Today In Payments

Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
April 29, 2020  |  News

In today’s top news, WhatsApp is considering offering credit and lending to users in India, and the Bureau of Economic Analysis estimated that GDP dropped...

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Today In Payments: PPP Loan Site Flatlines On Second Opening Day; Apple Cuts Back Production For New iPhones
Today In Payments: PPP Loan Site Flatlines On Second Opening Day; Apple Cuts Back Production...
April 28, 2020  |  News

In today’s top news, the PPP loan website collapsed after launching its second round of funding on Monday (April 27), and Apple is cutting back...

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Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch
Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch
April 27, 2020  |  News

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Plus,...

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Today In Payments: 19 Firms Trialing China’s Digital Yuan; Treasury Directs Public Firms To Return PPP Money
Today In Payments: 19 Firms Trialing China’s Digital Yuan; Treasury Directs Public Firms To Return...
April 24, 2020  |  News

In today’s top news, 19 firms are participating in a pilot program to trial China’s new digital yuan, and the U.S. Treasury ordered public companies...

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Today In Payments: PPP Loans Could Trigger Treasury Investigation; SMBs Say COVID-19 Relief Loans Won’t Spur Rehiring
Today In Payments: PPP Loans Could Trigger Treasury Investigation; SMBs Say COVID-19 Relief Loans Won’t...
April 23, 2020  |  News

In today’s top news, Treasury Secretary Steven Mnuchin said companies that received Paycheck Protection Program (PPP) loans without qualifying could face investigations, and some small-...

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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform
Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its...
April 22, 2020  |  News

In today’s top news, Facebook closed a $5.7 billion deal for a minority stake in India’s Reliance Jio, and GM shut down its car-sharing company,...

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Today In Payments: Public Businesses Reap PPP Relief; Grab CEO Says Company Facing ‘Tough Decisions’
Today In Payments: Public Businesses Reap PPP Relief; Grab CEO Says Company Facing ‘Tough Decisions’
April 21, 2020  |  News

In today’s top news, millions of dollars from the Paycheck Protection Program (PPP) have not gone to benefit small and medium-sized businesses (SMBs), and the...

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Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
April 20, 2020  |  News

In today’s top news, Shake Shack said it would return the $10 million Paycheck Protection Program (PPP) loan from the government, and Uber expanded its...

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Today In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First GDP Decline In China
Today In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First GDP Decline In China
April 17, 2020  |  News

In today’s top news, Uber withdrew 2020 guidance as it anticipate revenue decline, and China’s economy will record its first-ever GDP loss. Plus, banks can...

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