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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. Traditional lenders look at the past," he said.

eCommerce 142
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eCommerce Takes Half Of Pandemic-Driven Retail Growth

PYMNTS

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. trillion while total retail revenues contract 4 percent to $5.07

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Today In Payments: PNC Advances $11.6B BBVA Purchase Deal; US Economic Forecasts Grim Amid Escalating COVID-19

PYMNTS

Plus, Mastercard announced a new Account-to-Account service to its Track Business Payment Service. US Economic Forecasts Grim Amid Escalating COVID-19. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus. unit for $11.6 PNC Advances $11.6B

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Online Sales Projected To Settle At 16.5 Pct Growth Rate

PYMNTS

While web users have harnessed eCommerce in numbers that haven’t been seen before amid the COVID-19 heath crisis, eMarketer forecasts the worldwide retail online shopping sales will slow down to a 16.5 The firm forecasts an overall $3.914 trillion in online shopping sales in 2020 per an announcement. percent in 2019.

Sales 94
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Petco Aims At $4 Billion Valuation In IPO

PYMNTS

In September, PYMNTS reported that the market, like many others, was beginning to shift into a digital mode for more eCommerce ability, according to Chief Digital and Innovation Officer Darren MacDonald. eCommerce was a fast-growing channel for pet-related shopping even before the pandemic, making $12.2

Valuation 102
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The 7 Critical Finance Software for Your Companies Tech Stack

The Finance Weekly

As the number and quality of software tools increases, companies are constantly looking to find better ways to cut down on manual work and increase efficiency. Finance is responsible for a large number of critical operations in a business. Finance is responsible for a large number of critical operations in a business.

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In Germany, Cold Hard Cash Still the Way to Pay

PYMNTS

As detailed by NPR, though at least some verticals, such as grocery stores, accept card transactions (and thus see at some volume of contactless payments), a significant number of smaller businesses rely on cash to keep revenues coming in.