Fed plans release of clean cash, Finastra hacked, The eleven days that changed the consumer’s COVID-19 mindset

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March 23, 2020

The Monday Conversation

PSCU CEO: Credit Unions Step Up And Step In For Members

The world is a very different place than it was even two weeks ago as COVID-19’s ripple effects keep racking up. PSCU CEO Chuck Fagan tells Karen Webster that it’s a tough time for credit union members, but also a unique opportunity for credit unions to step in and help. After a few years of record performance and the right tools and tech, he says that it’s not only the right thing, but the smart thing to do.

 

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eCommerce Supply Chains

Overstock: Fixing Supply Chain’s Weakest Link

A retailer is only as good as its supply chain, a fact that the coronavirus has taught many retailers the hard way. Ron Hilton, Overstock’s chief sourcing and operations officer, tells PYMNTS that fixing the supply chain’s weakest link is about having the right business model and the agility to diversify operations — before it breaks the chain.

 

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Small Business

COVID-19’s Chilling Effect On Summer Vacation Rentals

So much for people allegedly skipping town to shelter in place at the shore. Joanne Logie, managing director and co-owner of New England Vacation Rentals, tells Karen Webster that COVID-19 has frozen Cape Cod’s once-hot summer vacation rental market — and literally overnight. Here’s why she’s still optimistic about the post-pandemic world.

 

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Movie’s New Business Model

Let's All Go To The (Streaming) Movies

COVID-19’s disruptions to daily life have extended to movie theaters, but Hollywood is pivoting. Major studios have begun releasing some of their new movies directly to home viewers via streaming services, shifting from the theater to the living room. Here’s what this might mean for an industry that’s been used to making changes during more than a century that’s seen it shift from nickelodeons to over-the-top (OTT).

 

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KLW Commentary

The Eleven Days That Changed
The Consumer’s COVID-19 Mindset

Between March 6 and 17, the number of U.S. consumers extremely concerned about contracting the coronavirus doubled and two and half times as many worried about dying from it than losing their jobs. Those, Karen Webster said, are just two of the results from the second PYMNTS survey of almost 2,000 U.S. consumers about the virus and its impact to their daily behaviors. A lot happened in just 11 days. Dive into the latest data on what consumers are doing and why.

 

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What's Hot


As China’s Banks Encourage Loans, Default Fears Mount


Goldman, Morgan Stanley Predict COVID-19 Will Trigger Economic Devastation


Finastra Hacked, Forced To Shut Down Key Systems


Airbnb Mulls Fundraising To Recoup Coronavirus Losses


Smartphone Sales See Biggest Drop Ever In Feb.


HSBC, Alibaba Link Up On Quick eCommerce Loans


Universities Face Financial Hit If Foreign Students Stay Home


Fed Plans Release Of Clean Cash As Virus Spreads


Car-sharing Startup Getaround Looks For Buyer


Bitcoin Daily: Coinbase Handled $2B In Crypto As Markets Tanked


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