BoA CEO wants all PPP apps to be funded, FIs, FinTechs expand credit card paradigm, How to reopen the U.S. economy

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April 27, 2020

Credit Innovations

How FIs And FinTechs Are Expanding The Credit Card Paradigm

Consumers expect more from credit cards, including mobile integration, rewards, spend management and strong account security. While these benefits represent vast opportunities for credit-solution providers and the consumers who’ll benefit from them, they also pose big technical challenges to card issuers and processors. In Beyond The Card: Innovating The Next Generation Of Credit Solutions, PYMNTS offers a roadmap to this complex landscape – and the innovative firms that are leading the way.

 

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Monday Conversation

Figure’s Mike Cagney: Stimulus Snafus Show It’s Time For Digital Dollars – And Blockchain

The stimulus check is in the mail – sort of. Millions of Americans are waiting for federal stimulus funds that they need urgently, but that Uncle Sam is delivering over creaky payments rails and inefficient (and expensive) legacy infrastructure. Mike Cagney, CEO and co-founder of Figure Technologies, tells Karen Webster why the stage is set for blockchain and the digital dollar to transform – and eventually be the way we get emergency funds.

 

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Retail Resale

Reading Retail’s Tea Leaves Via Retail’s Resale Market

The complex world of resale retail finds itself radically upended in recent weeks in the face of store closures and some warehouse shutdowns. B-Stock CEO Howard Rosenberg tells Karen Webster that while COVID-19 has slowed much of the industry down, some segments have actually seen business spike. Here’s how he says understanding the resale landscape could offer important clues for how retail’s future might look.

 

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SMBs And PPP

New Data: Separating The PPP Haves, Have Nots and Don’t Wants

PPP 1.0 has come and gone, and the SMB community is getting ready for PPP 2.0 to roll out today. PYMNTS latest Main Street SMB study found that a rising percentage of firms are looking toward the government for the cash needed to navigate the current challenges – but want to use the funds strategically, in a post-pandemic, digital-first world. Timing is everything and the clock is ticking.

 

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ResTech

How Domino's And Other QSRs Are Building For An Unknown Future

While the damage wrought by COVID-19 has been extremely hard on the restaurant industry, not all establishments have suffered as much. Quick-service restaurants (QSRs) like Domino's have managed to pivot thus far, and have already started rebuilding for the future. What lessons have they learned that others may learn from? We break it down.

 

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#KLW Commentary

Why Reopening The US Economy Should Be About Reinventing It

Many say that reopening the economy will spur a V-shaped recovery – a rapid rise up after a rapid decline in the wake of COVID-19. Karen Webster said expecting businesses to spring right back is highly unlikely and points to the lessons of platform ignition for the reasons why. She says that there's six more months before consumers and Main Street SMBs say things could start to look normal, lots of new digital habits that consumers say will stick and way too much friction associated with going back to the status quo means reopening the economy must also mean reinventing the businesses that drive it. Here’s why.

 

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What's Hot


Amazon Trials Video Onboarding Calls To Thwart Merchant Fraud


Hospitals Face Financial Hardship As COVID-19 Continues To Surge


BoA CEO Says All PPP Applications Should Be Funded


WH Economic Adviser Expects US Jobless Rate To Climb To 16 Pct


Mnuchin: Relief Efforts Now Should Show Results In Summer


Banks Prep For Wave Of Skipped Credit Card Payments


Some Smaller Public Cos Opt To Keep PPP Funds


Apple Pay Outage Stops Users From Accessing eWallet


Tech Company Nets $5M For Facial Recognition That Sees Through Masks


Bitcoin Daily: DOJ Seizes COVID-19 Fraud Website As Owner Asks For Bitcoin; NYC Hospitals Use Blockchain For Supplies


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