News

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...

Retail
Office Depot Refinances Credit Facility, Retires Term Loan
April 20, 2020

In an effort to streamline its capital structure, Office Depot has refinanced its current asset-based credit facility with a new five-year arrangement and has retired its term loan credit agreement due in 2022. The retailer’s new $1.3 billion asset-based credit facility is comprised of a...

Retail
Boston Gym Owner Spins New Model From COVID-19 Crisis
April 20, 2020

Mark Partin has business pedigree with an athlete’s mentality. As the owner of B/SPOKE, one of the Boston area’s leading spinning and workout studios, he’s a consumer of his own product as well as a former long-distance runner. He’s also an MIT grad who did...

Retail
Retailers Stress Safety Measures In Reopening Plans
April 20, 2020

As detailed in today’s PYMNTS COVID-19 update, U.S. consumers want to know when they can return to normal shopping, and how they can do it safely. Some answers to both of those questions are becoming evident as the week opens. Get the Full Story Complete...

Retail
WEF: Digital Will Lead COVID-19 Recovery
April 20, 2020

Now that U.S. retailers have shifted their focus to unlocking rather than locking down, it’s worth revisiting the only economy that has been shattered by COVID-19 and then restored: China. Bottom line, if the U.S. recovery is to mimic the best parts of China’s recovery,...

Retail
Kroger’s Foundation Aims To Raise $10M For Coronavirus Fund
April 20, 2020

To help families particularly impacted by the novel coronavirus, The Kroger Co. Zero Hunger | Zero Waste Foundation said it has created the Emergency COVID-19 Response Fund. Kroger and the foundation seek to direct $10 million in national, state and local grants to pandemic response efforts...