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JPMC Halts Non-PPP SMB Loans

PYMNTS

Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase , which has decided to focus solely on that program due to a huge amount of requests over the past few days, according to the Financial Times. The bank, which is the largest in the U.S.,

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Mastercard's Virtual Mobile Cards, Ghost Kitchens, Geolocation Data Top This Week's News

PYMNTS

UPS Caps Deliveries From Gap, Nike, Other Big Retailers. Dining in went out when shutdowns came, and consumers continue to turn to online ordering channels despite restaurant reopenings, turning ghost kitchens from merely a potential dining segment disruptor to a booming opportunity for restaurants to keep up with the digital shift.

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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

For them, it all depends on how long the current lockdown/shutdown lasts and when consumer demand will return — and at what level. At that point in time, only 20 percent of SMBs we talked to that asked the government (at any level) for assistance received any, and only 17 percent that asked their banks for more funding had gotten it.

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Main Street SMBs Wax Optimistic On Surviving The COVID-19 Age

PYMNTS

As a result of that passion, there is an added surge of optimism when small businesses see green shoots of recovery, spurred in part by government aid programs and at least some hints that business restrictions are likely to be lifted. Those green shoots are just emerging.

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The Frightful Five: Monster Valuation

PYMNTS

Individually, each company has a market cap greater than half a trillion dollars. To Karen Webster, that begged the question: Is Facebook too big to govern ? The shutdown will take place on April 10, 2018. trillion: a full trillion more than the companies were collectively worth just two years ago.

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

identity records, including those of politicians and government officials, leak across the internet. Its market cap seemed unaffected until July 2018, when Facebook lost around 20% of its value in one day off of news of slowing user growth. is a Boston-based startup that verifies government-issued IDs for third-party businesses.

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Talks Over Termination Fee May Threaten Grubhub-Uber Deal

PYMNTS

As a result, some local government have looked at instituting caps on the fees allowed, at least until pandemic shutdowns are eased. COVID-19 shutdowns have increased the demand for meal delivery, with many restaurants otherwise shuttered around the country. However, coronavirus shutdowns have damaged the economy.