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Today In B2B: Xero Collaborates On API Bank Connection; Billtrust Teams With REPAY

PYMNTS

Today in B2B payments, European banks grow wary of small business loans, and Xero collaborates on API bank connectivity. Euro area banks have cut back on lending, as the pandemic continues to threaten the economy. Payment solution provider REPAY Holdings Corporation has connected its systems with Billtrust. 20) announcement.

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Investors Fear China Stock Market Bubble Brought On By Gov’t Stimulus To Combat Virus

PYMNTS

A surge cap in Chinese stocks, fueled by the stimulus package from the government to combat the virus-riddled economy, has brought about fears of a repeat of the 2015 market crash, according to Reuters on Wednesday (Feb. China has been working hard to inject funds into the economy, which has seen itself crippled as the coronavirus descended.

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Tax Season 2023 Is Officially Open! Maybe. Okay, Not So Fast.

Nancy McClelland, LLC

And yet the IRS is telling taxpayers to go ahead and file when ready , and makes no reference to the pending legislation in today’s Outreach Connection email. Making them retroactive does nothing to spur the economy, as the decisions to buy equipment, invest in R&D, or take out loans were already made, last year.

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Freelancer.com And Escrow.com Aim To Ease Gig Workers’ Financial Woes

PYMNTS

In today’s digitally connected global economy, employers don’t need to think local when hiring freelancers – but thinking local still applies when paying the freelancers they employ. Payment frictions are rife in the gig economy, however. Building Stronger Cross-Border Gig Connections. contact-form-7] About the Index.

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Berkshire Hathaway Buys 11.3 Pct Of Bank Of America Shares

PYMNTS

The pandemic wreaked havoc on the banking sector like it did the rest of the economy, sending BoA shares and the value of the KBW Bank Index, which is one of the more widely-tracked measures of the health of the industry, down 30 percent since February, FT reported.

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As Consumers Buy Online Inflation Follows, Index Shows

PYMNTS

Online grocery sales saw a 110 percent increase in activity in April, according to Adobe’s Digital Economy Index (DEI), numbers spurred by the coronavirus ‘s push toward people avoiding human contact. That category isn’t an anomaly. Online sales as a whole continue to dwarf physical retail, the DEI stated.

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Top News In Payments: Chinese Tech Sector Faces Capital Crunch; US Prepares For Potential Iranian Cyberattack

PYMNTS

Who Will Shape The Future Of The Connected Economy? Today is the first business day of the first week of a new decade, which will see the shift from a mobile-centric apps economy to a commerce-centric connected one. Read our latest Subscription Commerce Index to find out more.