PYMNTS

APRIL 9, 2020

JPMorgan economists said they had first considered the impact on demand, looking at spending cuts that would come with the rise of social distancing and shutting down of various places where people congregate. ” In general, economists have not been able to fully calculate the eventual effects of the pandemic and the shutdown.

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Shutdown On-Demand Economy Product 100

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 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

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

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.

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Shutdown On-Demand 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.

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Shutdown NOV On-Demand Returns 63

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.

Shutdown 52

Shutdown On-Demand Rules Security 52

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

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.

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Shutdown Adjustments On-Demand Governance 56

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

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

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

APRIL 28, 2020

We see demand as pushed out, not canceled.”. The recent launch of the new, lower priced iPhone SE online, suggests Apple is getting back to business after weeks of shutdown earlier this year, Daryanani added. On top of that, Apple’s new low-price SE model was priced at $399 before the COVID-19 pandemic took hold.

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Shutdown On-Demand Origination Research 52

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

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

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

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

NOVEMBER 30, 2020

With COVID-19 case counts on the rise and shutdowns going back into effect in an increasing number of states, the already rocky road restaurants had ahead of them looks to have gotten more treacherous. Which, in turn, has made more restaurateurs discover more novel approaches to serving their customers. According to U.S.

Innovation 60

Innovation Shutdown On-Demand Returns 60

PYMNTS

JUNE 8, 2020

The Saudi Arabia-based company hopes to take advantage of the surge in demand for its online delivery business due to the shutdown. Its stock would be listed on Tadawul, the Saudi Stock Exchange. In February, sources said BinDawood was expected to go public by the end of the first quarter or the beginning of the second quarter of 2020.

Shutdown 52

Shutdown On-Demand 52

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

MARCH 19, 2020

In other news, an increase in the number of individuals working from their residences due to the coronavirus has led to a rocketing demand for portable computers, The Wall Street Journal reported. Here are the latest updates on the coronavirus around the world. Simon Property Group is temporarily shuttering its U.S.

Consumer 52

Consumer On-Demand Shutdown Product 52

PYMNTS

MARCH 19, 2020

Slowing demand, brought on by the need for Americans to practice social distancing, is going to very likely immediately hurt those who work in at the nation’s hotels, restaurants, and bars,” said Andrew Challenger, senior VP of Challenger, Gray & Christmas. We are certainly beginning to see the cracks in the foundation.

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Shutdown Treasury On-Demand Returns 52

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 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 Risk 92

PYMNTS

AUGUST 31, 2020

The government agency said shutdowns imposed to prevent the spread of the coronavirus since late March caused the decline, the worst it has been in two dozen years. But consumer demand and manufacturing have not improved, the AP reported. In May, India announced a $266 billion stimulus package to help taxpayers and businesses.

Economy 60

Economy Shutdown Governance Government 60

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 On-Demand Volume 96

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.

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Shutdown On-Demand Returns B2B 64

PYMNTS

JUNE 4, 2020

After a second month of shutdowns and the inevitable yet devastating impact on the market, this week’s reopening of dealerships is a pivotal moment for the entire industry and the thousands of people whose jobs depend on it,” Michael Hawes, SMMT’s CEO, told the Times. and Europe.

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Shutdown On-Demand Returns Consumer 52

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.”. As savings rose, spending fell by a record 13.6

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Shutdown Economy On-Demand Consumer 58

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

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

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

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

OCTOBER 5, 2020

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. But since the great spring shutdown, many people have begun making forays into using the QR codes. If You Try It, You’ll Like It.

Contactless Payments 144

Contactless Payments Consumer PayPal Payments 144

PYMNTS

MARCH 24, 2020

The plan was to launch in the summer, but the current coronavirus pandemic seemed to demand a response, so Taub and Schonfield rolled it out early. The coronavirus’ spiraling layoffs, store closures and shutdowns have left staggering numbers of people out of work in recent weeks, which Taub said was the main reason for the early launch.

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Shutdown On-Demand Small Business Posting 40

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.”.

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OCC Compliance Risk Office of the Comptroller of the Currency 66