Small businesses are hurting, which has been reflected in record unemployment numbers, the near-total shutdown of mainstream businesses and in PYMNTS data revealing that as of about two weeks ago, a quarter of small businesses didn’t think they would survive the coronavirus pandemic at all....
Italian bank Monte dei Paschi was the victim of a hacking attempt, according to a notice seen by reporters recently, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
There’s a silver lining for at least one retailer amid the coronavirus pandemic. A new survey found that Walmart Inc., the nation’s largest retail store chain, saw its year-over-year online grocery sales explode last month to reach nearly $900 million, nearly twice the amount seen...
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into healthcare payments artificial intelligence (AI), subscription churn, and a TurboTax tool for stimulus payments. Get...
To help businesses contend with new procedures and regulations related to the Families First Coronavirus Response Act (FFCRA), GoCo has rolled out a new feature to manage and track COVID-19 paid leave. The creation of the feature stemmed from the law, which took effect on...
After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 million from current investors. The startup’s board had set aside just under 93,000 Series E preference shares with an INR 100 nominal value,...
With the newest effort to direct more funding its most susceptible business vertical, China’s banking regulator said it would begin to watch the level of support lenders are providing to smaller companies that are encountering difficulties. Banks providing loans to small and medium-sized businesses (SMBs)...
In today’s top news, the Federal Reserve has launched a multi-trillion-dollar lending program that targets smaller companies and local governments, while the demand for Small Business Administration (SBA) loans has led the Fed to mull letting non-bank lenders speed distribution. Plus, an estimated 40 percent...
After reaching its highest level in eight years in February, consumer inflation in China lessened last month. The country’s consumer price index increased 4.3 percent in March compared to the same time last year, the Financial Times reported, citing the National Bureau of Statistics of China. Get...
