Ironically, as the global economy has gotten stronger, payment cycles between buyers and suppliers have gotten longer. 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...
Seven years ago, Gusto Co-founder and CEO Josh Reeves wasn’t thinking about how he could disrupt the payroll industry. He wasn’t really thinking about payroll at all, he told Karen Webster in a recent conversation. He was thinking about the human brain. Get the Full...
Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes a 41-month prison sentence for a bitcoin trader, Starbucks mulling a bitcoin project, Barclays investing in an alternative lender, Discover naming a new chief executive...
Didi Chuxing and Alibaba’s Ant Financial are negotiating a deal for a joint buyout of bike-sharing startup Ofo for $2 billion, according to a new report that cited a source with direct knowledge of the talks. Get the Full Story Complete the form to unlock this article and enjoy...
Talk about interesting delivery mashups: Starbucks and Alibaba partner to enable the delivery of Starbucks products to Chinese consumers as part of a deal that includes such Alibaba properties as Taobao, Alipay, Tmall, Hema and Ele.me. Get the Full Story Complete the form to unlock...
To help identify the hackers behind cyberattacks, Hyas has notched $6.2 million in Series A funding. The round was led by Microsoft’s M12 venture fund, along with participation from venture capital firms and cybersecurity experts, VentureBeat reported. Get the Full Story Complete the form to...
Millennials, on average, are less brand-loyal than their parents or older siblings. They tend to like quality, have a strong preference for shopping online and enjoy a good bargain – but when it comes to buying from a specific brand? Not so much. Get the Full Story...
Brookstone, a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. But shopping malls aren’t nearly as busy as they once were, and, with declining foot traffic in U.S. malls, Brookstone is now the latest major brick-and-mortar retailer to announce...
To help fuel its growing subscription business, refinance debt and widen its operations, Rent The Runway has linked up with Temasek for a credit facility of $200 million. The retailer’s subscription business, in particular, has grown 150 percent year over year since its rollout, according...
