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Shift4 targets more acquisitions

Payments Dive

With corporate valuations on the decline, the Allentown, Pennsylvania-based payment processor is targeting more growth this year in new sectors and additional regions. "We’re going into a climate now where we might find some opportunities that are great strategic fits," CEO Jared Isaacman said.

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US Economy Looks Grim, Philly Fed Study Finds

PYMNTS

“Nonmanufacturing firms reported a significant weakening in regional nonmanufacturing activity this month,” researchers wrote, noting that the survey’s indexes for general activity, new orders and more “all fell sharply and into negative territory this month, coinciding with developments related to the coronavirus.”.

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Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus

PYMNTS

“Nonmanufacturing firms reported a significant weakening in regional nonmanufacturing activity this month,” researchers wrote, noting that the survey’s indexes for general activity, new orders and more “all fell sharply and into negative territory this month, coinciding with developments related to the coronavirus.”.

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Supermarkets Place Limits On Paper Products Amid Rising Coronavirus Cases

PYMNTS

H-E-B put into place restrictions on paper towels and toilet paper as of the end of October at stores in the Central Texas, Border, San Antonio and Gulf Coast regions. Pennsylvania-based The Giant Co. H-E-B, for its part, supervises over 400 retail locations, primarily in Texas.

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JPMorgan Bucks The Trend, To Open 50 New Branches In Philadelphia

PYMNTS

bank based on deposits and branches, reported CNBC, although there are areas and regions where the bank isn’t dominant. In Pennsylvania, for example, Wells Fargo , PNC and Citizens are the leading banks. The move is part of an earlier plan it announced in January, in which it said it would open 400 branches around the U.S.

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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action. Pennsylvania Offers State-Level Support. Below is a roundup of some of the most recently announced measures. Fed Calls On Small Banks. Federal Reserve this week called on small banks around the U.S.

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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges

PYMNTS

Pennsylvania reported similar numbers, with tax revenues from brick-and-mortar gambling dropping to $50.5 As a result, the popularity of brick-and-mortar versus online gaming could vary by region. And, even though revenue for its casinos dropped 61.7 million in March of this year from $67.5 million in March of last year.

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