pandemic

A pandemic is a disease outbreak that spreads across countries or continents. It affects more people and takes more lives than an epidemic.

Venmo Pilots Business Payments For Micro SMBs
Venmo Pilots Business Payments For Micro SMBs
July 02, 2020  |  Payment Methods

Venmo will introduce a new feature for businesses to accept payments separate from the individual owner’s account, a press release says. The payments company said...

READ MORE >
Uber To Continue Mandating Masks Into July
Uber To Continue Mandating Masks Into July
July 02, 2020  |  Ridesharing

Uber will be requiring drivers and riders to wear masks for the forseeable future, Reuters reported. The rule, put in place May 18 to hopefully...

READ MORE >
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
July 02, 2020  |  B2B Payments

The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance,...

READ MORE >
FedEx Eyes B2B Growth In Health As Ground Hit With ‘Peak-Like’ Residential Volume
FedEx Eyes B2B Growth In Health As Ground Hit With ‘Peak-Like’ Residential Volume
July 01, 2020  |  Earnings

As retailers shuttered their physical stores during the coronavirus pandemic and eCommerce adoption accelerated, FedEx Corporation’s commercial business-to-business (B2B) volume fell in the U.S as its...

READ MORE >
OCC: Banks Face Higher Compliance Risks Due To Pandemic
OCC: Banks Face Higher Compliance Risks Due To Pandemic
July 01, 2020  |  Regulation

The pandemic has heightened risks for pretty much everyone, including U.S. banks. The Office of the Comptroller of the Currency (OCC) said in a report this...

READ MORE >
Pandemic Continues To Dull Allure Of Luxury Goods
Pandemic Continues To Dull Allure Of Luxury Goods
July 01, 2020  |  Retail

COVID-19 continues to take the shine off luxury goods. Despite some signs of improvement this month, LVMH, the world’s biggest luxury goods group, admitted that...

READ MORE >
Senate Approves Five-Week Extension For Paycheck Protection Program 
Senate Approves Five-Week Extension For Paycheck Protection Program 
July 01, 2020  |  Loans

Just as the application deadline was set to expire on the Paycheck Protection Program (PPP) at midnight Tuesday (June 30), the U.S. Senate extended the...

READ MORE >
Why Lululemon’s $500M Mirror Deal Is A Muscular Move Into ‘Contextual Commerce’
Why Lululemon’s $500M Mirror Deal Is A Muscular Move Into ‘Contextual Commerce’
July 01, 2020  |  Partnerships / Acquisitions

In a move that caught much of the world off guard, athleisure giant Lululemon announced plans this week to buy home-exercise technology startup Mirror for...

READ MORE >
PSCU Finalizes Purchase Of Card Issuer Primax
PSCU Finalizes Purchase Of Card Issuer Primax
July 01, 2020  |  Partnerships / Acquisitions

Payments credit union service organization (CUSO) PSCU has acquired payment solution firm Primax, according to a press release. PSCU president and CEO Chuck Fagan said...

READ MORE >