PYMNTS

DECEMBER 11, 2020

The report highlights a recovery from the COVID-19 pandemic's economic woes that has benefited Americans unevenly, favoring mostly the wealthiest people in the country as the less fortunate still struggle. The net worth of U.S. households rose 3.2 percent in the third quarter to $123.52 Household debt rose 5.6 percent to $16.4

US 266

US Report Marketing 266

PYMNTS

JANUARY 28, 2021

They have provided critical support for those developing markets during the pandemic and will continue their importance after the pandemic is in the rearview mirror, a report by Oxford Economics , commissioned by Western Union , has found. “We And to Agrawal’s point, they guard against external, economic shocks.

Innovation 294

Innovation Marketing National Report 294

PYMNTS

OCTOBER 7, 2020

Speaking on CNBC's 'Squawk Alley,' Fogel said he believes the travel industry will recover, saying there's "no reason" to wait longer for recovery because Congress took its time passing more aid right now. We need to have a great air business. Fogel's company provides airline services, including flight bookings. sat at 755,555.

Industry 242

Industry Company Report Payments 242

Abrigo

OCTOBER 21, 2021

Takeaway 1 The economic recovery's uneven pathway has made it difficult for financial institutions to plan on the timing of a Fed rate hike. . If the pandemic has taught us nothing else, it is that “typical” does not fit well in our vocabulary and that economic recovery is not a straight pathway. Economic Indicators.

Lending 195

Lending Strategy Trends Marketing 195

PYMNTS

AUGUST 3, 2020

It’s closing time for many small businesses in New York City. The New York Times said a new report from the Partnership for New York City estimated that one-third of the city’s 240,000 small businesses could close down and vanish. As the pandemic drags on and federal aid runs low, many owners are calling it quits.

New York City 157

New York City New York Report Conference 157

PYMNTS

JUNE 29, 2020

Retailers looking for the shape of an economic recovery have had several letters to choose from. There’s the “hoped for” V-shaped recovery that heralds a quick return to pre-COVID consumer spend levels. There’s the U-shaped recovery that says the return will only happen after a long period of flat sales.

Retail 130

Retail Arizona Florida Texas 130

PYMNTS

NOVEMBER 25, 2020

economic recovery has continued as Americans keep on spending on consumer goods. It was, however, good enough to keep the pandemic recovery moving forward. triggering various lockdowns and business shutdowns across the nation. Consumer spending, in fact, amounts to more than two-thirds of economic activity in the U.S.

US 143

US Conference Survey National 143

PYMNTS

JULY 13, 2020

A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. percent interest rate for small businesses and 2.75

Capital 279

Capital Operations Industry Payments 279

PYMNTS

SEPTEMBER 23, 2020

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to more businesses in Europe. Small businesses can have immediate access to their PayPal funds and unlimited 0.5 To that end, we want to make it as simple and convenient as possible for businesses to access their funds. In the U.S.,

Cards 363

Cards United States ATM Retail 363

Perficient

MAY 5, 2022

Fortunately, at Perficient, we quickly realized the dire economic situation and the challenges financial institutions and their customers faced. The IDC Market Glance offers an overview of the landscape for consumer and small business digital lending. And for good. IDC’s Take on Lending Digital Transformation Strategies.

Lending 354

Lending Strategy Marketing Big Data 354

PYMNTS

APRIL 10, 2020

A quick recovery may be in the cards. Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. But so might a “false start.”. Thursday morning, the U.S. It’s all meant to shore up the U.S.

Lending 338

Lending Maine New York Survey 338

PYMNTS

OCTOBER 6, 2020

at an event honoring London School of Economics — her alma mater — on its 125th anniversary. “We And we continue to project a partial and uneven recovery in 2021.”. 13 release of its next “World Economic Outlook.”. 13 release of its next “World Economic Outlook.”. China is experiencing a faster-than-expected recovery.

Management 173

Management United States Washington Resources 173

PYMNTS

APRIL 29, 2020

Businesses operating — on site. To see an economic recovery emerge from the devastation of the coronavirus — no matter where you look — the demand shock must abate. Might the consumer recovery start small — as in, very small? Starbucks said earlier in the week that it is eyeing a recovery in China by the end of September.

Conference 154

Conference Retail New York Cards 154

Bobsguide

JULY 15, 2020

In the UK, SMEs make up 98 percent of private sector businesses, and employ more than 16 million people. Evidently, small businesses and startups will be a vital part of the UK’s economic recovery. The pandemic, though primarily a human tragedy, is wreaking havoc on jobs and economies globally.

135

135

PYMNTS

NOVEMBER 10, 2020

Job retraining and new skill sets are necessary in order to promote economic growth in the U.S., 13) “Strengthening Economic Resiliency: Investing in the American Worker” virtual event. . “The 13) “Strengthening Economic Resiliency: Investing in the American Worker” virtual event. . “We The upended U.S. The upended U.S.

Philadelphia 218

Philadelphia Training Taxes Survey 218

PYMNTS

JUNE 22, 2020

To be clear: We’re not talking about the economic theory that posits that incenting business and relatively wealthier individuals to spend — chiefly through tax cuts — benefits just about everyone. And as the spending is curbed, from the top down, the economic recovery may be pushed out a ways, or even stalled.

California 227

California Taxes Analysis Study 227

PYMNTS

JUNE 26, 2020

consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the threat of another wave of economic disruption as coronavirus infections surge in the Sunbelt and now in California as well. Consumer spending jumped 8.2 percent in May, the U.S.

Florida 254

Florida Texas California Analysis 254

PYMNTS

MAY 14, 2020

Goldman is still optimistic about the rebound, though, with companies starting to ease back into doing regular business and consumers, if slowly, returning to shopping. There’s a 29 percent bounce-back predicted for the third quarter, which could represent a ‘V-shaped’ arc for recovery as the pandemic eases up, Goldman said.

US 130

US Analysis National Report 130

PYMNTS

JULY 29, 2020

Federal Reserve Chair Jerome Powell said Wednesday (July 29) that the road to economic recovery is “extraordinarily uncertain” and will be heavily influenced by how well the country keeps the pandemic under control. In addition, recent labor market indicators show slowing in job growth, particularly among smaller businesses. “A

South Carolina 134

South Carolina Arizona Georgia Conference 134

PYMNTS

NOVEMBER 10, 2020

“We believe the outcome in California is a win-win-win,” Green said, noting that the measure is good for drivers, riders and the state’s economic recovery. Green noted that recovery trends vary locally throughout North America, reflecting differences in responses to the pandemic.

California 153

California America Policies Community 153

PYMNTS

MAY 21, 2020

New York Federal Reserve Bank President John Williams said economic data is likely to be worse as the impact of COVID-19 becomes clearer, Reuters reported. What we don’t know is what the shape or timescale of the recovery will be,” Williams said during a webinar organized by business groups in New York on Thursday (May 21).

Tools 220

Tools New York Industry Report 220

PYMNTS

JULY 19, 2020

As the virus has reemerged leading to business shutdowns for a second time, furloughs are becoming permanent, and production has been put off. As a result, thoughts of a recovery anytime soon have been put on hold, The Wall Street Journal (WSJ) reported. “We Other businesses have been able to pivot. economy won’t be an easy one.

Company 175

Company US Philadelphia New York 175

PYMNTS

JANUARY 15, 2021

European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy. The crisis is not over, and its economic impacts have still to fully emerge,” Irish Governor Gabriel Makhlouf told the panel, according to Bloomberg.

Maine 153

Maine Capital Report Mobile 153

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. It takes something truly special to be a partner with a small business, and that's something community banks have the ability to do.".

Community 193

Community Community Bank Regional Lending 193

PYMNTS

JUNE 16, 2020

Zombie companies are those that remain in business but are so deeply in debt that they’ll never catch up. economic recovery. Even Federal Reserve Chair Jerome Powell said Tuesday the longer the country’s economic downtown persists the potential for more long-term damage to the economy. In an age where U.S.

Company 214

Company US Policies Course 214

PYMNTS

SEPTEMBER 28, 2020

As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. There can be an economic impact from that sadness — and a lack of spending.”. economy in general. The liquidity challenges are towering, he said.

Fintech 291

Fintech Examples Industry Management 291

PYMNTS

MAY 20, 2020

Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. It is more likely the economy’s recovery post-pandemic will be more of a U- or “extended U”-shape, not a “V-shape” with a quick bounce back to normal, he told CNBC on Wednesday (May 20).

Atlanta 227

Atlanta National Examples Marketing 227

PYMNTS

AUGUST 3, 2020

Will saving for a rainy day today lead to economic clouds just a bit down the road? recipients of economic aid are being judicious about how they spend the funding being extended by the government. Economic recovery payments were lower, even as personal spending was up $738 billion (or 6 percent). Department of Commerce.

Survey 195

Survey Course Cards Washington 195

PYMNTS

DECEMBER 14, 2020

And just weeks after they could open for limited business, malls and department stores are threatened with another nonessential retail shutdown as the virus surge rages on. recovery. “We The season has been pulled forward, leaving these final 10 days up in the air. Shipping delays are threatening the digital-first economy.

Retail 223

Retail Study Online Tools 223

PYMNTS

OCTOBER 18, 2020

18), which Reuters writes signals a recovery of domestic demand. Continued recovery is anticipated, which will benefit the global recovery.”. The fiscal and monetary policies from China will help small and medium-sized businesses (SMBs) survive the economic effects of the crisis.

Policies 159

Policies Data Marketing Report 159

PYMNTS

SEPTEMBER 17, 2020

NexaCollect , which helps businesses locate collection agencies, has rolled out a mobile app for Android that is available on the Google Play store, according to an announcement. However, it noted that “legal recovery” might be required at a later point in time.

Google 159

Google Meeting Company Mobile 159

PYMNTS

APRIL 12, 2020

The newest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (TIGER) shows that, with the coronavirus pandemic, the world is now facing the most serious challenge since World War II ended. And, the update says, the worst is likely still to come. While the U.S.

Report 189

Report Maine Strategy System 189

PYMNTS

JANUARY 13, 2021

12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods. Starbucks announced on Tuesday (Jan. Lightfoot was quoted in the release as saying.

San Francisco 226

San Francisco New York City Chicago Atlanta 226

PYMNTS

APRIL 28, 2020

After many weeks and months of social distancing, the world is now actively and audibly wondering when the economic recovery will begin. The recovery, he contends, is already underway. I’d even hesitate to use the word ‘recovery’ because it implies that there’s a stop to the crisis and a start to the recovery.

Maine 273

Maine Payments Innovation Customer Experience 273

PYMNTS

JUNE 29, 2020

In Powell’s opinion, the full recovery is not likely so long as people are afraid to go out for fear of catching the coronavirus. While this bounceback in economic activity is welcome, it also presents new challenges — notably, the need to keep the virus in check.”.

United States 205

United States Report 205

PYMNTS

JULY 10, 2020

Back in late March when the pandemic first started to lock down retailing, PYMNTS published the first in a series of tracking reports showing clear evidence that the overwhelming factor in economic recovery would be one thing: COVID-19 and the ability to mitigate its effects.

Retail 150

Retail South Carolina New York Arizona 150

PYMNTS

APRIL 7, 2020

A fairly quick recovery remains possible if containment measures don’t need to be upheld for a long time and if a wave of bankruptcies and mass unemployment are averted,” Rehn said. In this scenario, economic recovery is expected to move fast; the expansion rate in 2021 could be 6.9 percent in 2021.

Data 150

Data Report 150