PYMNTS

APRIL 8, 2020

Those looking for a loan outside of the government’s Paycheck Protection Program (PPP) won’t find it from JPMorgan Chase , which has decided to focus solely on that program due to a huge amount of requests over the past few days, according to the Financial Times. The bank, which is the largest in the U.S.,

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Shutdown Small Business Caps Government 104

PYMNTS

AUGUST 4, 2020

What Visa witnessed worldwide within the pandemic’s first 60 days of shutdown was SMBs embracing new channels during “that really critical time,” he said. But Phalen said that what is surprising is how good SMB owners worldwide are feeling as they come out of mandated shutdowns and more or less get back to business.

Small Business 126

Small Business Shutdown Point-of-Sale (POS) Contactless Payments 126

PYMNTS

JULY 30, 2020

That’s the biggest drop in the gross domestic product since the government began tracking such data in 1947. Let’s check it out: Shutdowns Beget Mass Unemployment . The numbers popped back up as new cases of COVID-19 continue to surge and push states and municipalities to reinstitute lockdowns. percent between April and June.

Economy 114

Economy Federal Reserve Government Governance 114

PYMNTS

OCTOBER 21, 2020

The trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If That shift has underscored the banking sector’s need to have a robust and resilient tech infrastructure in place to allow banks to continue to function and continue serving customers.

Interoperability 126

Interoperability Digital Currency Cross-Border Shutdown 126

PYMNTS

DECEMBER 27, 2020

In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. and the anticipated hard shutdown will take place Jan. Miami Mayor Francis Suarez might want to make his city a hub for crypto at the government level, a report from CoinDesk says. 10, 2021 at 1 p.m.,

CBDC 101

CBDC Bitcoin Digital Currency ATM 101

PYMNTS

JUNE 19, 2020

Finance reported. “Many small businesses will continue to struggle in the weeks and months to come,” Senator Ben Cardin (D-Maryland) told Yahoo. The lawmakers say the nation’s small businesses continue to struggle as the shutdown continues. “In In the House, U.S.

Small Business 91

Small Business Shutdown Underserved Treasury 91

PYMNTS

OCTOBER 28, 2020

Switzerland reports about a third of intensive care units remain available for now, but they run the risk of filling up completely within the next 10 days if current infection rates persist, Andreas Stettbacher, a government delegate for the country’s Coordinated Medical Services, told Reuters. The Fear of More Economic Fallout.

Economy 71

Economy Shutdown Returns Government 71

PYMNTS

NOVEMBER 20, 2019

government shutdown as a key factor behind a corporate banking slowdown. “At Citi, we are arming our clients with the technology to enable expansion and sustain growth by automating key aspects of their core operations and improving the end-to-end users experience.”.

Cross-Border 83

Cross-Border Accounts Multi-Currency Reconciliation 83

PYMNTS

JULY 15, 2020

Brainard said the economy’s apparent well-being in June was mostly artificial, stemming from the efforts from the government such as the CARES Act to keep the economy afloat during the lockdown period. businesses closed forever between March and May due to the pandemic’s shutdowns.

Federal Reserve 73

Federal Reserve Shutdown Economy Fed 73

PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8 in December of last year.

Economy 56

Economy Consumer Shutdown Central Bank 56

PYMNTS

DECEMBER 27, 2018

The ECB noted that underlying inflation is forecast to increase on a gradual basis over the medium term, supported by its monetary policy measures, continued economic expansion and increasing wage growth. “Global inflationary pressures are expected to rise slowly as spare capacity diminishes.”

Central Bank 76

Central Bank Small Business Shutdown Economy 76

PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. percent, continuing a trend. Data released on Friday (Feb.

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Shutdown Federal Reserve Fed Government 49

PYMNTS

AUGUST 30, 2020

But more local and regional parks have come to see it as a boon — with the travel shutdown, parks that didn't used to even meet full capacity are now enjoying more fruitful activity, according to WSJ. An attempt by the government to quell new parks from cropping up ended up failing.

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Shutdown Government Governance Volume 72

PYMNTS

NOVEMBER 9, 2020

Simon Properties continues to defy the odds, posting a pandemic-depleted but profitable quarter Monday (Nov. We continue to improve our company through innovative investment opportunities, which, when combined with our A-rated balance sheet, sets us apart and allows us to redefine the future.”. We have withstood government shutdowns.

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Shutdown Government Governance NOV 67

PYMNTS

NOVEMBER 23, 2020

Now, amid the coronavirus crisis, many of those SMBs are getting hit even harder as supply chain disruptions, sluggish business and shutdowns have created a ripple effect of delayed invoice payments. The publication also pointed to limited effectiveness of government initiatives designed to combat late payments as another contributor.

Small Business 82

Small Business B2B Shutdown Government 82

PYMNTS

JANUARY 30, 2020

This will help reduce the unnecessary risk of virus exposure or transmission, and is the most prudent measure to take while we continue to closely monitor the situation in China,” said Michael Mullen, Kraft Heinz spokesman. Ford, JPMorgan and Kraft Heinz have all instituted travel bans to China. Oreo cookie maker Mondel?z

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Shutdown Governance Government Product 43

PYMNTS

MARCH 30, 2020

landlords are threatening to sue merchants who haven’t paid their rent because of government-mandated shutdowns due to the COVID-19 outbreak. At issue is the landlords continue to have their obligations to meet. Meanwhile, in the U.K., The rents help pay those bills.

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PYMNTS

APRIL 23, 2020

The coronavirus pandemic continues to rock the country, as another 4.43 More than 22 million jobs have been lost in the month since the pandemic began, as governments and businesses have been forced to enact shutdowns and stay-at-home orders, negating gains in the job market made since the Great Recession.

Shutdown 56

Shutdown Adjustments Government Governance 56

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. in the first quarter. so far this year.

Economy 69

Economy Returns Shutdown Small Business 69

PYMNTS

NOVEMBER 1, 2020

Apple Chief Financial Officer Luca Maestri said the reason was “the continued uncertainty around the world in the near term.”. Germany and France have enacted significant shutdowns expected to last about a month. Germany and France have enacted significant shutdowns expected to last about a month. In the U.S.,

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Shutdown NOV Economy Rules 67

PYMNTS

JUNE 26, 2020

With the new venture, the money will go toward hopefully offsetting some of the financial damage incurred by firms after the shutdowns imposed by most governments, intent on slowing the spread of the highly infectious virus. As in the U.S.

Shutdown 56

Shutdown Economy Governance Government 56

PYMNTS

SEPTEMBER 7, 2020

At the commencement of 2020, the commercial card was continuing to find its footing in a world of B2B payments in which supplier acceptance remained limited. Amid these controversies, smaller commercial card FinTech startups like Brex continued to add new competition into the market. Winter Blues. Spring’s SMB Support.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

SEPTEMBER 30, 2019

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. The company said it will close a large number of physical stores worldwide, CNBC reported on Sunday (Sept.

Shutdown 59

Shutdown Procedures Returns Governance 59

PYMNTS

AUGUST 31, 2020

The government agency said shutdowns imposed to prevent the spread of the coronavirus since late March caused the decline, the worst it has been in two dozen years. While much of the country has seen coronavirus restrictions lifted, the economy is expected to continue to struggle.

Economy 60

Economy Shutdown Government Governance 60

PYMNTS

SEPTEMBER 12, 2019

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018.

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Shutdown Economy Continuity Governance 54

PYMNTS

DECEMBER 24, 2020

From a strictly retail perspective, however, the digital shift produced three major trends, presented here with quotes from executives that appeared on our pages: direct-to-consumer sales, the continued decline of malls and department stores and the accelerated growth of Amazon, Target and Walmart. D2C Explodes. That dropped to 44.4

Economy 118

Economy Consumer On-Demand Shutdown 118

PYMNTS

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. percent and 4.4

Shutdown 46

Shutdown Economy Consumer Governance 46

PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. percent, continuing a trend. Data released on Friday (Feb.

Federal Reserve 40

Federal Reserve Shutdown Payroll Fed 40

PYMNTS

SEPTEMBER 28, 2020

At the height of the pandemic, shutdowns led to many firms closing their doors, and even with restrictions easing, many companies will never recover. With economic uncertainty and volatility expected to continue, in the world of B2B commerce, late payments and cash flow constraints will be the new normal for many companies.

Adjustments 86

Adjustments Breach B2B Shutdown 86

FICO

JANUARY 22, 2019

The longest government shutdown in US history is also a historic opportunity for banks, fintechs and bank challengers to show they’re serious about helping customers. FIs can make an even more flexible range of options available to their customers employed by the federal government.

Shutdown 40

Shutdown Payroll Assessments Government 40

PYMNTS

FEBRUARY 19, 2019

Management also said on the post-earnings call with analysts that same store sales were buoyed by the SNAP activity — short for the Supplemental Nutrition Assistance Program — where checks had been sent out in January, amid the government shutdown. SNAP-related activity helped boot comp results by several basis points.

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Shutdown Checks Governance Government 60

PYMNTS

JANUARY 31, 2019

Management took note of macro-economic factors that are still uncertain in terms of their impact on consumer spending, ranging from Brexit to continued showdowns on Capitol Hill — but thus far headed into a new fiscal year underlying trends remain strong as credit and debit spending grew, measured year over year.

Volume 67

Volume Cross-Border Cross-Border Payments Push-to-Card 67

PYMNTS

MAY 29, 2018

The Post-Courier reports that in Papua New Guinea, users of the social media giant will have to get their feeds and updates and funny videos elsewhere, as a month-long shutdown looms. We cannot allow the abuse of Facebook to continue in the country. The country has only 8.4

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Shutdown Crime Blocks Laws 40

PYMNTS

MARCH 23, 2020

While CUs have never dealt with anything quite like this or at this scale, they have been on the ground for wildfires in California, hurricanes across the southeast and the government shutdown a year ago that resembled the current crisis in many key ways. Moving Forward.

Credit Union 52

Credit Union Credit Union Service Organization Shutdown Volume 52

PYMNTS

JANUARY 23, 2019

The data from China is less than stellar, showing the slowest pace since about 1990 – and the lingering government shutdown in Washington, D.C. These plans could be the type that add to staffing counts and may tie into software upgrades – and it all translates into a ripple effect that can lead to continued problems servicing debt.

Economy 48

Economy Shutdown Push-to-Card Governance 48

PYMNTS

DECEMBER 28, 2018

“Stuff did well but so did experiences,” he said, underscoring the optimistic view that consumers in general have right now — a view that continues to hold even as tariffs threaten retail supply chains and prices, and the government shutdown and other political issues threaten to put a damper on purchasing power and consumer confidence.

Visa 62

Visa Consumer Shutdown On-Demand 62

PYMNTS

APRIL 21, 2020

It was that shortage of ventilators, hospital beds and other necessary equipment, Karen Webster noted in a conversation with ResMed ’s Chief Medical Officer Dr. Carlos Nunez, that ultimately drove the economic shutdown we are all now living through. Moreover, he noted, keeping a stockpile of ventilators is a very tricky thing.

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Shutdown Governance Government Mitigation 60