Amazon puts new online grocery customers on hold, JPMC tightens mortgage underwriting, Sizing Main Street SMBs covid cash gap

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April 13, 2020

Bank Earnings

Banking On A Rough Earnings Season For Banks

The coronavirus looks set to ravage earnings season, which kicks off this week. Banks will be especially hard hit, pressured by low interest rates, and now, of course, skyrocketing unemployment and small business shutterings. The numbers will tell a sober tale, but there may be a bright spot or two among the data, particularly tied to digital banking activity, which should get a tailwind as we all shelter place.

 

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Video: Digital Fraud

Why PPP Will Be A Pivot Point For The Future Of Digital Security

SMBs nationwide are waiting impatiently for their PPP relief funds. Unfortunately for those small businesses, DataVisor CEO Yinglian Xie told Karen Webster, so are fraudsters who are already perfecting their tactics for diverting them. Here’s why PPP should be a catalyst for how banks and businesses should be thinking to protect their digital fraud flanks now and in the future.

 

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Toilet Paper Supply Chains

Charmin And Unrolling The Mystery Of The Great Toilet Paper Shortage

Of all the 2020 predictions, absolutely no one thought that toilet paper would be the hottest consumer good of Q1. But then such is the life in a Covid-19 world. So what is the deal with the TP, why is it so hard to buy and when will this be over? PYMNTS reached out to execs at Charmin to start unrolling the story. Turns out toilet paper is a lot more complex than you think.

 

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Digital Fraud

Securing The New Commerce Normal

The world of commerce will never be the same in a post Covid-19 world, and neither will the world of trying to secure it, Kount Executive Gary Sevounts told PYMNTS in a recent conversation. Fraudsters aren't suddenly doing new things, he said, but they are doing more than they ever have, with a wider field of targets than ever to choose from.

 

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KLW Commentary

Can Main Street SMBs Cross The PPP Cash Chasm?

The $350B SBA PPP COVID-19 relief fund is intended as a lifeline for small- to medium-sized businesses (SMBs) whose businesses have hit hard by coronavirus. Yet, Karen Webster says that PYMNTS research on 700+ Main Street SMBs shows that even with that lifeline, the cash gap between what these businesses need to stay afloat and the time they think it will take for business to return is still too large for many to cross. Just as many Main Street SMBs think they will fail or that their business is at risk after PPP funds became available as did the week before the plan became known — and so may not even get in line. Here’s what new data shows these Main Street SMBs need from the government — and why.

 

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What's Hot


Amazon Puts New Online Grocery Customers On Hold


JPMC To Require 700 Credit Score, 20 Pct Down For New Mortgages


PayPal Approved To Process SMB PPP Loans


Goldman, JetBlue Team On Installment Loan Product


MBA Students Petition For Tuition Refunds Due To Coronavirus


Senators Want To Keep CARES Money Away From Debt Collectors


Consumer Stimulus Payments Expected This Week


Fed's Kashkari: Quick Economic Rebound Unlikely


Walmart Doubles March 2019’s eCommerce Grocery Sales


Bitcoin Daily: Crypto Scammers' Daily Haul Drops 66 Pct Due To COVID-19; ATBCoin To Settle ICO Suit For $250,000; Gold Investor Peter Schiff Predicts Bitcoin Fall


Best Of Yesterday 


Bringing AI To The Fight Against Healthcare Payments Fraud


What’s Keeping PPP Funds From Flowing Into SMB Bank Accounts


Keeping Hospital Billing Systems Healthy In A Pandemic


 

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