COVID-19

COVID-19 is caused by a coronavirus called SARS-CoV-2. Older adults and people who have severe underlying medical conditions like heart or lung disease or diabetes seem to be at higher risk for developing more serious complications from COVID-19 illness.

Source: cdc.gov

Today In Payments: Visa Transaction Volumes Take Coronavirus Hit; Kabbage Furloughs Workers
Today In Payments: Visa Transaction Volumes Take Coronavirus Hit; Kabbage Furloughs Workers
March 31, 2020  |  News

In today’s top payments news, Visa said transaction volumes have severely decreased due to social distancing coronavirus protocols, and small business lender Kabbage will furlough...

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PayPal Relaxes Fees, Response Rules For Merchants
PayPal Relaxes Fees, Response Rules For Merchants
March 31, 2020  |  Coronavirus

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...

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

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....

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

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...

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China’s Pinduoduo Raises $1.1B In Private Placement
China’s Pinduoduo Raises $1.1B In Private Placement
March 31, 2020  |  Investments

Despite the world’s markets being crippled by the coronavirus, Pinduoduo Inc., the Chinese eCommerce company, said on Tuesday (March 31) that it has raised $1.1...

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The Antiques Market Bids Heavy On eCommerce
The Antiques Market Bids Heavy On eCommerce
March 31, 2020  |  Retail

If there’s any industry that has been slow to transition online, it’s antiques. It’s the nature of the business that before someone spends a fair...

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Small Businesses Shift Their Outlook With The Coronavirus
Small Businesses Shift Their Outlook With The Coronavirus
March 31, 2020  |  Today In Data

For most small businesses, the decade began with optimism, but it would take only three weeks for that thinking to change as consumers began to...

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Retail Chains Furlough Workers Amid COVID-19 Shutdowns
Retail Chains Furlough Workers Amid COVID-19 Shutdowns
March 31, 2020  |  Retail

Amid lengthened measures to keep COVID-19 from spreading, some of the country’s biggest retail chains have been forced to put workers on a leave of...

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Coronavirus Closures Affect 630K Retail Businesses
Coronavirus Closures Affect 630K Retail Businesses
March 31, 2020  |  Retail

The retail closures related to the coronavirus have been a death knell for an already struggling retail industry, and many companies might not make it...

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