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The path away from cash and plastic was well underway before the pandemic, and will deeping during the crisis and beyond, says Paysafe's Daniel Kornitzer.
May 4
Paysafe -
On Dec. 31, 2019. Dollars in thousands.
May 4 -
Some megabanks are pushing New York lawmakers to add a legal safe harbor if lenders use the new Secured Overnight Financing Rate. Smaller banks would have little choice but to take that option.
May 4
Signature Bank of New York -
The $468 million-asset institution said expansion isn't required now but the move is a proactive attempt to ensure its long-term viability.
May 4 -
Lenders are throwing money at buyers with stable jobs while making it harder for weak borrowers to get loans; $50 billion in loss provisions may not be enough and could stifle lending.
May 4 -
Credit unions moved quickly to reduce branch access as the coronavirus crisis worsened. The harder decision will be when and how to begin lifting those restrictions.
May 4 -
What works for regular commuters may not work for occasional riders, says OSPT's Jean-Philippe Wolyniec.
May 4
OSPT Alliance -
The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.
May 4 -
Many banks are slashing their spending. Others are changing their messaging strategies. And those banks that partner with pro sports teams are stuck in limbo, since it remains unclear when games will resume.
May 3 -
Small businesses that received loans from the Paycheck Protection Program pandemic still don’t know how much they may have to repay after the government missed a deadline to give specific guidance.
May 3








