Merchant

The question isn't whether things will magically return to the 2019 status quo, but where is there still pent-up demand among consumers and merchants?

CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.

Businesses owned by minorities and women got a head start this week in a new round of $284 billion funding, and early anecdotal evidence suggests stronger demand coming from these businesses.

Most consumers expect to be offered a variety of digital payment options in stores in a post-COVID-19 world, and small and midsize business believe that change will be permanent, a Visa study finds.

What started as Mezu and went through 18 difficult months competing as a payments offering has now rebranded as Alviere, with a broader range of digital banking services.

First Bank in New Jersey, Northeast Bank in Maine and others have warmed to the idea of using software to streamline Paycheck Protection Program lending so that employees can be more hands-on with customers.

The pace of forgiveness for Paycheck Protection Program loans is expected to accelerate when the Small Business Administration issues guidance on additional steps meant to streamline the process.

The Small Business Administration will allow lenders with less than $1 billion of assets to process applications in two days. The portal will open to all lenders on Tuesday.

In the pandemic age, banks are getting creative in a bid to keep affluent customers.

Walgreens is collaborating with Synchrony to roll out a cobranded credit card with an eye on the convergence of digital tools for spending and health care.