News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Pinterest Pays $89.5M To Cancel New Office Lease As Employees Work At Home
Pinterest Pays $89.5M To Cancel New Office Lease As Employees Work At Home
August 31, 2020  |  Real Estate

Pinterest is canceling its upcoming lease to move into a San Francisco office that it doesn’t need because its workers will be working from home,...

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Disbursements Go Under Modernization Microscope
Disbursements Go Under Modernization Microscope
August 31, 2020  |  Disbursements

Federal and state agencies were reminded this spring of just how outdated and outmoded their disbursement systems have become. The fiasco around distributing individual stimulus...

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Alt Lending Apps Show Staying Power In New Rankings
Alt Lending Apps Show Staying Power In New Rankings
August 31, 2020  |  Mobile Applications

It goes by many names. “Instant credit.” “Point-of-sale (POS) lending.” And the moniker perhaps best-known — “buy now, pay later” — attends this dynamic corner...

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OfferUp Merges With letgo, Combines Marketplace Apps
OfferUp Merges With letgo, Combines Marketplace Apps
August 31, 2020  |  eCommerce

Recommerce marketplace OfferUp has integrated with similar app letgo and will combine its app with the letgo app for a new marketplace promising an increased amount...

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Starbucks To Allow Access To Supply Chain Data
Starbucks To Allow Access To Supply Chain Data
August 31, 2020  |  Retail

On Tuesday (Sept. 1), Starbucks Corp. is set to begin offering public access to an unprecedented level of data about the bags of coffee it...

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New York & Co. Parent RTW Retailwinds Auctioned For $40M
New York & Co. Parent RTW Retailwinds Auctioned For $40M
August 31, 2020  |  Retail

Seven weeks after the corporate parent of New York & Co. filed for bankruptcy, the company is set to be sold, according to a press...

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How Firms Are Reducing AP Losses With Software Automation
How Firms Are Reducing AP Losses With Software Automation
August 31, 2020  |  Accounts Payable

Long before COVID-19 struck, accounts payable (AP) departments faced losses from invoicing errors, external phishing fraud attempts and internal schemes by unscrupulous employees. But as the coronavirus prompted...

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Big Tech Compliance Tracker: Facebook Appeals Giphy Restrictions; Microsoft Says Epic Games’ Apple Ban Could Impact Game Makers
Big Tech Compliance Tracker: Facebook Appeals Giphy Restrictions; Microsoft Says Epic Games’ Apple Ban Could...
August 31, 2020  |  Regulation

Here’s the latest news from the Big Tech sector, which is coming under increasing scrutiny and challenges from regulators worldwide. Regulation  Facebook Appeals Giphy Restrictions ...

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Small Business Sellers Push Online Marketplaces For Real-time Settlement
Small Business Sellers Push Online Marketplaces For Real-time Settlement
August 31, 2020  |  Faster Payments

Online marketplaces are leaving hundreds of billions of dollars on the table by failing to offer real-time, digital payment options, a new report finds. COVID-19...

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