SMBs skip PPP over audit fears, Tech starts trade valuations for money, Consumers push pause on the economy’s restart

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May 4, 2020

FI Fraud Decisioning Playbook™

Wells Fargo on Fraud Decisioning And The New Consumer’s New Normal

The last eight weeks has scrambled financial institutions’ tried and tested fraud-fighting approaches as transactions once seen as "abnormal" have become the new "normal." In the FI Fraud Decisioning Playbook, Colleen Taylor, head of merchant services for Wells Fargo, discusses how artificial intelligence (AI)-powered data analysis is helping financial institutions (FIs) adjust to these shifts in buying behaviors and avoid false positives.

 

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Monday Conversation

Why Data Backed Innovation Is The Medicine Healthcare Needs

The most difficult wake-up call over the last eight weeks is one about our healthcare system — and how much modernization it needed yesterday. A tough pill to swallow, but a valuable one, Menlo Ventures Principal Croom Beatty told Karen Webster, because it seems to have created the impetus necessary to really make the next generation of innovations possible — the call to free the data that will fuel that future.

 

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PODCAST: Retail Reinvention

Payoneer CEO: eCommerce’s Surge And Brick-And-Mortar’s ‘Vicious Cycle’

Consumers are buying anything (and seemingly everything) online. Scott Galit, CEO of Payoneer, tells PYMNTS that the impact will continue to be global in scope and deeply felt across all avenues of commerce — giving new rise to cross-border commerce, done digitally. Here’s the roadmap for what lies ahead.

 

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PODCAST: Digitizing The CFO's Office

Buyers And Suppliers Tackle The Invoice-To-Pay Digitization Journey

With organizations thrust into a volatile climate, accounts payable and accounts receivable teams recognize paper checks and invoices are no longer viable – but find some processes are more easily digitized than others. OnPay Solutions CEO and President Neal Anderson tells Karen Webster why electronic B2B payments are the low-hanging fruit, while eInvoicing may present a greater challenge for corporates.

 

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Earnings

‘Green Shoots’ Or Scorched Earth: What We’ve Learned From Banks And Payment Networks’ Latest Earnings Calls

Executives at banks and payment networks have used their recent earnings calls to speculate how recoveries might play out across certain verticals, with ‘green shoots’ glimpsed. But will these green shoots really take root or wither on the vine?

 

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KLW Commentary

Why Consumers Aren’t In A Rush To Restart The Economy

As economists, governments, policymakers and medical experts build cost benefit models to decide when it’s safe to reopen the economy, consumers are doing their own cost benefit analyses. Karen Webster says that the decision to get back to their once normal routines will depend upon whether consumers believe the benefit of the degraded experience that awaits them in a partially reopened economy outweighs the cost of the health risk they face if they do. Based on the latest PYMNTS research of nearly 12,000 U.S. consumers, she says that many are likely to sit it out. For now. Maybe even for the rest of this year.

 

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What's Hot


Google Phone Data Reveals Mixed Stay-Home Compliance


India’s Jio Gets $750M Boost From Silver Lake


Kudlow: Third Round Of SBA PPP Loans 'May Be' Necessary


Georgia's Push To Reopen Falls Flat As Consumers Stay Home


US Judge: Uber Can Be Sued For Allegedly Forcing Out Rival


Tech Startups Trade Lofty Valuations For Funding


Intel Eyes Purchase Of Traffic Data Firm Moovit For $1B


Would-Be PPP SMBs Skip The Funding Over Audit Fears


Texas Hotel Group To Give Back $70 Million in PPP Loans


Bitcoin Daily: Block.one Gets Patent For DLT That Monetizes Social Media Posts; Bitfinex Seeks US Subpoenas To Track Down $800M In User Funds


Best Of Yesterday 


NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart


Tradesy CEO: Millennial Women, Louboutin Shoes And Restarting The Economy


PPP’s Banker Versus Borrower Dilemma


 

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