Economy

Economy
Tipalti Helps Nonprofits With COVID-19 Relief Payments
April 08, 2020

Global accounts payable software company Tipalti said Wednesday (April 8) it will waive fees for guilds, nonprofits, and trade groups to assist them in getting cash to their members during the coronavirus crisis. Get the Full Story Complete the form to unlock this article and...

Economy
Reflect And Pivot: Enduring Strength For Difficult Times
April 08, 2020

Ekata Vice President and General Manager, APAC, Tom Donlea had recently moved to Singapore to open new offices when the COVID-19 pandemic hit. It’s bad, he told PYMNTS, but not all bad. “This slowing of commercial activity, albeit unfortunate, allows us to place even more...

Economy
POS Toast Cuts Staff In Half As More Restaurants Close
April 08, 2020

Restaurant point-of-sale (POS) software provider Toast said it would have to cut about half of its staff — about 1,300 people — as the coronavirus shutters businesses nationwide, according to a CNBC report on Tuesday (April 7). Get the Full Story Complete the form to...

Economy
Small Building Contractors Shift Gears As COVID-19 Shrinks Business
April 08, 2020

The coronavirus is hitting smaller firms in the U.S. especially hard. 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 to our daily newsletter, PYMNTS Today. By completing...

Economy
Ex-Fed Head Bernanke: Prepare For Long Recovery
April 08, 2020

It could be years before the U.S. economy rebounds from the economic impact of the coronavirus pandemic, former chair of the Federal Reserve Ben Bernanke said during an online event on Tuesday (April 7), according to a Reuters report. Get the Full Story Complete the...

Economy
SBA Overwhelmed With Requests, May Cause Delay In SMB Loans
April 08, 2020

As businesses around the U.S. wait eagerly for loans from the $2 trillion stimulus package passed by Congress, the Small Business Association (SBA) may be struggling with the workload. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Jack Dorsey Designates $1B In Square Equity To COVID-19 Relief
April 07, 2020

Square and Twitter CEO Jack Dorsey said he will donate 28 percent of his wealth to help fund coronavirus relief, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Airbnb Customers Want Refunds
April 07, 2020

Amid disruptions in the travel industry, Airbnb pledged in March to provide cash refunds to qualified guests who have had stays disrupted by the coronavirus pandemic. But now some guests contend that the homesharing company is making them go through obstacles to get their money...

Economy
Mortgage-Extension Requests Skyrocket Nearly 2,000 Percent
April 07, 2020

The number of homeowners who asked lenders for more time to pay their mortgages increased to record levels in March, as borrowers feel the impacts of the coronavirus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...