To help provide U.S. taxpayers with stimulus payments to get through the recession brought about by the coronavirus, the idea of a digital dollar has been brought to light once again by legislators. The Automatic BOOST to Communities Act (ABC Act) reintroduces the digital dollar concept and...
In today’s top news, Goldman Sachs reported a $12 billion boost in Marcus deposits with a $72 billion tally at the end of the quarter, while Walmart is hoping that consumers will get its Walmart MoneyCard. Also, Alphabet plans to slow down the pace of hiring. Get the...
The coronavirus has had a catastrophic effect on retailers worldwide, and Hong Kong – known as a shopping mecca with its many upscale shopping malls and outlet stores – is no exception. Get the Full Story Complete the form to unlock this article and enjoy...
As COVID-19 moves the economy online, Stripe unveiled an extension of its Series G funding round. The company brought in $600 million in additional funding from investors with the inclusion of Sequoia, Andreessen Horowitz, GV and General Catalyst, and its financing occurs on the same valuation and...
Madrid-based Santander, the world’s 16th-largest bank, is set to roll out PagoFX, a new FinTech spinout intended to compete with cross-border money transfer service provider TransferWise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Verizon has announced it is set to acquire BlueJeans, a video-conferencing company catering to business customers. The move comes as the COVID-19 crisis has changed the way millions of people work. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The world of high fashion is starting to look like a fire sale. As retailers look for a way out of an unprecedented cash flow crunch, many are slashing prices online and offering free shipping. The move is good for consumers, but for the retailers...
Wednesday’s Commerce Department retail sales figures showed in no uncertain terms that consumer spending for non-essential goods has taken a huge hit. While the overall drop was in the neighborhood of 8 percent, the plunge in non-essential goods like apparel (down 50.5 percent) and furniture...
Hundreds of retailers – both direct-to-consumer (DTC) and traditional – have lent their expertise and capital to helping the world recover from the devastation of the COVID-19 virus. At organic skincare company Nuria, that sense of community is built into its DNA. Yes, it’s contributing...
