Verishop App Feature ‘Shop Party’ Enables Video Shopping With Friends
Verishop App Feature ‘Shop Party’ Enables Video Shopping With Friends
December 15, 2020  |  Mobile Commerce

Verishop is integrating with iOS to enable users to hold video chats while also exploring places to shop, the company announced in a press release...

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Goldman Sachs: Some 90 Pct Of Businesses Have Depleted PPP Monies
Goldman Sachs: Some 90 Pct Of Businesses Have Depleted PPP Monies
December 15, 2020  |  Loans

Small firms recently surveyed by Goldman Sachs indicated that small and mid-sized businesses (SMBs) are desperately in need of another round of emergency Paycheck Protection...

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Today In Payments: China’s Central Bank Tells Merchants To Accept Cash; EU Threatens Big Tech Breakup Over Anti-Competitive Practices
Today In Payments: China’s Central Bank Tells Merchants To Accept Cash; EU Threatens Big Tech...
December 15, 2020  |  News

In today’s top news, the People’s Bank of China ordered merchants to accept cash and the EU has threatened to break up Big Tech firms...

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UK Regulators Fine Barclays $31 Million For Poor Treatment Of Credit Customers
UK Regulators Fine Barclays $31 Million For Poor Treatment Of Credit Customers
December 15, 2020  |  Bank Regulation

The U.K.’s Financial Conduct Authority (FCA) has fined Barclays £26 million ($31.6 million) for its treatment of consumer credit customers who fell into arrears on...

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Vroom To Buy AI-Powered Analytics And Digital Services Firm CarStory
Vroom To Buy AI-Powered Analytics And Digital Services Firm CarStory
December 15, 2020  |  Acquiring

Vroom said on Tuesday (Dec. 15) that it has entered into a definitive deal to buy artificial intelligence (AI)-fueled analytics and digital services company CarStory...

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Jittery Investors Dump Shares Of Nordic Banks After Reports Of FBI Investigation
Jittery Investors Dump Shares Of Nordic Banks After Reports Of FBI Investigation
December 15, 2020  |  Security & Fraud

A report by a major Swedish newspaper triggered a selloff by investors of shares in a trio of Nordic banks, puzzling analysts since the revelations...

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Study: Manual AR Processes Slow Payments Collection By As Much As 67 Percent
Study: Manual AR Processes Slow Payments Collection By As Much As 67 Percent
December 15, 2020  |  B2B Payments

Paper-based payment processes are slow and costly, and tend to exacerbate existing payment pain points when collecting receivables. This is the key takeaway from a...

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Bridgetown SPAC Considering $10 Billion Indonesian Tokopedia Deal
Bridgetown SPAC Considering $10 Billion Indonesian Tokopedia Deal
December 15, 2020  |  Investments

Blank-check acquisition firm Bridgetown Holdings is considering a deal with the Indonesian eCommerce firm Tokopedia, Reuters reported on Tuesday (Dec. 15), citing sources. Backed by...

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Economists Predict Post-COVID Rebound, But Many Digital Shifts Will Remain 
Economists Predict Post-COVID Rebound, But Many Digital Shifts Will Remain 
December 15, 2020  |  Payments Innovation

This week’s start of U.S. COVID-19 vaccinations has economists predicting a big rebound for 2021, but PYMNTS data show that plenty of consumers’ pandemic-era changes...

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