Survey Results: Coronavirus and the State of Banking Innovation
“There is broad consensus that demand for digital will increase post-crisis.”
On The Web
nbsp;The Rush for $350 Billion in Small-Business Loans Starts Friday. Banks Have Questions.
“A day before small businesses can apply for forgivable loans from the $2 trillion financial-relief package , banks say they are still struggling to understand how to make these loans eligible for a government guarantee. Under the Small Business Administration’s Paycheck Protection Program, part of the stimulus package signed into law last week in response […]
How Payments Can Adjust to the Coronavirus Pandemic–and Help the World Adapt
“As the catastrophic human costs of the coronavirus come into clearer focus, so too do the consequences for people’s well-being beyond the immediate imperative to safeguard lives. Taking care of our families and friends, our neighbors and communities, our employees and coworkers comes first. For that reason, companies across industries and geographies have scrambled to establish […]
Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s
“Macy’s is one of many retailers reeling from the COVID-19 outbreak, furloughing most of its 130,000 employees after closing its 800+ stores. But the effects also have hurt Macy’s status as a U.S. business power player: the department store is being removed from the S&P 500 Index. Macy’s will be replaced by air conditioning company Carrier Global, according to S&P Dow […]
Nordic challenger bank Lunar adds €20M to its Series B
“Lunar , the Nordic challenger bank that started out life as a personal finance manager app (PFM) but since acquired a full banking license last year, has extended it Series B round with an additional €20 million in funding. It brings the Series B total to €46 million, having disclosed €26 million in August last […]
Amazon and Apple Strike Deal for Prime Video In-App Purchases and Subscriptions
“In a significant shift, the Amazon Prime Video app on iOS and Apple TV now features a built-in content store. This means users can now buy or rent TV shows and movies directly inside the app on Apple platforms. The change was first spotted by The Verge . For the longest time, Amazon did not […]
Celebrate and Congratulate Carol Benson
Today, Carol Benson, one of my fellow founders of Glenbrook Partners, is retiring, following our other founder, Scott Loftesness, who retired four years ago. It seems like only a few years ago (certainly less than 20) that the entire company fit in one car with room for my dog sharing the back seat. Carol has […]
New Data Show Even Necessities Aren’t Immune to Covid-19’s Impact on Card Spending
“The Covid-19 virus is taking a fearful toll not only on lives but also on U.S. commerce, and now even everyday staples are feeling the pinch. Grocery stores saw a sharp spike in card-based purchase volume in March as consumers scrambled to lay in supplies against the rapid spread of the pandemic, but by the […]
Stimulus Funds Should Be Delivered Via Mobile Payments
“Now is the time for governments to be promoting and employing mobile-based tools to assist families and businesses harmed by the pandemic. From mobile passports to re-admittance into normal life to mobile payment methods, mobile technology could be our best weapon in the fight against coronavirus. Delivering stimulus funds via mobile payments will help more […]
Starts Wednesday – Two Session Digital Payments Workshop
Join us for a dive into the new world of digital payments! Explore the implications for the various stakeholders in the payments ecosystem, we discuss long-term opportunities for next generation players. Come find out who stands to gain and who stands to lose as the payments industry goes digital. Read More!