News

Social Commerce
Quaranstreaming And The Future Of Social Commerce
March 23, 2020

A good slogan is hard to write, as it needs to be brief, memorable (for good reason) and continuously evocative no matter how often it is used. That is why there are so few additions to the list of all-time classics like “Just Do It,”...

Retail
MGM Resorts Appoints Acting Chief Executive Officer
March 23, 2020

Amid the public health crisis in the country and the travel vertical, MGM Resorts International said in an announcement that Chief Operating Officer and President Bill Hornbuckle has been appointed to the position of acting chief executive officer and president. Hornbuckle replaces Jim Murren, the...

Retail
Retailers Cancel $1.5B In Bangladesh Clothing Orders Amid Coronavirus
March 23, 2020

With the COVID-19 pandemic impacting demand, European and American buyers have called off roughly $1.5 billion of Bangladesh clothing orders. Bangladesh Garment Manufacturers and Exporters Association President Rubana Huq said on LinkedIn that up to 1,089 clothing manufacturing facilities have seen orders become canceled, Bloomberg...

B2B Payments
Email Fraudsters Take Advantage Of Coronavirus Opportunity
March 23, 2020

Even in times of global crisis, fraudsters will always look for ways to exploit unsuspecting targets. Corporates and government officials have recently been sounding the alarm about coronavirus-related scams, and according to experts, the threat is likely to rise. Get the Full Story Complete the...

B2B Payments
SMB Loan Underwriting Prepares For Turbulent Times
March 23, 2020

After a long period of pulling back, lenders are finally beginning to find value in financing small- and medium-sized businesses (SMBs). 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
Modernizing Media Sellers’ Invoice-To-Cash Cycles
March 23, 2020

Media and advertising have endured a digital revolution over the last decade or so, but B2B payment practices remain stuck in the past. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
As China’s Banks Encourage Loans, Default Fears Mount
March 23, 2020

More than 12 state-owned financial institutions in China are offering incentives to boost consumer lending despite an increase in the number of people defaulting, a report in The Financial Times (FT) indicated on Sunday (March 22). Get the Full Story Complete the form to unlock this...

B2B Payments
Teampay Wields Slack To Promote Controller Collaboration
March 22, 2020

Spend management startup Teampay is introducing the Controller Collective, a Slack-based exchange to assist controllers and senior accounting professionals, Teampay said in a statement on Friday (March 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Afinis Enables Payments API Standardization Testing
March 22, 2020

Nacha-owned membership organization Afinis Interoperability Standards is teaming up with Findland-based XMLdation to automate application programming interface (API) standardization in the payments space, Nacha announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...