PYMNTS

MARCH 31, 2020

Contractors with Apple who work in janitorial, bus driving and other such fields will be paid during the coronavirus shutdown, in a reversal from the tech giant’s previous position. A company spokesperson said the hundreds of contract workers who perform essential jobs on the tech company’s campus in Silicon Valley would be paid.

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PYMNTS

MARCH 31, 2020

Contractors with Apple who work in janitorial, bus driving and other such fields will be paid during the coronavirus shutdown, in a reversal from the tech giant’s previous position. A company spokesperson said the hundreds of contract workers who perform essential jobs on the tech company’s campus in Silicon Valley would be paid.

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Payments Dive

OCTOBER 29, 2024

The money transfer company named the new CEO just weeks after a cyberattack led to a systemwide shutdown of its services for several days.

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PYMNTS

AUGUST 20, 2020

The shutdowns and fears of the virus caused India’s gross domestic product (GDP) to fall by around 20 percent in the quarter ending in June as opposed to last year. The shutdowns hit Indian women especially hard in the economic department, offsetting years of gains made for women in employment in the country.

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PYMNTS

MARCH 6, 2019

From cannabis legalization to the federal shutdown, government actions are reshaping financial circumstances for consumers and businesses alike. How PenFed Kept Financial Doors Open During the Government Shutdown. During the recent 35-day government shutdown, CUs like D.C. To read the full Deep Dive, download the Tracker.

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PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. Earlier this month, Federal Reserve Chairman Jay Powell warned that an extended government shutdown could be damaging to the U.S.

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PYMNTS

JANUARY 18, 2019

18) that the shutdown has become a hindrance for the economy, Financial Times reported. With an audience of the New Jersey Bankers Association, Williams noted that policymakers at the Fed had noticed “some emerging headwinds to growth from the partial government shutdown ” in addition to “geopolitical uncertainties.”

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PYMNTS

JANUARY 11, 2019

11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. Federal Reserve Chairman Jay Powell discussed the effects that a long-term shutdown could have on the economy. A longer shutdown is something we haven’t had,” he said. “If As Friday (Jan. Federal Reserve said in a statement.

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PYMNTS

MARCH 7, 2019

The longest government shutdown in U.S. While the shutdown is long over, hundreds of thousands of federal workers who endured more than a month of financial uncertainty are still feeling its effects. Several thousand federal employee PenFed members felt the shutdown’s effects, Chamorro said. history ended Jan.

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PYMNTS

JANUARY 17, 2019

Add federal websites to the fallout from the government shutdown. According to a new report in The Washington Post , with the shutdown now dragging into its 27th day, a growing number of websites operated by the federal government are breaking down.

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PYMNTS

DECEMBER 28, 2018

The Federal Trade Commission, which was conducting a probe into Facebook and its practices, will be forced to shutter the investigation due to the government shutdown, according to a report by The Washington Post. FTC workers aren’t allowed to do any work on the probe while the shutdown is in progress.

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Payments Source

APRIL 15, 2020

Even before the coronavirus pandemic, it was becoming clear that the work of the past decade to establish the Single Euro Payment Area was paying off with real-time payments networks and opening possibilities for another European payments scheme.

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PYMNTS

JANUARY 9, 2020

Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. Stronger regulatory rules compelled P2P services to plunge to 343 last year compared to 2,680 in 2016. billion yuan (US$70.4 billion) as of December 2019 from a height of 1.32 trillion yuan (US$189.2

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P2P Shutdown Non-Bank Regulations 52

TechCrunch Fintech

APRIL 28, 2024

Welcome to TechCrunch Fintech! This week, we’re looking at Stripe’s big product announcements, a bump in valuation for a Brazilian fintech startup and much more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.

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PYMNTS

MAY 28, 2020

Two of the nation’s largest automakers are paying suppliers upfront to help small cash-strapped suppliers survive shutdowns caused by COVID-19. General Motors Co. and Ford Motor Co. have introduced programs to fast-track payments that typically take up to 60 days to be paid, Reuters reported.

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PYMNTS

JANUARY 9, 2019

” Reliant Funding’s new service comes in the middle of a lengthy government shutdown that has closed the Small Business Administration and caused a drop in SBA loan approvals, according to data published by Biz2credit on Tuesday (Jan. The government shutdown really has begun to hurt small companies in search of capital.”

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PYMNTS

AUGUST 17, 2020

A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country.

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PYMNTS

MARCH 23, 2020

LendingTree Chief Economist Tendai Kapfidze said, according to Yahoo Finance , “We’re gonna have a shutdown in the housing market because people aren’t out there seeing the houses, and also because generally economic activity is contracting in almost every sector of the economy.”.

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PYMNTS

AUGUST 20, 2020

Unless an appeals court intervenes at the last minute, Uber Technologies Inc. and Lyft Inc. are ready to suspend their ride-hailing services in California on Thursday (Aug. In a blog post , Lyft said its rideshare operations in California would be suspended at 11:59 a.m. on Thursday.

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Payments Source

MARCH 25, 2021

The abrupt shutdown of retail a year ago led to a rise of digital shopping — and fraud. And the most tech-savvy consumers may be the most vulnerable, according to TransUnion data. ]].

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Payments Source

MAY 26, 2020

The coronavirus shutdowns have tossed businesses into disarray in numerous ways, most notably the tricky transactions that come with operating a restaurant as a drive-through for the first time.

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PYMNTS

NOVEMBER 2, 2020

Concerns are growing that given the international surge in cases, shutdowns starting up in the U.K. “We want to be in a position where we can — and I believe that this is likely to be the case — have an approach where if we bring down the rate of infection sufficiently, we can reduce measures nationally and also reduce measures regionally.”.

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PYMNTS

FEBRUARY 4, 2020

The closing of Foxconn’s factory in Taipei over the outbreak of the Coronavirus could affect iPhone production, Reuters reported on Monday (Feb. 3), citing sources. Foxconn produces iPhones and other smartphones for Apple and other brands. The factory in Taipei was among many in China instructed to close down and halt production, at least until Feb.

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PYMNTS

APRIL 18, 2019

American Express, in reporting its latest quarterly results, showed evidence Thursday (April 18) morning that consumer spending remains resilient, even having navigated the bumps of the prolonged government shutdown that came early in the quarter. In terms of headline numbers, revenues, net of interest expense, were up 6.6

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Payments Source

MAY 11, 2020

Historical data doesn’t paint a sufficient picture in a business climate characterized by rapid, unexpected change and lingering uncertainty, says MSTS' Brandon Spear.

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PYMNTS

AUGUST 15, 2019

A European Central Bank (ECB) website has been shut down after a malicious hacking attack infected the site. Reuters is reporting that the incident happened on Thursday (Aug 15). No “market-sensitive” data that could compromise the markets was stolen, the ECB said.

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PYMNTS

AUGUST 31, 2020

Robinhood , a FinTech focused on online stock brokerage for those not expertly versed in that subject, has attracted much praise and activity — but with that, a regulatory probe from the U.S. Securities and Exchange Commission (SEC) into alleged poor management of the app, Bloomberg reported.

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Payments Source

JUNE 16, 2020

Even though a portion of retailers could rely on e-commerce to keep active during coronavirus shutdowns, reopening brick-and-mortar shops may be even harder amid new safety concerns.

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PYMNTS

JUNE 10, 2020

When India moved to formally shut its economy down by closing workplaces and other public spots over COVID-19, over 120 million Indians lost their jobs. But one group was hit most critically in that collapse of employment — women, according to The New York Times.

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Payments Source

JANUARY 2, 2019

As the federal budget dispute shoves an increasing number of government workers to the sidelines, there’s a window to provide payments relief that’s superior to options such as payday lending and bartering.

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Payments Source

JANUARY 4, 2021

The planned shutdown of Haven at the end of next month marks the close of an ambitious effort that brought together titans of technology and finance but struggled to demonstrate meaningful results.

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Payments Source

FEBRUARY 14, 2019

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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PYMNTS

FEBRUARY 21, 2019

On-demand food delivery company Munchery shuttered operations earlier this year, sending an email to customers that it would immediately cease operations. While the news may not have come as a surprise, Munchery’s demise is nevertheless leaving its suppliers high and dry, according to reports Wednesday (Feb. 20) in Marketplace.

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Payments Source

FEBRUARY 14, 2019

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

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Shutdown Rules Regulations Government 60

Payments Source

MARCH 23, 2020

The coronavirus has forced shutdowns and closures of over 90% of U.S. casino properties halting annualized payments of $74 billion in wages and $41 billion in tax revenues.

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Payments Source

JULY 23, 2018

The news that Snap Inc. is shutting down Snapcash, a version of Square Cash offered on its Snapchat social media platform, may have less to do with P2P payments and more to do with the long-term future of the company itself.

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Payments Source

JANUARY 30, 2019

Visa CEO Alfred Kelly said the company's earnings, though solid, could suffer if if politicians in Washington and London don’t resolve their biggest issues.

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