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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. Traditional lenders look at the past," he said.

eCommerce 142
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Today In Payments: PNC Advances $11.6B BBVA Purchase Deal; US Economic Forecasts Grim Amid Escalating COVID-19

PYMNTS

Plus, Mastercard announced a new Account-to-Account service to its Track Business Payment Service. US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. Mastercard Boosts Business Payments With Account-To-Account. unit for $11.6 PNC Advances $11.6B

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Southeast Asia’s growth 2022-23 to outpace other markets

Future CFO

The digital consumer population in Southeast Asia is still growing steadily and is forecast to reach 370 million by end-2022, accounting for 82% of the total population of 15-year-olds and above. This figure is projected to rise further to 402 million by 2027, accounting for 88% by the end of the forecast period.

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In Germany, Cold Hard Cash Still the Way to Pay

PYMNTS

All told, cash accounts for 75 percent of all retail transactions within Germany, even taking into account, as the German Association of Money and Bond Services estimated, that a third of all card payments have been done through contactless means in the wake of the coronavirus.

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Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News

PYMNTS

With staff shortages caused by the pandemic, however, the eCommerce firm is pausing the offering. COVID-19 Stimulus Money Could Show Up In Consumer Bank Accounts Today. The first round of help was forecast to reach those who had provided the Internal Revenue Service (IRS) with direct deposit information in the past.

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US November Car Sales Fell, But That Doesn’t Reflect Underlying Trends

PYMNTS

That’s because when adjusted for three fewer selling days and one less weekend, there was almost no decline at all — meaning an economically crucial rebound in U.S. Nonetheless, the improvement is a positive sign for the country’s economic recovery.”. million auto accounts in some form of accommodation at the end of September.”.

Sales 73
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Holiday Sales Shot Up 8.3 Pct In 2020

PYMNTS

Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year. billion, surpassing its forecast of sales between $755.3

Sales 52