Visa helps SMBs fast track to digital, Airbnb launches Covid-19 safety plan, Killing the check in the booze business

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April 28, 2020

Digitizing B2B Payments Tracker™

Why It’s So Hard To Kill The Check In The Booze Business

Businesses shipping age-restricted goods like alcohol to other vendors often bump into quirky state regulations, like rules that make buyers pay immediately upon delivery – making digital payments challenging. In our latest Digitizing B2B Payments Tracker, Ernie Olsen, vice president of growth and engagement for liquor retailer Macadoodles, discusses why paper checks and invoices still meet liquor stores’ supply-chain needs — and what it would take to digitize them.

 

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Next-Gen Debit Tracker™

In Brazil, Banking Customers Turn To Debit, Digital Banking

Consumers facing job insecurity and COVID-19 stay-at-home orders are rethinking when and how they make payments, and FIs must respond. David Vélez, founder and CEO of Brazil-based digital-only FI Nubank, says that means offering credit-wary customers the right digital-banking tools and products. In this month’s Next-Gen Debit Tracker, Vélez explains how the pandemic is driving consumers online — and toward debit.

 

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Smart Homes

Building The 'Home Oasis' One Smart Device At A Time

We’re spending more time at home as the pandemic rages on, but smart-home technology is in many ways where personal tech was 15 years ago, with your flip phone unable to talk to your car's GPS. But Stuart Lombard of smart-home device maker Ecobee says the industry is integrating different home systems while winning consumer adoption one device at a time — from smart thermostats to video door bells. What does the future hold?

 

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Credit Unions

COVID-19 Creates A ‘New Normal’ For Credit Unions

Shutdowns, lockdowns and shuttered branches. Credit unions (CUs) have had to contend with a continuing shift away from offline banking done via brick and mortar to doing business online instead. In an interview with PYMNTS, Steve Salzer, PSCU’s senior vice president of legal and enterprise risk, lays out the ‘new normal’ — and new opportunities — that lie ahead for CUs.

 

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Home Equity Financing

NOAH CEO: How A New Twist On Home Equity Helps Homeowners Bridge The Cash Crunch

In the face of the COVID-19 pandemic, paying the mortgage has gone from something the vast majority of U.S. homeowners were managing well to a major source of anxiety for many. It is why Noah Founder Sahil Gupta told Karen Webster, his firm is ramping up its efforts to help homeowners tap into the equity in their home by taking an equity stake in its appreciation. Something, that he said even prime and super prime borrowers find appealing.

 

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Digital Economy's Next Evolution

Visa’s Jack Forestell On Helping SMBs Fast-Track
Into The Digital Age

Consumers, businesses and government officials are all speculating on what the COVID-19 recovery will look like, but Visa Chief Product Officer Jack Forestell tells Karen Webster that in some sense, we’ve already seen it. The world has gone wildly digital overnight, and it’s not going back to what it was before. The challenge now for Visa and the payments ecosystem is getting SMBs wired and ready to ride into the digital economy’s next evolution.

 

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