PYMNTS

OCTOBER 28, 2020

The sudden spike and the possibility of hospitals being overwhelmed means Swiss officials will soon announce new national measures to curb the infection, and they’re under extreme pressure from doctors to impose a strict national shutdown. European shutdown measures have led to protests and even small riots in Italy.

Economy 71

Economy Shutdown Returns Government 71

PYMNTS

NOVEMBER 30, 2020

Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. We continue to support aggressive steps to protect the nation’s public health.

Shutdown 112

Shutdown NOV Adjustments Rules 112

PYMNTS

JULY 30, 2020

economy contracted by almost a third (32.9 economy shrank 5 percent in Q1.). i.e., how much the economy would shrink if conditions observed during Q2 carried on for a year. Let’s check it out: Shutdowns Beget Mass Unemployment . economy added a record 4.8 percent) during the second quarter. percent as the U.S.

Economy 114

Economy Federal Reserve Government Governance 114

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. The trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If Moving into the Digital Age .

Interoperability 126

Interoperability Digital Currency Cross-Border Regulations 126

PYMNTS

JULY 15, 2020

will likely dampen the economy as well, Reuters reported. Brainard said the economy’s apparent well-being in June was mostly artificial, stemming from the efforts from the government such as the CARES Act to keep the economy afloat during the lockdown period. Harker said the impact could be twofold in its damage.

Federal Reserve 73

Federal Reserve Shutdown Economy Fed 73

PYMNTS

DECEMBER 27, 2018

27) that the economy on a global basis is headed for a slowdown next year. Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown in 2019. economy still showing signs of strength.

Central Bank 76

Central Bank Small Business Shutdown Economy 76

PYMNTS

AUGUST 4, 2020

What Visa witnessed worldwide within the pandemic’s first 60 days of shutdown was SMBs embracing new channels during “that really critical time,” he said. But Phalen said that what is surprising is how good SMB owners worldwide are feeling as they come out of mandated shutdowns and more or less get back to business.

Small Business 126

Small Business Shutdown Point-of-Sale (POS) Contactless Payments 126

PYMNTS

MAY 8, 2020

For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. This is what was going before the pandemic, and we think that acceleration is going to continue far past it,” Benson said.

Economy 75

Economy PayPal Payments Push-to-Card 75

PYMNTS

JUNE 29, 2020

As COVID-19 forced the shutdown of the nation’s economy, the share of the population employed fell from a high of 61 percent at the start of the year. The massive job losses mean the economy isn’t out of the woods yet.”. economic recovery continues, according to DOL. The post-war record came in 2000 at 65 percent.

Shutdown 92

Shutdown Economy Payroll Continuity 92

PYMNTS

FEBRUARY 12, 2020

The annual event generally brings 100,000 visitors to Barcelona, and its sudden cancellation will reportedly cost the Spanish economy roughly $500 million. MWC is the latest bite that COVID-19 has taken out of the global economy, but it isn’t the first and, more likely than not, will not be the last. 24 through Feb.

Economy 57

Economy Small Business On-Demand Shutdown 57

PYMNTS

APRIL 15, 2020

According to Gallagher, the Coronavirus Aid, Relief and Economic Security (CARES) Act, passed for $2 trillion in aid to various parts of the economy, didn’t impose any restrictions on how banks could act in processing the loans, and Congress didn’t rule that businesses could bring civil suits against lenders over those processes.

Shutdown 89

Shutdown Rules Process Economy 89

PYMNTS

JUNE 19, 2020

Finance reported. “Many small businesses will continue to struggle in the weeks and months to come,” Senator Ben Cardin (D-Maryland) told Yahoo. Congress must once again act urgently to support our most vulnerable small businesses through this crisis, so our economy can recover as quickly as possible after the pandemic.”.

Small Business 91

Small Business Shutdown Underserved Treasury 91

PYMNTS

JANUARY 23, 2019

The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit , and fanned by a consistently slowing Chinese economy. The IMF has pointed toward the struggles of emerging economies that borrowed when rates were low, right off the Great Recession.

Economy 48

Economy Push-to-Card Shutdown Government 48

PYMNTS

NOVEMBER 3, 2020

But, as Jhina told PYMNTS in a recent interview, success not only means moving the needle in B2B eCommerce adoption, but also in digitizing India's largely-cash economy. While India is one of the world's largest economies, many industries in the country continue to rely on legacy infrastructure to operate.

B2C 84

B2C B2B Payments Economy 84

PYMNTS

NOVEMBER 20, 2019

In today’s digital economy, clients must scale quickly into new markets to remain competitive,” said Citi Global Head, Payments and Receivables Manish Kohli in a statement. “At government shutdown as a key factor behind a corporate banking slowdown. The Financial Times reported in May that Citi had pointed to the U.S.

Cross-Border 83

Cross-Border Accounts Multi-Currency Reconciliation 83

PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

Economy Returns Shutdown Small Business 69

PYMNTS

AUGUST 17, 2020

Uber says it will continue operating food delivery business Uber Eats in California even if its main ridesharing business is forced to shut down on Friday (Aug. The pandemic has seen more widespread use of Uber Eats, as people have had to stay inside due to shutdown orders and the general fear of contracting the coronavirus.

Shutdown 67

Shutdown Economy Laws Addressing 67

PYMNTS

AUGUST 16, 2020

million in a funding round, which it intends to go toward continuing the company’s work in automating processes and boosting cash management, according to a press release. Cash flow is even more critical now, as the pandemic and shutdowns have disrupted supply chains worldwide.

Finance 79

Finance B2B Shutdown Automation 79

PYMNTS

JUNE 29, 2020

As COVID-19 forced the shutdown of the nation’s economy, the share of the population employed fell from a high of 61 percent at the start of the year. The massive job losses mean the economy isn’t out of the woods yet.”. economic recovery continues, according to DOL. The post-war record came in 2000 at 65 percent.

Shutdown 73

Shutdown Economy Payroll Continuity 73

PYMNTS

NOVEMBER 1, 2020

Apple Chief Financial Officer Luca Maestri said the reason was “the continued uncertainty around the world in the near term.”. Germany and France have enacted significant shutdowns expected to last about a month. data released Friday indicated the economy recovered more strongly than many experts had predicted. In the U.S.,

Shutdown 67

Shutdown NOV Economy Rules 67

PYMNTS

AUGUST 31, 2020

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according to a press release from the Ministry of Statistics & Programme Implementation (MOSPI). In May, India announced a $266 billion stimulus package to help taxpayers and businesses.

Economy 60

Economy Shutdown Government Governance 60

PYMNTS

JULY 2, 2020

economy added a record 4.8 These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus pandemic and efforts to contain it,” the Bureau of Labor Statistics said in releasing the numbers. economy to add 2.9 economy to add 2.9

Economy 56

Economy Shutdown Continuity Posting 56

PYMNTS

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds.

Shutdown 46

Shutdown Economy Consumer Government 46

PYMNTS

OCTOBER 22, 2020

The 142-year-old company touches nearly every aspect of today’s economy, from healthcare and aviation to energy production and finance. There's always a continuous assessment regarding your top line [as a company], but you also have to think about the bottom line, and cost efficiency becomes a huge metric in that space.”.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Real Time Payments Treasury 98

PYMNTS

JUNE 26, 2020

With the new venture, the money will go toward hopefully offsetting some of the financial damage incurred by firms after the shutdowns imposed by most governments, intent on slowing the spread of the highly infectious virus. As in the U.S. But Cuaca preferred an optimistic outlook. “It

Shutdown 56

Shutdown Economy Government Governance 56

PYMNTS

AUGUST 7, 2020

“We believe the long-term outlook continues to favor our strategic footprint and asset mix,” said CEO Steven Grimes. So that continues to be the large majority of the population. Company executives warned about the effect of potential secondary shutdowns, especially in states where the virus is seeing a resurgence.

Shutdown 73

Shutdown Continuity Authorization Economy 73

PYMNTS

SEPTEMBER 12, 2019

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018.

Shutdown 54

Shutdown Economy Continuity Government 54

PYMNTS

JANUARY 23, 2019

With the partial shutdown in the Federal government now in its 33rd day, furloughed workers are freelancing with Uber, the ride-hailing company, to shore up cash. With about 800,000 government workers about to miss their second paycheck since the shutdown began, struggling workers are turning to different services to survive.

Governance 46

Governance Government Shutdown Continuity 46

PYMNTS

NOVEMBER 22, 2020

22), could continue even beyond the pandemic, potentially ending an old American standard of dealers with rows upon rows of cars on display outside that customers could walk in and drive off the lot the same day. The change, WSJ speculated Sunday (Nov. In Europe, by contrast, the practice of preordering cars weeks in advance is more common.

Posting 77

Posting Shutdown On-Demand NOV 77

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. Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

OCTOBER 16, 2020

For the moment, merchants and brands have been forced accelerate digital upgrade plans literally by years in a matter of months, as ongoing PYMNTS research on the coronavirus pandemic’s effects continue to find consumer fear of contagion in physical settings like stores. The very air abounds in examples these days, few better than Shopify.

Consumer 84

Consumer Shutdown Product Volume 84

PYMNTS

DECEMBER 31, 2020

With unemployment soaring and the economy in a free fall, Gerber noted the inevitable reality that companies would be inundated with disputes, cancellations and demands for refunds from consumers. If you move to effectively same-day pay or continuous pay, it is the right thing to do by your employees. Just a few weeks after the U.S.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

MARCH 17, 2020

The coronavirus continues to have reverberations across the global stage, and is especially impacting developed economies, and in particular, the small businesses that are a key foundation of those economies. To get a sense of how smaller firms are being impacted, in a situation that is fluid on a day to day (hour by hour?)

SARS 64

SARS Economy Shutdown Fed 64

PYMNTS

JANUARY 24, 2019

When looking at the latest edition of the PYMNTS and Hyperwallet Gig Economy Index , there are some familiar trends. percent of workers participate in the gig economy, and about two-thirds source their gigs via digital marketplaces. To say payments are a key competence point for marketplaces in the gig economy is a huge understatement.

Payments 69

Payments Economy Push-to-Card Instant Payments 69

PYMNTS

MAY 18, 2020

In New York City, Broadway’s shutdown portends a series of ripple effects, all of them massive headwinds for travel and tourism — specifically hotels, restaurants and airlines. Thomas Schumacher, president and producer of Disney Theatrical Productions, blamed the closing on the “industrywide shutdown and resulting economic fallout.”.

Shutdown 57

Shutdown Returns Product Economy 57

PYMNTS

JANUARY 17, 2021

It was supposed to be a compelling option for consumers in the connected economy, but the subscription model for automobiles is hitting some speed bumps as BMW and Audi are pulling back on their programs. To that point Volvo continues to be aggressive on its Care by Volvo subscription program. Prices start at $650 per month. “For

On-Demand 81

On-Demand Shutdown Consumer Finance 81

PYMNTS

NOVEMBER 29, 2020

Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. We continue to support aggressive steps to protect the nation’s public health.

Shutdown 53

Shutdown NOV Adjustments Rules 53