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More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout requests in the past month.

PayPal is temporarily waiving fees for consumers using its app to accept government and payroll checks during the coronavirus pandemic.

Johnny Allison, the Arkansas company's chairman and CEO, agreed to reduce his base salary by 20%.

The neobank, which has been operating in the U.S. since last year with partner Sutton Bank, hopes to get a bank charter within two years.

Members of Andigo Credit Union in Schaumburg, Ill., have approved a proposed merger into Consumers Credit Union in Gurnee, Ill.

Digital business payments are taking off during the coronavirus crisis, sending accounts payable automation firm AvidXchange to the fundraising well for the second time in 2020.

The Tempe Small Business Emergency Loan Program will provide $1 million to help area companies weather the coronavirus.

Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic.

Today, in the era of choice, the U.S. remains unprepared for fast, digital, infrequent or one-time payments from one to many.

"We're now in a different world," Stephen Squeri, chairman and CEO of Amex, said during the card brand's first-quarter earnings call.