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JULY 1, 2020

Grappling with such increased demand with fewer resources might make it challenging for banks to satisfy at least some regulatory requirements, such as data privacy. Conference of Mayors and the National Association of Governors that local shutdown orders “potentially threaten the stability and orderly functioning of the financial system.”.

OCC 66

OCC Compliance Risk Office of the Comptroller of the Currency 66

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DECEMBER 24, 2020

From a strictly retail perspective, however, the digital shift produced three major trends, presented here with quotes from executives that appeared on our pages: direct-to-consumer sales, the continued decline of malls and department stores and the accelerated growth of Amazon, Target and Walmart. The numbers speak for themselves.

Economy 118

Economy Consumer On-Demand Shutdown 118

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SEPTEMBER 7, 2020

eCommerce spiked because consumers demanded it and drove it. One was driven by demand; the other was driven by necessity. In this group are the consumer packaged goods (CPG) companies and other big brands that have continued a trend that started pre-pandemic. There are two kinds of DTC brands that have arisen.

On-Demand 100

On-Demand Shutdown Consumer Gateways 100

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MARCH 19, 2020

Slowing demand, brought on by the need for Americans to practice social distancing, is going to very likely immediately hurt those who work in at the nation’s hotels, restaurants, and bars,” said Andrew Challenger, senior VP of Challenger, Gray & Christmas. We are certainly beginning to see the cracks in the foundation.

Shutdown 52

Shutdown Treasury On-Demand Returns 52

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JULY 8, 2020

Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year. The most pressing, of course, is how long the COVID-19 pandemic will continue to impact our everyday life. Long commutes and extensive travel demands will similarly be tough to swallow.

Shutdown 64

Shutdown On-Demand Returns B2B 64

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AUGUST 31, 2020

The government agency said shutdowns imposed to prevent the spread of the coronavirus since late March caused the decline, the worst it has been in two dozen years. But consumer demand and manufacturing have not improved, the AP reported. But consumer demand and manufacturing have not improved, the AP reported.

Economy 60

Economy Shutdown Governance Government 60

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JULY 19, 2020

As the virus has reemerged leading to business shutdowns for a second time, furloughs are becoming permanent, and production has been put off. We cannot defy gravity and continue with the business model we had before the pandemic,” Pret A Manger CEO Pano Christou told the newspaper. “We companies now say that’s not enough.

Federal Reserve 70

Federal Reserve Shutdown Economy On-Demand 70

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NOVEMBER 2, 2020

Interestingly, the World Bank cited the pandemic and related shutdown as the main cause of the trend, pointing to lower wages and lost jobs as a key factor. But it will continue to progress.". It wasn't a prediction that Western Union took to heart, however. "We A Short-Term Remittance Boom.

B2B 96

B2B Non-Bank On-Demand Volume 96

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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. Take a look (and have a listen) at our 10 favorite podcasts from 2020. How ‘Contact Us’ And The Kardashians Ignited Afterpay In The US.

Innovation 115

Innovation Payments Shutdown On-Demand 115

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NOVEMBER 24, 2020

Though the meal kit delivery firm has seen its sales pick up during the pandemic, it has struggled to keep up with consumer demand, generating many complaints of undelivered meals throughout the year. Blue Apron has also had trouble meeting labor demands, according to reports. Freshly currently ships more than a million meals per week.

Economy 85

Economy On-Demand Shutdown Consumer 85

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JUNE 19, 2020

American consumers will be spending more time at home this summer as they continue to social distance amid the COVID-19 pandemic, and they are thus examining ways to spruce up their surroundings with home improvements and backyard landscaping projects. Demand Rises For Furniture, Garden Supplies . Department of Commerce announced.

Consumer 60

Consumer BNPL On-Demand Shutdown 60

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JULY 13, 2020

Today, while shutdowns have led many businesses to temporarily halt non-essential spending, many in the market actually expect the expansion of the freelancing community to accelerate as a result of market volatility. Before the pandemic hit, the global freelancing economy was expected to experience significant proliferation.

Economy 109

Economy Value Added Service Payments On-Demand 109

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OCTOBER 22, 2020

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.”. GE’s treasury department experienced this firsthand in the early days of the pandemic, when China imposed a full shutdown on businesses.

Cross-Border Payments 98

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

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DECEMBER 28, 2020

Digital experiences have become table stakes as the pandemic continues, but many customers still prefer in-branch experiences. declined by 7 percent over the past five years, for example, and some credit unions are also reportedly considering more physical branch shutdowns as their members move online. About The Tracker.

ATM 73

ATM Credit Union Shutdown On-Demand 73

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DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Commercial Card 81

Commercial Card B2B Visa Issuers 81

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OCTOBER 30, 2020

percent in September, continuing a trend that began in the summer of Americans slowly spending more money. percent Q3 growth rate is an annualized number that assumes expansion will continue from one quarter to another for a full year. and European gross domestic product are bouncing back, while U.S. 30) that U.S. That beat the 9.4

Shutdown 76

Shutdown Consumer On-Demand Adjustments 76

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APRIL 16, 2020

Black swan events, while unexpected and challenging, open the door to the implementation of adaptive processes to meet the demands of the new environment and the underlying infrastructure, supporting the “ new normal ” that is created as a result. The coronavirus pandemic will be no different. In business, payments are mission-critical.

B2B 57

B2B Payments Automation Contactless Payments 57

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APRIL 16, 2020

Given the full-scale shutdown in the U.S. Deferral requests, however, seem to have peaked about a week ago, though the bank is continuing to monitor the situation. Though Q1 2020 had been forecast to produce continued and perhaps even strengthened spending activity, the coronavirus quickly reversed that course. “We

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

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DECEMBER 28, 2018

Stuff did well but so did experiences,” he said, underscoring the optimistic view that consumers in general have right now — a view that continues to hold even as tariffs threaten retail supply chains and prices, and the government shutdown and other political issues threaten to put a damper on purchasing power and consumer confidence.

Visa 62

Visa Consumer On-Demand Shutdown 62

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APRIL 17, 2020

There’s a push and pull here, as China’s shutdown fostered economic headwinds across the world. A month’s worth of pent-up demand helps, but is not representative of a trend. That decline might have been a foregone conclusion, as China shuttered supply chains , manufacturing plants, offices, restaurants and retailers. and Europe.

Economy 52

Economy Cross-Border Shutdown On-Demand 52

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APRIL 9, 2020

Zoku Sushi CEO Charlie Yi explained to Karen Webster in a digital roundtable discussion that his business was already delivery-only, so the shutdown of eat-in dining hasn’t been an issue for him. And so restaurants big and small are rolling out a host of new ideas and add-ons to supplement their incredibly sluggish core business.

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Shutdown Consumer On-Demand Economy 87

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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

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NOVEMBER 19, 2020

Players like Ahold-Delhaize are looking to raise the level of their competitive game by acquisition, up-and-comers like Farmstead are growing by investment and the pool of digital shoppers is becoming wider and more inclusive as digital SNAP continues to expand. Ahold’s FreshDirect Pickup . Another Round of Toilet Paper Hoarding .

On-Demand 57

On-Demand Shutdown Consumer Underserved 57

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AUGUST 6, 2020

recovery shifts into rockier territory amid an uptick in infections that has some regions shifting back toward shutdowns. But will they continue to surge? It’s been another busy week in the world of payments and commerce as the U.S. Here’s what he and Webster foresee. Disney’s Five Years Of Streaming Progress In Nine Months.

Finance 60

Finance Online and Mobile Banking Payments Credit Union 60

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AUGUST 20, 2020

With demand for our drive-thru at an all-time high, we know adapting to meet our consumers rapidly changing needs has never been more important,” Grams said in the firm’s announcement of the new Taco Bell Go Mobile design. As the pandemic continues in the U.S., Taco Bell reported drive-thru usage surged up by 4.8

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Shutdown On-Demand Consumer Transactions 52

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JUNE 19, 2018

Rent-A-Center ‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership. percent between 2013 and 2018, according to research from IBIS World.

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Shutdown On-Demand Consumer Agreements 41

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APRIL 27, 2020

There was, of course, a rocky start that found big banks and other lenders less-than-ready to meet the demand deluge. There was confusion about just what the lending program demanded, in terms of documentation, or how the funds should or could be used. Web sites crashed, hobbling the application process. Another 16.5 percent of SMBs).

On-Demand 67

On-Demand Small Business Shutdown Payroll 67

PYMNTS

NOVEMBER 24, 2017

Barrowman said that this helps merchants avoid one of the holiday season’s worst-case scenarios: the total shutdown due to overwhelming demand. If, at the peak of demand, systems shut down, it not only hurts sales, but also generates negative press – a brand’s worst nightmare. This weekend can be tough on consumers.

On-Demand 51

On-Demand Consumer Shutdown Product 51

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JULY 2, 2020

Even before any official shutdowns, 43.8 Even as predictions about the length of the pandemic continued to stretch in May, consumers also began to think about the outside world and the activities they’d most missed during the lockdown,” the reporting states. Similarly, 49.4

Returns 52

Returns Consumer Research Shutdown 52

PYMNTS

FEBRUARY 12, 2020

While the virus keeps Chinese consumers homebound (as stores, schools, businesses and public gathering places like movie theaters have been closed), ordering food in and ridesharing have become increasingly challenging — as various app-based, on-demand services have temporarily shuttered operations as well. 24 through Feb.

Economy 57

Economy Small Business On-Demand Shutdown 57

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JANUARY 24, 2019

Things like large-scale government shutdowns , for example, tend to leave people looking for ways to earn income in the short term, which makes them primed to learn all about the gig economy. Some of it, he noted, will be a matter of circumstances. That, he said, is changing. Gig workers, he noted, don’t want to wait for their funds.

Payments 69

Payments Economy Instant Payments Push-to-Card 69

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APRIL 1, 2020

They can’t change the crisis, the closures or the course this is going to take, but they can and have shifted their operations and will likely continue doing so long after this pandemic has passed. We also heard it from those who are trying to do what they can in these most unprecedented times. When The Only Consistency Is Inconsistency.

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Shutdown Consumer On-Demand Mitigation 68

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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. It is not quite the case that this has broken down into a “winners” and “losers” situation — as there have assuredly been no winners.

Economy 75

Economy PayPal Payments Push-to-Card 75

PYMNTS

NOVEMBER 3, 2017

Since it appears the Frightful Five will continue being frightful for quite some time, let’s take a look at what they’ve been up to this week — just in case you missed it. Demand for the iPhone X, which became available for pre-order last Friday, has been so high that shipment dates were pushed back to December. Paging Dr. Bezos!

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On-Demand Shutdown Caps Database 40

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MAY 4, 2020

A decision to reopen, even partially, must weigh the economic impact of keeping the economy locked down against the availability and effectiveness of treatments that will mitigate or eliminate the risk of another serious outbreak, as well as illness and deaths, within months of reopening – and the potential for another shutdown.

Economy 83

Economy Consumer Risk Returns 83

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DECEMBER 16, 2020

The mom-and-pop shops, independent proprietorships and independently owned restaurants, cafes and coffee shops that line Main Streets all over America have found themselves pushed to the brink – and are nervous about the prospect of their continued survival. But zooming in front of that result are some important nuances.

On-Demand 112

On-Demand Shutdown Returns Economy 112

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JUNE 14, 2019

Moreover, as Amazon is continually increasing its investment in delivery logistics, they are appearing as more a competitor on the horizon than a collaborator. shutdown was preceded by the program’s closure in London in November 2018. That is the first time the company has publicly disclosed that metric. market share.

Push-to-Card 40

Push-to-Card Online and Mobile Banking Accounts On-Demand 40