PYMNTS

AUGUST 17, 2020

What we see in those numbers are the glimmers of a “V-shaped” recovery in those segments where consumers really value and want to return to the physical retail experience – with restaurants leading every other sector. And that’s the rise of the auto-refill economy. General Mills reported that its U.S.

Economy 134

Economy Adjustments Consumer Product 134

PYMNTS

JULY 6, 2020

When the digital economy started to reduce jobs in some areas and create them in others, a more robust “ gig economy ” developed. Now that the digital shift is underway in a big way, retailers need to enter a new kind of gig economy. All of a sudden, it seemed, being a free agent was cool. Side hustles were in.

Economy 64

Economy Research Consumer Returns 64

PYMNTS

DECEMBER 30, 2020

Department stores are struggling in a digital-first economy, while forward-thinking retailers are looking at the returns process as an opportunity to create a positive customer experience. 97% : Share of consumers who will buy from a retailer again after having a positive returns experience.

RTP 104

RTP Returns Real Time Payments Instant Payments 104

PYMNTS

MAY 25, 2020

The balance of 2020 will be notable for what Amazon does not do. If Amazon sees any M&A deals this year, it will likely be on the infrastructure side: shipping, return platforms and payment mechanisms. Nike will end 2020 as a consistent retail force, commanding respect for more than the shoes. The Digital Shift.

Shutdown 64

Shutdown Returns On-Demand Governance 64

Lending Front

JUNE 6, 2021

But while the economy in general is expected to boom, many small businesses are still in recovery mode. Of the firms that did apply for non-emergency financing, only 37% of applicants received all of the financing they sought in 2020, down from 51% in 2019. The post The Economy is Rebounding—But Small Businesses Are Still Recovering.

Small Business 52

Small Business Community Banks Economy Non-Bank 52

PYMNTS

NOVEMBER 24, 2020

With restaurant dining rooms closed and Americans forced to rely on their own abilities as home chefs over the last eight months, meal kits have caught a second wind in the pandemic economy. Will consumers keep ordering cookable meals when the easier option of dining out returns? It’s not a question that will be answered tomorrow.

Economy 85

Economy On-Demand Shutdown Consumer 85

PYMNTS

MARCH 31, 2020

By all reasonable measures, the first three months of 2020 have been a wild ride. economy into a recession. This is unlike 2008, when “the cancer in the housing market” left the economy permanently damaged when it ultimately collapsed from the inside. Will the major expenditure work to buffer the economy? Probably not.

Economy 56

Economy Push-to-Card IRS ACH 56

PYMNTS

JUNE 1, 2020

In today’s top news, China’s economy looks to be rebounding, and a minimum of $20 billion in PPP loans has been returned. China’s Rebounding Economy Is Likely Exception, Not Norm. Manufacturing indexes in China show that the country’s post-pandemic economy is on the rebound, the latest reports indicate.

Economy 52

Economy FTC Federal Trade Commission B2B 52

PYMNTS

MAY 5, 2020

“While these actions were necessary, it became clear that we would have to go further when we faced two hard truths: We don’t know exactly when travel will return,” he wrote. When travel does return, it will look different.”. The company also said at the time that it did not expect to give out bonuses for 2020.

Returns 56

Returns Security Economy 56

PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Over the last two weeks, consumers have added 47 days to how long they think it will take for them to return to normal, and when they think the economy will truly reopen. Healthy Or Hermits? Almost three-quarters (71.7)

Economy 83

Economy Consumer Risk Returns 83

The Fintech Times

MARCH 1, 2024

Mastercard’s new programme looks to improve the digital account opening process by verifying account ownership, lowering account abandonment, reducing non-sufficient fund (NSF) returns, and minimising manual entry of payment credentials. million in 2020 to 47.8 million by 2026.

Card Issuer 62

Card Issuer Issuers Visa Online and Mobile Banking 62

PYMNTS

DECEMBER 8, 2020

Because while four or five years ago millennials looked like a generation holding back from homeownership, either due to preference or financial constraint, as 2020 comes to a close the situation has changed markedly. By 1960 it had grown to $500 billion, making the United States the world’s largest economy by far.

Economy 141

Economy Returns Consumer On-Demand 141

PYMNTS

SEPTEMBER 28, 2020

He added that many customers want to “find ways to be more creative in their purchasing to make sure that they are supporting the economy and small businesses as a whole.”. Ultimately, what we are seeing means we’ll have a better long-term effect on the economy in a post-COVID world,” Burgin said. Strengthening The Digital Offering.

Small Business 94

Small Business Contactless Payments Economy Mitigation 94

PYMNTS

DECEMBER 30, 2020

Connected-economy companies led 2020’s surprisingly successful roster of U.S. households with pets will rise 4 percent in 2020, creating $4 billion in fresh demand for pet products. In fact, Petco’s net sales actually rose 9 percent year on year during 2020’s first 10 months despite COVID-19 closures, reaching $3.6

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

PYMNTS

JANUARY 28, 2021

But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. Person-to-person international transfers form by far the largest foreign economic support for developing economies. In the payments industry, they’re known as remittances.

Cross-Border 117

Cross-Border Innovation Economy Governance 117

PYMNTS

DECEMBER 23, 2020

Right now the economy is gradually returning to normal, but more support is still needed (given) small and micro-sized enterprises’ production and operations face unique challenges,” the government statement said, according to CNBC’s translation of the text. in the first quarter. so far this year. percent), Russia (0.2 percent. “The

Economy 69

Economy Returns Shutdown Small Business 69

PYMNTS

NOVEMBER 13, 2020

By the conclusion of 2020, eCommerce advertising will comprise 12.2 Of course, another key trend to watch is Walmart’s ability to continue to capture the digital shift and grow in the digital-first economy. According to eMarketer , brands will spend $17.37 billion on advertising on eCommerce sites and apps this year, up 38.8

Economy 60

Economy NOV On-Demand Adjustments 60

Fintech Finance

FEBRUARY 28, 2024

The program improves the digital account opening process by verifying account ownership, lowering account abandonment, reducing non-sufficient fund (NSF) returns, and minimizing manual entry of payment credentials. million in 2020 to hit 47.8 year over year, from 20.7 million by 2026.

Visa 59

Visa Accounts Issuers Online and Mobile Banking 59

FICO

DECEMBER 9, 2019

Now, what does 2020 promise on the C&R front? Creditors are selling more portfolios and services are needing to create the economies of scale necessary to support higher efficiency and stronger returns. Here’s what I see. M&A will grow in the third-party space. This is happening now and I see it continuing.

Risk 52

Risk AI Non-Bank Push-to-Card 52

PYMNTS

JULY 8, 2020

economy — a recovery is in the cards, yes. They won’t return to brick-and-mortar. Last month, the Federal Reserve estimated that Fed officials indicated that, as noted in The New York Times , the unemployment rate will close 2020 at 9.3 For the digital consumer — for the U.S. But it will take a while. Roughly 26.5

Consumer 61

Consumer Federal Reserve Cross-Border Fed 61

PYMNTS

JANUARY 8, 2021

Eligible taxpayers who didn’t receive their payment will need to claim it on their 2020 tax returns, CNBC reported. Some residents are receiving messages that they can only get their checks after filing their 2020 tax returns. The Treasury Department said it set up a special website for EIP card information.

Debit Card 129

Debit Card Checks IRS Direct Deposit 129

PYMNTS

JUNE 15, 2020

Separately it will take a few years for the sector to return to 2019 levels, as noted by CBRE Senior Economic Advisor Spencer Levy. Overall, economy class hotels had reached a 50.3 As reported in Skift , Marriott CEO Arne Sorenson Monday said most of the world’s hotel markets had hit bottom and had started to rebound.

Advisors 64

Advisors Returns Consumer Economy 64

PYMNTS

OCTOBER 22, 2020

Netflix’s stellar first-half 2020 financials belie the fact that it’s losing subscribers to Apple TV, Disney+, Amazon Prime Video, HBO Max and other entrants as big studios take back titles from Netflix — a victim of its own success if ever there was one. Given such news, Netflix is coming to grips with the limits of growth.

Economy 70

Economy Origination On-Demand Returns 70

PYMNTS

SEPTEMBER 17, 2020

Tencent’s 2020 Pandemic and the QR Code Economy Report , released in May, reported that QR code usage had increased 25 percent from the previous year, with over 140 billion instances of usage from governments, businesses and individuals. companies like Walmart and Walgreens, in addition to Apple utilizing them for Apple Pay.

Debit Card 130

Debit Card Mobile Payments Returns Economy 130

PYMNTS

SEPTEMBER 29, 2020

The coronavirus is showing signs of a return after several weeks of low positive test rates, with over 1,000 new cases in the state of New York on Saturday (Sept. New York's Metropolitan Opera announced cancellations for its entire 2020-21 season, which CNBC called "ominous" for all other performing groups.

Economy 89

Economy Returns Product 89

PYMNTS

NOVEMBER 20, 2020

This winter will be grim, and we believe the economy will contract again in 1Q," the economists wrote. “We The projection goes against earlier Wall Street forecasts that largely believed the first quarter of 2021 would be the start of a bouncing-back economy. Morgan economists said in a new forecast, CNBC reported Friday (Nov.

Economy 78

Economy NOV Returns Continuity 78

PYMNTS

OCTOBER 11, 2020

T]he euro area economy is still operating far below its pre-pandemic level," he added. Economic output by the end of 2020 is expected to wind up about 5.2 percent below the same figure at the end of 2019, he said, and "economic activity is foreseen to return to pre-pandemic levels only towards the end of 2022.".

Central Bank 96

Central Bank Assessments Consulting On-Demand 96

PYMNTS

DECEMBER 30, 2020

If there’s a word that captures the state of financial services in 2020, it’s “acceleration.” I’ve said it forever and I’m going to keep saying it, because I believe it’s truer at the end of 2020 than it’s ever been. Among the things she is most proud of in 2020, Turner said, is the expansion of faster payments.

Consumer 112

Consumer Visa Faster Payments Instant Payments 112

PYMNTS

APRIL 5, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. The IRS will be using federal tax returns from 2018 or 2019 to determine eligibility. There are roughly 10 million people in the U.S.

IRS 91

IRS Returns Checks Direct Deposit 91

The Fintech Times

SEPTEMBER 2, 2024

Ezechi Britton MBE, CEO of the Centre for Finance, Innovation and Technology (CFIT) With Parliament returning from its summer recess this week, the Prime Minister has pledged that ‘the business of politics will resume’ – but also that ‘it won’t be business as usual’.

Crime 70

Crime Verification Fraud Detection Innovation 70

PYMNTS

NOVEMBER 12, 2020

The year 2020 has been big for “un” words: unprecedented, unknown, unforgettable and (of course) unending. I think there are a lot of things that 2020 taught us for sure,” Kress said. “We It’s not that consumers will never return to stores; the panel unanimously agreed physical commerce will always have patrons.

PayPal 73

PayPal Economy BNPL Consumer 73

PYMNTS

MARCH 20, 2020

Research and consulting firm Strategy Analytics has released a report stating that global smartphone shipments dropped 38 percent year on year in February of 2020. The staggering decline is blamed on the COVID-19 outbreak, which has seen countries around the world stop their economies to contain the spread of the virus.

On-Demand 70

On-Demand Consulting Returns Economy 70

PYMNTS

JUNE 14, 2020

Stimulus payments to taxpayers totaling $267 billion was not enough to avoid a decline in household net worth in the first quarter on 2020, the largest drop since records began being kept in the 1950s, The Wall Street Journal (WSJ) reported. economy devastated by the pandemic. trillion in the first quarter compared to $117.3

Federal Reserve 70

Federal Reserve Fed Economy Central Bank 70

Fintech Finance

AUGUST 30, 2024

I am committed to ensuring that SumUp remains focused on its mission of empowering small businesses to thrive and succeed in the digital economy. Claire joined SumUp in 2020, working on operational risk and compliance, rising to Head of Operational Risk. Her promotion to Head of Compliance EU was confirmed earlier this summer.

Non-Bank 52

Non-Bank Compliance Risk Consulting 52

PYMNTS

NOVEMBER 17, 2020

But according to Kount’s 2020 Bot Landscape and Impact Report, most “bad” bots are found hiding in pretty much the same areas: account creation, login checkout/payments, coupon/loyalty-point redemptions and one more — product selection. 2021 is going to be the year of emergence and dominance of event-based bot protection.”.

Bots 65

Bots Economy Blocks Near Real-Time 65

PYMNTS

OCTOBER 14, 2020

In addition, Ripio has rolled out wallet feature Ripio Earn, which is a USDC yield account providing a 6 percent annual rate return, the release stated. Ripio said it has seen an 800 percent increase in the use of stablecoins during the second quarter of 2020. The product is available in Argentina and Brazil.

Stablecoins 91

Stablecoins Digital Currency Cryptocurrency Returns 91

PYMNTS

JULY 17, 2020

The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Drew Edwards , CEO at Ingo Money. A recent McKinsey study showed that “75 percent of people using digital channels for the first time indicate that they will continue to use them when things return to ‘normal.’”.

Ubiquitous 96

Ubiquitous Instant Payments On-Demand Innovation 96