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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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Credit Unions, ATMs And The Great Digital Banking Shift

PYMNTS

But for credit-union servicer CO-OP Financial Services , an 18-month effort to stand up a 150,000-person call center came to fruition in mid-March, just days before shutdowns began going into effect nationwide. In some cases, we had 150 percent of the volume that we had seen daily in the days before [the pandemic].

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

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

PYMNTS

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag. Top Trackers And Reports.

Visa 60
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BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast

PYMNTS

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. and across the world, one might have expected that quarterly earnings season would be a less than sunny experience. BofA, incidentally, is not the only big bank in the U.S.

Volume 63
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Amazon Gains Ground In Holdout Markets

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But that’s changing by the day, pushed by the strict lockdowns and shutdowns of the physical commerce sphere as the pandemic hit Italy incredibly hard in early spring and held on for weeks. The degree to which consumers intend to continue shopping online seems to depend on the types of products and services they purchase.

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As Economies Slow And Global Debt Grows, Red Lights Flash

PYMNTS

The data from China is less than stellar, showing the slowest pace since about 1990 – and the lingering government shutdown in Washington, D.C. My, that dance card’s getting crowded.) (My, that dance card’s getting crowded.) is not helping matters. In a word, a four-letter one: debt. trillion in 2017.

Economy 48