PYMNTS

SEPTEMBER 7, 2020

billion , with that figure expected to grow more than 24 percent in 2020. As Labor Day is the gateway to the all-important fourth quarter, it’s a good time to look at where the DTC category will end up when the dust has finally cleared on 2020: How COVID-19 Boosted DTC. eCommerce spiked because consumers demanded it and drove it.

On-Demand 100

On-Demand Shutdown Consumer Gateways 100

PYMNTS

DECEMBER 31, 2020

Take a look (and have a listen) at our 10 favorite podcasts from 2020. Is 2020 Healthcare’s Year To #KillTheCheck? With unemployment soaring and the economy in a free fall, Gerber noted the inevitable reality that companies would be inundated with disputes, cancellations and demands for refunds from consumers.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

SEPTEMBER 7, 2020

The difference is in the way the shutdowns earlier this year spurred demands for trucks that could withstand rougher terrains as Americans turned more to vehicles ready for road trips to get out of the house. A new vehicle, on average for August, costs around $35,420, according to research by the firm J.D. Car sales are down 19.8

Shutdown 71

Shutdown On-Demand Research Economy 71

PYMNTS

JULY 8, 2020

“2020 will be the year when businesses invest in filling their information and skill gaps to take advantage of digital commerce.”. Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year.

Shutdown 64

Shutdown On-Demand Returns B2B 64

PYMNTS

APRIL 17, 2020

However, there is one lesson that is already becoming clear from 2020’s black swan event, as businesses safeguard against future disasters — in our interconnected world, one cannot be prepared for the worst without taking into consideration the disruption of both supply and demand. and beyond, attention has turned to demand.

On-Demand 92

On-Demand Shutdown Volume Procedures 92

PYMNTS

NOVEMBER 2, 2020

When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. Interestingly, the World Bank cited the pandemic and related shutdown as the main cause of the trend, pointing to lower wages and lost jobs as a key factor. A Short-Term Remittance Boom.

B2B 96

B2B Non-Bank Volume On-Demand 96

PYMNTS

SEPTEMBER 3, 2020

But COVID-19’s virtual shutdown of in-person dining nationwide has pushed the firm’s growth to closer to 800 percent for 2020. The other big players always feature big chains, so small restaurants got a very few orders from other platforms,” Wen said. We don’t see a lot of competition in that lane,” he said. “We

On-Demand 75

On-Demand Shutdown Underserved Use Case 75

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

OCTOBER 20, 2020

Business roadmaps predating 2020 aren’t much use these days, however, as COVID has altered the terrain. In chronicling the digital shift since it went into high-gear last spring, PYMNTS has gathered valuable business intelligence on the demands of new digital-first consumers. So, do you offer instant credit?

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

MAY 22, 2020

Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small. Le Garrec said Petit Robert has been serving up dining experiences — on-demand and remotely — well enough to recoup 40 percent of its former business, “so it’s not that bad.”.

Shutdown 97

Shutdown Returns Checks On-Demand 97

PYMNTS

NOVEMBER 24, 2020

Though the meal kit delivery firm has seen its sales pick up during the pandemic, it has struggled to keep up with consumer demand, generating many complaints of undelivered meals throughout the year. Blue Apron has also had trouble meeting labor demands, according to reports. Freshly currently ships more than a million meals per week.

Economy 85

Economy On-Demand Shutdown Consumer 85

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Commercial Card 81

Commercial Card B2B Visa Issuers 81

PYMNTS

JUNE 8, 2020

The Saudi Arabia-based company hopes to take advantage of the surge in demand for its online delivery business due to the shutdown. In February, sources said BinDawood was expected to go public by the end of the first quarter or the beginning of the second quarter of 2020. Morgan Chase & Co. , Moelis & Co.

Shutdown 52

Shutdown On-Demand 52

PYMNTS

JANUARY 17, 2021

The Book by Cadillac website says Cadillac “will be debuting a new program in early 2020.” Whether it’s buy, lease or subscribe, carmakers and dealers are unified in their desire to sell cars, or move metal, in order to meet strong consumer demand for cars. Unfortunately the Access by BMW subscription program is ending on Jan.

On-Demand 81

On-Demand Shutdown Consumer Finance 81

PYMNTS

JULY 21, 2020

Gett said its corporate service has stayed stable during pandemic shutdowns. The platform includes “high-quality local and global vendors, for on-demand taxi, chauffeur and limousine and ride-hailing services.”. Gett , which provides corporate taxi services, has raised $100 million in a funding round, the company announced on its blog.

Shutdown 56

Shutdown On-Demand 56

PYMNTS

NOVEMBER 30, 2020

With COVID-19 case counts on the rise and shutdowns going back into effect in an increasing number of states, the already rocky road restaurants had ahead of them looks to have gotten more treacherous. is strategically important to us, and it will be our primary focus in 2020,” Eric Liu , CEO of HungryPanda, said of the investment. “We

Innovation 60

Innovation Shutdown On-Demand Returns 60

PYMNTS

JULY 3, 2020

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. A Focus on Contactless Commerce.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

APRIL 27, 2020

Shipments and spending were down in the first quarter of 2020 compared to the fourth quarter of 2019, according to the U.S. The lockdown has created an increased demand for grocery items and other necessities while “binge buying” led to shortages caused by supply chain issues. . Bancorp Freight Payment Indexes. As the U.S.

Shutdown 52

Shutdown Payments Volume On-Demand 52

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

JUNE 19, 2020

One installment payment app saw a record year-to-date high on April 5, when app-enabled purchasing volumes at specialty home furnishing stores was 111 percent higher than the daily average for 2020. Also, furniture stores registered a year-to-date high on April 10, with transaction volumes up 61 percent compared to the daily 2020 average.

Consumer 60

Consumer BNPL On-Demand Shutdown 60

PYMNTS

DECEMBER 28, 2020

declined by 7 percent over the past five years, for example, and some credit unions are also reportedly considering more physical branch shutdowns as their members move online. Deep Dive: How The Events Of 2020 Will Affect The Future Of Digital-First Banking. The total number of banks in the U.S. About The Tracker.

ATM 73

ATM Credit Union Shutdown On-Demand 73

PYMNTS

JUNE 17, 2020

home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. But we still expect starts to be down on average across 2020 overall.”. For the first time since U.S. Census Bureau and the Department of Housing and Urban Development.

Adjustments 56

Adjustments Shutdown Economy On-Demand 56

PYMNTS

APRIL 15, 2020

Waiting for demand to recover is a dicey proposition, of course, because no one really knows just how and when (not if) demand will recover. Capacity, of course, is gone, amid lockdowns and government-mandated shutdowns. After all, those firms depend on bodies in seats – literally. Restaurants Feel a Bite, Too.

Treasury 56

Treasury Governance Government Shutdown 56

PYMNTS

APRIL 16, 2020

Given the full-scale shutdown in the U.S. Though Q1 2020 had been forecast to produce continued and perhaps even strengthened spending activity, the coronavirus quickly reversed that course. “We Demand for loan products has also fallen. BofA, incidentally, is not the only big bank in the U.S. and Wells Fargo & Co.

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

PYMNTS

JUNE 3, 2020

In a recent report , Bain & Company projected a 25 percent to 30 percent global luxury market contraction for the first quarter of 2020 based on three potential scenarios. The first predicts a limited market contraction of 15 percent to 18 percent, assuming increased consumer demand for the second and third quarter of the year.

Adjustments 52

Adjustments Shutdown On-Demand Risk 52

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. Instead, they’re now seeking entirely contactless payments in a COVID-19 world.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 56

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. Instead, they’re now seeking entirely contactless payments in a COVID-19 world.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

PYMNTS

MARCH 6, 2020

But as it turns out, 2019-2020 will go down in the record books as one of those years where everyone got it wrong — because a black swan showed up. 1, 2019, there was no shortage of predictions about which stories would drive payments, commerce and the global financial ecosystem. Costs And Benefits.

Online and Mobile Banking 60

Online and Mobile Banking Disputes Economy Push-to-Card 60

PYMNTS

NOVEMBER 19, 2020

We’ve seen a massive increase in demand for eCommerce for our business,” Wishart noted. But this time, it seems, there is a trace of good news: Experts report that they are ready this time – and they have the TP supplies to meet the surge of demand. He said that online sales have grown 40 percent since the pandemic began.

On-Demand 57

On-Demand Shutdown Consumer Participant 57

PYMNTS

AUGUST 20, 2020

million cars during the second quarter of 2020, even as its same-store sales fell 8 percent on the whole. With demand for our drive-thru at an all-time high, we know adapting to meet our consumers rapidly changing needs has never been more important,” Grams said in the firm’s announcement of the new Taco Bell Go Mobile design.

Shutdown 52

Shutdown On-Demand Consumer Transactions 52

PYMNTS

JULY 2, 2020

Even before any official shutdowns, 43.8 What they will do next and how those demands will shape payments are open questions at this point. The one thing everyone agrees on is that the second half of 2020 is still a mystery. Despite early skepticism about the danger posed by the disease, people began modifying their behavior.

Returns 52

Returns Consumer Research Shutdown 52

PYMNTS

FEBRUARY 12, 2020

While the virus keeps Chinese consumers homebound (as stores, schools, businesses and public gathering places like movie theaters have been closed), ordering food in and ridesharing have become increasingly challenging — as various app-based, on-demand services have temporarily shuttered operations as well. 24 through Feb.

Economy 57

Economy Small Business On-Demand Shutdown 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

APRIL 13, 2020

Small businesses can’t survive weeks without demand. For these Main Street SMBs, there is no demand. That was the day the SBA PPP rescue relief effort began accepting applications from banks on behalf of their small business customers. trillion CARES Act had passed a week earlier, on March 26.

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. The buyers are key, of course, since they drive demand and sales.

Economy 93

Economy Shutdown Consumer On-Demand 93

PYMNTS

MARCH 20, 2020

And while we’re not quite done with the first quarter of 2020, the overall reading of 127.5 The wildcard, of course, is the pandemic, which is shifting attention to emergency planning, worries about demand and of course supply chain issues. Looking at the numbers, data in the overall Index had a compound annual growth rate of 2.6

Small Business 56

Small Business Shutdown Research On-Demand 56