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How Payments Can Adjust to the Coronavirus Pandemic–and Help the World Adapt

How Payments Can Adjust to the Coronavirus Pandemic–and Help the World Adapt

“As the catastrophic human costs of the coronavirus come into clearer focus, so too do the consequences for people’s well-being beyond the immediate imperative to safeguard lives. Taking care of our families and friends, our neighbors and communities, our employees and coworkers comes first. For that reason, companies across industries and geographies have scrambled to establish [...]

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Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

“Macy’s is one of many retailers reeling from the COVID-19 outbreak, furloughing most of its 130,000 employees after closing its 800+ stores. But the effects also have hurt Macy’s status as a U.S. business power player: the department store is being removed from the S&P 500 Index. Macy’s will be replaced by air conditioning company Carrier Global, according to S&P Dow [...]

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Study Indicates Mid-size Banks Are Slow Embracing Digital Delivery and Automated Services

Study Indicates Mid-size Banks Are Slow Embracing Digital Delivery and Automated Services

“Thirty-two banks with median assets of more than $4 billion participated in the study, which collected nearly 300 spending, operations and staffing benchmarks across dozens of bank areas. The study’s findings when compared to the firm’s 2017 report showed that bank assets grew 30%, staff grew by 5%, assets per employee increased 18%, assets grew [...]

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