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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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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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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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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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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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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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Six Months Into Pandemic, Taking The Pulse Of Main Street SMBs

PYMNTS

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. And they had to expand out their consumer base.”.