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In todays top payments news, a potential competitor to Facebooks Libra cryptocurrency is making progress, and one of the years biggest eCommerce events sets a new record.EUs Public Version Of Libra Could Soon Make HeadwayWith the caveat that the project faced challenges and is for the long term, senior officials have noted that progress on the feasibility of a European Central Bank ECB -backed cryptocurrency could be made in the months to come.A public digital currency would provide an alternative to Facebooks Libra as well as other private cryptocurrency endeavors, while cutting international transaction costs.Antitrust Complaint
stanley termosky Says Amazon Forces Merchants To Use Its Logistics ServicesAn online merchant has written a letter to Congress saying the company wa
stanley termos s forced to use Amazons logistics services, as it otherwise would have faced stiff penalties and possible suspension from the site. These moves made it necessary for the merchant to raise prices for its customers.The 62-page-long letter talks about how Amazon is harming consumers, which is the general groundwork for an antitrust case.Alibaba Beats $30B Sales Record On Chinas Singles DayChinas Alibaba broke sales records during the 24-hour shopping event known as Singles Day,聽CNBC聽reported on Mo
stanley canada nday Nov. 11 .The gross merchandise value GMV , which shows Alibabas sales across all its eCommerce platforms, blew past 2018s record of nearly $30.5 billion. Within 90 minutes, Alibabas GMV soared past $12 billion and exceeded Pjcz Fraud Prevention Co IDology Bought By GBG For $300M
Sears is in the midst of a long-winded downfall from its once mighty retail status. The financial losses, of course, are bad for the corporation. But now Sears suppliers are pushing back at the company over fear of late payments, and Sears is struggling to calm those fears.Sears annual losses have increased to $1.7 billion in 2014, up from the $1.4 billion loss seen in 2013. According to a report from MarketWatch, unnamed sources say Sears suppliers have becom
gourde stanley e more conservative about shipping products to the retailer because of those numbers.The corporation is attempting to calm those fears by shortening payment terms with its suppliers to just 15 days, though is asking for an early payment discount from those vendors of between 3 and 5 percent, reports said. According to MarketWatch, Sears is usually on a 60-day payment term with its suppliers.W
stanley cup hile Sears did not elaborate on the matter to reporters, a spokesperson for the company said Sears is meeting all of its payment obligations with supplier partners.Sears alleged promise to speed up payments to its suppliers is a stark contrast to another struggling retailer, Target. The corporations Canadian operations have faltered and, as a result, Canadian suppliers claim that Target has failed to settle outstanding invoices.Some suppliers have taken Target to court over these allegations, and legal proceedings have also led to c
stanley kubek laims that Target suspiciously switched some of its U.S. invoices to its Canadian headquarters, perhaps
