PYMNTS

FEBRUARY 12, 2020

The annual event generally brings 100,000 visitors to Barcelona, and its sudden cancellation will reportedly cost the Spanish economy roughly $500 million. MWC is the latest bite that COVID-19 has taken out of the global economy, but it isn’t the first and, more likely than not, will not be the last. 24 through Feb.

Economy 57

Economy Small Business Shutdown On-Demand 57

PYMNTS

MAY 6, 2019

Morgan Stanley will send the Russian central bank a notice that it’s going to formally close of all of its banking operations in the country in the first quarter of 2020, according to a report by Reuters. The news came in the company’s annual report, as it had announced last year that it was doing the voluntary shutdown at some point.

Shutdown 43

Shutdown Central Bank Privacy Consulting 43

PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

Economy Returns Shutdown Small Business 69

PYMNTS

JANUARY 8, 2021

In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel. With 2020 such a volatile year, small businesses' financials took a hard hit. Helping SMBs Help Themselves.

Finance 92

Finance Small Business Shutdown Credit Union 92

PYMNTS

APRIL 29, 2020

The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” said Lawrence Yun, NAR’s chief economist, in a statement. . The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” Yun said. “As

Shutdown 56

Shutdown Economy Consumer 56

PYMNTS

OCTOBER 20, 2020

Business roadmaps predating 2020 aren’t much use these days, however, as COVID has altered the terrain. Very recently, the fourth annual How We Will Pay 2020 study, done by PYMNTS in collaboration with Visa (more from that in a minute) gave new context to the shifters. At least in 2020, we know where people are shopping.

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

OCTOBER 16, 2020

The latest in the series, Pandenomics: Main Street’s Six-Month Checkpoint , found that for small and medium-sized businesses (SMBs), “Another shutdown could bring them to the brink of closure. The very air abounds in examples these days, few better than Shopify. million, a 97 percent increase from 2019.

Consumer 84

Consumer Shutdown Product Volume 84

PYMNTS

MARCH 12, 2020

There seem to be countless sources of collateral damage associated with the unexpected appearance of COVID-19 in early 2020 – the shutdown of production in China, the ripples through the global supply chain, the virtual zeroing out of the travel and events vertical and the carnage on Wall Street.

Innovation 113

Innovation Cross-Border Shutdown Economy 113

PYMNTS

JULY 29, 2020

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. The world has moved to a digital-first economy and I don’t think there is any going back,” Schulman said.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

SEPTEMBER 22, 2020

22) that long-postponed Amazon Prime Day 2020 will be now be held Oct. It has waited long enough to see shipment times improve on non-essential items across most regions, but not so long that it’ll compete with its own early Black Friday 2020 deals. In addition to its desire to dominate the whole U.S. 13 through 14.

Shutdown 67

Shutdown Economy Risk Continuity 67

PYMNTS

MAY 7, 2020

Disney, for example, reported earlier this week that it has lost roughly $1 billion each day since the start of the shutdown. April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. The first quarter of 2020 also saw payment transactions pickup by 20 percent to 1.2 PayPal added 7.4 billion from $4.13

PayPal 99

PayPal Transactions Process Venmo 99

PYMNTS

SEPTEMBER 7, 2020

The difference is in the way the shutdowns earlier this year spurred demands for trucks that could withstand rougher terrains as Americans turned more to vehicles ready for road trips to get out of the house. Car sales are down 19.8 percent, according to stats from Motor Intelligence.

Shutdown 71

Shutdown On-Demand Research Economy 71

PYMNTS

DECEMBER 31, 2020

Take a look (and have a listen) at our 10 favorite podcasts from 2020. Is 2020 Healthcare’s Year To #KillTheCheck? With unemployment soaring and the economy in a free fall, Gerber noted the inevitable reality that companies would be inundated with disputes, cancellations and demands for refunds from consumers.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

APRIL 17, 2020

However, there is one lesson that is already becoming clear from 2020’s black swan event, as businesses safeguard against future disasters — in our interconnected world, one cannot be prepared for the worst without taking into consideration the disruption of both supply and demand. Still, there were some factors preventing total shutdown.

On-Demand 92

On-Demand Shutdown Volume Procedures 92

PYMNTS

APRIL 30, 2020

TrendForce blamed the production levels on pandemic-induced disruptions across the supply chain, including plant shutdowns and material shortages. billion units in 2020, an 11.3 It forecasted total yearly production volume of 1.24 percent year-over-year decrease. In Q1, Vivo Communication Technology Co.

Product 60

Product Shutdown Volume Technology 60

PYMNTS

APRIL 27, 2020

Shipments and spending were down in the first quarter of 2020 compared to the fourth quarter of 2019, according to the U.S. The economy is expected to take a hit, and we’ll see the effects into the second quarter as supply chains continue to catch up.”. Bancorp Freight Payment Indexes. The shipments index increased 3.8

Shutdown 52

Shutdown Payments Volume On-Demand 52

PYMNTS

JUNE 17, 2020

home construction collapsed in March, the sector rebounded in May after steep declines caused by COVID-19 shutdowns, according to the U.S. As the nation reopens, housing is well-positioned to lead the economy forward,” said NAHB Chairman Dean Mon, a home builder and developer from Shrewsbury, N.J., For the first time since U.S.

Adjustments 56

Adjustments Shutdown Economy On-Demand 56

PYMNTS

MAY 4, 2020

Uber said the shutdowns will take place by June 4, affecting “50 full-time roles.” The discontinued and transitioned operations only represent 1 percent of Uber Eats’ “gross bookings” in the first quarter of 2020, along with 4 percent of its “adjusted core earnings losses.”.

Shutdown 64

Shutdown Adjustments Regulations Continuity 64

PYMNTS

JULY 9, 2020

As the shutdowns mandated that dine-in services end, the smaller establishments were hit harder as they lost the primary way they were used to making money. The discrepancy comes from the inherent differences in the two types of establishments. The coalition is pushing for a $120 billion bailout fund for those restaurants.

Shutdown 63

Shutdown Push-to-Card Debit Card Innovation 63

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. But that’s accelerating as the pandemic created a whole new set of preferences about how consumers want to pay.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 56

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. But that’s accelerating as the pandemic created a whole new set of preferences about how consumers want to pay.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

PYMNTS

MAY 1, 2020

Normal is not coming back, or at least not in the form we all knew it in January 2020. It is through that process more than anything else that the economy in the U.S. They’ve changed, pushed by the necessity of social distancing to try new things and experiment with new patterns. What SMBs Really Want When They Go Digital? Everything.

Shutdown 77

Shutdown Innovation Consumer Economy 77

PYMNTS

JANUARY 17, 2021

It was supposed to be a compelling option for consumers in the connected economy, but the subscription model for automobiles is hitting some speed bumps as BMW and Audi are pulling back on their programs. The Book by Cadillac website says Cadillac “will be debuting a new program in early 2020.” Down but Not Out. percent to $39,259.

On-Demand 81

On-Demand Shutdown Consumer Finance 81

PYMNTS

MARCH 14, 2019

government shutdown was singled out as a key factor behind a corporate banking slowdown at the start of 2019, according to Citigroup Chief Financial Officer Mark Mason, who took up the position only weeks ago. In a separate survey, 71 percent of CFOs and presidents at banks said they aren’t expecting a recession to come until 2020.

Shutdown 43

Shutdown Treasury Cash Management Faster Payments 43

PYMNTS

MARCH 30, 2020

For most SMBs , 2019 was a banner year, and 2020 was expected to be nothing less than spectacular. The boutique shops that lined Main Street USA, which got nearly all of their business face-to-face in their stores, expected that 2020 would be another great year. Consumer spending was strong, as were their household balance sheets.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

PYMNTS

NOVEMBER 16, 2020

is relatively stable and, honestly, somewhat relatively better than we might have feared back in the height of the pandemic in the second quarter of 2020,” Marianne Lake, chief executive officer for consumer lending at J.P. Second, it is trying to participate in the digital-first economy, and analysts will be looking for a big jump.

NOV 56

NOV Shutdown Addressing Economy 56

PYMNTS

JULY 7, 2020

Then, just when everyone was really making money again, along comes COVID-19, wiping out the economy yet again, and within recent living memory no less. The June 2020 Next-Gen Debit Tracker® examines the current state of debit in numerous contexts, perhaps none so important as guaranteeing great consumer experience and security.

Credit Cards 54

Credit Cards Debit Card Push-to-Card Card Issuer 54

PYMNTS

SEPTEMBER 21, 2020

They started 2020 with high hopes and big plans, found themselves brought up short by the near-total economic shutdown of mid-March and were forced to pivot post-haste to stay in the game at all.

Shutdown 83

Shutdown Risk Faster Payments Finance 83

PYMNTS

MARCH 6, 2020

Trade disputes, the connected economy, new banks, cryptocurrency, mobile wallets, instant payments, trade disputes, mergers and acquisitions, biometrics, synthetic identity fraud — we could literally go on and on. Those firms are going to be disproportionately affected,” he said.

Online and Mobile Banking 60

Online and Mobile Banking Disputes Economy Push-to-Card 60

PYMNTS

APRIL 16, 2020

Given the full-scale shutdown in the U.S. and around the world, the focus for everyone has to be on battling back the coronavirus first and re-opening the economy second. Though Q1 2020 had been forecast to produce continued and perhaps even strengthened spending activity, the coronavirus quickly reversed that course. “We

Volume 63

Volume Push-to-Card Direct Deposit Shutdown 63

PYMNTS

JUNE 8, 2020

That’s good news, because of all of the things people have missed during the shutdown, many sports fans have suffered especially acutely. It almost sounds like the setup to an early 1990s advertisement for Disney World: “Your league has just survived a black swan health crisis that shut down the entire American economy.

Returns 53

Returns Agreements Shutdown Compromise 53

PYMNTS

MAY 4, 2020

Or at least that was what it estimated in 2018 — a 2020 update of those figures taking into account the tens of millions of Americans out of work, shutdown economy and the general uncertainty about when recovery will begin in earnest, and what that recovery will look like would likely increase that figure.

Push-to-Card 56

Push-to-Card Compromise Laws Shutdown 56

PYMNTS

JULY 2, 2020

Even before any official shutdowns, 43.8 In the following weeks, Americans witnessed a blazing-hot economy reduced to a bed of coals astoundingly quickly. economy, typified by the looming failure of millions of Main Street small businesses. “By The one thing everyone agrees on is that the second half of 2020 is still a mystery.

Returns 52

Returns Consumer Research Shutdown 52

PYMNTS

DECEMBER 16, 2020

Small and medium-sized businesses (SMBs) have unfortunately found themselves at or near the top of COVID-19’s 2020 hit list. Main Street SMBs across the board are fairly optimistic about the return to normal in the economy – largely premised, it seems, on the recent news of vaccine development.

On-Demand 112

On-Demand Shutdown Returns Economy 112

PYMNTS

DECEMBER 24, 2020

On the whole, Karen Webster noted on New Years Day, 2020, making predictions at this time of year is irresistible, risky business. But no one was predicting a global pandemic that would shutdown the travel industry, events and physical retail. Which may explain why many predictions are wishy-washy or soon proved wrong,” she noted.

Economy 82

Economy Consumer Shutdown Transactions 82

PYMNTS

JULY 18, 2020

It’s been 129 days since the NBA officially announced its shutdown and played its last regular-season game of 2020. And for those players, it really will be a small world after all – as players, coaches, team staff and anyone actively participating in the remainder of the 2020 season will be quarantined together.

Shutdown 77

Shutdown Ubiquitous On-Demand Caps 77

PYMNTS

NOVEMBER 24, 2020

With restaurant dining rooms closed and Americans forced to rely on their own abilities as home chefs over the last eight months, meal kits have caught a second wind in the pandemic economy. Grocery retailers and restaurants hit hard by the pandemic have also looked to meal kits as a potential business to pursue during the shutdowns.

Economy 85

Economy On-Demand Shutdown Consumer 85