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

PYMNTS

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. Adjusted earnings per share came in at $1.07 The new use cases we are seeing are so interesting,” Schulman said. billion ($1.29

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COVID-19 Has Devastated SMBs, But It Might Make Their Insurance Policies Better

PYMNTS

It’s still too early to tell exactly how the current crisis will affect the small- to medium-sized business (SMB) insurance space long-term, particularly as the market expects several iterations of shutdowns and reopenings ahead. What has changed, however, is how they want to buy products and receive claims payouts.

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Banks Help Gov’t Employees Impacted By Shutdown

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With the government shutdown continuing, banks in the U.S. According to a report in The Financial Times citing JPMorgan Chase , the bank has waived all fees on checking accounts, including overdraft charges, for customers who no longer receive a government check directly deposited into their account with the bank.