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G4S Plc has entered talks with workers over a plan to slash jobs at its U.K. cash-handling business as COVID-19 spurs consumers to use other forms of contactless payment.

It is no longer a matter of whether a business should be modifying their infrastructures to support these new in-store and online purchasing behaviors, but when and, most importantly, how quickly, says Fattmerchant CEO Suneera Madhani.

With the COVID-19 health pandemic wreaking havoc on jobs, investments, consumer debt and lending, secured credit cards can address a vital need for people who may not have considered the product in the past.

Regulators can only delay the move to a new interest rate index alternative for so long.

The Federal Reserve's extraordinary effort to keep credit flowing to companies during the COVID-19 pandemic is also shunting money to banks' bottom lines.

A deal to merge Riverset CU into Allegant Community FCU will create the third-largest credit union in western Pennsylvania.

A Bloomberg News analysis shows that the data for Paycheck Protection Program loans totaling more than $521 billion released on July 6 are riddled with anomalies.

Wells is expected to report a loss while other banks report sharp declines in profits; Fed officials wanted easier terms, while Treasury officials preferred a more conservative approach.

For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program.

Suppliers that still need to receive physical checks should still be able to do so. Even if they do, the process remains electronic on the accounts payable side, says AP side so that customers can issue check payments in the same batch as other electronic payments, says Nvoicepay's Angela Anastasakis.