To determine the economic impact of the big storms that hit the U.S. in 2017, the Federal Reserve turned to First Data Corp.’s swipe information for answers. With the data, they were able to get information in real time that would have otherwise taken weeks,...
More than $1 billion was donated to charities and nonprofits via the PayPal platform over the holidays, marking a milestone for the company, PayPal announced in a blog post. “This is the first time that we’ve ever crossed the $1 billion threshold for holiday giving...
While many retail establishments saw their earnings blown down by the double punch of hurricanes Harvey and Irma, home improvement supplies company Home Depot was actually bolstered by them. Revenue from Hurricane Harvey and Hurricane Irma added an additionally reported $282 million to Home Depot’s...
The best offense is a good defense. It’s true in sports, and also true in disaster preparedness. Simply reacting is often too little, too late. When conditions are bad enough, it may not even be possible. Natural disasters like recent hurricanes Harvey and Irma that...
September 17, 2018
Exactly one year before Hurricane Florence began her reign of terror in the Carolinas, Karen Webster interviewed’s Ingo Money CEO Drew Edwards and Visa’s senior vice president and head of U.S. Push Payments Cecilia Frew on how last year’s twin disasters, Hurricanes Harvey and Irma, were pushing insurance claims payments to change. At that time, Edwards […]
October 02, 2017
The best offense is a good defense. It’s true in sports, and also true in disaster preparedness. Simply reacting is often too little, too late. When conditions are bad enough,...
September 05, 2017
In the aftermath of Hurricane Harvey, huge swaths of Texas ran out of fuel. Customers were sitting in milelong lines at a dwindling number of gas stations that still had...
August 28, 2017
Last week’s news cycle was all about surprises. Hurricane Harvey blew into the coast of Mexico as a “blob of weather systems” and instead snuck up on the Texas shoreline...
August 10, 2018
To determine the economic impact of the big storms that hit the U.S. in 2017, the Federal Reserve turned to First Data Corp.’s swipe information for answers. With the data, they were able to get information in real time that would have otherwise taken weeks, Bloomberg reported. For example, sales at restaurants and stores in […]
September 18, 2017
Lenders that were in the path of Hurricane Irma in the U.S. moved to get twice as much cash as normal last week, which resulted in two Florida Federal Reserve...
September 15, 2017
U.S. retail sales fell in August, and industrial output recorded its biggest drop since 2009, due to the impact of Hurricane Harvey. According to Reuters, the hurricane — which hit...
September 07, 2017
Jacksonville, Florida-based sports apparel eCommerce retailer Fanatics recently closed a $1 billion venture capital round, according to news reports from Reuters. The funding round was led by Japanese multinational telecommunications provider...
