The Post-Pandemic SMB Restart, Localized Payments, PPP Audits Top This Week’s News
The Post-Pandemic SMB Restart, Localized Payments, PPP Audits Top This Week’s News
May 01, 2020  |  News

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...

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MoneyGram’s Walk-In Business Hit By The Coronavirus As Digital Transactions Surge
MoneyGram’s Walk-In Business Hit By The Coronavirus As Digital Transactions Surge
May 01, 2020  |  Earnings

With its walk-in business taking a large negative hit due to the coronavirus pandemic and stay-at-home orders, MoneyGram reported 57 percent digital transaction growth for...

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Top Trump Advisor Larry Kudlow: Q2 Will Be Even Worse
Top Trump Advisor Larry Kudlow: Q2 Will Be Even Worse
May 01, 2020  |  Economy

National Economic Council Director Larry Kudlow said he expects the impact of the coronavirus pandemic will bring even more economic pain through June. Get the...

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COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance
COVID Crisis Pushes Nearly 4M US Mortgages Into Forbearance
May 01, 2020  |  Economy

Nearly 4 million U.S. home mortgages — or 7.3 percent of the total — have entered into “forbearance” programs with their lenders as the COVID-19...

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UK Restaurants Say Social Distancing Could Bankrupt Them
UK Restaurants Say Social Distancing Could Bankrupt Them
May 01, 2020  |  Coronavirus

If restaurants and bars in the U.K. are required to apply social distancing when they reopen, many won’t survive, according to a new study of...

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Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process Half-Million Loan Applications
Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process...
May 01, 2020  |  News

In today’s top news, the U.S. savings rate surged in March due to the shaky coronavirus economy, and big banks have processed almost 500,000 applications...

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DOJ Finds Evidence Of PPP Loan Fraud
DOJ Finds Evidence Of PPP Loan Fraud
May 01, 2020  |  B2B Payments

Amid rising criticism over the loan effort, the Department Of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program...

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PPP Recipients To Lose Valuable Tax Breaks
PPP Recipients To Lose Valuable Tax Breaks
May 01, 2020  |  Loans

Small businesses fortunate enough to get their Paycheck Protection Program (PPP) loans forgiven will forfeit some tax breaks, according to new rules from the Internal...

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As Pandemic Reshapes Consumer Behavior And Credit Risk: In AI We Trust?
As Pandemic Reshapes Consumer Behavior And Credit Risk: In AI We Trust?
May 01, 2020  |  Artificial Intelligence

The hoarding might be done. Toilet paper is no longer a precious commodity. Grocery shelves are (relatively) well-stocked. Get the Full Story Complete the form to unlock...

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