News

B2B Payments
DBS Hong Kong Digitizes Two-Day SMB Account Opening
April 14, 2020

DBS Hong Kong, a subsidiary of DBS Bank headquartered in Singapore, is transitioning to a new contact-free way for small- to medium-sized businesses (SMBs) to set up business accounts, according to a press release. Get the Full Story Complete the form to unlock this article...

Investments
General Atlantic, Tripp Smith Look To Spend $5B Fund On Coronavirus-Stricken Firms
April 14, 2020

To provide firms impacted by the coronavirus pandemic with financing, General Atlantic has joined forces with Tripp Smith. The private equity firm is creating a joint venture with Iron Park Capital Partners LP, Smith’s credit-focused company, The Wall Street Journal reported, citing unnamed sources.  Get the Full Story Complete...

B2B Payments
Currencycloud Links Regional Banks To X-Border B2B Tech
April 14, 2020

To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. and global payments platform Currencycloud have partnered. The companies will harness the ability to provide financial institutions with an end-to-end FX management system that comes...

B2B Payments
Fairfax, Indicium Collab For Invoice Payments In Mexico
April 14, 2020

Fairfax Software and Indicium Solutions have signed a deal to make Fairfax products, which focus on invoicing, available in Mexico, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Deloitte, Unqork Team Up On SMB Lending-As-A-Service
April 14, 2020

To roll out a completely managed small business lending offering that digitizes the end-to-end loan life cycle, application development technology firm Unqork has teamed with Deloitte. The offering will let small business lenders make the distribution of loans to businesses in need of coronavirus relief...

Retail
Amazon Stock Surges 20 Pct. During COVID-19 Pandemic
April 14, 2020

The S&P 500 may be in negative territory this year, but Amazon.com Inc. has been one of the standouts, despite the economic damage done by the coronavirus pandemic. Bloomberg reported that stock in the Seattle-based global eCommerce company has soared by nearly 20 percent since January....

News
Today In Payments: SMB Aid Running Out As Stalemate Continues; Food Delivery Apps Face Lawsuit
April 14, 2020

In today’s top news, leaders on Capitol Hill have not agreed on a new coronavirus relief package, and food delivery apps are facing a lawsuit over alleged price gouging. Also, eBay tapped ex-Walmart COO as CEO. Get the Full Story Complete the form to unlock...

Retail
Walmart Reserves Grocery Pickup Hours For At-Risk Shoppers
April 14, 2020

One month after Walmart Inc. set early morning hours once a week for seniors as COVID-19 took a toll on shopping habits, the world’s largest retailer is launching a daily pickup time reserved for the people who are most at-risk for the virus. Get the...

Retail
Does The Fitness Biz’s Digital Shift Have Post-COVID-19 Endurance?
April 14, 2020

Americans have a complicated relationship with physical fitness, particularly when it comes to getting enough exercise. According to Centers for Disease Control and Prevention (CDC) data, only about 23 percent of American adults are getting the recommended amount of exercise per week, data consistent with measurements by...