People who order groceries for delivery may be using digital payments or a plastic card to pay for their food, but the person picking up the groceries may be making a separate payment at the point of pickup — and in the process, influencing the global shift toward contactless payments.

About 78% of Mastercard’s European transactions are now contactless, and the company expects the shift in payment choice will be permanent.

The funds include $3.2 billion in loans that community development financial institutions had already approved during the PPP's second phase.

The credit union regulator is adding line items to required quarterly reporting in order to better account for loan forbearance, CUs lending through the Paycheck Protection Program and more.

The funds include $3.2 billion in loans that community development financial institutions had already approved during the PPP's second phase.

Even digitally savvy organizations face a vexing dilemma when sending emergency funds: The neediest recipients often have little other option than to receive paper checks.

Investors are looking past signs of weakness and toward an eventual recovery, but top executives at BlackRock, Citigroup, Goldman Sachs and other financial firms remain cautious as many cities and states remain in partial lockdown to slow the spread of the coronavirus.

Banks would be wise to dust off their Great Recession playbook and shed nonperforming loans while growing through M&A.