PYMNTS

JULY 3, 2020

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. percent on April 20.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

MAY 7, 2020

The new payment tool was designed for small businesses looking to move from brick-and-mortar to eCommerce, the news service reported. As COVID-19 has forced shutdowns and social distancing, web sales have been on the rise, and many entrepreneurs are moving their business models online. billion.

Payments Tools 61

Payments Tools PayPal Shutdown Payments 61

PYMNTS

JULY 1, 2020

Compliance risk is increasing due to new assistance programs for consumers and small businesses, resulting in high call volumes and reassigned staff implementing new practices and procedures.”. banking system.

OCC 66

OCC Compliance Risk Office of the Comptroller of the Currency 66

PYMNTS

MAY 13, 2020

He said adding restrictions on apps would only drive up costs for small business owners, slow down order volumes, and cause costs on customers to rise. Grubhub spokesman John Collins, in response to the news, told Bloomberg the proposed restrictions wouldn’t hold up.

Caps 56

Caps Shutdown Small Business Volume 56

PYMNTS

MAY 1, 2020

informed its small business customers that it submitted 220,000 applications this week to the PPP, with the information reportedly included in an email to clients whose loan applications had been submitted. ” JPMorgan Chase Submits Nearly $18B In PPP Loans. JPMorgan Chase & Co.

Audit 57

Audit Posting Cross-Border Shutdown 57

PYMNTS

MARCH 30, 2020

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. Consumer confidence was at an all-time high, and unemployment at an all-time low.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

PYMNTS

JANUARY 18, 2019

Yes, volatility reigned in the last quarter, and all manner of investors fled all manner of assets, and so depending on where you looked, trading volumes and commissions were down, mid-single digit percentages (such as for Goldman) to double-digit percentages (such as for JP Morgan). Let’s put the vagaries of trading revenues aside.

Online and Mobile Banking 51

Online and Mobile Banking Volume Point-of-Sale (POS) Debit Card 51

PYMNTS

APRIL 27, 2020

When the Paycheck Protection Program (PPP) debuted earlier this month, it was heralded by some observers as a lifeline for small businesses that power Main Street in the United States. There’s certainly a movement of SMBs doing … well, something to preserve operations as the shutdowns spread out across almost all US states.

On-Demand 67

On-Demand Small Business Shutdown Payroll 67

CB Insights

JULY 17, 2018

North 3rd Street Market opened in Williamsburg, Brooklyn, in May 2018, just in time for the dreaded L train shutdown. But with commercial rents continuing to rise in most urban areas, it’s been a challenge both for small businesses and national retailers to find affordable space.

On-Demand 69

On-Demand Automation Origination Fed 69

PYMNTS

DECEMBER 7, 2020

And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. Small Business, Big Challenges.

Finance 142

Finance Small Business Underwriting B2C 142

CB Insights

NOVEMBER 9, 2017

. “The general consensus of the employee base is that there was mismanagement of finances,” said one former company executive… The day after the shutdown announcement, one Mode manager of an overseas office described receiving frantic emails from headquarters requesting immediate transfer of all funds and assets back to the US.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Shutdown Push-to-Card 78

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: Why is Finance for Small Business Still Broken? Dealstruck closed its doors after more than three years in business. The shutdown was a conscious business decision.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78