New Report: Payments, Transparency Build Trust In The Gig Economy
The pandemic affected the freelance market in varying ways, with many workers facing increased economic uncertainty and drawing upon their savings as work opportunities became scarce. The U.S. government has developed programs to help, such as the Pandemic Unemployment Assistance (PUA) program, but freelancers are still waiting weeks in some cases to receive their relief checks. These workers are … Continue reading New Report: Payments, Transparency Build Trust In The Gig Economy Continue Reading
Less than two years after Uber Eats leased kitchens in Paris to restaurateurs so they can prepare food for its online ordering and delivery platform, the San Francisco-based company has called it quits. The Financial Times reported Uber’s “Eats Delivery Hub” has quietly abandoned the initiative as part of its goal to cut costs. “At this point, we don’t … 
Roger Hochschild, chief executive officer for Discover, said most of their customers no longer have trouble with making payments, Bloomberg reported. “Of the customers no longer enrolled in the skip-a-payment program, more than 80% are making payments the following cycle and getting back on their feet,” he said at a virtual conference with investors Tuesday (July 9), … 
The need to stay at home and minimize person-to-person contact during the COVID-19 pandemic has pushed mobile banking use into overdrive. Customers are unable or unwilling to visit bank branches, instead using apps to conduct their financial activities and generating an 85 percent rise in mobile banking activity in April. Offering full-featured digital channels is therefore a must … 
Mortgage closings — especially the notarization process — can be complicated and tedious because of the paperwork involved. Notarization has historically required in-person meetings and the collection and submission of a number of physical documents. Sending and receiving this documentation is not only frustrating for consumers, but also time consuming and vulnerable to errors. The … 
The World Bank projects that $572 billion will be sent from migrant workers to their families abroad in 2020. These payments affect the day-to-day lives of nearly one out of every three humans globally, as the world’s estimated 1 billion migrants each provide for other individuals in their home countries. One might expect that an everyday process … 
Bank-FinTech collaboration continues as more industry stakeholders consider the value of open banking and areas of operations most prime to benefit from the business model. This week’s examination of the latest tie-ups include a new partnership between Coupa and BNP Paribas, as well as a broader discussion of the impact of “open finance” on small … 
With Software-as-a-Service (SaaS) now a staple in the enterprise back office for businesses large and small, data integration has surfaced as a key challenge for firms that need to obtain the highest possible return on investment. In financial functions, adoption of procure-to-pay, expense management, accounts payable (AP), accounts receivable (AR) and other apps is on … 
By its very nature, the freight and logistics arena is mobile, so it may come as a surprise that often times, the technology truck drivers and back-office departments use to move goods from point A to point B is far from mobile-friendly. The pandemic has forced many trucking operations businesses to examine the impact of … 
Digital grocery shopping has mushroomed due to the pandemic, and there’s a stickiness to the COVID-induced changes that cannot be swept away like a spill on aisle five. Providing detailed intelligence and road-mapping for the immediate future, PYMNTS’ June Commerce Connected series done in collaboration with First Data, now Fiserv, notes how consumers have quickly acclimatized to digital/mobile grocery experiences. …