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Square: Card Not Present Transactions, Square Card Spend See Gains In Q3

PYMNTS

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Square Card And Card Not Present . Total net revenues of $3 billion were up from $1.9 stimulus funds.”.

Cards 158
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EU Wants US Tech Giants To Pay Revenue Tax

PYMNTS

Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./ They would like the EU to develop a region-wide plan to implement their proposal, and plan to present it to all 28 EU finance ministers at a meeting next week. billion in revenue tax.

Taxes 115
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Visa On Tap To Pay, Cash Displacement And B2B Payments

PYMNTS

At its investor day presentation Tuesday (Feb. McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. He said that the $120 trillion B2B market, as measured in payments volume, is tied to lower velocity but higher value flows.

Payments 163
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Virtual cash management: A catalyst for new business models for European transaction banks

Accenture

European banks are in the midst of a ‘perfect storm’ of negative interest rates, regulatory pressures and market disruption, and are in search of new sources of value. The solution of choice for each bank must be qualified based on the specific characteristics of its client segments and local market considerations.

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How To Sell Prepayment Provisions In Commercial Loans

South State Correspondent

In a competitive market for commercial loans, every feature that can preserve credit quality or maintain pricing can be valuable to the lender. Many community banks will market their fixed rate loans based on the simplicity of the prepayment provision, and this starts by understanding the value that each provision creates.

How To 195
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Reading The Tea Leaves Of Post-Pandemic SMB Lending

PYMNTS

The PPP initiative was instrumental in helping small businesses navigate market volatility in the near term. According to Puskar, the current climate has forced lenders like Eastern Bank to shift their mindsets toward the present and future, rather than solely the past. Right now, we've been taking a look at 2018 and 2019 tax returns.

Lending 233
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The link between mortgage debt servicing burdens and arrears: is there a critical threshold?

BankUnderground

It is calculated by taking a household’s mortgage payments (including interest and principal) and dividing them by their pre-tax income. We find no evidence of a critical threshold The analysis presented in this blog is based on data from two UK household surveys: the Bank of England/NMG survey and the ONS Wealth and Assets Survey (WAS).

Survey 60