| BoA CEO wants all PPP apps to be funded, FIs, FinTechs expand credit card paradigm, How to reopen the U.S. economy | | | How FIs And FinTechs Are Expanding The Credit Card Paradigm Consumers expect more from credit cards, including mobile integration, rewards, spend management and strong account security. While these benefits represent vast opportunities for credit-solution providers and the consumers whoâll benefit from them, they also pose big technical challenges to card issuers and processors. In Beyond The Card: Innovating The Next Generation Of Credit Solutions, PYMNTS offers a roadmap to this complex landscape â and the innovative firms that are leading the way. |
| Figureâs Mike Cagney: Stimulus Snafus Show Itâs Time For Digital Dollars â And Blockchain The stimulus check is in the mail â sort of. Millions of Americans are waiting for federal stimulus funds that they need urgently, but that Uncle Sam is delivering over creaky payments rails and inefficient (and expensive) legacy infrastructure. Mike Cagney, CEO and co-founder of Figure Technologies, tells Karen Webster why the stage is set for blockchain and the digital dollar to transform â and eventually be the way we get emergency funds. |
| Reading Retailâs Tea Leaves Via Retailâs Resale Market The complex world of resale retail finds itself radically upended in recent weeks in the face of store closures and some warehouse shutdowns. B-Stock CEO Howard Rosenberg tells Karen Webster that while COVID-19 has slowed much of the industry down, some segments have actually seen business spike. Hereâs how he says understanding the resale landscape could offer important clues for how retailâs future might look. |
| New Data: Separating The PPP Haves, Have Nots and Don’t Wants PPP 1.0 has come and gone, and the SMB community is getting ready for PPP 2.0 to roll out today. PYMNTS latest Main Street SMB study found that a rising percentage of firms are looking toward the government for the cash needed to navigate the current challenges – but want to use the funds strategically, in a post-pandemic, digital-first world. Timing is everything and the clock is ticking. |
| How Domino's And Other QSRs Are Building For An Unknown Future While the damage wrought by COVID-19 has been extremely hard on the restaurant industry, not all establishments have suffered as much. Quick-service restaurants (QSRs) like Domino's have managed to pivot thus far, and have already started rebuilding for the future. What lessons have they learned that others may learn from? We break it down. |
| | #KLW Commentary | | Why Reopening The US Economy Should Be About Reinventing It Many say that reopening the economy will spur a V-shaped recovery â a rapid rise up after a rapid decline in the wake of COVID-19. Karen Webster said expecting businesses to spring right back is highly unlikely and points to the lessons of platform ignition for the reasons why. She says that there's six more months before consumers and Main Street SMBs say things could start to look normal, lots of new digital habits that consumers say will stick and way too much friction associated with going back to the status quo means reopening the economy must also mean reinventing the businesses that drive it. Hereâs why. |
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