New Levels Of Retail Earnings And Payment Challenges

By  |  August 3, 2020
 | 
New Levels Of Retail Earnings, Payment Challenges

COVID-19 and the ensuing economic downturn has caused B2B payment challenges to reach a new level. Vendors that once saw late buyer payments as unavoidable now risk going out of business if their clients don’t speed up the pace of payments. And in retail, Amazon’s earnings were off the charts by any metric, and they didn’t come from cost-cutting. All this, Today in Data.

    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.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data: 

    200%: Growth in business email compromise attempts between April 2020 and May 2020.

    175K: Minimum number of new jobs Amazon says it has created since March.

    80.8%: Share of AP departments paying suppliers with paper checks in 2019.

    $5T: Projected value of virtual card spending in 2025.

    Advertisement: Scroll to Continue

    $4B: Minimum Amazon spent on COVID-19-related costs for employee safety, bonuses and delivery.


    Recommended

    ServiceNow Eyes $7 Billion Deal for Cybersecurity Startup Armis

    YouTube Teams With PayPal to Pay Creators With Stablecoins

    President Trump's Ban on State AI Rules Faces Legal Pushback

    PNC Gets Regulatory OK to Acquire FirstBank

    See More In: , , , , , , ,