PYMNTS

APRIL 13, 2020

Because it is also a low profit margin good, it is produced to meet the demand. It’s a system that works fine, even in circumstances where demand suddenly spikes, say when there is a hurricane or blizzard forecast in a specific geographic area. Toilet paper manufacturers deal with surge all the time. Proctor & Gamble Co.

On-Demand 118

On-Demand Shutdown Product Returns 118

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.

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Posting Shutdown On-Demand NOV 77

PYMNTS

SEPTEMBER 24, 2020

But the past six months have made a huge difference, particularly since it included a global pandemic, a nationwide shutdown of physical commerce and a slow (and highly digital) road to recovery for both consumers and merchants. McFarland said that “is absolutely an area where we are seeing and hearing increased demand from merchants.

Checks 105

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

PYMNTS

DECEMBER 24, 2020

eCommerce spiked because consumers demanded it and drove it. One was driven by demand; the other was driven by necessity. When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The numbers speak for themselves. D2C Explodes.

Economy 118

Economy Consumer On-Demand Shutdown 118

PYMNTS

DECEMBER 14, 2020

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? Saks President and CEO Marc Metrick is among those who have expressed optimism.

On-Demand 89

On-Demand Shutdown Consumer Economy 89

PYMNTS

SEPTEMBER 1, 2020

That convenience often comes in the form of contactless shopping, on-demand fulfillment and the availability of products when needed. Earlier in the year, the increase in convenience needs came as people had less options to shop, due to the pandemic's shutdowns, and as they became more concerned about their health because of the virus.

Shutdown 82

Shutdown On-Demand Checks Process 82

PYMNTS

APRIL 28, 2020

As Salzer told PYMNTS, “There have been some significant shifts in consumer demand — and those consumers have been increasingly transacting, and looking for help, across online channels.”. Shuttered branches. Banking may be forever altered. The Permanent Changes.

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Credit Union Online and Mobile Banking Shutdown On-Demand 99

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,” wrote PYMNTS CEO Karen Webster. “The

Shutdown 77

Shutdown Economy On-Demand Consumer 77

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

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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

SEPTEMBER 3, 2020

For financial institutions (FIs) and enterprises that seek to pivot to meet the growing demand for digital payments, observing and reacting to shifts in how different generations prefer to pay will be critical during the pandemic and beyond, according to Royal Cole , executive vice president, FI payment solutions at FIS.

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

PYMNTS

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

PYMNTS

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. The report , released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. A Short-Term Remittance Boom.

B2B 96

B2B Non-Bank Volume On-Demand 96

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

SEPTEMBER 7, 2020

eCommerce spiked because consumers demanded it and drove it. One was driven by demand; the other was driven by necessity. As Labor Day is the gateway to the all-important fourth quarter, it’s a good time to look at where the DTC category will end up when the dust has finally cleared on 2020: How COVID-19 Boosted DTC.

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On-Demand Shutdown Consumer Gateways 100

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

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Shutdown On-Demand Research Economy 71

PYMNTS

SEPTEMBER 3, 2020

But COVID-19’s virtual shutdown of in-person dining nationwide has pushed the firm’s growth to closer to 800 percent for 2020. And for small restaurants — those with a single location controlled by a single owner — the big delivery platforms present a unique problem, Chowbus CEO and co-founder Linxin Wen told PYMNTS in a recent conversation.

On-Demand 75

On-Demand Shutdown Underserved Use Case 75

PYMNTS

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

PYMNTS

OCTOBER 22, 2020

GE’s treasury department experienced this firsthand in the early days of the pandemic, when China imposed a full shutdown on businesses. Fatehpuria notes that while the company’s aviation division has been adversely impacted, there is pressing demand on its healthcare division.

Cross-Border Payments 98

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

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. Many had few choices but to shift the financial burden to their employees given the abrupt lack of demand for and/or access to their products or services. A third (33 percent) aren’t sure they will.

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On-Demand Credit Cards Returns Shutdown 92

PYMNTS

MARCH 27, 2020

Factory shutdowns and stay-at-home orders have disrupted manufacturing and production, with ramifications reverberating throughout global supply chains. The coronavirus has turned entire industries on their heads, not least of all the shipping and logistics sector. Establishing Communication Lines. Long-Term Impacts And Some Silver Linings.

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Payer B2B On-Demand Shutdown 87

PYMNTS

MAY 22, 2020

Le Garrec said Petit Robert has been serving up dining experiences — on-demand and remotely — well enough to recoup 40 percent of its former business, “so it’s not that bad.”. Le Garrec described his initial experience of the shutdown as something of a mad dash for survival. This is what it has been like all the way through.

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Shutdown Returns Checks On-Demand 97

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.

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Shutdown NOV On-Demand Returns 63

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

JANUARY 17, 2021

Whether it’s buy, lease or subscribe, carmakers and dealers are unified in their desire to sell cars, or move metal, in order to meet strong consumer demand for cars. Unfortunately the Access by BMW subscription program is ending on Jan. 31, and we are no longer taking new members,” a sales representative told The Verge. Down but Not Out.

On-Demand 81

On-Demand Shutdown Consumer Finance 81

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. Despite trimming jobs and minimizing operations as COVID-19 spread earlier this year, large U.S.

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Federal Reserve Shutdown Economy On-Demand 70

PYMNTS

AUGUST 12, 2020

. “Property is where business interruption coverage would sit,” she said, noting that one of the biggest shifts she has witnessed in recent weeks and months is an increase in demand for this type of insurance product, as well as specific coverage related to pandemics. ” A Shifting InsurTech Landscape.

Small Business 91

Small Business Underwriting Direct Deposit Shutdown 91

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

PYMNTS

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. Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year.

Shutdown 64

Shutdown On-Demand Returns B2B 64

PYMNTS

MAY 12, 2020

Jay Snowden, CEO of Penn National Gaming , said he was looking at the demand from tribal casinos before making any hasty decisions. This was timed in conjunction with the Jacksonville, Florida Ultimate Fighting Championship matches — the first sporting events since the shutdown started in March.

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Shutdown On-Demand Rules Security 52

PYMNTS

JULY 3, 2020

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. A Focus on Contactless Commerce.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

JULY 10, 2020

The numbers show spicy chicken sandwiches saw a huge uptick in popularity with 299 percent increase in demand, and plant-based burgers weren’t far behind with 291 percent. The meal kit service reported an 8 percent spike in activity due to the shutdown orders, which had more people looking to cook at home.

Shutdown 52

Shutdown On-Demand 52

PYMNTS

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

PYMNTS

JULY 21, 2020

Gett said its corporate service has stayed stable during pandemic shutdowns. The platform includes “high-quality local and global vendors, for on-demand taxi, chauffeur and limousine and ride-hailing services.”. Gett , which provides corporate taxi services, has raised $100 million in a funding round, the company announced on its blog.

Shutdown 56

Shutdown On-Demand 56

PYMNTS

MAY 21, 2020

Both startups have now launched delivery of alcohol in India as a way to meet the increased demand for alcohol amid lockdowns — and boost their revenue. consumers to find out how the pandemic has affected their shopping habits, and whether they will maintain those new habits once shutdowns are over. PYMNTS surveyed 2,047 U.S.

Shutdown 57

Shutdown On-Demand Consumer 57

PYMNTS

APRIL 29, 2020

And hard times caused by the mass shutdowns may not necessarily be alleviated by the phased recovery that will start allowing movie theaters to re-open over the next several weeks. While theaters may have closed down, consumers’ demand for movies has not disappeared. That demand has been met by movie studios.

On-Demand 68

On-Demand Shutdown Consumer Blocks 68

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.

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Shutdown Payments Volume On-Demand 52