To look into debt restructuring options that would provide the retailer more time to make a turnaround, JCPenney Co Inc has reportedly hired advisers. The retailer had talks with investment bankers as well as lawyers who specialize in helping troubled companies with debt restructuring as...
In the gig economy, early payment—not just ease or speed—can be a differentiator. 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 our daily newsletter, PYMNTS Today....
In the UK, several large publicly traded companies have been suspended from the Prompt Payment Code for late payments. Separately, Tipalti debuts a new offering geared toward speeding up supplier payments.
Not every startup in this week’s B2B Venture Capital Roundup provided full visibility into how much it raised, but more than $150 million in new funding can be confirmed for B2B startups. Investors had a particular interest in supply chain management this week, targeting startups...
SAP Concur has reached an agreement with AvidXchange to integrate the latter’s AvidPay Network within the invoice processing platform Concur Invoice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Spend management and procurement firm JAGGAER is collaborating with JPMorgan to develop an integrated Single-Use Accounts virtual commercial card, the companies said in a press release Thursday (July 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Stronger authentication is an obvious, albeit costly, defense against the growing number of online banking fraud attempts. European merchants will be forced to comply with Strong Customer Authentication (SCA) come September, and they may face a significant loss in revenue and customers along with the...
Group of Seven finance ministers and central bankers said digital currencies need to be closely regulated so that they don’t disrupt the global financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
SunTrust Banks Inc. reported results Thursday (July 18) that surpassed revenue expectations but fell slightly under earnings estimates for the second quarter. But beyond the quarterly numbers, management said the company is satisfied with the movement toward a planned merger with BB&T Corp. Get the...
