PYMNTS

APRIL 27, 2020

The lockdown has created an increased demand for grocery items and other necessities while “binge buying” led to shortages caused by supply chain issues. . The report cites “lower volumes, falling freight rates and lower fuel prices” as the reasons. Bank National Spend Index indicated a decline of 2.5 percent and further declined 3.7

Shutdown 52

Shutdown Payments Volume On-Demand 52

PYMNTS

JULY 1, 2020

Grappling with such increased demand with fewer resources might make it challenging for banks to satisfy at least some regulatory requirements, such as data privacy. Conference of Mayors and the National Association of Governors that local shutdown orders “potentially threaten the stability and orderly functioning of the financial system.”.

OCC 66

OCC Compliance Risk Office of the Comptroller of the Currency 66

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. A Focus on Contactless Commerce.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

MARCH 30, 2020

For them, it all depends on how long the current lockdown/shutdown lasts and when consumer demand will return — and at what level. Many had few choices but to shift the financial burden to their employees given the abrupt lack of demand for and/or access to their products or services. A third (33 percent) aren’t sure they will.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

PYMNTS

JUNE 19, 2020

One installment payment app saw a record year-to-date high on April 5, when app-enabled purchasing volumes at specialty home furnishing stores was 111 percent higher than the daily average for 2020. Also, furniture stores registered a year-to-date high on April 10, with transaction volumes up 61 percent compared to the daily 2020 average.

Consumer 60

Consumer BNPL On-Demand Shutdown 60

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

Commercial Card 81

Commercial Card B2B Visa Issuers 81

PYMNTS

JANUARY 25, 2019

The food on-demand delivery startup announced — rather abruptly — earlier this week that it was shutting down its services immediately. Munchery has tried for years to find the right secret sauce to ignite its on-demand food delivery business, but never quite got the scale with users it was looking for. between them.

On-Demand 49

On-Demand AI SWIFT Shutdown 49

PYMNTS

APRIL 27, 2020

There was, of course, a rocky start that found big banks and other lenders less-than-ready to meet the demand deluge. There was confusion about just what the lending program demanded, in terms of documentation, or how the funds should or could be used. Web sites crashed, hobbling the application process. Another 16.5 percent of SMBs).

On-Demand 67

On-Demand Small Business Shutdown Payroll 67

PYMNTS

MAY 8, 2020

For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. It is not quite the case that this has broken down into a “winners” and “losers” situation — as there have assuredly been no winners.

Economy 75

Economy PayPal Payments Push-to-Card 75

PYMNTS

MARCH 6, 2020

Given how much spending volume is typically driven by travel, that means there will be downstream effects for entities like card networks. 1, 2019, there was no shortage of predictions about which stories would drive payments, commerce and the global financial ecosystem. Costs And Benefits.

Online and Mobile Banking 60

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

PYMNTS

JUNE 19, 2018

After talking to many of our merchant partners, we determined that there’s demand from shoppers to buy with Affirm no matter what they are purchasing, especially in fashion,” said Rob Pfeifer, chief revenue officer at Affirm. The agreement comes after Rent-A-Center rejected a similar $15-per-share deal from Vintage nearly a year ago.

Shutdown 41

Shutdown On-Demand Consumer Agreements 41

PYMNTS

MAY 8, 2020

Reaching out online is helping clubs endure the shutdown. Instructors are now working to stream classes online in real time or on demand, and trainers are staying in touch with clients via phone or video calls. He said he believes the industry will rebound but that its businesses will not look the same in the post-COVID-19 era.

Facilitators 65

Facilitators Risk Returns Shutdown 65

EBizCharge

JUNE 6, 2025

have experienced a significant surge, fueled by a combination of shifting consumer interests, legislative discussions, and growing demand for personal protection and outdoor recreational activities. As the volume of online firearm transactions increases, so does the need for reliable, secure, and firearm-friendly payment solutions.

Payment Gateways 52

Payment Gateways Gateways Payments Risk 52

CB Insights

JULY 17, 2018

As more customers expect on-demand ordering, big players have struck deals with startups like UberEATS and GrubHub to ensure greater reach and retain existing customers. North 3rd Street Market opened in Williamsburg, Brooklyn, in May 2018, just in time for the dreaded L train shutdown. Americans dine out more than ever before.

On-Demand 69

On-Demand Automation Origination Fed 69

CB Insights

OCTOBER 31, 2017

Of his many failed experiments, Thomas Edison once said: “ I have learned fifty thousand ways it cannot be done and therefore I am fifty thousand times nearer the final successful experiment.” in total funding closed). ” So why do so many startups flame out? 2017 Third Update (10/31/17). 2017 Second Update (6/9/17).

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

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

PYMNTS

MAY 4, 2020

A decision to reopen, even partially, must weigh the economic impact of keeping the economy locked down against the availability and effectiveness of treatments that will mitigate or eliminate the risk of another serious outbreak, as well as illness and deaths, within months of reopening – and the potential for another shutdown.

Economy 83

Economy Consumer Risk Returns 83