Coronavirus

Coronavirus
COVID-19 Stimulus Money Could Show Up In Consumer Bank Accounts Today
April 09, 2020

Americans could start receiving COVID-19 stimulus money from the federal government as early as Thursday (April 9) or Friday, according to reports. The first round of emergency assistance is expected to reach people who have previously provided direct deposit information to the Internal Revenue Service...

Coronavirus
FIS: Prepare To Be Caught Off-Guard
April 09, 2020

“During a black swan event, consumer trust is tested to its maximum, and the providers that rise to the occasion will build a brand centered on doing what is best for the people who trust them,” according to Jim Johnson, head of financial institution payments...

Coronavirus
Another 6.6M Americans File For Unemployment As Layoffs Continue
April 09, 2020

Jobless claims released Thursday (April 9) show that the coronavirus triggered another 6.606 million unemployment claims for the week ending April 4. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Coronavirus
Starbucks Expects 46 Pct Q2 Earnings Drop Amid Pandemic
April 09, 2020

Starbucks is withdrawing its 2020 outlook as it faces an estimated 46 percent earnings drop for the second quarter, according to multiple reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Coronavirus
April Rent Unpaid By 31 Pct Sparking Fears Of What Is Ahead
April 09, 2020

Over one third of Americans didn’t pay rent by April 5, triggering fears of what could be ahead for May and beyond, according to data from a landlord advocacy group. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Coronavirus
NEW DATA: 60 Percent Of US Consumers Now Live Paycheck-To-Paycheck
April 09, 2020

The COVID-19 pandemic has triggered an unprecedented wave of business closures, placing millions out of work with no telling when they will be back to business as usual. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Coronavirus
US Unemployment Claims In Last Week Expected To Hit 5.25 Million
April 09, 2020

With the coronavirus pandemic forcing people out of work in every sector of the economy, unemployment claims are likely to rise by another 5.25 million since last week, according to reports Wednesday (April 8). Get the Full Story Complete the form to unlock this article...

Coronavirus
Data: US Households Paying Rent Dropped 12 Percent From March
April 09, 2020

The percentage of U.S. citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result of the economic disruption from the coronavirus, according to a housing survey released Wednesday (April 8). Get the Full Story...

Coronavirus
HPE Launches Corporate IT Payment Deferral Program
April 08, 2020

Hewlett Packard Enterprise (HPE) is turning to its financial services unit to extend over $2 billion in financing and programs to assist business customers with cash management issues amid the global pandemic.  Get the Full Story Complete the form to unlock this article and enjoy...