PYMNTS

AUGUST 4, 2020

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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Maine Study Survey Report 181

PYMNTS

MAY 29, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. NEW DATA: Inside Main Street SMBs’ Digital Shift. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

AUGUST 12, 2020

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation. One of the digital tools in which Main Street SMBs show great interest is real-time merchant fund settlement.

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Maine Survey Study Tools 183

PYMNTS

SEPTEMBER 28, 2020

It can be said, though, that the Paycheck Protection Program and the Main Street lending efforts from the Federal Reserve and other agencies have been, at best, mixed in terms of success. Only 6 percent of our Main Street SMBs have failed to meet their monthly bills, leagues better than the 12 percent seen as recently as May.

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Maine Course Lending Meeting 273

PYMNTS

JULY 8, 2020

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). Borrowers are encouraged to ask their bank about Main Street loans in addition to those on the list.

Maine 142

Maine Boston Lending Resources 142

PYMNTS

APRIL 16, 2020

This is just one of the questions PYMNTS set out to answer in the Main Street On Lockdown: The COVID-19 Cash Chasm edition. What measures are SMB owners taking to stay afloat when emergency funding is not enough to sustain them?

Maine 228

Maine Retail United States Industry 228

PYMNTS

MAY 12, 2020

A team of 50 students from Schulich’s MBA, Master’s and undergraduate programs worked on the service, which will be integrated with Canada’s Digital Main Street program as well as common digital retailers like Shopify , Google, Facebook, Microsoft, eBay and Mastercard Canada.

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Maine Los Angeles Online Washington 240

PYMNTS

MARCH 5, 2020

Walmart has announced that it’s going to merge its Walmart Grocery app with the main Walmart mobile app, to create a more seamless shopping experience for its customers, according to a report by TechCrunch. The main app was No. Previously, customers had to switch between the two apps depending on what they wanted.

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Maine Mobile Marketing Report 140

PYMNTS

MAY 25, 2020

With 90 percent of SMBs reporting that they have been negatively impacted by the coronavirus, according to PYMNTS research, it’s clear that Main Street cannot afford to sit idle. The consensus on Main Street, however, is that the old ways of doing business may be gone for good.

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Maine Fintech Fraud Marketing 151

PYMNTS

MAY 28, 2020

In Main Street On Lockdown: Business Recovery edition, we surveyed 431 SMB owners from across the U.S. Not all SMBs are equally eager to develop new technologies, however. Main Street On Lockdown: Business Recovery edition aims to understand why some SMBs are all-in on innovation, while others risk getting left in the dust.

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Maine Data Innovation United States 182

PYMNTS

JUNE 4, 2020

The Federal Reserve will launch the Main Street Lending Program, which is geared toward mid-sized businesses, this week. Federal Financial Analytics Managing Partner Karen Petrou said, per the report, “It’s only the ‘ Main Street ’ program if the Main Street in your town looks a lot like Park Avenue.

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Maine Lending Company California 130

PYMNTS

JUNE 2, 2020

A glimmering bright spot in the daily bad news cycle is PYMNTS’ finding that businesses of every type – especially small and medium-sized businesses (SMBs) – are using the pandemic as an impetus to make needed operational changes and bring SMBs’ online presences firmly up to date. percent on April 20,” the new report states.

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Maine Survey Comparison Operations 131

PYMNTS

APRIL 21, 2020

But despite tidbits of good news that infection rates are coming down and government money is moving out, a majority of Main Street businesses don’t see themselves surviving COVID-19. history, but it has not made Main Street SMBs feel any more stable than they did before it was passed,” the report states.

Maine 130

Maine Survey Report Retail 130

PYMNTS

JULY 22, 2020

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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Maine Honolulu San Francisco Data 140

PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Patrice Frey, president and CEO of the National Main Street Center , is a proponent of supporting existing local economic development organizations like chambers of commerce, community foundations and Main Street programs.

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Maine Groups San Francisco Lending 142

PYMNTS

OCTOBER 30, 2020

The Federal Reserve Board has modified the terms of the Main Street Lending Program (MSLP) to make it more obtainable for smaller businesses, according to a Fed statement on Friday (Oct. The three Main Street facilities have been lowered to $100,000 from $250,000 and the fees adjusted accordingly. .

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Maine Lending Security Payments 133

PYMNTS

APRIL 9, 2020

the Fed also said it will support as much as $600 billion in loans slated for small to mid-sized businesses as part of the Main Street Lending Program. In a nod toward the economic pressures faced by smaller firms across the U.S., billion in the top line. “If The money will be there.”.

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Maine Lending Survey Report 147

PYMNTS

APRIL 28, 2020

The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to a report from CNBC. It is not clear exactly when the Fed’s Main Street lending program will officially begin, although officials estimate that it should be within the next few weeks.

Maine 184

Maine Lending Taxes Industry 184

PYMNTS

MARCH 30, 2020

The construction and manufacturing sectors were the most bullish, as consumers bought new houses and invested in improving the ones in which they were living. The boutique shops that lined Main Street USA, which got nearly all of their business face-to-face in their stores, expected that 2020 would be another great year.

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Maine Data Capital Study 232

PYMNTS

MAY 20, 2020

Most businesses have been hit hard by the global pandemic, but perhaps no segment has been more crippled or left with a future more uncertain than the Main Street local establishments that rely on daily sales for traffic. Also looking to give Main Street merchants an easier way to set up digital shop online is OfferUp.

Maine 177

Maine Fintech Retail Online 177

PYMNTS

JUNE 14, 2016

In a week sorely in need of some good news, PYMNTS’ Store Front Business Index™ has some to offer. It’s a good time to be a business owner on Main Street USA. According to the latest Store Front Business Index™, a PYMNTS and CAN Capital collaboration, the past 12 months have been a profitable time for many store front businesses.

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Maine Data Regional Capital 100

PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.

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Maine Lending Cards Bitcoin 148

PYMNTS

MAY 29, 2020

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 2016, an organization called Digital Main Street was set up by the city of Toronto as a business improvement project for small- to medium-sized businesses (SMBs).

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Maine Retail Google Community 142

PYMNTS

MARCH 18, 2020

Called Help Main Street, the idea is to compile a database of businesses that offer gift cards or other similar items. According to Nihal Mehta of Eniac, the Help Main Street idea is a way to help small businesses while also practicing the social distancing procedures of staying away from places where lots of people usually gather.

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Maine Tools Cards Report 130

PYMNTS

MAY 29, 2020

in Main Street On Lockdown: Business Recovery. 70%: Share of SMBs that have added new digital capabilities or enhanced existing digital services since the pandemic began. Small and medium-sized companies faced the choice of finding digital ways to reach customers or run the risk of going out of business. All this, Today in Data.

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Maine Innovation United States Survey 130

PYMNTS

JUNE 18, 2020

’s Main Street Lending Program intended to aid small- to medium-sized businesses (SMBs), The Wall Street Journal (WSJ) reported. The Main Street Lending Program has already expanded a few times, PYMNTS reported , with lower minimum loan requirements, higher max limits and adjusted repayments schedules.

Maine 141

Maine Lending Meeting Capital 141

PYMNTS

SEPTEMBER 7, 2020

The continued resumption may not be enough to stave off the top-line pressures and cash crunches that bedevil the Main Street SMBs that power a significant portion of the U.S. The state of Main Street right now? is roughly six months into a global pandemic (as declared in March by the World Health Organization).

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Maine Survey Data United States 161

PYMNTS

JULY 17, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. NEW REPORT: Helping Main Street SMBs Close The Cash Flow Gap (Main Street Survey). SBA: EIDL Emergency Grant Program Runs Out Of Money . FIT® Framework.

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Payments Maine United States Capital 202

PYMNTS

MAY 11, 2020

The post-pandemic reality is setting in for Main Street retail even though the crisis is hardly over, while Paycheck Protection Program (PPP) loan guidance issued in late April marked a major change from when the program opened. And in the gig economy , workers have been especially impacted by COVID-19 as many job opportunities dried up.

Maine 130

Maine New York Data Retail 130

PYMNTS

JUNE 5, 2020

In addition to working toward its general mission of moving the sport and hobby forward, the RIA functions as a trade and advocacy group for independent running specialty stores, the huge majority of which are Main Street businesses. The RIA is dialed into Main Street.

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Maine Retail Branding Groups 130

PYMNTS

DECEMBER 19, 2019

” Opportunity On Main Street. The low-hanging fruit for technological disruption of business insurance is on Main Street, he said, largely because businesses with 100 or fewer employees can be serviced in a fairly standardized way. “We can do that all automatically.” It’s a major expense.

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Maine Policies Capital Online 131

PYMNTS

MARCH 21, 2017

Main Street USA isn’t just growing — it’s exploding. The growth comes along with more good news, including improvement in employment rates and overall wages. Main Street USA now boasts 3.4 Specifically, the index focuses on “storefronts,” or the shops that line the main and side streets of our local communities.

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Maine United States Industry Regional 118

PYMNTS

SEPTEMBER 1, 2020

It's yet to be seen, though, how customers will react to the new service in comparison to Amazon Prime , its main rival in the subscription service space. The main difference with Prime is that its yearly subscription service — which costs $12.99

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Maine Comparison Video Apple 228

PYMNTS

JANUARY 27, 2020

A new research institute in Portland, Maine, is intended to electrify the local economy and provide a hub for multiple career fields outside of the major cities that dominate most tech job searches. The test project was introduced Monday (Jan. 27) by a host of officials including Gov.

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Maine Portland San Francisco Boston 160

PYMNTS

APRIL 3, 2020

Main Street in Trouble . As we estimated in our comprehensive Main Street Index two weeks (and a lifetime) ago, these smaller firms as a group populate 3.6 We estimate that Main Street represents 28.3 We estimate that Main Street represents 28.3 As Main Street goes, so goes GDP. million storefronts across the U.S.,

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Maine Lending Survey Course 142

PYMNTS

OCTOBER 23, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. Amazon has rolled out a new initiative to get data about the purchase activity of users outside of its own website via financial incentives. Saving Main Street From Its Downward Pandemic Spiral. Morgan Chase’s QuickAccept.

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Apple Maine Millennials Bitcoin 149

PYMNTS

DECEMBER 11, 2018

Neither entrepreneur is hoping to disrupt the world with noodles or sandwiches — but both would very much like a chance at disrupting Main Street in their respective towns. MainVest, in short, is designed to be the platform that can help local people meet and invest in these entrepreneurs and their up-and-coming ideas.

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Maine Massachusetts Capital Course 151