WeWork Eyes Closing Doors On Its WeLive Shared-Housing Communities
WeWork is considering ending its plans for WeLive, its communal living program based in Crystal City near Washington D.C., Bloomberg reports from anonymous sources. It is also reportedly weighing options for its second location, on New York City’s Wall Street, although nothing is decided and talks are still in early stages. WeLive allows customers to rent fully-furnished apartments for … Continue reading WeWork Eyes Closing Doors On Its WeLive Shared-Housing Communities Continue Reading
Adoption of faster payments infrastructure is on the rise, particularly in the payroll sector. With real-time payments becoming a reality for more business use-cases, industry stakeholders are increasingly exploring how to integrate faster payments into their existing payments workflows. This week’s look at payment rail innovation explores how those stakeholders are pursuing a unified payments … 
The financial services community continues to rally around America’s small- to medium-sized businesses (SMBs) with the understanding that Main Street remains the backbone of economic recovery. As businesses take their first steps toward reopening, there is cautious optimism to be had. A recent U.S. Chamber of Commerce poll found a significant drop in the percentage of SMBs … 
Grocers have found themselves dealing with consumers rushing to online solutions as health concerns and product shortages drove them to seek alternatives during the COVID-19 pandemic. Data from the first week of March showed that just 11 percent of surveyed U.S. consumers were buying groceries through digital platforms, but that share increased to 37 percent by March … 
Pinterest, the popular image-sharing board, is trying to balance its need for revenue while also trying to maintain a space for cash-strapped advertisers to utilize, The Wall Street Journal reported. The advertisers, mainly retailers and packaged-good companies, have been asking San Francisco-based Pinterest for extensions on ad payments recently, leaving the website in a bind as it … 
As the worldwide push to beat the coronavirus continues with social distancing measures almost everywhere, Apple has a new plan for software to allow for “socially distant group selfies,” CNN reports. The tech giant filed a patent with the U.S. Patent & Trademark Office for a new app that would allow multiple people to take selfies and combine … 
The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The two years since have led governments around the world to launch initiatives exploring innovative digital connection strategies for financial institutions (FIs) and merchants as well as their customers. The COVID-19 pandemic’s impact on … 
In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of respondents said they are “very” or “extremely” likely to consider a firm’s digital offerings when deciding where to spend their money. Well over half are “somewhat” or “slightly” likely to choose based … 
Remember when omnichannel was “the thing” that would save retail? More recently it’s been payments choice. As summer 2020 gets underway and reopening along with it, digital as a way of operating smarter and faster … without having to touch anything … is the surest bet now. “States across the U.S. are following through with … 
Macy’s Inc. reported that its reopened stores are “performing better than anticipated” in its preliminary first-quarter 2020 financial results. The department store retailer said it had roughly 450 retail locations reopened by June 1, with many opened in their complete format, and that curbside pickup was “performing well,” according to an announcement. “The COVID-19 pandemic significantly impacted …