News

International
Coronavirus-Affected Businesses In China Face Layoffs, Shutdowns
March 05, 2020

As the global coronavirus crisis continues to evolve, the place where the virus started is facing catastrophic economic realities due to the spread of it, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Faster Payments
Aruba’s Banks Move To Real Time Payments
March 05, 2020

All of the banks in Aruba have switched to instant payments (IP) through the use of the Clearing and Settlement Mechanism (IP CSM) of the Centrale Bank van Aruba (CBA), according to a release. Get the Full Story Complete the form to unlock this article...

News
Today In Payments: Car Sales Down 80 Pct In China; Wells Fargo Gives Apple Pay...
March 05, 2020

In today’s top payments news, car sales in China plummeted 80 percent last month due to the coronavirus outbreak, and Wells Fargo will give customers who use Apple Pay at the ATM $5 back. Also, CFPB is investigating Fifth Third Bank for allegedly opening fake...

International
Turning Retail Solutions To Crisis Mitigation
March 05, 2020

At this point, the COVID-19 virus has gone global, with a foothold on every continent but Australia, an increasing caseload and, most disturbingly, a mortality rate that has officially been upgraded by the Centers for Disease Control (CDC) from around 2 percent to 3.4 percent....

Retail
COVID Stocking Issues Put Focus On Supply Chain Innovation
March 05, 2020

If there’s a positive development from the disruptive effect the COVID-19 virus has had on retailing, it’s a renewed focus on technology and the supply chain. Retailers are suddenly aware that goods don’t arrive by magic. And they’re aware that vulnerabilities in technology can be...

International
Coronavirus Crisis May Cost Airline Industry Over $113B
March 05, 2020

The drop in travel due to coronavirus fears could end up costing the airline industry more than $113 billion in revenue this year, which is four times more than a prediction for losses two weeks ago, according to a report by the Financial Times.  Get...

International
Japan Orders Two-Week Quarantine Of Chinese, South Korean Travelers
March 05, 2020

Japanese Prime Minister Shinzo Abe is mandating that visitors from China and South Korea be quarantined for two weeks due to the expanding Coronavirus outbreak, reports indicated on Thursday (March 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Partnerships / Acquisitions
Equifax Partners With CreditLadder On Rent Data Inclusion
March 05, 2020

Credit reporting agency Equifax is partnering with U.K. rent reporting platform CreditLadder in a move to include rental payment data in Equifax credit assessments, IBS Intelligence reported on Thursday (March 5).  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Alibaba To Fund Online Shopping Festival With $144M In Subsidies  
March 05, 2020

As a means of stimulating depressed eCommerce volume, China’s Alibaba Group is launching an online shopping festival with 1 billion yuan ($144 million) in spending subsidies to offset the impact of the Coronavirus, the company announced on Thursday (March 5), Reuters reported. Get the Full...