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BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast

BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast
BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast
April 16, 2020  |  Earnings

Given the full-scale shutdown in the U.S. and across the world, one might have expected that quarterly earnings season would be a less than sunny...

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More ‘No-Touch Payments’ For B2B
More ‘No-Touch Payments’ For B2B
April 16, 2020  |  Economy

“We anticipate that the COVID-19 crisis may be the catalyst for ending manual check printing and mailing in B2B payments,” Neal Anderson, president and CEO...

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Survival Mode: Fashion Retailers Slash Prices
Survival Mode: Fashion Retailers Slash Prices
April 16, 2020  |  Retail

The world of high fashion is starting to look like a fire sale. As retailers look for a way out of an unprecedented cash flow...

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Non-Essential Retail Warms Up For The Post-Crisis Economy
Non-Essential Retail Warms Up For The Post-Crisis Economy
April 16, 2020  |  Retail

Wednesday’s Commerce Department retail sales figures showed in no uncertain terms that consumer spending for non-essential goods has taken a huge hit. While the overall...

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QSR Chains Implement Promotions Amid COVID-19
QSR Chains Implement Promotions Amid COVID-19
April 16, 2020  |  Today In Data

Quick-service restaurant (QSR) chains are looking into many promotions and efforts to help survive the coronavirus crisis. Chipotle Mexican Grill, in one case, has offered free delivery...

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Skincare Startup Fights The Good Fight For Its Future
Skincare Startup Fights The Good Fight For Its Future
April 16, 2020  |  Retail

Hundreds of retailers – both direct-to-consumer (DTC) and traditional – have lent their expertise and capital to helping the world recover from the devastation of...

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7-Eleven Offers Prepaid Cards For Faster Access To Stimulus Funds
7-Eleven Offers Prepaid Cards For Faster Access To Stimulus Funds
April 16, 2020  |  Retail

To help unbanked consumers and their families receive economic stimulus funds faster, 7-Eleven Inc. is providing a Trans@ct by 7-Eleven® Prepaid Mastercard®. The U.S. Treasury Department has...

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Amazon CEO Bezos Seeks COVID-19 Testing For Staff
Amazon CEO Bezos Seeks COVID-19 Testing For Staff
April 16, 2020  |  Retail

With the first move toward a system of checks on workers around the world, Amazon CEO Jeff Bezos said the eCommerce retailer is creating COVID-19...

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