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Singapore Businesses Struggle To Get Paid Following Wirecard Shutdown

PYMNTS

Singapore businesses are struggling to get paid following the shutdown of German payment processing firm Wirecard, according to a Monday (Oct. Since the shutdown, Singapore businesses have pushed to process payments for such things as telephone bills and restaurant meals. . 12) report in the Financial Times.

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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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Credit Unions, ATMs And The Great Digital Banking Shift

PYMNTS

But for credit-union servicer CO-OP Financial Services , an 18-month effort to stand up a 150,000-person call center came to fruition in mid-March, just days before shutdowns began going into effect nationwide. In some cases, we had 150 percent of the volume that we had seen daily in the days before [the pandemic].

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Wells Fargo On What It Will Take To Revive The SMB Economy

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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.

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BoA: Big Restaurants Are Recovering Quicker From Pandemic

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Gregory Francfort and JonMichael Shekian , BoA analysts, looked at transaction data from BoA credit and debit card holders to see how people were spending at restaurants. Gregory Francfort and JonMichael Shekian , BoA analysts, looked at transaction data from BoA credit and debit card holders to see how people were spending at restaurants.

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Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings

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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. And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In

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Amazon Gains Ground In Holdout Markets

PYMNTS

But that’s changing by the day, pushed by the strict lockdowns and shutdowns of the physical commerce sphere as the pandemic hit Italy incredibly hard in early spring and held on for weeks. The reality of Amazon, however, is a lot more complicated. So, what’s the hold up? based consumers.