PYMNTS

OCTOBER 14, 2020

In an effort to hang on to customers during tough times, WeWork is cutting its rents as people continue to largely work from home, according to a Financial Times (FT) report Wednesday (Oct. The Softbank -backed startup has yet to make money, and the pandemic has made matters worse.

Retail 179

Retail Report Operations Online 179

Bank Innovation

JANUARY 18, 2018

EXCLUSIVE – Owe someone money, rent to pay, bills to split? What is the favored P2P method – the bank-backed Zelle app? Or social platform p2p service, Venmo? In a poll conducted by Bank Innovation via Twitter, respondents said they preferred Venmo.

Survey 199

Survey Innovation America Online 199

PYMNTS

MARCH 9, 2020

Goodlord is planning to use the money to invest in engineering, product and customer-facing teams. Goodlord’s model works to digitize the move-in process, using eSignatures, collecting rent payments online and letting tenants benefit from a tenant dashboard and more transparency. There are additional positions still open.

Capital 151

Capital Software Fintech Online 151

PYMNTS

MAY 1, 2020

The measure, enacted by Congress in March, allows recipients to use the proceeds for payroll costs, employee healthcare benefits, interest on mortgage obligations, rent, utilities and interest on any other debt. The loans do not have to be repaid if employers keep workers on the job or rehire laid-off workers. .

Taxes 175

Taxes Regulation Company Report 175

PYMNTS

NOVEMBER 13, 2018

Members are able to rent cars by the hour, the day, the week or the month. Earlier this year, the company announced the launch of a peer-to-peer car-sharing beta that allows GM owners to earn money by renting out their personal vehicles. Maven is an on-demand mobility sharing service available through an app.

San Francisco 123

San Francisco Detroit Michigan Conference 123

PYMNTS

MARCH 15, 2019

A judge has ruled that Rent-A-Center will not have to complete a $1.37 The judge hasn’t yet decided on that, but if Rent-A Center doesn’t have to pay it, that should buoy its already rising value. Riley Financial, might not even have the money if it is found liable for it, according to Loop Capital Analyst Anthony Chukumba.

Capital 108

Capital Strategy Retail Management 108

PYMNTS

APRIL 23, 2020

Some of the bigger firms receiving loans qualified during the self-certification step of the PPP process but may not actually need the money to stay afloat during the pandemic, Mnuchin said. Shake Shack had received $10 million but returned the money , stating that it had other means to acquire funds. I think they should review it.”.

Fraud 257

Fraud Meeting Company Operations 257

PYMNTS

APRIL 2, 2020

About a third of those already laid off they would stop paying rent if they couldn’t make ends meet. Others indicated they would ask family or friends for money and some said they were not sure what they were going to do. . merchants that don’t want to pay rent in full due to the coronavirus pandemic’s economic effects.

Maryland 130

Maryland Survey Meeting Examples 130

PYMNTS

JANUARY 15, 2020

Grover said it’s going to use the money to expand and attempt to scale up. Grover’s business model, of buying expensive electronic items and allowing them to be rented out, is fairly cost heavy. The company currently works out of Austria and Germany, and it plans to add more markets this year. The company was started in 2015.

Retail 131

Retail Capital Company Mobile 131

PYMNTS

JUNE 1, 2019

More American adults own their homes than rent them – fewer than two-thirds own, while a little over one-third rent. Older adults tend to own, while younger adults skew much more heavily toward renting – particularly millennials, for whom homeownership is lower than other generations at the same point in their lives. Conex Life.

San Francisco 156

San Francisco Millennials New York Wichita 156

PYMNTS

JANUARY 21, 2020

On average apartment rent rates have gone up about 36 percent in the last decade according to retail data firm Yardi Matrix , and in particularly desirable marketplaces like Denver, Austin and Seattle rents have gone up by more than 70 percent. Consumers would find it odd to leave a $5,000 cash deposit to rent a car,” he said.

Security 132

Security Denver Los Angeles Wichita 132

PYMNTS

SEPTEMBER 8, 2020

Instead of spending hundreds on an outfit that might be worn only a handful of times, she rents two blazers and one skirt, along with a pair of red-soled beauties, for under $85 for the three days that she needs them. That also means no money needed to buy, store and manage inventory. And all items are insured by the company.

Los Angeles 235

Los Angeles New York City Meeting New York 235

PYMNTS

JULY 25, 2018

has announced the launch of a peer-to-peer car-sharing beta that allows GM owners to earn money by renting out their personal vehicles. Members are able to rent cars by the hour, the day, the week or the month. Maven , the car-sharing platform run by General Motors Co. ,

Detroit 100

Detroit Michigan Chicago Training 100

PYMNTS

JANUARY 19, 2020

California, New York, and Oregon also have new tenant-focused legislation to limit rent increases and protect individuals from evictions. As other changes attract investors to disrupting current rental business models, industry source Apartment List cites rents increasing 36% nationally throughout the 2010s.

Security 139

Security New Hampshire Alabama Connecticut 139

Jeff For Banks

APRIL 4, 2024

The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account. But not until $1 trillion went from banking to money markets. Cost of funds is leveling off now.

Banking Trends 119

Banking Trends Trends Millennials Oregon 119

PYMNTS

NOVEMBER 26, 2019

Travelers (called “Happy Leavers”) are able to rent out their rooms or apartments when they are away to help pay for their trips, while other members (dubbed “Hosts on Demand”) get paid to manage the Leavy booking. That means, if a place is never rented while a member is away, the company loses money. ” The Leavy.co

Millennials 142

Millennials Community Branding Security 142

PYMNTS

MAY 7, 2020

Its revised regulations , detailed on its Frequently Asked Questions page, urges companies who have access to other financing to reconsider whether they really needed the money. They have been given until May 14 to return the loan money with no questions asked. Most SMBs say roughly 15 to 20 percent of costs are payroll-related.”.

Meeting 198

Meeting Massachusetts Regulation Maine 198

PYMNTS

JUNE 7, 2019

Traditional payment methods are common in all aspects of real estate : managing rent, moving costs, broker fees and security deposits, with the latter representing $190 billion of renters’ funds. Consumers would find it odd to leave a $5,000 cash deposit to rent a car, he noted. market alone, he said.

Security 100

Security Policies Course Payments 100

PYMNTS

JANUARY 10, 2018

The Brooklyn, New York-based company allows users to rent their stuff or skills to others for a fee. The idea is to help users tap into the commercial potential of renting their property instead of selling it once, Desai said. “My My hope is we become the Amazon of renting,” he explained. “[I

Tools 139

Tools Community Trends Examples 139

PYMNTS

AUGUST 10, 2020

However, as Simon said bluntly on the call “some people are not paying their rent.” In April and May combined, the company collected approximately 51 percent of its rent. Simon referred to July rent deferrals as minimal. As of Aug. 7, 91 percent of the tenants across the company’s U.S.

Branding 141

Branding Operations Groups Retail 141

PYMNTS

MARCH 21, 2019

When it comes to the length of time for which users can rent an article of clothing, Prew said the company has rental periods from seven days up to a month in seven-day increments. The longer users rent, however, the more substantial the discount they can have. Users also have a few options in terms of receiving the clothing.

Retail 130

Retail Millennials Company Security 130

PYMNTS

MAY 3, 2020

According to the early data on how consumers are using the $1,200 in stimulus currently flowing from the federal government, that money is by and large flowing into savings accounts. According to a survey by Cowen and Co., 31 percent of consumers plan to save their stimulus funds for a rainy day.

Georgia 314

Georgia North Dakota South Carolina Atlanta 314

PYMNTS

AUGUST 17, 2020

Hammock said it would continue to grow the breadth of lending and money offerings as the company expands and onboard more properties. For landlords the time spent trying to manage the monies for more than one property — from rent collection to bookkeeping — can cause headaches.

Technology 141

Technology Analytics Resources Lending 141

PYMNTS

SEPTEMBER 9, 2019

The company said the money came from Felix Capital, LocalGlobe and A/O PropTech among others. Would-be lessees typically go to rent a property while they are already living in a rental, which means the timing can be tough to navigate. Why Renting Makes Sense. As Allason said, renting makes more sense than owning.

United States 116

United States New York Millennials Marketing 116

PYMNTS

OCTOBER 16, 2020

“Eventually, without further government support or significant labor market improvements, jobless workers may exhaust their accumulated savings buffer, leaving them with a choice to further cut spending or fall behind on debt or rent payments,” the researchers wrote. 7, according to the research.

Study 262

Study Chicago New York Analysis 262

Abrigo

FEBRUARY 10, 2021

While some agribusinesses may prefer money coming in each year, others strategize ways to sell off the land to the developer and take advantage of the cash now. By construction, significant sums of rent (per acre, megawatt, royalty, or per wind tower) will begin to develop and continue through operations and energy generation.

Lending 195

Lending West Virginia Resources Operations 195

PYMNTS

MARCH 1, 2019

Danke will also use the money to develop additional apartments for blue-collar workers. Founder and CEO Gao Jing said in a statement that the company would continue to “respond to government calls to stabilize rent levels and promote healthy development of the rental market.”

Groups 141

Groups Capital Lending Operations 141

PYMNTS

JUNE 7, 2020

Cheese , the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports. Cheese shuttered its restaurants, ceased paying rent and furloughed a large amount of staff, WSJ reports. But when the pandemic hit, Chuck E.

Payments 267

Payments America Report Capital 267

PYMNTS

APRIL 14, 2020

The money was to include $5 million toward the Airbnb Superhost Relief Fund, which will assist hosts aiming to make ends meet for mortgages and rent on their own residences, as well as experience hosts seeking to make money during the health crisis.

Capital 174

Capital Community Meeting Report 174

PYMNTS

DECEMBER 28, 2016

Luxury apparel rental business Rent The Runway announced recently that it has closed a new $60 million equity investment Series E led by Fidelity Investments. The allure of Rent The Runway is that users can rent a piece of clothing, which might cost $500 at a retail store, for a fraction of the price.

Retail 100

Retail Capital Marketing Technology 100

PYMNTS

APRIL 7, 2020

But now some guests contend that the homesharing company is making them go through obstacles to get their money returned, CNBC reported. The money will include $5 million going to the company’s Superhost Relief Fund, which will assist hosts make ends meet for rent and mortgages on their homes.

social media 142

social media Industry Policies Community 142

PYMNTS

JULY 13, 2020

The proceeds could be used to cover working capital and operating expenses, including healthcare benefits, rent, utilities and debt payments. Since the money, which had been allocated by Congress, is depleted, the SBA will no longer make EIDL Advances to new applicants. percent interest rate for small businesses and 2.75

Capital 279

Capital Operations Industry Payments 279

PYMNTS

JANUARY 2, 2019

In addition, UCPB launched its InstaPay service in The Phillipines, and NoBroker has brought rent payments into its app in India. In The Philippines , UCPB rolled out its InstaPay service to enable customers to transfer money instantly to bank accounts, according to reports.

National 122

National Innovation Customer Experience Payments 122

PYMNTS

SEPTEMBER 29, 2020

Bloomberg predicted more landlords will kick tenants out for not paying rent, businesses will lose money after burning through reserves and financial aid, and colder temperatures will make it harder to offer safe outdoor dining and shopping. 26), the first time in months, Bloomberg reported.

New York 224

New York New York City Taxes Community 224

PYMNTS

FEBRUARY 18, 2019

Governments around the world have a new front in their fight against money laundering: real estate. Money laundering through real estate is about $1.6 Patrick Hinchin, vice president of commercial strategy at Accuity, said in the report that money laundering through real estate is becoming more common in Australia, America and the U.K.

Las Vegas 182

Las Vegas San Antonio San Diego Fort Worth 182

BankBazaar

AUGUST 10, 2020

Well, ‘Findependence’ is basically having a roof over your head (rent-free), being completely debt-free and having enough cash at your disposal to lead a happy, worry-free life. Additional Reading : Save Money And Lose Weight. You have lots of extra money to spend. Do you know where you’re spending all your money?

Cards 122

Cards US Examples Management 122

PYMNTS

MAY 8, 2020

The pandemic is also adversely impacting freelancers in the travel industry, including those who earn money by renting out their properties on homesharing websites like Airbnb. This missing money can have damaging effects on gig workers’ finances, especially while businesses are shut down due to the COVID-19 pandemic.

Software 203

Software United States Payments Company 203