PYMNTS

MARCH 30, 2020

For them, it all depends on how long the current lockdown/shutdown lasts and when consumer demand will return — and at what level. At that point in time, only 20 percent of SMBs we talked to that asked the government (at any level) for assistance received any, and only 17 percent that asked their banks for more funding had gotten it.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

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.” government shutdown and lower volatility, and declined by 17 percent. percent when markets opened this morning. All in, revenue came in at $23.2 billion, missing analyst estimates of $23.3

Zelle 61

Zelle Transactions P2P Mobile Banking 61

PYMNTS

FEBRUARY 4, 2019

Many federal workers are still recovering from the longest government shutdown in U.S. Our work at mRelief is about bringing the simplicity of technology typically used to provide on-demand services, to things that are critical needs,” mRelief co-founders Rose Afriyie and Genevieve Nielsen said.

Shutdown 43

Shutdown Enrollments Consulting On-Demand 43

PYMNTS

MAY 25, 2020

On March 24, knowing that some kind of government program was being considered, one in four Main Street SMBs didn’t think their businesses would survive the pandemic, and four in 10 said they weren’t sure. The failure of government programs like PPP hasn’t helped the outlook. JCP doesn’t have much to offer Amazon in terms of customers.

Shutdown 64

Shutdown Returns On-Demand Governance 64

PYMNTS

JANUARY 10, 2019

But there is some good news: Despite the government shutdown, tax refunds will still be paid, according to the most recent reports. But consumers are increasingly demanding quicker — even instant — payments in all types of situations, from wages to disbursements. Rise of Quicker Payments. billion payments valued at $10.7

Tax Refunds 48

Tax Refunds IRS Real Time Payments Blocks 48

PYMNTS

APRIL 20, 2020

To stem the wave of economic devastations wrought by the full economic shutdown, the federal government has in the last several months passed over $2 trillion in stimulus funds to be injected into the economy in various ways. More than half – nearly six in 10, to be exact – reported living paycheck to paycheck, and nearly half (45.5

Consumer 56

Consumer Underwriting Economy Laws 56

PYMNTS

AUGUST 6, 2020

recovery shifts into rockier territory amid an uptick in infections that has some regions shifting back toward shutdowns. That’s the trillion-dollar question as Congress and the White House continue to debate just how much to spend on another round of federal government stimulus and who should get the money. The Stimulus Question.

Finance 60

Finance Online and Mobile Banking Payments Credit Union 60

PYMNTS

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

PYMNTS

NOVEMBER 19, 2020

We’ve seen a massive increase in demand for eCommerce for our business,” Wishart noted. Department of Agriculture (USDA) expanded the online program, which as of today is available in 46 states and the District of Columbia and includes over a million American households that are now shopping for groceries online using government benefits.

On-Demand 57

On-Demand Shutdown Consumer Underserved 57

PYMNTS

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. percent said they’d not felt comfortable taking on government aid.

On-Demand 67

On-Demand Small Business Shutdown Payroll 67

PYMNTS

JANUARY 25, 2019

The food on-demand delivery startup announced — rather abruptly — earlier this week that it was shutting down its services immediately. Munchery has tried for years to find the right secret sauce to ignite its on-demand food delivery business, but never quite got the scale with users it was looking for. between them.

On-Demand 49

On-Demand AI SWIFT Shutdown 49

PYMNTS

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

PYMNTS

DECEMBER 24, 2020

COVID-19 was actually great news for DoorDash , as government shutdowns and consumer virus fears forced restaurants almost everywhere to eliminate dining in and switch to pickup and delivery. DoorDash ($39 billion). The company also reported a $23 million profit for the second quarter — its first black ink in history. GoodRx ($12.7

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

PYMNTS

NOVEMBER 3, 2017

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. The opposite was true in China, where demand was so low that vendors were slashing the iPhone X’s price by as much as 20 percent to try to move units. That amounts to one-third of the population.

On-Demand 40

On-Demand Shutdown Caps Database 40

PYMNTS

DECEMBER 16, 2020

The COVID-19 pandemic has been hard on everyone – consumers, businesses, government officials and healthcare workers – but the pain has been far from evenly distributed over the past nine months. Roughly the same reported stable demand, but 30 percent experienced a decline in sales. SMBs Are Highly Aware of the Vaccine News.

On-Demand 112

On-Demand Shutdown Returns Economy 112

PYMNTS

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

PYMNTS

APRIL 15, 2020

Stay-at-home orders and government mandates to shutter restaurants have blocked the most direct ways for dining establishments to get top-line torque and make money. Waiting for demand to recover is a dicey proposition, of course, because no one really knows just how and when (not if) demand will recover.

Treasury 56

Treasury Governance Government Shutdown 56

PYMNTS

APRIL 16, 2020

The hope, he said, is to mitigate the fallout from the coronavirus shutdowns and ensuing economic strife. That would be the right course as opposed to a historical wrong example such as France’s demands of Germany after World War II that “the sinners must pay,” which triggered a populist revolution and even more unrest.

Economy 52

Economy Shutdown Central Bank Mitigation 52

PYMNTS

JULY 6, 2020

Kohli said such customers are looking to turn the shutdown into an opportunity by rethinking some manual processes that their payments workflows are still chained to. He said such analog processes just don’t “gel” with the explosion of digital demand. Waiting even a few days for payment no longer works for anyone.

Instant Payments 59

Instant Payments ACH PayPal Payments 59

PYMNTS

JANUARY 21, 2019

The partial government shutdown, which is now in its fourth week with no sign of ending, is helping out at least two industries: pawn shops and payday lenders. Without income coming in, some of the hundreds of thousands of government workers are turning to pawns shops and payday lenders to help them get by. Meanwhile EZ Corp.,

Shutdown 72

Shutdown Void Governance Government 72

PYMNTS

APRIL 13, 2020

On March 24, knowing that government help was on the way, but not certain of the specifics, one in four Main Street SMBs didn’t think their businesses would survive the pandemic, and four in 10 said they weren’t sure. Small businesses can’t survive weeks without demand. For these Main Street SMBs, there is no demand.

Payroll 115

Payroll On-Demand Returns Economy 115

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. The buyers are key, of course, since they drive demand and sales.

Economy 93

Economy Shutdown Consumer On-Demand 93

PYMNTS

JUNE 2, 2020

As a result, some local government have looked at instituting caps on the fees allowed, at least until pandemic shutdowns are eased. COVID-19 shutdowns have increased the demand for meal delivery, with many restaurants otherwise shuttered around the country. However, coronavirus shutdowns have damaged the economy.

Shutdown 56

Shutdown Regulations Caps Economy 56

CB Insights

NOVEMBER 9, 2017

“The general consensus of the employee base is that there was mismanagement of finances,” said one former company executive… The day after the shutdown announcement, one Mode manager of an overseas office described receiving frantic emails from headquarters requesting immediate transfer of all funds and assets back to the US.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Shutdown Push-to-Card 78

PYMNTS

OCTOBER 21, 2020

On one hand, certain businesses like restaurants and gyms are still contending with shutdowns and have a very tough path forward. But on the other side of the coin, other small businesses such as HVAC installers — have never experienced the strong demand that they're currently facing, he said. Time For More PPP . I think so.”.

Small Business 56

Small Business Credit Union Laws Shutdown 56

CB Insights

OCTOBER 31, 2017

Of his many failed experiments, Thomas Edison once said: “ I have learned fifty thousand ways it cannot be done and therefore I am fifty thousand times nearer the final successful experiment.” in total funding closed). ” So why do so many startups flame out? 2017 Third Update (10/31/17). 2017 Second Update (6/9/17).

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

PYMNTS

SEPTEMBER 16, 2020

government stimulus for consumers and businesses has been a moving target in recent weeks, with lots of drama but not much actual movement on the issue. By and large, firms we surveyed said their survival wasn’t assured even with government aid in hand. Whether Congress and President Donald Trump agree on a second round of U.S.

Economy 75

Economy Shutdown Consumer Governance 75