| Fed plans release of clean cash, Finastra hacked, The eleven days that changed the consumerâs COVID-19 mindset | | | PSCU CEO: Credit Unions Step Up And Step In For Members The world is a very different place than it was even two weeks ago as COVID-19âs ripple effects keep racking up. PSCU CEO Chuck Fagan tells Karen Webster that itâs a tough time for credit union members, but also a unique opportunity for credit unions to step in and help. After a few years of record performance and the right tools and tech, he says that itâs not only the right thing, but the smart thing to do. |
| Overstock: Fixing Supply Chainâs Weakest Link A retailer is only as good as its supply chain, a fact that the coronavirus has taught many retailers the hard way. Ron Hilton, Overstockâs chief sourcing and operations officer, tells PYMNTS that fixing the supply chainâs weakest link is about having the right business model and the agility to diversify operations â before it breaks the chain. |
| COVID-19âs Chilling Effect On Summer Vacation Rentals So much for people allegedly skipping town to shelter in place at the shore. Joanne Logie, managing director and co-owner of New England Vacation Rentals, tells Karen Webster that COVID-19 has frozen Cape Codâs once-hot summer vacation rental market â and literally overnight. Hereâs why sheâs still optimistic about the post-pandemic world. |
| Movie’s New Business Model |
| Let's All Go To The (Streaming) Movies COVID-19’s disruptions to daily life have extended to movie theaters, but Hollywood is pivoting. Major studios have begun releasing some of their new movies directly to home viewers via streaming services, shifting from the theater to the living room. Here’s what this might mean for an industry that’s been used to making changes during more than a century that’s seen it shift from nickelodeons to over-the-top (OTT). |
| | KLW Commentary | | The Eleven Days That Changed
The Consumerâs COVID-19 Mindset Between March 6 and 17, the number of U.S. consumers extremely concerned about contracting the coronavirus doubled and two and half times as many worried about dying from it than losing their jobs. Those, Karen Webster said, are just two of the results from the second PYMNTS survey of almost 2,000 U.S. consumers about the virus and its impact to their daily behaviors. A lot happened in just 11 days. Dive into the latest data on what consumers are doing and why. |
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