Coronavirus

Coronavirus Fuels Shift to Contactless Payments Methods

Coronavirus Fuels Shift to Contactless Payments Methods

As health officials around the globe seek to contain the novel coronavirus that causes COVID-19, economies and citizens remain unsettled.

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Payment Companies Increase Efforts to Combat Coronavirus-Related Frauds

Payment Companies Increase Efforts to Combat Coronavirus-Related Frauds

The Financial Crimes Enforcement Network, a U.S. Treasury Department bureau focusing on combating illicit finance, alerted financial institutions to an increase in Covid-19-related scams in an advisory this week.

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1 in 5 Small Businesses Don’t Accept Digital Payment, During COVID-19

1 in 5 Small Businesses Don’t Accept Digital Payment, During COVID-19

Consumers Have Rushed to Digital Payment Options Such as Paypal and Venmo to Avoid the Spread of COVID-19 During Transactions, but 19% of Small Businesses Can’t Accept These Payments. Small Businesses Struggling to Stay Afloat Should Accommodate New Customer Preferences by Adopting Cashless Payment Options. 19% of U.S.

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Coronavirus Boosts Online Banking, Payments Usage in the US

Coronavirus Boosts Online Banking, Payments Usage in the US

US bank branches are still shuttered amid the pandemic, but consumers are more likely to conduct their banking online, according to recent research. An April 2020 William Mills Agency survey conducted by The Harris Poll found that 73% of US adults were more likely to leverage digital banking and payments while social distancing.

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Ecommerce Trends in Charts During the Coronavirus Pandemic

Ecommerce Trends in Charts During the Coronavirus Pandemic

The coronavirus pandemic’s widespread impact in the U.S. in mid-March has disrupted retail—and ecommerce in particular. Some retail categories, like online grocery and food, flourished with shelter-at-home restrictions, while categories like apparel suffered.

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Pandemic Gives Traditional Banks a Rare Chance to Catch Up Digitally

Pandemic Gives Traditional Banks a Rare Chance to Catch Up Digitally

While the economic impact of the coronavirus pandemic is expected to sharply curtail banking profits, its ripple effects could enable incumbent institutions to reduce the innovation gap with fintechs and the largest banks.

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Will COVID-19 Reshape Digital Banking?

Will COVID-19 Reshape Digital Banking?

The COVID-19 outbreak has brought about drastic changes in our lives, and by every measure we are going through a great crisis. It is natural to assume that the pandemic will be a turning point in modern history, and many experts argue that the world we are entering will be fundamentally different from the one […]

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How Fintech Can Help SMEs Recover From the Impact of COVID-19

How Fintech Can Help SMEs Recover From the Impact of COVID-19

SMEs around the world have been hit hard by the COVID-19 pandemic. Traditional lending models have long been a barrier to accessing finance for SMEs in fast-growing economies. New fintech-based approaches can unlock finance and drive economic recovery once the pandemic has passed.

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Banks Must Act Fast to Ride the Contactless Payment Tailwinds Created by COVID-19

Banks Must Act Fast to Ride the Contactless Payment Tailwinds Created by COVID-19

The COVID-19 outbreak has quickly catapulted contactless payments into the mainstream consciousness thanks to their hygienic benefits.

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COVID-19 Impact on the Future of Fintech

COVID-19 Impact on the Future of Fintech

While a great deal of attention has been given to the impact of COVID-19 on traditional banking institutions, there is also a significant impact being felt in the fintech marketplace. This is best evidenced by the slowdowns in funding, drop in establishment of new fintech firms and the reduced revenues of most organizations already in […]

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Coronavirus Contactless Payments Are Here to Stay

Coronavirus Contactless Payments Are Here to Stay

For years, the payments industry waxed unpoetically about transactions that eliminate physical interaction. There was contactless, mobile, mobile wallets, card not present, e-commerce, e-payments, e-invoicing, NFC, one-touch, one-tap, etc. We just kept pumping out new buzzwords. I have a new name for all of those: Corona Free Payments.

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COVID-19 Related Shifts in Digital Banking Behavior Favor Big Banks

The COVID-19 pandemic thrust the retail banking industry into embracing a digital-first mindset. With consumers forced to use online or mobile banking alternatives, or face long lines at drive-up teller windows, the use of non-branch banking solutions has increased dramatically.

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