Senate passes PPP extension bill, PayPal ups investment in Tink, Should Las Vegas bet on consumer’s returning to casinos?

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

June 4, 2020

The Great Reopening: Doubling Down On Digital

Exclusive Data: Twenty-Five Percent of Consumers Say Retail, Online Grocery Digital Shift Will Stick

In the 10 weeks since lockdown, 36 percent of consumers now shop online for retail purchases, 13 percent for groceries and 21 percent buy food from aggregators. Nearly 25 percent say those digital habits will stick, a $308 billion shift from physical to digital – if they do. Details in the latest PYMNTS study: The Great Reopening: Doubling Down On Digital edition – the tenth in our series.

 

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FI Digitization

FIs: Build For A Digital Future Or Lose Customers

Consumers were already open to the idea of changing their financial-services providers even before the global pandemic hit. OnDot CEO Vaduvur Bharghavan tells Karen Webster that the risks to financial institutions (FIs) have only grown now that consumers have moved so much of their lives online. The road to retaining customers involves FIs building out their digital service menus lest they lose clients to FinTech providers who’ve already done so.

 

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Immunity Passports

How To Reopen The Workplace: Digital Test Results And Blockchain

Can blockchain help businesses return to work in the post-pandemic world? Vital Chain CEO Shane Bigelow tells PYMNTS that it can do so by helping to certify COVID-19 test results and immunity. He says that will allow trust and certainty to take the place of fear in the workplace — and usher in a new age of consumers’ control over their healthcare data.

 

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Casinos

Should Las Vegas Bet On Consumers Returning to Casinos?

Viva Las Vegas! Sin City's casinos will begin reopening today with masked dealers, limits on capacity and plexiglass barriers at the gaming tables. Will tourists be eager to return to such an environment, and will workers feel safe enough to serve them? Here’s what we think.

 

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How We Work

What The World Of Work Will Look Like A Year From Now

It feels like the world of work has changed radically in the past few months, but WeTransfer CEO George Willoughby tells PYMNTS that the work-from-home phenomenon has actually been emerging for a long time. The only difference is that workers and employers now see there’s a different way to work, and he doesn't think things will ever go back to the way they were.

 

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AML/KYC Tracker™

NEW REPORT: FinTech's Role In Keeping Open Banking Secure

Open banking can unlock seamless payment experiences for legitimate customers, but also for money launderers as well. As a result, many financial institutions (FIs) are reluctant to offer application programming interface (APIs) until FinTechs can prove that their integrations won't introduce new risk, says Andrew Davies, vice president of financial crime risk management at Fiserv. In this month’s AML/KYC Tracker, Davies explains how FinTechs can use artificial intelligence (AI)-powered behavioral analysis to put FIs at ease.

 

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What's Hot


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NYC Public Trans Contactless Fare Plans Slowed


Uber Rides Increase As Quarantines End


‘Travel Bubbles’ Key To Getting Consumers To Travel Cross Border


Pandemic Impact Affects Singapore Digital Bank License Decisions


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