PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

Economy Returns Shutdown Small Business 69

PYMNTS

SEPTEMBER 21, 2020

And nearly a quarter of SMBs (24 percent) report their financial situation has improved since COVID-19’s dark early days when widespread shutdowns were taking effect. economy hit another round of shutdowns as summer gives way to fall and colder temperatures sweep the country. But the good news comes with a few caveats.

Consumer 111

Consumer Shutdown Risk Economy 111

PYMNTS

DECEMBER 23, 2020

In addition, some financial institutions catering to small companies will keep getting government support following a large shutdown earlier in 2020 because of the coronavirus. China’s State Council reportedly said late Tuesday (Dec. Ant Group Curbs Credit Limits Of Some Users Of Virtual Credit Cards.

Credit Limit 59

Credit Limit Shutdown Credit Cards Blockchain 59

PYMNTS

MAY 13, 2020

The goal was to hit that many clients by December 2020. In April, the government there planned a $1.9 billion program to support smaller businesses hit hard by the shutdown. PicPay , a Brazilian digital wallet, has 20 million clients as of early May, well ahead of schedule, according to a report by Reuters.

Shutdown 56

Shutdown Processors Credit Cards Small Business 56

PYMNTS

DECEMBER 24, 2020

The temporary shutdown of physical retail clearly accelerated eCommerce penetration, but the ability to connect to your customers both on and offline means D2C brands are incredibly well-positioned to deepen these relationships even as physical retail [hopefully] gets back to normal.”. percent in Q1 2020, but roughly even since 2016.

Economy 118

Economy Consumer On-Demand Shutdown 118

PYMNTS

MAY 7, 2020

The spread of the coronavirus has led to a halt of Major League Baseball, the National Hockey League and the National Basketball Association, and raised questions about whether the 2020 National Football League season will take place this fall. It might be two seats on either side – and then one in front, one behind.” .

Shutdown 52

Shutdown Ubiquitous On-Demand Returns 52

PYMNTS

MARCH 14, 2019

government shutdown was singled out as a key factor behind a corporate banking slowdown at the start of 2019, according to Citigroup Chief Financial Officer Mark Mason, who took up the position only weeks ago. Reports in the Financial Times this week said the U.S. CNBC research conducted earlier this year found 91.3

Shutdown 43

Shutdown Treasury Cash Management Faster Payments 43

PYMNTS

SEPTEMBER 7, 2020

The year 2020 began inconspicuously — but in a few short weeks, everything changed. For the corporate card, 2020 has been a season for dramatic shifts in how the payment tool is used and the value it adds to the enterprise. It’s a shift that will almost certainly continue into the autumn and winter months towards the closure of 2020.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

MAY 7, 2020

Disney, for example, reported earlier this week that it has lost roughly $1 billion each day since the start of the shutdown. April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. The first quarter of 2020 also saw payment transactions pickup by 20 percent to 1.2 PayPal added 7.4

PayPal 99

PayPal Transactions Process Venmo 99

PYMNTS

APRIL 15, 2020

Stay-at-home orders and government mandates to shutter restaurants have blocked the most direct ways for dining establishments to get top-line torque and make money. The pain of that wait was underscored this week as the airlines reach a deal to receive billions of dollars in aid from the government. Restaurants Feel a Bite, Too.

Treasury 56

Treasury Governance Government Shutdown 56

PYMNTS

MARCH 30, 2020

For most SMBs , 2019 was a banner year, and 2020 was expected to be nothing less than spectacular. The boutique shops that lined Main Street USA, which got nearly all of their business face-to-face in their stores, expected that 2020 would be another great year. Consumer spending was strong, as were their household balance sheets.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

PYMNTS

DECEMBER 4, 2020

NEW DATA: Black Friday 2020: COVID-19 Steepens Physical Retail’s Long Slide. consumers shows 75 percent of Black Friday 2020 shoppers made purchases online — and 30 percent of those shoppers used only digital channels. Top Trackers And Reports. A PYMNTS survey of a national sample of 2,147 U.S.

Visa 60

Visa Online and Mobile Banking Push-to-Card Digital Currency 60

PYMNTS

DECEMBER 12, 2020

And if ever there was a year in need of consumers’ generosity, 2020 would be it. Case numbers continue to climb rapidly nationwide, shutdowns and other regulations are going into effect and the death count is breaking records seemingly each day. The vaccine is here – and the end is within sight. Unemployment is at 6.7

SWIFT 86

SWIFT Push-to-Card Research Shutdown 86

PYMNTS

NOVEMBER 21, 2020

Perhaps against all odds, Thanksgiving is happening in 2020. And with more business shutdowns looming, it looks to be set to start rising again. 18) by The Century Foundation, two government programs authorized by the Coronavirus Aid, Relief and Economic Security Act (CARES Act) expire on Dec.

NOV 71

NOV Shutdown Checks Accounts 71

PYMNTS

NOVEMBER 19, 2020

Department of Agriculture (USDA) expanded the online program, which as of today is available in 46 states and the District of Columbia and includes over a million American households that are now shopping for groceries online using government benefits. That figure represents a 50-fold increase since the beginning of the pandemic.

On-Demand 57

On-Demand Shutdown Consumer Underserved 57

PYMNTS

MAY 4, 2020

A decision to reopen, even partially, must weigh the economic impact of keeping the economy locked down against the availability and effectiveness of treatments that will mitigate or eliminate the risk of another serious outbreak, as well as illness and deaths, within months of reopening – and the potential for another shutdown.

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

JANUARY 19, 2020

-backed virtual private networks (VPNs) are working to help Iranians circumvent internet censorship from their own government. government supporting protesters inside Iran. Some of the services blocked by Iran’s government include Twitter, Facebook and YouTube. The outreach aims to ramp up pressure on the Iranian regime.

Shutdown 54

Shutdown Government Governance Blocks 54

PYMNTS

APRIL 13, 2020

On March 24, knowing that government help was on the way, but not certain of the specifics, one in four Main Street SMBs didn’t think their businesses would survive the pandemic, and four in 10 said they weren’t sure. The time is now to think about government subsidies to keep Main Streets from becoming economic deserts.

Payroll 115

Payroll On-Demand Returns Economy 115

PYMNTS

APRIL 27, 2020

The challenges of reigniting the economy after nearly two months of a near-total shutdown of the physical world, and probably a longer partial shutdown, is a lot like the ones faced by an entrepreneur with a platform business that she wants to ignite and scale. In other words, for most of 2020. It may also be wishful thinking.

Economy 93

Economy Shutdown Consumer On-Demand 93

PYMNTS

MARCH 27, 2020

Bangladesh is sending law enforcement and military to police a shutdown to slow the coronavirus proliferation. Morgan Stanley CEO James Gorman said in a memo, according to the outlet, “While long term we can’t be sure how this will play out, we want to commit to you that there will not be a reduction in force at Morgan Stanley in 2020.

Tax Refunds 60

Tax Refunds Law Enforcement Shutdown Treasury 60

PYMNTS

DECEMBER 28, 2020

27), averting a government shutdown and providing millions of Americans help as the pandemic continues through the new year. 52 Mondays 2020: The Year Of Speed, Scale And Seismic Shifts in Payments. Trump Signs Stimulus Bill, Averts Unemployment Benefits Lapse. Square Said To Mull Buy of Jay-Z’s TIDAL Music-Streaming Service.

PayPal 56

PayPal Bitcoin Cryptocurrency Shutdown 56

PYMNTS

APRIL 16, 2020

SMB owners do not believe they will survive the great shutdown of 2020, while another third are starting to have serious doubts about their odds. president has the “absolute authority” to lift state and local stay-at-home orders in his capacity as head of the federal government.

Consumer 58

Consumer Economy Returns Governance 58

PYMNTS

MAY 4, 2020

Or at least that was what it estimated in 2018 — a 2020 update of those figures taking into account the tens of millions of Americans out of work, shutdown economy and the general uncertainty about when recovery will begin in earnest, and what that recovery will look like would likely increase that figure.

Push-to-Card 56

Push-to-Card Compromise Laws Agreements 56

PYMNTS

JANUARY 17, 2019

The government shutdown , which is now the longest in modern history, is hurting President Donald Trump’s deregulation plans in the financial services industry. But with the partial government shutdown, they aren’t so sure. But with the partial government shutdown, they aren’t so sure.

Shutdown 43

Shutdown Governance Government Rules 43