Economy

Economy
Coronavirus Scams Trigger Surge In FTC Complaints
March 31, 2020

The Federal Trade Commission (FTC) reported in a press release that it has received over 7,800 complaints from consumers all relating to the coronavirus pandemic, twice the number it received just a week ago. Get the Full Story Complete the form to unlock this article...

Economy
Apple Will Pay Contracted Janitors And Bus Drivers During Shutdown
March 31, 2020

Contractors with Apple who work in janitorial, bus driving and other such fields will be paid during the coronavirus shutdown, in a reversal from the tech giant’s previous position. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Goldman Says Recovery Could Be The Fastest In History
March 31, 2020

New Goldman Sachs projections on how the coronavirus pandemic will play out in the U.S. say unemployment will hit 15 percent — but there will be a strong and swift recovery near the end of the year. Get the Full Story Complete the form to unlock...

Economy
PayPal Relaxes Fees, Response Rules For Merchants
March 31, 2020

PayPal is relaxing some of its payment fees for small businesses due to the COVID-19 crisis – including allowing customers to defer repayments on business loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
London’s Monzo CEO To Forgo Salary As Workers Face Furlough
March 31, 2020

The 34-year-old top executive of digital bank Monzo will give up his salary for a year, while senior staffers take a 25 percent pay cut. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Automakers Push Payments Off 120 Days To Jump Start New Car Sales
March 31, 2020

Necessity, as they say, is the mother of invention. 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 this form,...

Economy
For One Restaurant, Life Before (And During) COVID-19
March 31, 2020

There are seismic events that are so mammoth in scale they become shorthand for a shift in the way we live, in the way we interact with one another. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
20 Payments Execs On COVID-19’s Ripple Effects — And Taming The Next Black Swan
March 31, 2020

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 this form, you agree to receive marketing communications from PYMNTS and...

Economy
Lender Kabbage Furloughs Workers, Warns Of SMB Cash Shortfall
March 30, 2020

As COVID-19 saps consumer demand across all manner of verticals, and small businesses bear the brunt of a sudden disappearance of revenues, the firms that lend to those SMBs are feeling heat, too. Get the Full Story Complete the form to unlock this article and...