Contactless payments jump 40% as shoppers fear germs on cash and credit cards, Mastercard says

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Contactless payments jump 40% as shoppers fear germs on cash and credit cards, Mastercard says

The credit-card giant saw a 40% jump in contactless payments — including tap-to-pay and mobile pay — during the first quarter as the coronavirus pandemic worsened. Mastercard CEO Ajay Banga says the shift was being driven by consumers “looking for a …
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The Implications of GASB Statement 87 on Lease Accounting

Effective for fiscal years beginning January 1, 2020, a new approach for accounting and reporting leases will be required for state and local
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Lyft to lay off 17 percent of staff as coronavirus takes toll

Lyft is laying off 17 percent of its staff, the company announced Wednesday, after the coronavirus crisis wrought havoc on the ride-hailing business and cut substantially into its revenue. The layoffs will amount to nearly 1,000 jobs. In an email to the company’s …
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KFC parent Yum says April sales improving after virus hits Q1

(Reuters) – Yum Brands Inc (YUM.N) said on Wednesday sales in April showed signs of improvement as stay-at-home consumers ordered in more and diners returned to restaurants after certain countries started to ease restrictions. FILE PHOTO: A person …
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Flexsteel to permanently close Dubuque manufacturing facility

DUBUQUE, Iowa (KCRG) – Flexsteel Industries, Inc. said it will be permanently closing its Dubuque manufacturing facility. The Dubuque-based company said it’s exiting the recreational vehicle and hospitality businesses due to declining customer demand …
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