News

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

(source: pymnts.com)

Mastercard, AptPay Ink Deal To Enable Faster Cash Access For Businesses
Mastercard, AptPay Ink Deal To Enable Faster Cash Access For Businesses
August 19, 2020  |  Mastercard

Mastercard and AptPay announced on Wednesday (Aug. 19) a deal that the companies said will allow “faster access to cash” for businesses of various sizes...

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Terainium Brings B2B Spend Management To Suite With Productfy
Terainium Brings B2B Spend Management To Suite With Productfy
August 19, 2020  |  B2B Payments

Terainium, LLC, the developer of TERA Cloud, is teaming with Productfy, Inc. to provide complex financial technologies on its software-as-a-service (SaaS) infrastructure. The collaboration will...

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Today In Payments: Uber Mulls Franchise Model In California; Amazon Tells Sellers To Ship On Prime Schedule
Today In Payments: Uber Mulls Franchise Model In California; Amazon Tells Sellers To Ship On...
August 19, 2020  |  News

In today’s top news, Uber is considering switching to a franchise model in California to avoid reclassifying its gig workers, and Amazon wants third-party sellers...

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The Tiffany-Costco Counterfeit Dispute Is Back
The Tiffany-Costco Counterfeit Dispute Is Back
August 19, 2020  |  Legal

Counterfeit goods on online marketplaces have seen an explosion amid COVID-19 from both those who attempt to pass off fakes and the platforms that try to block...

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US Foods Helps Restaurants Start Ghost Kitchens
US Foods Helps Restaurants Start Ghost Kitchens
August 19, 2020  |  Retail

US Foods Holding Corp., an Illinois-based food service distributor, has announced an initiative to help restaurant operators launch ghost kitchens. With the new US Foods Ghost...

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Navigating The COVID-19 Pandemic: Life On Lockdown
Navigating The COVID-19 Pandemic: Life On Lockdown
August 19, 2020  |  Coronavirus

PYMNTS launched its first study of 1,923 representative United States consumers and how the new coronavirus pandemic had altered their daily behaviors on March 6....

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Mattress Retailer Casper Seeks To Raise $300M For A New SPAC
Mattress Retailer Casper Seeks To Raise $300M For A New SPAC
August 19, 2020  |  IPO

Mattress retailer Casper Sleep Inc. hopes to raise $300 million for a blank-check company, as shares of the New York-based firm have fallen by nearly 38...

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Citigroup Files Suit To Recover $900M In Mistakenly Transferred Funds
Citigroup Files Suit To Recover $900M In Mistakenly Transferred Funds
August 19, 2020  |  Legal

There are banking mistakes, and then there is Citigroup’s $900 million Revlon loan blunder. Citigroup filed suit in federal court late Tuesday, seeking to claw...

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Apple’s Long, Strange Trip To A $2T Valuation
Apple’s Long, Strange Trip To A $2T Valuation
August 19, 2020  |  Apple

Apple’s move on Wednesday (Aug. 19) to become the first public company in history to capture a $2 trillion valuation marks the latest chapter in...

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