Payments Dive

MARCH 8, 2022

Here's how to protect your business. Criminals are now exploiting the popularity of QR codes.

Fraud 370

Fraud How To 370

PYMNTS

DECEMBER 2, 2020

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. On Tuesday (Dec.

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Capital Lending Online Software 302

Accenture

JANUARY 21, 2021

As of February 1st, Australia enters the next phase of its Open Banking transformation when banks and other financial institutions are required to be ready to share business finance data across the industry…. The post Enabling Open Banking for Business Finance: 5 actions to take now appeared first on Accenture Banking Blog.

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Data Industry 359

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending. Roadblocks to Success.

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How To Lending Software Survey 195

Accenture

MARCH 23, 2022

My first two posts in this series discussed digital banking’s moving goalposts and how the fragmentation and componentization of financial services are disrupting the traditional, vertically integrated business model for banks. The post Banks can use new business models to boost profit appeared first on Accenture Banking Blog.

Fintech 221

Fintech 221

CFPB Monitor

DECEMBER 5, 2023

32 , the resolution introduced under the Congressional Review Act to override the CFPB’s final Section 1071 small business lending rule (1071 Rule). Last week, by a vote of 221-202, the House of Representatives voted to approve S.J. The Senate voted to approve S.J. 32 in October 2023.

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Lending 158

Bank Innovation

FEBRUARY 23, 2020

Amidst the rise of nonbank lenders such as Kabbage, OnDeck, BlueVine and others, Fifth Third Bank is partnering with digital lender Fundation to speed up loan-approval processes for small businesses. With Fundation’s platform, the bank can underwrite businesses it […].

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Guidelines Meeting Technology Customer Experience 293

PYMNTS

SEPTEMBER 14, 2020

Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph. The new rules mandate that, while companies do not have to sell their operations, they must be totally independent from other facets of their business.

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Groups Company Report Operations 362

CFPB Monitor

OCTOBER 19, 2023

32 , the resolution introduced under the Congressional Review Act (CRA) to override the CFPB’s final Section 1071 small business lending rule (1071 Rule). Yesterday, by a vote of 53-44, the Senate voted to approve S.J.

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Lending 158

Payments Dive

OCTOBER 1, 2022

The Local Initiatives Support Corporation has selected 100 active Uber Eats partners, who are primarily business owners of color, to receive $10,000 grants.

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PYMNTS

JULY 5, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said.

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US Nevada Arizona Guidelines 352

PYMNTS

SEPTEMBER 17, 2020

The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Mastercard said it will invest $500 million in Black communities across the U.S. This is a time for action.

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Community St. Louis Los Angeles Ohio 282

American Banker

APRIL 23, 2024

But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals. A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments.

Fraud 80

Fraud Payments Survey Data 80

Payments Dive

APRIL 30, 2019

Retailers need to consider shedding their legacy POS systems to enable mobile payment acceptance, business analytics, EMV security and better inventory management.

System 371

System Payments Analytics Retail 371

Payments Dive

MAY 26, 2023

As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

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Mobile Payments Fraud 243

Payments Dive

JANUARY 16, 2024

Both tech giants will spend this year fighting off rivals hungry for a piece of their payments revenue.

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Google Apple Payments 243

PYMNTS

JANUARY 6, 2021

With businesses large and small increasingly turning their attention toward recovery efforts, the commercial credit card market is exploring ways to help their corporate card holders. American Express Expands Small Business Offering. Neat Debuts Its Visa Card For Small Businesses. Hub-Suite Touts Card Perks For Corporates.

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Cards Utah Capital Video 257

PYMNTS

NOVEMBER 9, 2020

With the global pandemic creating a market of volatility, corporate spend is down as businesses look to safeguard their bottom lines against macroeconomic headwinds. Former American Airlines CEO Robert Crandall told The Wall Street Journal that business travel volumes will never recover. Virtual Cards And Mobile Technology.

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Innovation Fintech Payments Mobile 255

PYMNTS

SEPTEMBER 25, 2020

provided $5 million in grants to support Black-owned businesses in the U.S. To rebuild and succeed over the long-term, it’s important for these businesses to have a strong ecosystem of support,” said PayPal CEO Daniel Schulman in a statement. PayPal Holdings Inc.

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San Jose Baltimore Nebraska Community 261

Independent Banker

APRIL 30, 2022

From contactless payments to the digitization of business-to-business (B2B) payments, trends in business payments are shifting to meet customer preferences, making this space one to watch for community banks. What developments will affect business payments in the short to medium term? By Mary Yerkes.

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Trends Payments Community Bank Community 144

PYMNTS

AUGUST 20, 2020

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. Businesses Ready To Jump Into RTP. Businesses Ready To Jump Into RTP. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity.

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Groups Payments Survey Data 252

Bank Innovation

FEBRUARY 20, 2020

Rapyd, a startup that converts international payments, announced a partnership with Visa this week to grow its card issuing business. “A A major opportunity for us, and we’re seeing this around the world from a sheer use-case perspective, is card issuing,” said Marc Winitz, chief marketing officer at Rapyd.

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Cards US Marketing Payments 284

PYMNTS

AUGUST 4, 2020

The global pandemic has changed commerce fundamentally — a fact confirmed in Visa ’s new Back to Business study. To say that consumers have shifted dramatically toward digital commerce — or that small- to medium-sized businesses ( SMBs ) all over the world have been rapidly pivoting to keep up with them — is almost an understatement.

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Study Survey social media Online 315

PYMNTS

JULY 14, 2020

When consumers fled to online shopping options in Q2, many businesses weren’t set up for digital-first commerce, but quickly figured it out. If you are an offline business that isn’t figuring out how to develop an online offering, you will likely be left behind by competitors.”.

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Innovation Online User Experience Resources 337

BankInovation

APRIL 9, 2024

The London-based bank is beta-testing business banking services, including operational accounts, cards and payments, Chief Executive Rishi Khosla told Bank Automation News. Digital bank OakNorth is in the early stages of testing to provide wire banking services in the United Kingdom. Founded in 2015, the $4.8

Digital Banking 63

Digital Banking Cards Operations Payments 63

PYMNTS

SEPTEMBER 29, 2020

Businesses that rely on manual AR processes tend to have 30 percent longer average days sales outstanding (DSO) and take 67 percent longer to follow up on overdue payments, compared to firms that rely on medium or high levels of automation for collecting receivables. Reliance on manual processes has far-reaching effects.

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Data Innovation Survey Management 303

PYMNTS

JANUARY 6, 2021

Part of the problem is the fact that there’s a huge and super-busy middleman — the insurance companies — between the doctor and patient. Our business model is built around educating the practice on how to take more control of that payment process,” he said. That's why revenue collection as a whole tends to lag.”. LoPresti said U.S.

Payments 263

Payments Industry How To Course 263

CFPB Monitor

MAY 9, 2022

Both notices address the TSR’s exemption of business-to-business (B2B) telemarketing calls. The TSR currently exempts telephone calls between a telemarketer and “any business to induce the purchase of goods or services or a charitable contribution by the business,” known as the B2B exception.

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Compliance Marketing Examples Retail 148

PYMNTS

JANUARY 14, 2021

In one estimate, back in October, Southwest Airlines CEO Gary Kelly told CNBC that it could take 10 years for business travel to bounce back to pre-COVID levels, and where 2020 levels had slumped by 80 percent. Zoom calls have replaced confabs. The ripple effects have been and will continue to be palpable.

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Las Vegas Nevada Meeting Florida 171

American Banker

NOVEMBER 6, 2023

The small businesses that drive the U.S. economy and local economies throughout our nation are being "hung out to dry" by regulators' push for increased capital requirements, according to the head of the Small Business & Entrepreneurship Council.

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Policies National Regulation Capital 92