Aid

UK Treasury Nixes Idea For New Coronavirus Funding Scheme
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
July 02, 2020  |  B2B Payments

The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance,...

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Insurers Pivot To Road Trip, Overseas Pandemic Travel Coverage
Insurers Pivot To Road Trip, Overseas Pandemic Travel Coverage
June 22, 2020  |  Travel Payments

Indiana-based travel insurer Seven Corners is beginning to adapt its offerings to the coronavirus era, with new packages addressing the needs people will have for...

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Uber Assisted Nearly 50K Workers With $19M During Pandemic
Uber Assisted Nearly 50K Workers With $19M During Pandemic
May 21, 2020  |  Coronavirus

Uber said it has so far spent $19 million assisting almost 50,000 drivers and food delivery couriers who came down with the coronavirus or were...

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GOP Says Wait On More Bailout Money
GOP Says Wait On More Bailout Money
May 14, 2020  |  Coronavirus

The Republicans are in no hurry to do another COVID-19 bailout. On Tuesday (May 12), PYMNTS reported that House Speaker Nancy Pelosi proposed a $3...

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Treasury Directs Public Firms To Return Small Business PPP Money
Treasury Directs Public Firms To Return Small Business PPP Money
April 24, 2020  |  Loans

The Treasury Department issued new guidance on Thursday (April 23) directing publicly traded companies to return Paycheck Protection Program (PPP) loans by May 7 if...

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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief
Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief
March 26, 2020  |  B2B Payments

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses...

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US House Wants Economic Stimulus Payments To Leverage eWallets
US House Wants Economic Stimulus Payments To Leverage eWallets
March 23, 2020  |  Coronavirus

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals”...

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Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
March 23, 2020  |  Coronavirus

The Federal Reserve launched a massive aid package on Monday (March 23) to prop up the coronavirus-devastated U.S. economy, unveiling up to $300 billion in...

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Deep Dive: Digitally Disbursing Relief Funds When Disaster Strikes
Deep Dive: Digitally Disbursing Relief Funds When Disaster Strikes
March 13, 2019  |  Disbursements

A series of natural disasters — including hurricanes, wildfires and winter storms — caused approximately $91 billion in damage across the U.S. last year. The...

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