PYMNTS

MAY 28, 2020

The bi-partisan bill answers a request from entrepreneurs who asked lawmakers to reduce the amount of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan that must be used on payroll to 60 percent, down from 75 percent. The Senate could act on the proposal as early as next week.

Rules 53

Rules Underserved Payroll Treasury 53

PYMNTS

JULY 15, 2020

To do that, Congress will have to ensure that food and agriculture employees get priority status in testing for COVID-19 and classify restaurant employees as essential employees, giving them payroll tax relief.

Shutdown 68

Shutdown Payroll Risk Addressing 68

PYMNTS

JUNE 29, 2020

As COVID-19 forced the shutdown of the nation’s economy, the share of the population employed fell from a high of 61 percent at the start of the year. A survey of economists by Dow Jones predicted that nonfarm payroll will rise by 3.15 The employment-population ratio, the number of employed people as a percentage of the U.S.

Shutdown 92

Shutdown Economy Payroll Continuity 92

PYMNTS

MAY 29, 2020

Under the terms of the Congressional $25 billion bailout for the airline industry, employees must be kept on the payroll at least through the end of September. The amount did not include $5 billion in payroll support from the government. But United will have to wait for three months before it can issue pink slips.

Payroll 56

Payroll Shutdown Security Government 56

PYMNTS

AUGUST 5, 2020

The numbers showed a 10 percent decline in spending compared to a year ago, albeit higher numbers as compared to the height of the pandemic’s economic destruction in March and April during the nationwide shutdowns, CNBC reported. And, the number of jobs added has slowed, with just 1.48 million jobs added in June, CNBC reported.

Economy 58

Economy Federal Reserve Shutdown Fed 58

PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. 1) morning found that job growth, as measured in January, sent nonfarm payrolls up by as many as 304,000 positions. Data released on Friday (Feb. That growth trounced estimates of 170,000 jobs created. The numbers, released by the U.S.

Federal Reserve 40

Federal Reserve Shutdown Payroll Fed 40

FICO

JANUARY 22, 2019

The longest government shutdown in US history is also a historic opportunity for banks, fintechs and bank challengers to show they’re serious about helping customers. Others, especially those in two-income households, might prefer the option of changing a current payment plan to align with the payroll schedule of a second earner.

Shutdown 40

Shutdown Payroll Assessments Governance 40

PYMNTS

JUNE 29, 2020

As COVID-19 forced the shutdown of the nation’s economy, the share of the population employed fell from a high of 61 percent at the start of the year. A survey of economists by Dow Jones predicted that nonfarm payroll will rise by 3.15 The employment-population ratio, the number of employed people as a percentage of the U.S.

Shutdown 73

Shutdown Economy Payroll Continuity 73

PYMNTS

MAY 1, 2020

He said, “One of the things that will be required is you will have to show a payroll report that you actually spent the money on payroll and other items that qualify for forgiveness.” ” JPMorgan Chase Submits Nearly $18B In PPP Loans. JPMorgan Chase & Co. Why Reopening The US Economy Should Be About Reinventing It.

Audit 57

Audit Posting Cross-Border Shutdown 57

PYMNTS

APRIL 13, 2020

Small businesses are hurting, which has been reflected in record unemployment numbers, the near-total shutdown of mainstream businesses and in PYMNTS data revealing that as of about two weeks ago, a quarter of small businesses didn’t think they would survive the coronavirus pandemic at all.

Security 67

Security Payroll Phishing Small Business 67

PYMNTS

SEPTEMBER 7, 2020

And cash coming into the (real and virtual) doors would do much to replace the spotty success of various government programs that were designed to help SMBs weather shutdowns. To hire means that some top line torque, or at least visibility, must be in place — cash flow, after all, is what pays for employees.

Shutdown 64

Shutdown Small Business Economy Payroll 64

PYMNTS

SEPTEMBER 7, 2020

With a sense of intense urgency, the corporate card arena began to explore how to support some of the companies that were struggling the most as a result of an economic shutdown: small businesses. As the pandemic spread across Europe, and eventually the U.S., Spring began in dramatic fashion. In late-March, Bloomberg reported that large U.S.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 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. Roughly two-thirds of the decline in sales is the result of a forced government shutdown of their physical locations. Loans will be forgiven if SMBs keep their employees on their payroll.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

PYMNTS

JUNE 25, 2020

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. Allowing employees to control when they are paid is just one innovation transforming longstanding payroll processes. Going Digital With Pay Cards.

Checks 57

Checks Payments Payroll Faster Payments 57

PYMNTS

DECEMBER 31, 2020

Disrupting Traditional Payroll For A New Economic And Global Normal. While other organizations struggled with shutdowns and work-from-home mandates, many healthcare providers had their hands full saving lives on the front lines and were unable to take on other projects. Bill Marvin , CEO at J.P.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

APRIL 8, 2019

As of the end of the first quarter, nearly 5,000 (4,810, to be exact) retail locations were marked for shutdown, as players like The Gap, Abercrombie and Fitch and Dollar Tree are markedly cutting back their physical footprint. Many of those losses are due to store closures.

Blocks 59

Blocks Economy Shutdown Automation 59

PYMNTS

FEBRUARY 14, 2019

Federal Government is gearing up to overhaul and upgrade its payroll technology thanks to a $20.7 Reports in GCN this week said the government has announced funding for the payroll project that will upgrade the way an estimated 800,000 federal employees are paid. million investment from the Technology Modernization Fund.

Payroll 40

Payroll Shutdown Governance Government 40

PYMNTS

MAY 14, 2020

percent, which is the highest it’s been since the Great Depression of the 1920s, as well as a record high of contractions for payrolls. Last week’s reports showed record numbers of unemployment at 14.7

Returns 52

Returns Payroll Research Risk 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. Frew sees the next major step for instant payments as moving into government disbursements and regular payroll services.

Instant Payments 59

Instant Payments ACH PayPal Payments 59

PYMNTS

APRIL 27, 2020

There’s certainly a movement of SMBs doing … well, something to preserve operations as the shutdowns spread out across almost all US states. Applying for the PPP aid, in fact, eclipsed cutting employee payrolls, which had been a tactic for 36.8 percent of SMBs). percent of SMBs. percent who had embraced that practice on April 6.

On-Demand 67

On-Demand Small Business Shutdown Payroll 67

CB Insights

NOVEMBER 2, 2017

Since then, Square (NYSE: SQ, Mkt Cap: $13.7B) has evolved its product and service line into a much broader suite, encompassing small business loans, payroll, food delivery, P2P payments, and more. Square launched in 2009 with an initial product that enabled sellers to accept card payments using a smartphone-attachable magnetic stripe dongle.

Shutdown 28

Shutdown Wires Wire Caps 28

PYMNTS

APRIL 13, 2020

Today, for most Main Street SMBs, there is no money to meet payroll or pay bills. Seventy-one (71) percent of these SMBS have done the only thing they feel they can do when revenue goes to zero or near-zero overnight: reduce payroll (38 percent) and stop paying their bills (33 percent). times their W-2 payroll.

Payroll 115

Payroll On-Demand Returns Economy 115

PYMNTS

FEBRUARY 3, 2019

Despite the negative assessment on the part of the small businesses surveyed by the WSJ, the Labor Department announced late last week that nonfarm payrolls increased by 304,000 last month. Close to one in four small business owners said the Trump Administration has negatively impacted the outlook for their operations.

Small Business 40

Small Business Shutdown Economy Payroll 40

CB Insights

OCTOBER 31, 2017

Most surprising was the sudden shutdown of Sprig, a startup in the beleaguered food-delivery space that first received funding in 2013. ” Title: Shelfie to Shutdown on 31 January – Download Your eBooks NOW. The shutdown was a conscious business decision. Title: Post Ghost Shutdown: An Open Letter to Twitter.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

PYMNTS

JANUARY 6, 2019

With the government shutdown continuing, banks in the U.S. We’re working one on one with customers to try to get them to where they would have been, absent the shutdown.”. The FT noted that the shutdown impacts around a quarter of federal agencies such as national parks, the Internal Revenue Service and other non-essential agencies.

Shutdown 71

Shutdown Governance Government Direct Deposit 71

PYMNTS

MAY 12, 2020

House Democrats unveiled a $3 trillion spending package for more coronavirus aid on Tuesday (May 12), including more money for individuals affected by the shutdown, according to CNBC. Republicans, who have been resistant to spending more on stimulus packages, are not likely to go along with the plan.

Shutdown 78

Shutdown Enrollments Payroll Governance 78

PYMNTS

MAY 14, 2020

The 1,800-page measure provides more money for Americans impacted by the shutdown. In a press conference this week, he mentioned a possible payroll tax cut, but Democrats say that won’t provide relief to the unemployed. But Republicans aren’t ready for another round of cash assistance.

Shutdown 60

Shutdown Payroll Assessments Government 60