PYMNTS

MAY 6, 2019

Morgan Stanley will send the Russian central bank a notice that it’s going to formally close of all of its banking operations in the country in the first quarter of 2020, according to a report by Reuters. The news came in the company’s annual report, as it had announced last year that it was doing the voluntary shutdown at some point.

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Shutdown Central Bank Privacy Consulting 43

FICO

NOVEMBER 8, 2021

As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by COVID-19 began in earnest. This recent increase in the average score is reflective, in part, of impacts that the COVID-19 pandemic has had on U.S.

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Shutdown Credit Cards Consumer Payments 98

PYMNTS

AUGUST 4, 2020

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. That left small and medium-sized businesses (SMBs) scrambling to rapidly switch to digital to keep at least some revenue coming in.

Real Time Payments 72

Real Time Payments Point-of-Sale (POS) Small Business Settlement 72

PYMNTS

JANUARY 30, 2020

The positive start of the consumer climate in 2020 confirms our assessment that private consumption will continue to be an important pillar of the German economy this year,” Buerkl said. Compare the French shutdown to the economic damage — approximately $11 billion — the United States’ government shutdown caused in early 2019.

Economy 56

Economy Consumer Shutdown Central Bank 56

CB Insights

JUNE 24, 2020

As the global pandemic and related shutdowns continue to create rising income loss and unemployment rates, consumers need financial assistance more than ever. Borrowers are missing scheduled debt payments at record levels, while loan impairments doubled in just 1 month to reach 12% of all consumer loans in April 2020.

Consumer 74

Consumer FinTech Shutdown Research 74

PYMNTS

APRIL 6, 2020

These are among the key findings in Mobile Wallet Adoption 2020: Mobile Wallet Use And The COVID-19 Pandemic , our latest study in a series tracking the technology since 2015. For the 2020 report, PYMNTS surveyed more than 5,500 U.S. percent of consumers reported using Apple Pay at the POS in early- to mid-March, and just 3.3

Point-of-Sale (POS) 93

Point-of-Sale (POS) Consumer Shutdown Contactless Payments 93

PYMNTS

DECEMBER 21, 2020

points, or 27 percent, during 2020, going from 14.2 Many people began to think long and hard about using credit when they were unsure if they'd have financial stability with the mass layoffs and virus shutdowns. percent in February to 34.6 percent by October. Rejection rates among applicants increased on average by 3.8

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Federal Reserve Fed Credit Union Service Organization Credit Union 119

PYMNTS

APRIL 29, 2020

The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” said Lawrence Yun, NAR’s chief economist, in a statement. . The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” Yun said. “As

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Shutdown Economy Consumer 56

VISTA InfoSec

MAY 23, 2024

These storage resources can be compromised and lead to data leaks similar to the unsecure S3 bucket of THSuite reported in 2020. Also, it makes sense to target specific resources for removal to avoid a temporary shutdown of operations and the need to redo all configurations from the start.

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Compromise Database Best Practices Shutdown 288

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.

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Shutdown On-Demand Returns B2B 64

PYMNTS

DECEMBER 30, 2019

When ABG was announced as Barneys’ owner, the company said Saks Fifth Avenue would serve as a partner for both in-store and eCommerce transactions – so the shutdown of Barneys’ sites is as expected.”.

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Shutdown Transactions Authentication Continuity 53

FICO

APRIL 13, 2022

As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by the COVID-19 pandemic began in earnest. consumers’ credit behavior, credit report, and credit history as observed in the underlying credit score data.

Credit Cards 52

Credit Cards Shutdown Consumer Risk 52

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

AUGUST 14, 2020

1, 2020 of $893.2 Retail gross margin for the 13 weeks ended August 1, 2020 improved 239 basis points of sales compared to the prior year second quarter primarily due to decreased markdowns. Consolidated gross margin for the 13 weeks ended August 1, 2020 improved 271 basis points of sales compared to the prior year second quarter.”.

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Shutdown Continuity Consumer Payments 70

PYMNTS

SEPTEMBER 23, 2020

contended with stay-at-home mandates and closures due to pandemic earlier in 2020. During the peak of the COVID-19 shutdown, the company experienced a 100 percent year-over-year increase in new and returning customers,” according to the announcement.

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Shutdown Returns Innovation Consumer 81

PYMNTS

NOVEMBER 3, 2020

The shutdowns are on in the European Union as COVID-19 cases rise and local leaders work overtime to bend back the curve because their hospital ICU beds are outstripped by the exploding number of new cases. is far from the only continental player tapping into shutdowns. In the U.K.,

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Shutdown Consumer Use Case Wires 58

The Paypers

MARCH 27, 2020

Next has closed its website as the coronavirus shutdown is expected to decrease fashion sales by approximately GBP 11 billion in 2020.

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Shutdown 28

PYMNTS

APRIL 30, 2020

TrendForce blamed the production levels on pandemic-induced disruptions across the supply chain, including plant shutdowns and material shortages. billion units in 2020, an 11.3 It forecasted total yearly production volume of 1.24 percent year-over-year decrease. In Q1, Vivo Communication Technology Co.

Product 60

Product Shutdown Volume Technology 60

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. Its stock would be listed on Tadawul, the Saudi Stock Exchange.

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Shutdown On-Demand 52

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. Car sales are down 19.8 percent, according to stats from Motor Intelligence.

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Shutdown On-Demand Research Economy 71

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.

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Economy Consumer On-Demand Shutdown 118

PYMNTS

APRIL 9, 2020

Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. percent of eligible Walmart transactions in 2020, down from 4.5

Point-of-Sale (POS) 56

Point-of-Sale (POS) Shutdown Consumer Volume 56

PYMNTS

JANUARY 8, 2021

In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel. With 2020 such a volatile year, small businesses' financials took a hard hit. Helping SMBs Help Themselves.

Finance 92

Finance Small Business Credit Union Shutdown 92

PYMNTS

MAY 5, 2020

Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The company’s increase in sales comes as shutdown orders have swept the globe. million during the first quarter of 2020. Wayfair’s total net revenue increased $385.2 million to $2.3 percent. “The

Consumer 52

Consumer Shutdown Assessments Product 52

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. 22) that small and micro-sized companies can defer loan payments beyond Q1 of next year as needed.

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Credit Limit Shutdown Credit Cards Blockchain 59

PYMNTS

MAY 5, 2020

The COVID-19 pandemic hit Disney hard for the first three months of 2020, with overall revenue down $1.4 Only the final few weeks of the quarter absorbed the worldwide shutdown of Disney’s theme parks. billion largely stemming from its ravaged theme park sector, which has been closed since mid-March. billion, up from $14.9

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Shutdown Adjustments Volume Product 65

PYMNTS

JUNE 30, 2020

The release cites the complications in the travel industry due to the COVID-19 pandemic, which has rendered much of the industry useless with shutdowns and people’s fears over potentially catching the virus.

B2B 79

B2B Payment APIs and Integration Shutdown Payments 79

PYMNTS

MARCH 25, 2020

The solution wasn’t supposed to be released until later in 2020, but due to the coronavirus pandemic necessitating speed in delivery of essential items like groceries, Bringg opted to roll it out early for free. He added that he hoped everyone could work together to help the world recover from the virus’ impact.

B2B 56

B2B Shutdown Payments 56

PYMNTS

JULY 21, 2020

Gett said its corporate service has stayed stable during pandemic shutdowns. At the time, Waiser said this would probably be the company’s last funding round, as it planned to have an IPO by the first quarter of 2020. In May 2019, Gett said it had raised $200 million , putting its valuation at $1.5

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Shutdown On-Demand 56

PYMNTS

JULY 9, 2020

As the shutdowns mandated that dine-in services end, the smaller establishments were hit harder as they lost the primary way they were used to making money. The discrepancy comes from the inherent differences in the two types of establishments. The coalition is pushing for a $120 billion bailout fund for those restaurants.

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Shutdown Push-to-Card Debit Card Innovation 63

PYMNTS

DECEMBER 30, 2020

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.

Credit Union 82

Credit Union AI Push-to-Card Shutdown 82

PYMNTS

MAY 4, 2020

Uber said the shutdowns will take place by June 4, affecting “50 full-time roles.” The discontinued and transitioned operations only represent 1 percent of Uber Eats’ “gross bookings” in the first quarter of 2020, along with 4 percent of its “adjusted core earnings losses.”.

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Shutdown Adjustments Regulations Continuity 64

PYMNTS

MAY 13, 2020

The goal was to hit that many clients by December 2020. 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. In April, the government there planned a $1.9

Shutdown 56

Shutdown Processors Credit Cards Small Business 56

PYMNTS

JUNE 29, 2020

The IRS announced as part of its People First Initiative that between April 1 and July 15, 2020, it would not start new field, office, and correspondence examinations, unless deemed necessary to protect the government’s interest in preserving the applicable statute of limitations.

Audit 69

Audit IRS Tax Refunds Returns 69

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.” .

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Shutdown Ubiquitous On-Demand Returns 52

PYMNTS

SEPTEMBER 22, 2020

22) that long-postponed Amazon Prime Day 2020 will be now be held Oct. It has waited long enough to see shipment times improve on non-essential items across most regions, but not so long that it’ll compete with its own early Black Friday 2020 deals. In addition to its desire to dominate the whole U.S. 13 through 14.

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Shutdown Economy Risk Continuity 67

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

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Innovation Shutdown On-Demand Returns 60