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Westgate Resorts: Why Faster Worker Pay Is Key To Reopening

PYMNTS

The United States economy is steadily reemerging from the COVID-19 pandemic-induced shutdown. Businesses are reopening to a different reality than the one that existed just three months ago, however. Around The Changing Payroll Landscape. This requires businesses to spend most of their PPP funding on payroll.

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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

In March, American Express — the largest commercial card issuer — was next in line to face criticism for its commercial card fees, with accusations that sales associates misled small businesses with regards to rewards and fees on the company’s SMB card products. In late-March, Bloomberg reported that large U.S. Summer Trips: Canceled.

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ADP Reports Disappointing Private Sector Job Growth In July

PYMNTS

ADP found that while June’s payroll was revised upward to 4.3 million jobs was added, the nation’s job market is short of the nearly 20 million jobs lost earlier this year as shutdowns began to prevent the spread of the coronavirus. We have seen the slowdown impact businesses across all sizes and sectors.”. On Thursday (Aug.

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House Eases Rules On PPP Loans

PYMNTS

A measure that would make it easier for small businesses (SMBs) to get their hands on a forgivable federal loan has easily passed the House, The Wall Street Journal reported. The initial eight-week time limit for use of the funds doesn’t work for many owners who have been issued shutdown orders.

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Why PPP Will Be A Pivot Point For The Future Of Digital Security

PYMNTS

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.

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The Post-Pandemic SMB Restart, Localized Payments, PPP Audits Top This Week’s News

PYMNTS

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.

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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

For most small businesses, the dawn of the new decade was filled with optimism for their futures. For them, it all depends on how long the current lockdown/shutdown lasts and when consumer demand will return — and at what level. Loans will be forgiven if SMBs keep their employees on their payroll.