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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

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Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe

PYMNTS

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. The used-fashion market in the U.S. Forever 21 plans to close up to 178 stores in the U.S.,

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Alibaba Has Big Plans For Olympic Tech

PYMNTS

Chinese tech giant Alibaba has an Olympic sponsorship deal that’s worth hundreds of millions of dollars, and the company said it plans to use its technology to change and improve the way the Olympics operate, according to a report by the Associated Press. We also like to leverage our technology to help transform and upgrade the games.

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Alibaba Promises To ‘Transform And Upgrade’ Olympic Games

PYMNTS

Chinese tech giant Alibaba has an Olympic sponsorship deal that’s worth hundreds of millions of dollars, and the company said it plans to use its technology to change and improve the way the Olympics operate, according to a report by the Associated Press. We also like to leverage our technology to help transform and upgrade the games.

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Blockchain Believers Remain Bullish On B2B Payments Disruption: PayPie

PYMNTS

Dun & Bradstreet recently released a survey that found only about one-quarter of finance executives believe blockchain will emerge as the dominant B2B payments technology by 2028; instead, professionals believe online payments and eChecks will lead the way. “But I believe the technology is here. ”

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FinServ Starts To Draw The Line Between Freelancer And Small Business

PYMNTS

workforce by 2028, and already 16 million individuals are participating in the gig economy. According to George Kurtyka, co-founder and chief operating officer of Joust , late invoice payments are one of the most damaging problems small businesses face today, including gig workers. The gig economy continues to expand in the U.S.

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California DFPI issues proposed amendments to small dollar loan pilot program regulations

CFPB Monitor

Initially effective from 2014 to2018, the Pilot Program’s sunset date was extended to January 1, 2028. The Pilot Program operates under the California Financing Law (CFL) and is administered by the DFPI.