Federal Reserve Extends Reach Of Main Street Lending Program
Federal Reserve Extends Reach Of Main Street Lending Program
April 30, 2020  |  Loans

The Federal Reserve is extending its $600 billion Main Street lending program to reach small and medium-sized businesses (SMBs) hit by the coronavirus pandemic, the...

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Payments Processor i2c Hiring To Meet Global Demand
Payments Processor i2c Hiring To Meet Global Demand
April 30, 2020  |  Digital Payments

Global payments processor i2c Inc. is upsizing its workforce to meet a spike in demand for digital commerce solutions among FinTechs and banks. Get the...

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Good News: Pandemic Produces Retail Winners
Good News: Pandemic Produces Retail Winners
April 30, 2020  |  Retail

While the news is full of retail doom and gloom of late, the post-pandemic prognosis for one class of companies has actually been improving. Amazon,...

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Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
April 30, 2020  |  Retail

As it joins the ranks of returning merchants following COVID-19 store closures, Macy’s intends to open 68 retail locations on Monday (May 4) in states...

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eBay Earnings Show Cross-Currents Of Its Business
eBay Earnings Show Cross-Currents Of Its Business
April 30, 2020  |  Earnings

As it is with most things surrounding eBay these days, its first quarter earnings announced late Wednesday (April 29) were complicated. The firm’s analyst call...

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Meeting Consumer Preferences With BNPL And Streamlined Checkouts
Meeting Consumer Preferences With BNPL And Streamlined Checkouts
April 30, 2020  |  Today In Data

Buy now, pay later (BNPL) offerings are well on their way to challenging credit cards as the payment method of choice for younger consumers. Millennials, for...

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Black Swan Events: Lessons Learned From COVID-19
Black Swan Events: Lessons Learned From COVID-19
April 30, 2020  |  Coronavirus

“By acting on consumer preferences, technology adoption and macro- trends — not simply paying lip service to them — financial institutions will be far better...

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Embattled OnDeck Reports $59 Million Net Loss
Embattled OnDeck Reports $59 Million Net Loss
April 30, 2020  |  Earnings

Already facing harsh criticism from an activist investor, FinTech OnDeck reported a $59 million first-quarter net loss and $57.6 million adjusted net loss due to an...

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JPMorgan Chase Submits Nearly $18B In PPP Loans
JPMorgan Chase Submits Nearly $18B In PPP Loans
April 30, 2020  |  Coronavirus

JPMorgan Chase & Co. told its small business clients that the New York financial services company has submitted 220,000 applications this week to the Paycheck...

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