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The Way We Pay- Before and After COVID
Glen chats with the Atlanta Fed’s Claire Greene about the Diary of Consumer Payment Choice, including new data on behavior at the height of the pandemic. Also- PPP lending leaders, good and bad news for checks, and a caution flag on the payroll tax.
Claire’s views are her own and do not necessarily represent the views of the Federal Reserve Bank of Atlanta or the Federal Reserve System.
Links related to this episode:
The Fed’s Diary of Consumer Payment Choice: https://www.frbatlanta.org/banking-and-payments/consumer-payments.aspx
The Fed’s Check Sample Survey: https://www.frbatlanta.org/-/media/documents/rprf/publications/2020/07/30/2018-check-sample-survey/report.pdf
Recent BIS paper on the safety of cash: https://www.bis.org/publ/bisbull03.htm
Wall Street Journal coverage of the payroll tax deferral plan: https://www.wsj.com/articles/trump-administration-begins-payroll-tax-deferral-plan-set-to-start-sept-1-11598649525
S&P Global Market Intelligence data on top PPP credit union and bank lenders: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/top-ppp-lenders-among-banks-and-credit-unions-60059045
BIG’s ACE service (API Connection Experts): https://www.big-fintech.com/Products-Services/API-Connection-Experts
Best Innovation Group’s ongoing Digital Town Halls for best practice sharing on Credit union responses to COVID-19, held each Wednesday: https://www.big-fintech.com/CU-Digital-Town-Hall
The BIG website: www.big-fintech.com
Follow the Best Innovation Group on Twitter: @bigfintech
Follow Glen on Twitter @154Advisors
Follow John on Twitter @jbfintech