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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. Burton, the founder of a record label in Arkansas, got $78. bank profits are expected to sink. About 300 SMBs Received Less Than $99 In PPP. 11) announcement.

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Airlines Go Cashless For Checked Bags

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There’s a very small chance somebody is actually using cash,” said Ross Feinstein, a spokesman for American Airlines, according to Arkansas Online. Airlines are even requesting that more airports get on board with the cashless movement, such as the Bill and Hillary Clinton National Airport/Adams Field in Little Rock.

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CFPB highlights credit card complaints in fourth monthly complaint report

CFPB Monitor

The new report highlights credit card complaints and complaints from consumers in the Chicago, Illinois metro area. General findings include the following: As of October 1, 2015, the CFPB handled approximately 726,000 complaints nationally, including approximately 23,400 complaints in September 2015.

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The Countdown To Walmart Pay Is Getting Short

PYMNTS

Three months later – well into pilot programs in Kansas, Arkansas and Missouri and less than 6 weeks before the national rollout is set to start in June, the conversation has shifted to customer service, eCommerce and how well Walmart has prepared to step into the digital arena and fight for dominance.

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Apple Watch Earns Pro QB $5K Scolding From NFL

PYMNTS

Add another job to that list: fine generator for the National Football League (NFL). Apple has added 12 new universities to its contactless student ID program, which allows students to pay for things and gain entry to locked doors, and acts as an alternative to a physical ID card.

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CFPB highlights bank account or service complaints in fifth monthly complaint report

CFPB Monitor

General findings include the following: As of November 1, 2015, the CFPB handled approximately 749,000 complaints nationally, including approximately 23,300 complaints in October 2015. In its Fall 2015 rulemaking agenda , the CFPB estimated that it expects to issue a final prepaid card rule in March 2016.).

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Mobilizing Student Loan Disbursements

PYMNTS

Roughly 19 million college and university students are loading up their cars and heading back to campus for another school year, according to data from the National Center for Education Statistics. They’re using digital payments, putting cards into digital wallets and using peer-to-peer [P2P] systems instead.”.

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