WhatsApp launches payments, Square Capital processed $820M in PPP loans, Walmart, Shopify and the shot across Amazon’s bow

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June 16, 2020

Digital Shift

Sam’s Club COO: What We Learned During The Pandemic’s Lockdowns

Sam’s Club knew it needed good online capabilities even before the COVID-19 crisis, but the pandemic radically sped up the company’s efforts, according to Lance de la Rosa, the chain’s chief operating officer and executive vice president. De la Rosa tells Karen Webster that the outbreak has also prompted Sam’s Club to increase highly visible in-store cleaning and employee mask use, as well as to roll out curbside pickup at all stores beginning next week. Here’s how.

 

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June 18 Roundtable

The Keys To Modernizing B2B Payments: Standards And Starting Small

Every financial institution (FI) has a theory about how to modernize B2B payments. But Vincent Caldeira, chief technologist, FSI, APAC at Red Hat; and Mick Fennell, business line director-payments at Temenos, say there are two basic things without which digital transformation projects won’t reach their fullest potential. Join them, along with Karen Webster, as they unpack how standards, and starting small, can lead the way. Here’s a sneak preview of what’s on tap.

 

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Marketplaces

How Chairish Helped Its Marketplace Sellers Stay Open — And Recover

After what he describes as "a challenging, crazy time," Chairish CEO Gregg Brockway is looking at a positive 2020 as his luxury-decor online marketplace taps the itch of homebound consumers looking to redecorate. He tells Karen Webster that fulfillment and a curated selection of chic and unique items is helping dealers and designers use digital channels to match their one-of-a kind inventory with consumers on the hunt for "chairishable" purchases.

 

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Healthcare Payments

Integrating Healthcare With Payments From Check-in To Checkup (And Beyond)

The healthcare billing-and-payment experience is fragmented and fraught with problems, as paper statements and opaque coding abound. But Bird Blitch, CEO of Patientco, tells Karen Webster how online platforms can help tie disparate parts of the process together — from check-in to offering affordable payment plans before services are rendered. That can help healthcare providers maintain cash flow while ensuring that patients get the care they need.

 

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eCommerce

Walmart, Shopify And The Shot Across Amazon’s (Marketplace) Bow

Walmart is linking up with eCommerce firm Shopify in a bid to grow its third-party sellers across the Walmart marketplace. In other words, Walmart's battle against Amazon is heating up. Will Amazon’s ongoing issues with the regulators give more torque to Walmart.com’s already-turbocharged growth? We break it down.

 

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Mobile Card App Features Playbook

New Data: Why 75 Pct Of Consumers Want More From Card Apps Than They’re Getting

Mobile card apps have been touted as the ‘Swiss Army Knives of Card Management,’ but card apps currently in the market are missing some crucial tools. Some 75 percent of app-focused consumers that PYMNTS recently surveyed said they want features that are not widely available, such as spending insights and financing plans. In the Building A Better App: Mobile Card App Features Playbook, see what else 3,187 consumers said financial institutions (FIs) must do to bridge the app-feature gap.

 

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What's Hot


Walmart Boosts Digital Health, Wellness Capabilities With CareZone Buy


Ride-Hailing Firm Grab Cuts Staff


WhatsApp Launches P2P Payments, eCommerce Payments


Green Dot Bank Names Ex-H&R Block CEO As Its Chief


Airlines Use Frequent-Flyer Programs As Collateral For Loans To Stay Alive


Square Capital Processed 76K PPP Loans Totaling $820M


Restaurant Group Says Pandemic Could Cost Industry $240B


Visa, CPI Card Group Launch Eco-Friendly Card


Travelex Ditches Sale After Banks Reject Offers


Bitcoin Daily: Bank Of Korea Launches Panel To Review Digital Currency; Revolut To Give Users Legal Control Of Cryptocurrencies


Best Of Yesterday 


Why Digital’s 3.0 Shift May Take Longer Than We Think


From T-Shirts To PPE — What Hanes Learned From Its Supply Chain Pivot


Dr. Annamaria Lusardi: FinTech Is Great, But No Substitute For Teaching Kids Financial Literacy


 

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