Community banks make more than half of PPP 2.0 loans: SBA May 04, 2020 The SBA said lenders have made 2.2 million loans worth more than $175 billion during the second round of the Paycheck Protection Program, for an average loan size of roughly $79,000. Loans of $50,000 and under made up nearly 71 percent
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More than half of Americans now use contactless payments, according to Mastercard poll Contactless payments are on the rise in the U.S. with Americans using various touch-free payment methods that are cleaner than paying with cash amid the coronavirus. Updated Wed, Apr 29 2020 Alexandria White https://www.cnbc.com/select/mastercard-survey-contactless-payments/
The COVID-19 pandemic has radically changed how banks are serving customers in the U.S., as nearly all of the major banks have limited lobby access to appointment only and shifted customer service to customer call centers, mobile banking apps and ATMs. https://www.atmmarketplace.com/articles/bank-call-centers-feeling-pressure-of-covid-19/
BloombergBy Olga Kharif April 16, 2020, 7:00 AM EDT Use of contactless mobile payments -- services that once struggled to catch on in the U.S. -- is surging as people come to see their phones as the safer way to pay. They’re also using mobile apps tied to payments, such as Amazon Prime Now, to
Summary The U.S. Postal Service (USPS) along with the Postal Regulatory Commission has announced a change in postage rates. As a result, postage rates will change at 12:01 A.M. on January 26, 2020. Fiserv will change the postage rate charged to you for mailing statements, plastics, letters, and other information to your cardholders and merchants.
Primax is pleased to announce that Katsiaryna (Katia) Bernard has joined the company as Controller. “Katia joined Primax as Accounting Controller on December 10, 2019. She brings 9 years of experience in similar roles at Philips, Interactive Data Corporation and KPMG. Katia is a Certified Public Accountant in Massachusetts. She earned a BSBA in Global
Our next Client Forum is coming! September 30 to October 2, 2020 in Boston Massachusetts We are pleased to announce that our next business focused Client Forum will be at the famous Long Wharf Marriot Hotel – located just minutes from the airport, Boston’s waterfront, USS Constitution, Paul Revere’s house and many other top historical
Plug the expense leaks. In an interview with Karen Webster, Farhan Ahmad, founder and CEO at B2B payments solution provider Bento for Business, took note of the fact that half of all small to medium-sized businesses (SMBs) cite cash flow management as their biggest challenge. https://www.pymnts.com/news/b2b-payments/2019/smbs-spend-management-tech-expense-leaks/
Press Releases Mastercard Brings Digital Identity to Real World Tests Initial Pilot Activities Launched in Australia Purchase, N.Y. and Sydney – December 10, 2019 – Mastercard today marked the first tests of a new digital service that has the potential to verify a person’s identity immediately, safely and securely in both the digital and the
Press Releases Mastercard SpendingPulse: U.S. Retail Sales Grew 3.4 Percent This Holiday Season PURCHASE, NEW YORK – December 26, 2019 – Retailers have much to cheer about this holiday season. According to Mastercard SpendingPulseTM, holiday retail sales increased 3.4 percent (ex auto) with online sales growing 18.8 percent compared to 2018. Mastercard SpendingPulse provides insights