and others, are offering deep discounts to unload tens of billions of dollars of unsold merchandise as the coronavirus keeps U.S. stores shuttered. Get the Full Story Complete the form...

B2B Payments
Basware Bolsters Invoice Processing With Machine Learning
April 20, 2020

Finnish software firm Basware has announced an upgrade of its accounts payable (AP) automation solution to allow increased functionality for invoicing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Australia SMB Ombudsman Calls For Late Payments Legislation
April 20, 2020

Australian Small Business & Family Enterprise Ombudsman Kate Carnell is calling for federal legislation mandating that small- to medium-sized businesses (SMBs) be paid in 30 days, according to a LinkedIn post she wrote. Get the Full Story Complete the form to unlock this article and...

Banking
SmartStream Automates Reconciliation For Jumhouria Bank In Libya
April 20, 2020

Financial transaction management firm SmartStream has announced new programs to help automate processes for Jumhouria Bank in Libya. 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...

B2B Payments
Mastercard, vCita Pair To Help SMBs Migrate Online
April 20, 2020

To help small businesses run in a more digital-first environment, customer relationship management (CRM) company vCita has teamed with Mastercard in Europe to the roll out the Business Unusual platform, according to an announcement. Get the Full Story Complete the form to unlock this article...

B2B Payments
Vancity Launches Loan To Help Small Firms Pivot Business Models
April 20, 2020

To support small businesses that needed to change course because of the coronavirus, Vancity has rolled out its Unity Pivot Business Loan. Businesses changing direction to support the battle against the pandemic can tap into loans of up to $150,000, which will be interest free for...

News
Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
April 20, 2020

In today’s top news, Shake Shack said it would return the $10 million Paycheck Protection Program (PPP) loan from the government, and Uber expanded its delivery services with two new programs. Plus, Treasury Secretary Steven Mnuchin said a deal is close for additional coronavirus stimulus...