PayPal hits new high on May 1, Uber seeks new roads to revenue, Will consumer demand follow states reopening plans

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May 7, 2020

Breaking News

Visa: FinTechs And Fast-Tracking The Road To Recovery

COVID-19 has shifted the world’s focus from offline to online, and to the need for creative solutions to new digital use cases. Terry Angelos, Visa's senior vice president, global head of fintech, tells Karen Webster that Visa’s latest class of Fast Track startups are each doing their part to help consumers and businesses ride the road to recovery. Here’s who they are and what they are doing.

 

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The Great Reopening: The Road To A Digital Normal

NEW DATA: States Push To Reopen – Will Consumer Demand Follow?

As 30 states consider reopening store fronts and restaurants, consumers seem to be sitting back, fearful that the personal health risks remain too high. The Great Reopening: The Road To A Digital Normal edition explores how businesses must approach their return with a consumer who’s shifted largely to digital, and may not be convinced the physical store experience is worth the trip — right now.

 

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Live Roundtable

A Look At Consumer Life In The Subscription Economy

Like most corners of the retail economy, the subscription commerce companies have had their ups and downs, depending on what they sell and how they fit into the consumer’s new normal. As Recurly CEO Dan Burkhart, Karen Webster, FabFitFun CEO Daniel Broukhim and Handy Technologies CEO Oisin Hanrahan noted in this week On The Agenda Digital Discussion, there are lessons to be learned about how to manage churn – and customer relationships – in a time of great personal and economic change.

 

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PODCAST: B2B Payments

Preserving Check Workflows Can Ease B2B Payments Digitization

Will a catalyst called coronavirus eliminate the paper check? Not if the key to digitizing B2B payments is minimizing disruption, when doing it, Mike Reed, general manager of payments at Deluxe tells PYMNTS. Here’s how he says virtualizing the paper check can help corporates navigate a remote working environment without asking accounting teams to overhaul their familiar workflows.

 

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Banking Innovation

Virtual Tellers And Workhorse ATMs: Banking's New (Digital-First) Normal

The prospect of “normal” daily financial life right now, and after the pandemic has challenges — and opportunities — for banks, especially community banks and credit unions. Doug Brown, senior vice president and general manager of NCR Digital Banking, tells Karen Webster that the key lies in embracing a digital-first mindset that can create a better — and touchless — experience for consumers. Here’s how they can do it.

 

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COVID-19 Business Recovery Report

Fitness Studios Forced To Stretch Their Business Models

Shuttered gyms are seeing memberships and on-site retail sales plummet, prompting many to shift their services online. But an absence of seamless digital payment experiences to complement these virtual offerings can deter customers from even signing up, says Ryon Packer, chief product officer at payment facilitator ABC Financial. In this month’s COVID-19 Business Recovery Report, Packer discusses why offering omnichannel experiences and payments is key to survival now and long after venues reopen.

 

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What's Hot


Frontier Retracts $39 ‘More Room’ Fee On Flights


Square Merchants Shift Online As POS Volumes Sink


PayPal Processed More Transactions On May 1 Than On Black Friday


Grubhub Grows Active Diners By 24 Pct


New PPP Loan Rules On Student Workers Offers Break To Colleges


Homebound Consumers, Connected Fitness Revs Up Peloton Earnings


Facebook’s Libra Association Hires Its First CEO


Uber Looks For New Roads To Revenue As Layoffs Hit


US Jobs Report Shows 11M Jobs Lost At SMBs


Bitcoin Daily: Delays In New EU AML Rules Leave Irish Crypto Firms No Access To Financial Services


Best Of Yesterday 


Impossible Foods CFO On The Shift To Grocery And Clearing The Meat Lover’s Bar


Visa, Conferma Pay, Make Corporate 'On The Go' Card Spend Tap And Pay


Online Gambling And The Challenges Of Betting On Instant Disbursements


 

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