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Apple Will Pay Contracted Janitors And Bus Drivers During Shutdown

PYMNTS

Contractors with Apple who work in janitorial, bus driving and other such fields will be paid during the coronavirus shutdown, in a reversal from the tech giant’s previous position. A company spokesperson said the hundreds of contract workers who perform essential jobs on the tech company’s campus in Silicon Valley would be paid.

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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. The company now operates in the U.K.,

Finance 142
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TravelgateX, PayParc Collaborate On Digital Wallet For Instant Travel B2B Payments

PYMNTS

Travel tech companies TravelgateX and PayParc have made a deal to create a B2B digital wallet, operating via API integration and available for any buyer or seller using TravelgateX, a press release says.

B2B 79
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Axle Lands $27.7M For Freight Financing, B2B Payments

PYMNTS

Cash flow is even more critical now, as the pandemic and shutdowns have disrupted supply chains worldwide. “Cash flow problems can be incredibly painful for freight brokers and freight forwarders,” said Krishnamoorthy in the release.

Finance 79
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Bambu Shuttered Operations in Dec 2023 After Failing to Achieve Profitability

Fintech News

The B2B firm, which specialised in providing robo-advisory products to financial institutions, was unable to achieve profitability within the set timeframe, leading to its shutdown.

Shutdown 113
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More ‘No-Touch Payments’ For B2B

PYMNTS

“We anticipate that the COVID-19 crisis may be the catalyst for ending manual check printing and mailing in B2B payments,” Neal Anderson, president and CEO of OnPay Solutions , told PYMNTS. More ‘No-Touch Payments’ for B2B. Yet, for B2B payments, trillions of dollars are currently issued on paper checks.

B2B 57
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Reliant Funding Launches SBA Loan Service Amid Government Shutdown

PYMNTS

” Reliant Funding’s new service comes in the middle of a lengthy government shutdown that has closed the Small Business Administration and caused a drop in SBA loan approvals, according to data published by Biz2credit on Tuesday (Jan. The government shutdown really has begun to hurt small companies in search of capital.”