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New Data: Inside Main Street SMB’s Digital Shift

PYMNTS

Confronted with the option, most SMBs chose to innovate. In Main Street On Lockdown: Business Recovery edition, we surveyed 431 SMB owners from across the U.S. Forty-two percent of them say they plan to not only keep the innovations they have adopted since the pandemic began, but also to expand them as their areas slowly reopen.

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Use This Framework for Better Bank Innovation

South State Correspondent

Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. The Problem of Bank Innovation. Framing Innovation.

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The State Of Main Street In 2020’s Second Half

PYMNTS

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. That requirement of rapid change left many Main Street merchants deeply shaken and worried about their futures.

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Canadian prepaid market bolsters innovation rail for businesses and consumers

BankInovation

Prepaid payments are primed to be the main innovation rail for the Canadian payments market, as developments in automated banking and consumer technology make headway and market size grows. The Canadian prepaid market in 2019 had $3.74

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More Main Street SMBs Face Permanent Closures

PYMNTS

But as is often the case during times of economic turbulence, the costs are being borne the most by Main Street SMBs that have been forced to furlough workers and close their doors (at least temporarily). Restaurants lead the pack among struggling Main Street merchants. business closures.

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Saving Main Street: Advocacy Groups Propose New Government Relief Programs

PYMNTS

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief. Policy put into place must target Main Street.

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Saving Main Street: How A Business School Is Helping Toronto SMB Retailers

PYMNTS

If there’s a playbook for Main Street’s migration to digital, Toronto’s Schulich School of Business is authoring a very effective chapter. In an interview with Karen Webster, Chris Carder , co-director of Entrepreneurial Studies at Schulich School of Business, outlines the story of how innovation can become teamwork. Carder said.

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