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

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.

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

SEPTEMBER 21, 2020

And nearly a quarter of SMBs (24 percent) report their financial situation has improved since COVID-19’s dark early days when widespread shutdowns were taking effect. economy hit another round of shutdowns as summer gives way to fall and colder temperatures sweep the country. But the good news comes with a few caveats.

Consumer 111

Consumer Shutdown Risk Economy 111

PYMNTS

MAY 8, 2020

In what could be a potentially good sign for the economy, the number of employees who saw themselves as temporarily furloughed was 18 million, up from just two million in March. Those workers said they expect to return to work by October. Michelle Meyer, Bank of America’s head of U.S.

Shutdown 60

Shutdown Economy Returns Governance 60

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. At stake are the early returns on some issues that will determine the nature of consumer behavior and spending patterns, which are the lifeblood of retail for any season.

Shutdown 77

Shutdown Economy On-Demand Consumer 77

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). He said economic growth would not return to pre-pandemic levels anytime soon.

Economy 60

Economy Shutdown Governance Government 60

PYMNTS

OCTOBER 19, 2020

Canada’s economy has rebounded from the depths of the coronavirus-triggered downturn over the summer but still remains stuck in negative territory, a new Bank of Canada survey finds. Overall, Canada’s business community is divided in its outlook where the nation’s economy is headed over the coming months as the coronavirus crisis drags on.

Shutdown 56

Shutdown On-Demand Economy Returns 56

PYMNTS

MAY 18, 2020

Summer looms, and for those who had hoped for some return to normalcy — baseball games, movies, trips to New York City to see well, anything — those hopes appear dashed to a large measure. animated film, won’t return even after Broadway reopens at some point in the future. million people, grossing $1.8 billion.

Shutdown 57

Shutdown Returns Product Economy 57

PYMNTS

APRIL 7, 2020

Bringg’s recent round was led by Viola Growth, with previous investors Next47, Salesforce, OG Tech Ventures and GLP returning also contributing. CEO Guy Bloch noted the accomplishment of closing a round through the coronavirus pandemic-induced market shutdown and financial turmoil. The total raised is now $83 million.

Shutdown 52

Shutdown On-Demand Returns Economy 52

PYMNTS

MAY 28, 2020

Las Vegas is betting that, with social-distancing restrictions in place, customers will return to its famed casinos. The stakes are high for Vegas, whose economy is geared to the leisure and hospitality industry — tourism, shows, restaurants, hotels and the like. “We Those have to be licensed by the states.

Shutdown 52

Shutdown Economy Returns Risk 52

PYMNTS

MAY 7, 2020

Peter Bach, director of the Center for Health Policy and Outcomes, told the network the return of big events is not a priority. Having gone to those events, I don’t know you’d keep people from exposing the virus to one another, and I don’t know how you could contact-trace there without a lot of intrusion,” Bach told the news service.

Ubiquitous 52

Ubiquitous Shutdown On-Demand Returns 52

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

APRIL 13, 2020

small- and medium-sized businesses that we surveyed either don’t think they’ll survive coronavirus-related shutdowns or aren’t sure whether they will or not. But Cooperman said bailouts would avoid a surge in unemployment, and lawmakers will get a return on their investment. “To Palihapitiya said the U.S.

Advisors 60

Advisors Shutdown Government Governance 60

PYMNTS

MAY 10, 2020

Plans across the world to reopen economies and re-enter public life are being thwarted by new flare-ups of the coronavirus. And in Germany, Chancellor Angela Merkel moved to reopen much of the economy, but that came with a rise in the reproduction rate – the number of people who each infected person then also infects.

Economy 73

Economy Returns Shutdown 73

PYMNTS

MAY 28, 2020

Of all the verticals hit hard by the global pandemic, hotels have seen their business slowed to a near stop as shutdowns and social-distancing rules bring travel of all kinds to a near halt. The AHLA’s Rogers expects to see travelers continue to return to hotels, although not back at 2019 levels. With the U.S.

Procedures 52

Procedures Shutdown CHIPS Economy 52

PYMNTS

JUNE 24, 2020

The United States economy is steadily reemerging from the COVID-19 pandemic-induced shutdown. Hotels, restaurants and resorts depend on their ability to make guests feel safe and comfortable — and doing so will be especially important if they hope to coax a jittery public to return as the pandemic eases.

Payroll 94

Payroll Checks IRS Shutdown 94

PYMNTS

APRIL 23, 2020

On average, consumers believe that the pandemic will last for 178 days until October, and that’s up from 138 days as reported in the survey conducted on March 17 as shutdowns were just starting to take hold. percent of consumers would need that to be developed before returning to normal activity, up from 39.7 The survey showed that 48.8

Consumer 61

Consumer Returns Shutdown Government 61

PYMNTS

OCTOBER 20, 2020

Analyzing its findings, PYMNTS CEO Karen Webster wrote this week that, “[Long] after much of the physical economy [has] reopened, we now see a consumer who isn’t simply using apps and connected devices to save time or make the commerce experience safer by using touchless, digital channels. Connected Commerce Calling The Shots.

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

JULY 2, 2020

Even before any official shutdowns, 43.8 In the following weeks, Americans witnessed a blazing-hot economy reduced to a bed of coals astoundingly quickly. economy, typified by the looming failure of millions of Main Street small businesses. “By Similarly, 49.4 Dining habits also shifted, with 35.3 By mid-April, the U.S.

Returns 52

Returns Consumer Research Shutdown 52

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

JUNE 12, 2020

At the same time, the National Hockey League (NHL) is still committed to returning to play , but its plan for a complete opening is still fluid. eCommerce Helps Women Hard Hit By India’s Shutdowns. Efforts to tap into the expanding online economy of India to help women in the country are underway.

Push-to-Card 52

Push-to-Card Shutdown EMV Issuers 52

PYMNTS

MARCH 12, 2020

There seem to be countless sources of collateral damage associated with the unexpected appearance of COVID-19 in early 2020 – the shutdown of production in China, the ripples through the global supply chain, the virtual zeroing out of the travel and events vertical and the carnage on Wall Street.

Innovation 113

Innovation Cross-Border Shutdown Economy 113

PYMNTS

JUNE 5, 2020

The restaurant industry is in a state of massive flux, with almost all on-site dining switched to carry-out as shutdowns in most U.S. Restaurants that didn’t offer takeout or delivery before the pandemic began faced an unbelievably high wall when the shutdown started, as offering those services was the only way to stay in business.

Shutdown 61

Shutdown Contactless Payments Consumer Checks 61

PYMNTS

JUNE 8, 2020

But finally, pro sports look set for a return. That’s good news, because of all of the things people have missed during the shutdown, many sports fans have suffered especially acutely. The National Hockey League (NHL) is committed to returning to play, but its plan for full reopening remains fluid. The NHL’s Phased Reopening.

Returns 53

Returns Agreements Shutdown Compromise 53

PYMNTS

JULY 9, 2020

Monastero said that the additional steps beyond the basic health and safety efforts at individual restaurants have been necessary to help revive an industry that, in Texas alone, has seen 700,000 employees (about half the roster, statewide) thrown out of work at the height of the shutdown.

Shutdown 84

Shutdown AI Assessments Returns 84

PYMNTS

MAY 25, 2020

If Amazon sees any M&A deals this year, it will likely be on the infrastructure side: shipping, return platforms and payment mechanisms. The stark fact is that retailers that can stay in business through what is basically a 90-day shutdown have access to a line of credit or receive substantial eCommerce business.

Shutdown 64

Shutdown Returns On-Demand Governance 64

PYMNTS

JUNE 25, 2020

Few sectors of the economy have been harder hit during the pandemic than the hospitality industry. Most of the company’s facilities have reopened, which is good news for property owners and the thousands of Westgate workers who were furloughed during the shutdown. Things are steadily changing, however. Reopening to a New Reality.

Checks 57

Checks Payments Payroll Faster Payments 57

PYMNTS

OCTOBER 19, 2020

More consumers mean more sales – and more sales means growth, expansion, jobs and prosperity for the business, its workforce and the local economy in which it operates. But in a vibrant economy, “for rent” signs are temporary, as new establishments with new products and new experiences quickly take over the spaces that others have abandoned.

Blocks 79

Blocks Consumer Returns Small Business 79

PYMNTS

MAY 14, 2020

Goldman is still optimistic about the rebound, though, with companies starting to ease back into doing regular business and consumers, if slowly, returning to shopping. There’s a 29 percent bounce-back predicted for the third quarter, which could represent a ‘V-shaped’ arc for recovery as the pandemic eases up, Goldman said.

Returns 52

Returns Payroll Research Risk 52

PYMNTS

DECEMBER 17, 2020

That’s important, given the fact that Main Street SMBs are responsible for driving a significant portion of the economy, employing roughly 40 percent of the workforce. After all, they’ve been plying the trade in an age where restrictions and shutdowns have hobbled brick-and-mortar operations. Obviously, the vaccine is good news.

Small Business 46

Small Business Shutdown Point-of-Sale (POS) B2B 46

PYMNTS

DECEMBER 28, 2018

Another factor driving sales of apparel — and other items — was the good economy, which features low unemployment and relatively low gas prices as the year enters its final week (still a vital time for retailers, of course, as they finish out the fourth quarter). Consumers also were interested in investing in new fashion trends.

Visa 62

Visa Consumer On-Demand Shutdown 62

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 Governance 71

PYMNTS

DECEMBER 16, 2020

Main Street SMBs across the board are fairly optimistic about the return to normal in the economy – largely premised, it seems, on the recent news of vaccine development. But that optimism is translating into an expectation among SMBs that things will return to normal sooner than most consumers expect.

On-Demand 112

On-Demand Shutdown Returns Economy 112

PYMNTS

NOVEMBER 16, 2020

Second, it is trying to participate in the digital-first economy, and analysts will be looking for a big jump. At the end of Q2 CEO Brian Cornell told analysts that Target returned to growth in store sales and saw growth in categories like apparel. If the week has a sure shot however, it’s Target. That’s unfortunate for health reasons.

NOV 56

NOV Shutdown Addressing Economy 56

PYMNTS

APRIL 27, 2020

The challenges of reigniting the economy after nearly two months of a near-total shutdown of the physical world, and probably a longer partial shutdown, is a lot like the ones faced by an entrepreneur with a platform business that she wants to ignite and scale. What Platform Dynamics Have To Do With Reopening The Economy.

Economy 93

Economy Shutdown Consumer On-Demand 93

PYMNTS

JANUARY 18, 2019

The record-breaking government shutdown is at the center of debate, largely for its impact on unpaid government workers. While President Donald Trump authorized federal government workers to receive back pay when the shutdown is over, employees of vendors with government contracts are not guaranteed the same safety net.

Shutdown 71

Shutdown Governance Government Payments 71

CB Insights

JULY 17, 2018

North 3rd Street Market opened in Williamsburg, Brooklyn, in May 2018, just in time for the dreaded L train shutdown. Acclaimed chef Guy Wong will open his first Miso Ko location in Atlanta’s Ponce City Market this summer — a casual grab-and-go sushi stop that also marks a return to more traditional Japanese sushi traditions.

On-Demand 69

On-Demand Automation Origination Fed 69