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The Connected Economy’s 10 Biggest US IPOs Of 2020

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market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. COVID-19 was actually great news for DoorDash , as government shutdowns and consumer virus fears forced restaurants almost everywhere to eliminate dining in and switch to pickup and delivery. The stock then soared 112.8

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The Commercial Card Embraces A Season Of (Major) Change

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The year 2020 began inconspicuously — but in a few short weeks, everything changed. In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business.

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BoA: Big Restaurants Are Recovering Quicker From Pandemic

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Gregory Francfort and JonMichael Shekian , BoA analysts, looked at transaction data from BoA credit and debit card holders to see how people were spending at restaurants. Gregory Francfort and JonMichael Shekian , BoA analysts, looked at transaction data from BoA credit and debit card holders to see how people were spending at restaurants.

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The Next Big Thing Is … Debit

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Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. This trend is significant — one financial services company expects U.S. My Money, My Way.

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Looking Ahead With Optimism As Credit Unions Tackle Digital Banking Opportunity

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The year 2020 is no different in this regard, except for the fact that every single person saying it this time around absolutely means it — and is being 100 percent accurate in the description. But by midsummer, Clark said, the data show that consumers will start entering a far less shutdown world. Following The Roadmap Faster.

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Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings

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In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In

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Wells Fargo On What It Will Take To Revive The SMB Economy

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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.

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