In today’s top news, millions of dollars from the Paycheck Protection Program (PPP) have not gone to benefit small and medium-sized businesses (SMBs), and the CEO of Grab said the coronavirus is creating major challenges for the delivery company. Plus, the IRS has shelved processing...
To support large business banking customers affected by COVID-19 in Britain, Barclays is rolling out its Coronavirus Large Business Interruption Loan Scheme. The bank said in an announcement that is extending its support to firms not eligible for COVID-19 Corporate Finance Facility support nor covered...
Shopify is introducing a financing division that will extend loans to small and-medium-sized businesses (SMBs) in Canada financially suffering due to the global coronavirus pandemic, the company said in a statement on Monday (April 20). Get the Full Story Complete the form to unlock this...
The FinTech company SoFi is making its first leap to go global with a big move into Hong Kong. The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up...
In a bid to lure advertisers from other eCommerce companies, Google said it will no longer charge merchants to place ads on its Shopping search page, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate...
There aren’t many true “hybrid” companies in the U.S. – ones with business models that straddle the line between B2B and B2C delivery. Credit card companies come to mind. Some tech companies like Microsoft and IBM fit the bill. But in the food distribution business,...
The luxury fashion sell-off has moved downscale and may be taking with it any hopes for an orderly reopening and recovery for casual fashion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
7-Eleven customers can now use the 7NOW delivery app to order wine, beer or liquor anytime in participating markets, as well as hot or ready-to-bake whole pizzas on weekends. The convenience store chain is running a promotion on pizzas each Friday, Saturday and Sunday until May...
