Aid

UK Treasury Nixes Idea For New Coronavirus Funding Scheme

UK Treasury Nixes Idea For New Coronavirus Funding Scheme
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
July 02, 2020  |  B2B Payments

The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance,...

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Insurers Pivot To Road Trip, Overseas Pandemic Travel Coverage
Insurers Pivot To Road Trip, Overseas Pandemic Travel Coverage
June 22, 2020  |  Travel Payments

Indiana-based travel insurer Seven Corners is beginning to adapt its offerings to the coronavirus era, with new packages addressing the needs people will have for...

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Uber Assisted Nearly 50K Workers With $19M During Pandemic
Uber Assisted Nearly 50K Workers With $19M During Pandemic
May 21, 2020  |  Coronavirus

Uber said it has so far spent $19 million assisting almost 50,000 drivers and food delivery couriers who came down with the coronavirus or were...

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GOP Says Wait On More Bailout Money
GOP Says Wait On More Bailout Money
May 14, 2020  |  Coronavirus

The Republicans are in no hurry to do another COVID-19 bailout. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Treasury Directs Public Firms To Return Small Business PPP Money
Treasury Directs Public Firms To Return Small Business PPP Money
April 24, 2020  |  Loans

The Treasury Department issued new guidance on Thursday (April 23) directing publicly traded companies to return Paycheck Protection Program (PPP) loans by May 7 if...

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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief
Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief
March 26, 2020  |  B2B Payments

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses...

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US House Wants Economic Stimulus Payments To Leverage eWallets
US House Wants Economic Stimulus Payments To Leverage eWallets
March 23, 2020  |  Coronavirus

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals”...

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Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
March 23, 2020  |  Coronavirus

The Federal Reserve launched a massive aid package on Monday (March 23) to prop up the coronavirus-devastated U.S. economy, unveiling up to $300 billion in...

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Deep Dive: Digitally Disbursing Relief Funds When Disaster Strikes
Deep Dive: Digitally Disbursing Relief Funds When Disaster Strikes
March 13, 2019  |  Disbursements

A series of natural disasters — including hurricanes, wildfires and winter storms — caused approximately $91 billion in damage across the U.S. last year. The...

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