Walmart MoneyCard accepts stimulus payments, Most Main Street Retailers at risk, Who will decide when consumers get back to “normal?”

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April 16, 2020

Next-Gen AP Automation Tracker™

The Spice House On A Recipe For Secure, Cross Border AP

Stay-at-home consumers are unlocking their inner chefs and turning to various spices, blends and rubs to build out flavors. But getting seasonings from growers and into consumers’ hands depends on spice purveyors’ ability to securely manage payments to as many as 100 different suppliers worldwide. In this month’s Next-Gen AP Automation Tracker, Charlie Mayer, CEO of spice purveyor The Spice House, discusses how cloud-based payments portals keep AP processes organized and error-free.

 

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Live Roundtable: How We Bank

Credit Unions: When Innovation Timelines Are Measured In Days Not Months

Like all financial institutions (FIs), credit unions have been forced to think fast and outside the box in the wake of COVID-19, PenFed Executive Vice President Jamie Gayton, PSCU CEO Chuck Fagan and BECU Executive Vice President and Chief Digital Product Officer Doug Marshall noted in a recent live roundtable with Karen Webster. CUs also have been forced to fast track plans that were months in the future into the space of a few days or weeks. Here’s what they said now takes priority.

 

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PYMNTS Masterclass

Meeting The New Challenge Of Rolling Out PSD2 And SCA

Rolling out PSD2 And SCA was already a complicated process when COVID-19 came along and injected more confusion. The likelihood, Ekata Vice President of Strategy and Operations Arjun Kakkar told PYMNTS, is there will be more delays. But, he said, anyone serious about security should ignore them and keep pressing forward 'full steam ahead.'

 

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AP Automation

Tipalti CEO: Helping Finance Teams Make Today’s Decisions With Tomorrow In Mind

The turmoil of supply chain disruptions and remote working requirements has chief financial officers and treasurers suddenly confronting the realities of outdated supplier payment tactics. Tipalti CEO Chen Amit recounts how he's seenaccounts payable departments tackle accelerated digitization plans, and tells Karen Webster about the long-lasting impact of AP automation investments.

 

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Reopening The US Economy

Who Will Decide When Consumers Get Back To 'Normal'?

This week opened with a squabble between the president and the states' governors about who exactly is in charge of breaking the #stayathome restrictions now in place across the country. But for all the headlines that squabble generated, PYMNTS would submit that it may be the consumers who make that decision – and only after they feel safe enough to #leavethehouse. Here’s the data to back that up.

 

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Main Street SMBs On Lockdown: The COVID-19 Cash Chasm

Main Street USA: 58 Percent Of Main Street SMB Retailers Say They May Not Survive The Pandemic

With March retail sales falling by an astounding 9 percent, small retailers on Main Street USA need nothing short of a miracle to stay alive. More than 58 percent of small retailers are afraid they might go out of business before the pandemic comes to a close, even with PPP funding. In Main Street On Lockdown: The COVID-19 Cash Chasm, PYMNTS shares insights from our research on more than 700 Main Street SMBs about their outlooks for survival — and what they’re doing just to stay alive.

 

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