The U.S. Treasury will allow two financial technology companies to issue prepaid Visa cards loaded with coronavirus stimulus payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Economic data released Thursday (April 30) may hint at a “one-two punch” for consumer spending — indicating a reluctance to spend now, yes, but paycheck pressures may keep purses and wallets closed for a while. Get the Full Story Complete the form to unlock this...
Consumer spending in the U.S. plummeted 7.5 percent in March, the steepest drop in 61 years, as the coronavirus pandemic continues to ravage personal income, according to the Thursday (April 30) report from the Commerce Department. Get the Full Story Complete the form to unlock...
“By acting on consumer preferences, technology adoption and macro- trends — not simply paying lip service to them — financial institutions will be far better prepared to weather these types of transformative disruptions,” Jumio Chief Product Officer Philipp Pointner told PYMNTS. Learn how Jumio uses...
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 Protection Program (PPP) overseen by the Small Business Administration (SBA). Get the Full Story Complete the form to unlock this...
COVID-19 continues to take its toll on the nation’s economy, as another 3.8 million Americans filed for jobless claims week ended April 25, the U.S. Labor Department said Thursday (April 30). That brings the total number of claims filed since COVID-19 struck America to more than...
The coronavirus pandemic has triggered the biggest drop in the U.S. economy since the Great Recession, and economists are warning that the worst is yet to come. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Representatives from Toyota, Hilton, Wynn and Waffle House, among others, were said to have met with President Donald Trump Wednesday (April 29) to discuss the methods to reopen the U.S. for business, according to a CNBC report. Get the Full Story Complete the form to...
Treasury Secretary Steve Mnuchin says $1,200 stimulus checks from the government were sent in error, and relatives and family members should return the money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
