It’s the tip of the work week, and the PYMNTS Weekender is right here to ensure you didn’t miss something with the newest in funds and commerce information. We have deep dives into the money circulate gaps of small and medium-sized companies (SMBs), transit funds and a catastrophe mortgage program.
Top News
SBA: EIDL Emergency Grant Program Runs Out Of Money
The U.S. Small Business Administration (SBA) introduced the tip of the Economic Injury Disaster Loan (EIDL) Advance initiative. The program was made to supply firms financial reduction starting from $1,000 to $10,000.
Visa Launches Visa Installments Pilots In The US
Visa’s rollout of its installment credit score resolution pilots within the U.S., Visa Installments, harnesses Visa software programming interfaces (APIs) and a community of enablers to simplify issuer in addition to vendor integration on the service provider’s digital level of sale (POS).
Robotic Process Automation Tech Firm UiPath Notches $225M
Robotic course of automation (RPA) agency UiPath has raised $225 million in a Series E spherical led by Alkeon Capital Management. Coatue, Sequoia Capital and Accel have been among the many different firms taking part within the spherical.
Bank Of England Chief Sees Bank-Backed Digital Currency On Horizon
The Bank of England (BoE) retains sending optimistic indicators about the potential of a cryptocurrency backed by the financial institution, however anybody wishing for a quick rollout is more likely to be disillusioned.
BoE Governor Andrew Bailey advised college students on a Monday (July 13) webinar, “We are looking at the question of, should we create a Bank of England digital currency.”
How To Drive Success In A Digital 3.0 World
The success or failure of any digital platform is the aptitude to remove friction — to make it simpler for people and firms to work together at scale and make a revenue. Success going ahead will probably be outlined by how firms handle the Digital 3.0 FIT® Framework.
Trackers And Reports
NEW REPORT: Helping Main Street SMBs Close The Cash Flow Gap (Main Street Survey)
Seventy-six p.c of SMBs down Main Street USA have skilled money circulate shortages throughout the 4 months because the starting of the pandemic. How do they intend to maintain up till issues return to enterprise as common?
Can Mobile Solve A City’s Transit Payment Challenges? (Payments Orchestration Playbook)
Demand is spiking for extra touchless, seamless transit funds to assist shoppers navigate security as they journey. PYMNTS explores how standardizing cost portals can foster a extra unified transit expertise and what it might signify for transit’s future.
New Report: How Alipay Fends Off The Fraudsters (KYC/AML Tracker)
Fraudsters are desperate to reap the benefits of cost app customers by conning them into sending funds to the scammers beneath faux pretenses and working plenty of different schemes. As a outcome, cost app suppliers need to create safety by catching crimes within the act and stopping scammers from approaching board within the first place.
PYMNTS explores how Ant Financial has labored to make a clean however safe onboarding and digital cost experiences for these in China.
Fun, Cool and Otherwise Interesting
Casinos’ — And Disney Parks’ — Digital 3.0 Shift
A considerably rocky reopening is happening within the United States as companies intention to merge governmental guidelines with the realities of foot visitors to create new fashions from present retail ideas. This is enjoying out in casinos and theme parks presently.
Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
Large banks started the second-quarter earnings season by reporting shopper banking revenues weakened by the pandemic, however vibrant spots in digital and buying and selling.
Why Large Retailers Are Mandating Masks
When Starbucks, Kroger, Best Buy and Walmart required that every one consumers put on face masks to mitigate the coronavirus’ proliferation, they weren’t simply being compliant as firms. They have been centered on greater than their prospects’ well-being.
The Great Twitter Hack And Power Of Social Engineering
Hacks are sadly a standard actuality, however a hack that efficiently takes over the Twitter profiles of many celebrities like Bill Gates and Elon Musk and will get them to entreat their followers to maneuver cash to a bitcoin deal with stands out.
