Coronavirus Impact
Coronavirus Impact
Lynette Bell, president of the Truist Foundation

The company's foundation, whose mission had been carefully planned by BB&T and SunTrust before their merger, opened just nine days before the novel coronavirus was declared a pandemic. Here’s what happened next.

July 28
5 Min Read
Senator Chuck Grassley, a Republican from Iowa, released a stimulus plan that provides enhanced federal unemployment insurance and direct stimulus payments, but does not provide a more direct way of getting funds to taxpayers.

Republicans and Democrats are negotiating a new coronavirus stimulus package, but there’s still no law on the books designed to erase the problems that prevented many stimulus payments from getting directly to recipients.

July 28
4 Min Read
nCino revenues

The pressure is on the fintech, which helps banks make digital loans, to stanch its losses and show its lofty market valuation was deserved.

July 28
3 Min Read
PayDirt: A PaymentsSource Podcast with Daniel Wolfe
Podcast

The coronavirus pandemic has greatly disrupted many people's cashflow, and made financial management much more stressful. Earned wage access is one way to provide relief to those who still have an income but find themselves financially strained. PaymentsSource senior analyst Michael Moeser talks about earned wage access with Safwan Shah, the founder and CEO of Payactiv, a company that's operated in this space for nearly a decade.

July 28
1 Min Read
BankThink

Realize that everyone is your customer; your members, employees, partners, vendors and the general population, says OBI Creative's Mary Ann O'Brien.

July 28
2 Min Read
Fast payments, real-time payments, RTP, e-money
BankThink

Digital wallets arguably reached a tipping point this spring when contactless payments jumped 40% in response to concerns that cash and payment terminals were helping to spread the coronavirus, Vidya Peters of Marqeta writes.

July 28
1 Min Read

The three-month extension for the central bank's lending programs is one of several recent steps by policymakers to stabilize the economy as the coronavirus pandemic stretches through the summer.

July 28
1 Min Read
“The American people need more help. They need it to be comprehensive. And they need it to be carefully tailored to this crossroads," said Senate Majority Leader Mitch McConnell. "That is what this Senate majority has assembled.”

The Senate Republicans' coronavirus relief package, known as the HEALS Act, would continue to make the loan program available to businesses, but any final bill would need to be negotiated with House Democrats.

July 28
2 Min Read
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