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

Federal Reserve 119

Federal Reserve Fed Credit Union Service Organization Credit Union 119

PYMNTS

JULY 18, 2020

It’s been 129 days since the NBA officially announced its shutdown and played its last regular-season game of 2020. And for those players, it really will be a small world after all – as players, coaches, team staff and anyone actively participating in the remainder of the 2020 season will be quarantined together.

Shutdown 77

Shutdown Ubiquitous On-Demand Caps 77

PYMNTS

JUNE 25, 2020

In fact, for some people, the pandemic’s shutdown of the economy and normal life for several months provided time to breathe, with less stress from transportation or having to leave the house for work. That decline was matched by Gen Z respondents. But finances are a particular point of concern for both generations.

Shutdown 67

Shutdown Economy Finance Consumer 67

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) Settlement Small Business 72

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

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

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

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 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.

Shutdown 43

Shutdown Central Bank Privacy Consulting 43

PYMNTS

OCTOBER 5, 2020

Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S. But since the great spring shutdown, many people have begun making forays into using the QR codes. merchants and shoppers fully embrace those ubiquitous square squiggly merchant codes.

Contactless Payments 144

Contactless Payments Consumer PayPal Payments 144

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

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.

Shutdown 81

Shutdown Returns Innovation Consumer 81

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

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

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

Shutdown 56

Shutdown Economy Consumer 56

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.”.

Shutdown 70

Shutdown Continuity Consumer Payments 70

PYMNTS

JULY 2, 2020

If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. in general and Southern states in particular unable to control the spread of COVID-19 at this point, the scenario of yet another retail shutdown looms. s John Lewis – and, in the U.S.,

Shutdown 98

Shutdown Returns Caps Advisors 98

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

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

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.”.

Shutdown 53

Shutdown Transactions Authentication Continuity 53

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.

Shutdown 71

Shutdown On-Demand Research Economy 71

PYMNTS

OCTOBER 20, 2020

Business roadmaps predating 2020 aren’t much use these days, however, as COVID has altered the terrain. Very recently, the fourth annual How We Will Pay 2020 study, done by PYMNTS in collaboration with Visa (more from that in a minute) gave new context to the shifters. At least in 2020, we know where people are shopping.

Consumer 88

Consumer Shutdown Returns Economy 88

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

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

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. Last year, DTC online sales reached an impressive $14.28

On-Demand 100

On-Demand Shutdown Consumer Gateways 100

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

Shutdown 65

Shutdown Adjustments Volume Product 65

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.,

Shutdown 58

Shutdown Consumer Use Case Wires 58

PYMNTS

DECEMBER 14, 2020

There are less than two weeks until Christmas, and the retail industry, as per usual in 2020, finds itself in uncharted territory. And just weeks after they could open for limited business, malls and department stores are threatened with another nonessential retail shutdown as the virus surge rages on. Fragrance is booming.

On-Demand 89

On-Demand Shutdown Consumer Economy 89

PYMNTS

OCTOBER 16, 2020

The latest in the series, Pandenomics: Main Street’s Six-Month Checkpoint , found that for small and medium-sized businesses (SMBs), “Another shutdown could bring them to the brink of closure. The very air abounds in examples these days, few better than Shopify. million, a 97 percent increase from 2019.

Consumer 84

Consumer Shutdown Volume Product 84

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

DECEMBER 31, 2020

Take a look (and have a listen) at our 10 favorite podcasts from 2020. Is 2020 Healthcare’s Year To #KillTheCheck? While other organizations struggled with shutdowns and work-from-home mandates, many healthcare providers had their hands full saving lives on the front lines and were unable to take on other projects.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

DECEMBER 24, 2020

On the whole, Karen Webster noted on New Years Day, 2020, making predictions at this time of year is irresistible, risky business. But no one was predicting a global pandemic that would shutdown the travel industry, events and physical retail. Which may explain why many predictions are wishy-washy or soon proved wrong,” she noted.

Economy 82

Economy Consumer Shutdown Transactions 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.”.

Shutdown 64

Shutdown Adjustments Regulations Continuity 64

PYMNTS

JULY 29, 2020

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. The company was also unusual this earnings season in that it offered predictions for the rest of 2020.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

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

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.

Shutdown 63

Shutdown Push-to-Card Debit Card Innovation 63

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.

Shutdown 67

Shutdown Economy Risk Continuity 67