Senate Bill would double time for PPP, Central banks show interest in digital currencies, Could immunity passports move blockchain mainstream?

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May 22, 2020

Blockchain

Overstock CEO: Why Immunity Passports Could Move Blockchain Tech Mainstream

Overstock CEO Jonathan Johnson tells Karen Webster that the coming pandemic-recovery period could give blockchain an opportunity to deliver its first mainstream use case: powering ‘immunity passports.’ Giving consumers the opportunity to provision and then control access to a verified health status is something that he says airlines and sports arenas have an interest in supporting – and one Overstock is already exploring.

 

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Digital Shift

Citi: Corporate Treasury’s Shift To The Digital Journey

Corporate treasury departments long resisted going fully digital, but now the pandemic is leaving them with little choice. Tapodyuti Bose, global head of digital channels and data at Citi Treasury and Trade Solutions (TTS), told PYMNTS that adoption is growing by leaps and bounds. ‘Today, it’s the pandemic,’ he says. ‘Tomorrow, it’s a business requirement.’

 

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PODCAST: Credit Unions

Why Now Is The Time For CUs’ Digital Transformation

Credit unions had to, by necessity, pivot toward digital banking in a few months when the pandemic broke out. But Todd Clark, CEO of CO-OP Financial Services, tells Karen Webster that debit and credit transactions are rebounding a bit — and here’s what he thinks comes next for CUs.

 

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PODCAST: How We Eat

What Famed Boston Eatery Petit Robert’s Owner Sees As Restaurants’ Future

Times are incredibly challenging for restaurateurs, and Loic Le Garrec of Boston’s famed Petit Robert Bistro tells Karen Webster that every day has become a learning curve. Le Garrec says his restaurant has to think in entirely new ways about delivery services and interacting with customers — but believes consumers are hungry to get back to dining out for real in the very near future.

 

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Digital Currency

Will The Pandemic Finally Get Central Banks Interested In Building Digital Currencies?

China is putting together a pilot program for a digital yuan, the U.S. is beginning to talk more seriously about digital dollars and 80 percent of central banks are looking at turning fiat currency into bits and bytes. With the pandemic upending financial systems worldwide, has the moment for government-backed digital currencies finally arrived?

 

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Delivering Cardholder Customer Service Report

NEW DATA: Better Customer Service Could Sway 3 in 10 Consumers To Switch Credit Cards

Credit-card issuers offer lots of bells and whistles to try to make their cards top of wallet, but might be ignoring an old-school approach to keeping consumers loyal — good customer service. PYMNTS recently surveyed more than 2,000 consumers and found that 30 percent would be willing to switch to cards that offer better customer service. Check out our Delivering Cardholder Customer Service Report to see all of our findings.

 

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Best Of Yesterday 


How PNC Is Fighting Pandemic-Fueled Financial Crime


Improving Conversions While Navigating The Great Digital Shift


Why Smart Retailers Wish Their Customers Many Happy Returns


 

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