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Impact of Covid-19 Felt in the Shared National Credit Reviews Released by Bank Regulators

Perficient

” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. percent vs 22.3 percent) subject to negative review was substantially lower.

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Retailer Gap Partners With BNPL Platform Afterpay To Boost Holiday Shopping

PYMNTS

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. The Australian startup founded in 2010 has added a number of new brands over the summer, including Charlotte Tilbury, Fenty Skin, Fila, Huda Beauty, Puma and Vineyard Vines.

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UK Avoids Recession Amid Worst Economic Slowdown Since 2010

PYMNTS

economy ducked a recession but the economy grew at its slowest annual rate since the third quarter in 2010, Reuters reported on Monday (Nov. percent compared with the previous quarter, according to data from the Office for National Statistics released on Monday. Economic output grew 0.3 Economists polled by Reuters had forecast a 0.4

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Mix-N-Match Fake Shopping Holidays For Fun And Profit

PYMNTS

For years, the weekend after Thanksgiving has been a harmonic convergence of made-up shopping holidays, concentrating Black Friday and Cyber Monday into three days of riotous retailing. As a companion to National Salesperson Day on Dec. 14 already has a made-up commercial holiday: National Free Shipping Day , in effect since 2008.

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Some Large Retailers Not Sold On One-Click Ordering

PYMNTS

While Visa and Mastercard are prepared to roll out one-click ordering, some large retailers aren’t convinced. At the heart of retailers’ concern is that the move could prohibit them from routing their debit card transactions to lower-cost networks. Large networks, however, say that the retailers’ concerns are unwarranted.

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Retailers Give Fresh Focus to Single Consumers

PYMNTS

Single consumers are a force of nature as well when it comes to retail. Single people, often neglected by many retailers – at least based on complaints and stereotypes found online – seem to be getting fresh attention in this era of online and mobile shopping, and shopping clubs. Take Costco, for instance. Singles’ Day.

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What’s Next For European eCommerce?

PYMNTS

According to the latest findings of the European Ecommerce Report 2017 , it is a good time to be selling online in Europe — especially since online retail growth has been “exponential” over the last several years. percent of 2016 global retail sales. percent of 2016 global retail sales. “We

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