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. Treasury Department. The Senate could act on the proposal as early as next week.

Rules 53

Rules Underserved Payroll Treasury 53

PYMNTS

MAY 1, 2020

Treasury Secretary Steven Mnuchin said per reports that firms that borrow money via the Paycheck Protection Program (PPP) can expect to be audited prior to forgiveness of the loans. Mnuchin: All PPP Loan Recipients Will Face Audits. ” JPMorgan Chase Submits Nearly $18B In PPP Loans.

Audit 57

Audit Posting Cross-Border Shutdown 57

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. Instead, treasury banks are on the road to expanding past their legacy limitations and into a richer set of instant-payment offerings.

Instant Payments 59

Instant Payments ACH PayPal Payments 59

PYMNTS

DECEMBER 31, 2020

JPMorgan: Real-Time Treasury A Key Driver Of Corporate’s Loyalty. From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. "If

Innovation 115

Innovation Payments Shutdown On-Demand 115

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.

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On-Demand Credit Cards Returns Shutdown 92