PYMNTS

OCTOBER 1, 2020

Showfields was faced with either closing its operation or changing its business model to shift its business online during the statewide shutdown. Three weeks following the declared shutdown, Showfields began streaming live video shopping sessions on its new website. This all changed on March 20, when New York Gov.

Economy 60

Economy Shutdown On-Demand Product 60

PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Over the last two weeks, consumers have added 47 days to how long they think it will take for them to return to normal, and when they think the economy will truly reopen. Most aren’t in much of a rush. Healthy Or Hermits?

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

MAY 8, 2020

And the challenges — particularly the security challenges — existed both for the digitally native firms that suddenly found their services in-demand and rapidly scaling, as well as the Main Street SMBs that were forced to make the great digital leap forward. Building A Bridge To Recovery.

Economy 74

Economy Security Fraud Prevention Shutdown 74

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. 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

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

DECEMBER 14, 2020

Shipping delays are threatening the digital-first economy. And just weeks after they could open for limited business, malls and department stores are threatened with another nonessential retail shutdown as the virus surge rages on. Can revenge shopping, or pent-up demand, drive department store and luxury sales? recovery. “We

On-Demand 89

On-Demand Shutdown Consumer Economy 89

PYMNTS

APRIL 27, 2020

It’s that day that several states, and now the federal government, have set as an unofficial day to begin reopening the economy. It requires identifying the key stakeholders, understanding their interdependencies and then devising a strategy to build critical mass on all sides while aligning supply with demand.

Shutdown 77

Shutdown Economy On-Demand Consumer 77

PYMNTS

MAY 7, 2020

They’re looking for value due to the severe economic hit many have taken from the shutdown. Hanrahan concurred, noting that Handy Technologies, a digital home services marketplace that offers subscription cleaning packages among an array of on-demand services, has seen its business model shift significantly in the last several weeks.

Consumer 61

Consumer Economy On-Demand Shutdown 61

PYMNTS

SEPTEMBER 24, 2020

The economy was still booming and small businesses were doing well — so much that cash flow wasn’t a top concern, Lisa McFarland , Ingo Money ’s executive vice president and chief of product, told Karen Webster in a recent conversation. . . In fact, it can take ever longer if an invoice has to be processed. . .

Checks 105

Checks Small Business ISOs Point-of-Sale (POS) 105

PYMNTS

NOVEMBER 22, 2020

One reason for inflation as measured by the Consumer Price Index — a widely-watched measure of economic activity — is that businesses in some sectors will take time to rebuild workforces to levels sufficient to meet pre-COVID-19 demand, but eventually will be up to full capacity, the WSJ reported.

Consumer 67

Consumer Fed Shutdown On-Demand 67

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. This process has been fairly manageable when it comes to developed economies, but it can be a different story in the developing world.

Cross-Border Payments 98

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

PYMNTS

NOVEMBER 22, 2020

Now, dealers are finding that the demand keeps profits higher. Automakers have seen a surge in demand that became difficult to meet due to the shutdowns earlier in the year, resulting in a seller's market, the paper said, with car companies able to keep prices high. The change, WSJ speculated Sunday (Nov.

Posting 77

Posting Shutdown On-Demand NOV 77

PYMNTS

APRIL 17, 2020

However, there is one lesson that is already becoming clear from 2020’s black swan event, as businesses safeguard against future disasters — in our interconnected world, one cannot be prepared for the worst without taking into consideration the disruption of both supply and demand. Still, there were some factors preventing total shutdown.

On-Demand 92

On-Demand Shutdown Volume Procedures 92

PYMNTS

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’re seeing stalling demand growth at this point,” Delta CEO Ed Bastian told WSJ. economy won’t be an easy one. companies now say that’s not enough.

Federal Reserve 70

Federal Reserve Shutdown Economy On-Demand 70

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). But consumer demand and manufacturing have not improved, the AP reported.

Economy 60

Economy Shutdown Governance Government 60

PYMNTS

MAY 29, 2020

Analysts told CNBC while consumers account for more two-thirds of the economy, the recovery will depend upon whether the increase in savings stems from the shutdown or reflects a structural change in consumer habits. That speaks to a kind of demand shock.”.

Shutdown 58

Shutdown Economy On-Demand Consumer 58

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. 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

PYMNTS

APRIL 16, 2019

Chief Executive Brian Moynihan cited demand for credit from middle-market business, and noted that was “good news for the economy overall.” Chief Executive Brian Moynihan cited demand for credit from middle-market business, and noted that was “good news for the economy overall.” economy slow in the near future.

Zelle 61

Zelle Transactions P2P Mobile Banking 61

PYMNTS

APRIL 16, 2020

French president Emmanuel Macron has warned that the European Union (EU) is likely to fail in its goals as a “political project” if the group doesn’t work together in supporting economies hit particularly hard by the pandemic. He wants to see a fund that supports members based on need rather than the size of their economy.

Economy 52

Economy Shutdown Central Bank Mitigation 52

PYMNTS

MARCH 27, 2020

Factory shutdowns and stay-at-home orders have disrupted manufacturing and production, with ramifications reverberating throughout global supply chains. It’s just not about supporting cargo, it’s about driving economies.” Establishing Communication Lines. Long-Term Impacts And Some Silver Linings.

Payer 87

Payer B2B On-Demand Shutdown 87

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. Unfortunately the Access by BMW subscription program is ending on Jan. Subscription services, it seems, may not be a workable answer.

On-Demand 81

On-Demand Shutdown Consumer Finance 81

PYMNTS

SEPTEMBER 7, 2020

The difference is in the way the shutdowns earlier this year spurred demands for trucks that could withstand rougher terrains as Americans turned more to vehicles ready for road trips to get out of the house. A new vehicle, on average for August, costs around $35,420, according to research by the firm J.D. Car sales are down 19.8

Shutdown 71

Shutdown On-Demand Research Economy 71

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 Instant Payments Push-to-Card 69

PYMNTS

MARCH 30, 2020

Many are businesses that have been around for years and employ people living in the community, whose paychecks help keep those local economies strong, too. For them, it all depends on how long the current lockdown/shutdown lasts and when consumer demand will return — and at what level. A third (33 percent) aren’t sure they will.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

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. With the global economy at about $86 trillion, as estimated by the World Bank, the impact could be more than $1 trillion.

SARS 64

SARS Economy Shutdown Fed 64

PYMNTS

APRIL 27, 2020

The lockdown has created an increased demand for grocery items and other necessities while “binge buying” led to shortages caused by supply chain issues. . There are several reasons for the decline in shipping in 2019, such as the decline in factory output and less of a demand for exports. “The shipments index increased 3.8 As the U.S.

Shutdown 52

Shutdown Payments Volume On-Demand 52

PYMNTS

APRIL 7, 2020

Tel Aviv startup Bringg , which works in delivery services, has completed a Series D funding round for $30 million amid a global crisis that has seen demand for the company’s services skyrocketing, according to TechCrunch. He said his company is offering something that people and businesses need right now.

Shutdown 52

Shutdown On-Demand Returns Economy 52

PYMNTS

OCTOBER 30, 2020

The Eurozone economy came roaring back in the third quarter as lockdowns ended, though a full recovery is still some way off and a setback now looms in the fourth quarter,” Claus Vistesen, economist at Pantheon Macro, said in a research note cited by CNBC. That was faster than most economists had forecast, and a big turnaround from Q2’s 31.4

Shutdown 76

Shutdown Consumer On-Demand Adjustments 76

PYMNTS

APRIL 9, 2020

While there are almost no areas of the economy that have not been affected by the COVID-19 epidemic, few have been harder hit than the restaurant industry, which has shut down entirely nearly overnight. A mere 22 days ago, 82 percent of Americans were eating in restaurants regularly, according to PYMNTS data.

Shutdown 87

Shutdown Consumer On-Demand Economy 87

PYMNTS

JUNE 17, 2020

True, the pandemic has created a massive slowdown in the Indian economy, with a nationwide shutdown closing workplaces and hitting vast segments of the population with job losses. All in all, the data demonstrates that India was moving slowly but surely toward being less of a cash-based economy even before COVID-19.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 56

PYMNTS

APRIL 17, 2020

and around the globe) as China’s economy shrinks? As has been widely reported, it took a global pandemic to hobble a growth streak that had been the hallmark of China’s economy for decades. The world’s second-largest economy shrank 6.8 What will the ripple effects be for retailers (in the U.S. and Europe.

Economy 52

Economy Cross-Border Shutdown On-Demand 52

PYMNTS

JUNE 17, 2020

True, the pandemic has created a massive slowdown in the Indian economy, with a nationwide shutdown closing workplaces and hitting vast segments of the population with job losses. All in all, the data demonstrates that India was moving slowly but surely toward being less of a cash-based economy even before COVID-19.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

PYMNTS

JANUARY 12, 2021

30 because of the pandemic's shutdown of its voyages for almost a year now, The Wall Street Journal (WSJ) reported. Cruise ship operator Carnival is looking at a loss of $2.22 billion for the fourth quarter ending Nov. The loss is compared to the company's $423 million profit in the same quarter from a year prior, the report stated.

Shutdown 63

Shutdown NOV On-Demand Returns 63

PYMNTS

OCTOBER 20, 2020

In chronicling the digital shift since it went into high-gear last spring, PYMNTS has gathered valuable business intelligence on the demands of new digital-first consumers. That’s in stark contrast to “safety shifters” who fear COVID-19 more than any other group, who have embraced digital channels emphatically and are likely to stick.

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

JUNE 17, 2020

home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. As the nation reopens, housing is well-positioned to lead the economy forward,” said NAHB Chairman Dean Mon, a home builder and developer from Shrewsbury, N.J., For the first time since U.S.

Adjustments 56

Adjustments Shutdown Economy On-Demand 56

PYMNTS

APRIL 16, 2020

Migrating to no-touch electronic payments is imperative, and moving to an online, automated system can keep the wheels of a business – and our whole economy – turning.” Migrating to no-touch electronic payments is imperative, and moving to an online, automated system can keep the wheels of a business – and our whole economy – turning.

B2B 57

B2B Payments Automation Contactless Payments 57

PYMNTS

SEPTEMBER 17, 2020

Companies which have helped to provide a bridge to some semblance of normalcy, principally in technology, have seen increased demand for their services,” Mark Hamrick, senior economic analyst with Bankrate.com, said in a statement. For the week ending Sept. Department of Labor (DOL) reported on Thursday (Sept.

Shutdown 56

Shutdown Adjustments On-Demand Governance 56