PYMNTS

NOVEMBER 15, 2020

U.S. consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank card loans, The Financial Times (FT) reports. According to the report, the total amount of card loans in U.S. banks was $755 billion, down $100 billion from before the pandemic, while balances have drifted lower in three of the last four weeks.

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Government Account accountant accounted 120

FusionCPA

NOVEMBER 15, 2020

During the beginning of 2020, your business may have been following a strategic plan based on the previous year's data and assistance from your finance consultants. Looking at the information related to sales and profits likely offered a greater understanding of the elements driving your revenues. While this can help an economic environment without any major disruptions, your strategies may not have been suited to a world facing a highly significant crisis.

Finance 52

Finance Sales 52

PYMNTS

NOVEMBER 15, 2020

Mobile-first fiscal management solution Fiskl has joined up with Samsung Appstack to help keep small- to medium-sized businesses (SMBs) competitive through collaborations and project management, according to a press release. According to the release, Taher Behbehani , head of mobile division, senior vice president and general manager with Samsung Electronics America, said Appstack "is a platform where SMBs can go to get a collection of highly-rated app recommendations, from a partner they can tr

Finance 105

Finance Technology accounting and finance Account 105

PYMNTS

NOVEMBER 15, 2020

Bank of England Deputy Governor Jon Cunliffe said it isn't his job to shield banks from the coming shift to digital currencies, Reuters reported. The shift could drastically change how customers feel about having physical money stored in banks, according to the report. The BoE is among the global regulators looking at how to deal with digital currencies, which have become more of a clear prospect for the near future as the pandemic keeps people away from physical spaces.

Technology 103

Technology 103

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PYMNTS

NOVEMBER 15, 2020

PNC Financial Services Group could buy the U.S. arm of Spain-based BBVA for over $11 billion, which could be one of the largest bank acquisitions since the financial crisis over a decade ago, The Wall Street Journal (WSJ) reported, with the deal potentially announced as soon as Monday (Nov. 16). The deal, the report stated, would result in a bank with over $550 billion in assets and the fifth-largest retail bank in the country.

Alabama 99

Alabama Texas Retail Sales 99

PYMNTS

NOVEMBER 15, 2020

Ticketmaster , which handles off-site ticket sales for a huge portion of the country's music and sports events, is developing a system to assess fans' Covid-19 vaccination and testing status but will let local promoters set standards for attendance, the San Francisco Chronicle reported. Ticketmaster President Mark Yovich outlined the policy in a statement the company provided to media outlets after a number of news organizations published articles that appeared to be based on inaccurate readings

Sports 98

Sports Sales Technology Entertainment 98

PYMNTS

NOVEMBER 15, 2020

Retailers around the country are reinstating measures intended to counter the spread of COVID-19, CNBC reported. At Walmart stores, employees have resumed keeping track of how many shoppers are in stores at the same time, according to the report. "We know from months of metering data in our stores that the vast majority of the time our stores didn’t reach our self-imposed 20 percent metering capacity," a Walmart spokesman said, according to CNBC.

Retail 73

Retail 73

PYMNTS

NOVEMBER 15, 2020

A new website called FactorForYou has launched that is something of an online dating service for small- to medium-sized business (SMB) owners who want to turn accounts receivable (AR) into cash and the owners of factoring companies that make such transactions happen, according to a press release. FactorForYou states on its website: “Choosing a factoring company can be a challenge.

New Jersey 70

New Jersey Ohio Illinois Florida 70

PYMNTS

NOVEMBER 15, 2020

The Albany Airport is using a blockchain-based app to track the cleanliness of surfaces and objects in the airport due to health concerns with the pandemic, according to a report from Cointelegraph. The Wellness Trace App was developed by General Electric in partnership with TE-FOOD and Eurofins, the report stated. It looks to provide "a safe travel experience" during the pandemic, and the blockchain it uses is from Microsoft Azure.

payroll 68

payroll 68

PYMNTS

NOVEMBER 15, 2020

Ordway , which works in billing and revenue automation for scaling companies, will offer small- to medium-sized businesses (SMBs) multi-entity billing and revenue management support, according to a press release. That means "companies can focus on global expansion and compete with Fortune 500 companies on an affordable and flexible order-to-revenue framework," no matter their size, the release stated.

accounting and finance 65

accounting and finance Sales Finance Account 65

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PYMNTS

NOVEMBER 15, 2020

Recognise, a subsidiary of Britain's City of London Group , has been awarded a restricted banking license by regulators in the U.K., the company announced, in a press release. A full license could come as early as the first quarter of 2021, the release stated. The timeline is consistent with one City of London Group included in a slide deck on its website describing the licensing process.

Retail 64

Retail Technology B2B 64

PYMNTS

NOVEMBER 15, 2020

European Union regulators may get new powers to ban internet companies that violate anti-competition rules, a top EU official told a German magazine, Reuters reported. Proposed new guidelines for regulating big internet companies in the region of more than two dozen countries are scheduled for public unveiling Dec. 2. One of the two officials slated to present the proposed new rules, EU Internal Market Commissioner Thierry Breton, told the Welt am Sonntag weekly that the time has come to give re

Washington 102

Washington 102