PYMNTS

MAY 13, 2020

The average business has in excess of $10,000 in monthly expenses and barely enough cash on hand to survive a month, according to the National Bureau Of Economic Research ( NBER ). The Mountain region was least affected, with 39 percent of firms temporarily closed.

Illinois 144

Illinois Chicago National Survey 144

PYMNTS

MAY 6, 2020

The latest in PYMNTS’ ongoing series of pandemic surveys and reports, Main Street on Lockdown: Reinventing the Road to Recovery , notes that the majority of SMBs that applied for PPP loans did so at larger national and regional banks, perhaps under the impression that larger financial institutions (FIs) have a better understanding of the program.

Regional 138

Regional National Maine Survey 138

PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. Some national watchdogs offer these controlled environments (or “sandboxes”) to FinTech firms for testing new applications on real customers. As the European Union (EU) prepares for the U.K.’s

Fintech 136

Fintech blockchain Maine Guidelines 136

PYMNTS

AUGUST 5, 2020

By region, Diageo’s Asia sales saw the biggest drop at 16 percent. The company attributed that to the fact that many countries in that region not only shuttered bars and restaurants, but also liquor stores. However, not all regions showed declines: North America bucked the trend and saw its sales rise 2 percent.

South Carolina 140

South Carolina US America Regional 140

PYMNTS

OCTOBER 10, 2017

One of the FSB’s 31 regional councils will put forward a no-confidence vote during the national council meeting this week, the publication said, as some supporters express doubt over the Federation’s plans to shake up its membership structure. He added that the FSB’s leaders are gradually consolidating power to its board of directors.

Regional 100

Regional Meeting National Maine 100

PYMNTS

MAY 21, 2020

A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”. So a retail CBDC is now [the ECB’s] main focus.”. “A central entity may implement a monetary policy and issue currency.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

APRIL 26, 2016

And while we at PYMNTS can’t do much for conclusive, we can at least offer something on the cohesive front since we’ve spent this primary following the Main Street businesses that constitute the backbone of the American economy. at large or the region. percent and regionally as a benchmark at 2.3 percent growth.

Rhode Island 100

Rhode Island Connecticut Maryland Regional 100

PYMNTS

SEPTEMBER 15, 2020

In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. The ECB commentary, we contend, solidifies at least some regional approaches to CBDCs, but retail use cases may be gaining favor.

Boston 227

Boston Retail Meeting Maine 227

PYMNTS

DECEMBER 2, 2019

The technology has had its fair share of controversy, especially in the region of Xinjiang, where it has been used to spy on the area’s Uighur Muslims. The law doesn’t say anything about nationality or mobile virtual network operators, which are in the business of reselling services.

Policies 130

Policies Mobile Maine Fraud 130

PYMNTS

NOVEMBER 6, 2019

Charlie Baker said he is glad Amazon is planning to “increase their substantial presence” in the state, which is a base for a “nation-leading innovation economy with a highly educated and skilled workforce.”. The new facility will be in addition to the Amazon Robotics site in North Reading, Massachusetts. Massachusetts Gov.

Boston 161

Boston Innovation Massachusetts Maine 161

South State Correspondent

JANUARY 18, 2023

There are four main reasons why prepayment provisions increase profitability for banks. It is a standard provision at most national and larger regional banks that offer long-term fixed-rate financing. In this article, while we have discussed how to sell prepayment penalties in the past, we now look at their current importance.

Community Bank 195

Community Bank Examples Community How To 195

PYMNTS

MAY 3, 2016

On nearly every available metric, Indiana has outpaced both the national results and its regional peers – though the growth has hardly been stellar. percent for the nation as a whole. Likewise, the growth in establishments themselves signals a sanguine view of the local economy, on Main Street, where 2.4

Indiana 100

Indiana Regional National Maine 100

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

NOVEMBER 16, 2018

While spending at QSRs is on the rise nationally, certain geographic regions appear to be more receptive than others to adopting mobile and connected ordering. In regions like the Midwest, Southwest and West, meanwhile, growth lags behind the country’s mean. About The Playbook .

Mobile 172

Mobile Report Regional United States 172

PYMNTS

FEBRUARY 13, 2020

Other, Individual presentations (with just three of the main markets noted below) delved into the market specific opportunities by region and country, detailing total addressable markets that stretch into the trillions of dollars. Of the unbanked population, he said “that’s one-quarter of all adults in the region.” The Consumer.

Payments 163

Payments Regional America Cards 163

PYMNTS

MAY 22, 2020

The National Retail Federation (NRF) and other groups have released guidelines for store operation and design today (May 22) as members begin to come back from the economic devastation of the pandemic. In a word, the main message is about flexibility.

Retail 148

Retail Guidelines National Customer Experience 148

South State Correspondent

AUGUST 21, 2022

In talking to community bankers, here are the main reasons community banks have chosen a loan-level hedging program: Improved Credit Quality: Banks can stabilize the borrower’s debt service coverage ratio (DSCR). Eliminate Interest Rate Risk: Eliminate margin compression when interest rates rise.

How To 195

How To Community Bank Community FDIC 195

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.”

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

MARCH 19, 2019

However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain. Michael Taylor, Moody’s chief credit officer for the Asia-Pacific region, expects those defaults to rise again in 2o19. As a result, outstanding loans in the sector fell to ¥61.3 trillion ($9.1

Lending 100

Lending Regulation Maine Regional 100

PYMNTS

AUGUST 1, 2018

The center’s Task Force on Main Street Finance — co-chaired by former Senator Olympia Snowe, former U.S. It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement. A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S.

Policies 100

Policies Report Regulation Maine 100

South State Correspondent

JANUARY 22, 2023

We outlined the four main reasons why prepayment provisions increase profitability for banks. In a previous article ( here ), we discussed why commercial loan prepayment protection would be a critical return on asset (ROA) driver for community banks in 2023. The greater fool theory breaks down in a recession.

Community Bank 195

Community Bank Community Capital Maine 195

PYMNTS

JANUARY 3, 2019

That’s because those threats are relatively localized, and don’t take into account the risk of hackers (especially those backed by organized militaries and nation-states) taking down key infrastructures. After all, what good is a banking system without a functioning electrical grid? Big Mindsets.

National 169

National Security Risk Management Fraud 169

PYMNTS

OCTOBER 4, 2019

Such identity solutions were once exclusively the domain of wealthy, technologically advanced nations, but are spreading to countries like Nigeria and Sierra Leone, which have recently begun harnessing digital channels. Government-issued digital identities are not just the realm of sovereign nations. About The Tracker.

Online 144

Online Ohio Knowledge Base Regional 144

PYMNTS

DECEMBER 16, 2016

The former Soviet Union republic may be known for manufacturing tractors, but the region has its eye on becoming Eastern Europe’s Silicon Valley. This week, our Tech Center Roundup heads to Belarus to see how the nation has become one of the largest and most established places in Europe for information technology outsourcing.

Taxes 100

Taxes National Maine Regional 100

PYMNTS

MARCH 26, 2019

“That’s kind of … the future that we see as well,” Xiao said, adding he believes that, in addition to online and app ordering, voice ordering will be one of the main drivers. The company is targeting both regional and national businesses with a minimum of 10 locations.

Technology 121

Technology Maine Study Google 121

PYMNTS

JULY 5, 2017

citizens’ data or national security. attention on Europe, with the desire to gain a post, or perhaps outpost, in payments processing in the region. Adyen operates in the Netherlands, which means that it has roots in the region. Regulatory concerns have hinged on whether there is, may be, or could be risk to U.S.

Regional 101

Regional United States Payments New York 101

PYMNTS

NOVEMBER 10, 2020

The central bank and several other commercial banks collaborated on a cross-border bank account offering that Pakistanis overseas can use to store rupees and foreign currencies as well as to pay bills and make other transactions in the nation.

Report 216

Report Fintech United States Meeting 216

PYMNTS

JULY 21, 2020

Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems. Many nations in the region are thus examining their open banking proposals to ensure they address this behavior.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

MARCH 9, 2020

A French hospital, in one case, noted that nearly 2,000 surgical masks were removed from its main operating room, while a trauma doctor reportedly took 12 boxes of masks from a storage room at a hospital in Spain. All of the nation’s schools were previously shuttered until mid-March.

Policies 141

Policies New York San Francisco Seattle 141

South State Correspondent

JANUARY 4, 2023

Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position. As a result, national banks are eroding the customer base of the community bank. That market share has come mainly from regional and community banks. Conclusion.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

JUNE 27, 2019

When small business (SMB) investment marketplace MainVest announced a $3 million Seed funding round last week, it did something that many Main Street SMBs cannot do. In this effort, the platform is turning to regional and national economic development organizations to promote education on both sides.

Capital 145

Capital Community Oklahoma Maine 145

PYMNTS

DECEMBER 4, 2019

The honey-based fermented beverage (sometimes called “honey wine” though dedicated mead drinkers affirm that mead is a fundamentally different drink than wine) has been something of a niche or regional favorite for the last five or so centuries. . But the 21st century has seen something of a mead renaissance. million in revenue.

Innovation 137

Innovation Phoenix Arizona Maine 137

PYMNTS

JULY 24, 2020

The company had launched an online marketplace for 34 countries in the region last year and recently acquired a minority stake in the eCommerce solutions provider with which it collaborated on the effort. Visa is also putting focus on consumers in Africa. Find more about these stories and the rest of the latest headlines in the Report.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

JULY 1, 2017

31 million : The number of Americans who say they will be traveling this 4th of July weekend, citing record low gas prices (the national average is $2.23, with some regions averaging below $2). How staggering? Oh, we’re so glad you asked. million : The number of New Englanders who will be traveling this 4th of July weekend.

United States 125

United States Boston Comparison National 125

BankUnderground

JULY 5, 2023

The framework builds on the anecdotal evidence of the 2020 semi-conductor crisis : the main idea is that, after a certain threshold, it can become very expensive to produce an additional unit of output, and so a change in demand must result in additional pressure on prices and a muted response of quantities.

Policies 87

Policies Exercises US Maine 87

PYMNTS

JANUARY 9, 2018

Community banks are much better positioned to provide personalized service to small business customers; large national banks simply aren’t equipped or motivated to do so.”. This is not a Wall Street issue; it’s a Main Street issue.”. We urge you to make such legislation a priority.”.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

JUNE 17, 2016

Roughly 251,000 people are employed in this sector across the region, representing 36 percent of the country’s financial services sector employment. Within the Greater Toronto Area (GTA) are industry-leading fortune 500 companies, renowned universities and colleges, and local businesses ranging from startups to multi-national firms.

New York City 100

New York City Maine Regional America 100