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JPMC Halts Non-PPP SMB Loans

PYMNTS

The endgame is for those SMBs, most of which have had to close or drastically reduce operations to prevent the spread of the coronavirus , to be able to continue to pay employees and keep the lights on while social distancing and lockdown rules are in effect.

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PPP Resumes Operation, But Delays Continue

PYMNTS

The Paycheck Protection Program (PPP), which is intended to distribute loans to small businesses affected by coronavirus pandemic shutdowns, resumed activity on Monday (April 27) and it wasn’t even a full day before more reports of now-familiar glitches and delays resumed as well.

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Pandemic Brings Dark Days For Department Stores

PYMNTS

Then to cap it off, Sears , which has become an afterthought in the pandemic retail nightmare, announced it is closing its iconic Hackensack, New Jersey location. in general and Southern states in particular unable to control the spread of COVID-19 at this point, the scenario of yet another retail shutdown looms. billion in Q1.

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Take Me Out To The Ballgame On TV

PYMNTS

It makes perfect economic sense, but politically it will be a struggle because the players insist it’s a salary cap in disguise,” Zimbalist told PYMNTS. If the parties can negotiate an agreement for a fanless season, it would likely be a boon for restaurants continuing to offer take out while their dining rooms remain closed.

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How A Night At A Brewery Sparked A New Touchless Order To Pay Restaurant Experience

PYMNTS

And ordering experience that integrates into the restaurant’s point of sale platform that makes it technically possible for consumers to opens up a tab for they can continually add food and drink to their order in real time. “So boom, you’re right into the ordering experience.”. Every Little Bit Counts Big.

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As SMBs Grapple With Virus, No Assurance From Insurance

PYMNTS

The coronavirus continues to have reverberations across the global stage, and is especially impacting developed economies, and in particular, the small businesses that are a key foundation of those economies. To get a sense of how smaller firms are being impacted, in a situation that is fluid on a day to day (hour by hour?)

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The Frightful Five: Monster Valuation

PYMNTS

Individually, each company has a market cap greater than half a trillion dollars. Since it appears the Frightful Five will continue being frightful for quite some time, let’s take a look at what they’ve been up to this week — just in case you missed it. The shutdown will take place on April 10, 2018. Paging Dr. Bezos!