New shopping patterns from housebound consumers are fueling growth in gift and e-gift products, according to Blackhawk Network and Facteus. Researchers found consumers are using digital e-gifting networks, platforms and products to support local business owners and charitable causes during the coronavirus pandemic. Insights from ThetaRay indicate cybercriminals are exploiting work-from-home environments.
Payroc rolled out a Payroll Protection Program assistance initiative through a partnership with Womply and Cross River Bank. It is part of a suite of solutions designed to assist Payroc's channel partners and small and midsize business owners affected by the COVID-19 crisis. Payroc CEO James Oberman noted that any federally insured bank can make PPP loans.
Zoom Video Communications launched a 90-day security plan, designed to protect channel partner and end-user privacy and security following a trove of "Zoombombing" attacks against the popular video platform. Consultant Alex Stamos, former chief security officer at Facebook, will assist Zoom's newly formed CISO council and advisory board.
Throughout the global coronavirus pandemic, ISOs, service providers and merchant level salespeople have been deploying tools, supplies and resources to sustain merchants, families and communities. Designed to fight fraud and improve productivity, these diverse assets include cybersecurity guidance, pay-later features on mobile apps and digital dashboards to assist managers who are working remotely.
Legislation signed into law on April 24, added $310 billion in funding to the Payroll Protection Program, meaning small businesses that missed out on the initial $349 billion round of funding can now apply for forgivable loans. Coinciding with the bill's signing, the SBA stated it would adapt its internal systems to support the expanded lending. Much of the original batch of money didn't make it to small businesses.
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