PYMNTS

MAY 25, 2018

The wallets of small business (SMB) owners are bulging with plastic, thanks in large part to the difficulty of securing funding, which leads to those merchants using their personal credit cards to meet expenses. That’s according to Nav , which helps business owners find financing and access credit.

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Cards Data Survey Meeting 113

PYMNTS

JANUARY 10, 2019

LendUp has announced it is scaling its credit card business as a stand-alone company, Mission Lane. LendUp’s business will now focus on personal loans, gamified education, and savings opportunities as an independent company. She will also join LendUp’s board.

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BankInovation

JULY 5, 2023

Square has teamed up with American Express to launch business credit cards to its customers. The launch is in beta phase with an unknown number of Square’s merchants using the card.

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Cards Data Fraud Management 52

PYMNTS

SEPTEMBER 13, 2018

Discover is adding to its suite of commercial card products. Its newest offering, the Discover It Business credit card, was announced in a press release Wednesday (Sept. The Discover It Business card does not charge foreign transaction fees or a late fee on the first payment.

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Cards Customer Experience Security Management 117

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Kearney found 26 percent of small business cardholders have community banking relationships in place. There’s a lot of runway here.

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PYMNTS

OCTOBER 2, 2020

In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. for General Motor's Credit Card Business. Goldman Sachs will buy General Motors’ credit card business for approximately $2.5 Goldman to Pay $2.5B

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Payments Dive

JANUARY 3, 2024

The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.

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The Paypers

JANUARY 9, 2024

India-based PayMate , a B2B digital payments company, has partnered with the National Bank of Oman (NBO) to digitise and automate B2B payments using Visa Business Credit Cards.

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BankInovation

SEPTEMBER 18, 2020

The plastic credit card consumers keep in their wallets may soon change. With more consumers demanding eco-friendly business practices, issuing banks could benefit from using more sustainable card materials, according to Aite Group’s report, “Eco-Friendly Card Material: Bringing Sustainability to Card Issuance.” “Not

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Cards Report Groups Payments 98

BankInovation

JANUARY 26, 2021

But do you have the analytics tools that can transform your debit and credit card data into actions that drive measureable strategic and profitable business decisions? Here are three steps to take that can help you to improve the performance of your debit and credit card portfolios. Plenty of it.

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Cards Analytics Tools Data 94

ABA Community Banking

NOVEMBER 24, 2020

Small business credit card customer satisfaction declined nine points from last year (falling to 840 on a 1,000-point scale) as 91% said their business has been affected by the pandemic, according to a new survey by J.D.

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Cards Survey Community Bank Community 96

PYMNTS

OCTOBER 7, 2016

A judge is allowing small businesses to sue the major credit card companies for forcing them to adopt chip readers at the checkout counter — a case that could become a multi-billion-dollar class action. And it’s much slower to process transactions than the old magnetic stripe cards. To business owners, it’s a raw deal.

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MyBankTracker

JULY 23, 2020

Much like personal credit cards, you can be stuck with a tough decision choosing a business credit card. You may have to consider the rewards program or the card’s perks that may help your business operations. credit card issuers and banks offer very attractive choices (not surprising).

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ABA Community Banking

NOVEMBER 24, 2021

Small business credit card customer satisfaction surged 12 points from last year (rising to 852 on a 1,000-point scale) as 32% of small business customers say they are financially better off than they were a year ago, according to a new survey by J.D.

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Cards Survey Community Bank Community 52

The Financial Brand

JANUARY 14, 2024

This article Business Credit Card Issuers Face Competition but Also Opportunities in BNPL appeared first on The Financial Brand. Small businesses lean on credit cards, but new options from Affirm and others will force card programs to compete with buy now, pay later.

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Cards Branding Trends Lending 30

PYMNTS

NOVEMBER 16, 2016

15) the launch of a new small business card dubbed Chase Ink Business Preferred. According to Chase, the credit card awards business spenders with three points per dollar on the first $150,000 spent each account anniversary year. JPMorgan Chase announced Tuesday (Nov.

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PYMNTS

DECEMBER 23, 2020

China Extends Economic Stimulus Measures For Small And Micro-Businesses. Ant Group Curbs Credit Limits Of Some Users Of Virtual Credit Cards. That arm of the FinTech company provides a virtual credit card. based Liberis has raised £70 million (about $93.5 million) in financing. and Europe. “The

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Groups Cards blockchain Payments 148

The Paypers

JULY 27, 2023

Canada-based commerce platform Shopify has announced the launch of Shopify Credit, a business credit card made for the platform’s merchants.

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Cards 36

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending.

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Lending Trends Capital Strategy 195

Payments Source

JANUARY 7, 2021

American Express is reportedly under investigation by a top federal agency exploring allegations of unethical sales tactics by the company’s small-business credit card sales representatives.

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Cards Report FDIC Compliance 77

PYMNTS

MARCH 27, 2017

Fair Square Finanical Holdings, a newly formed company, recently launched consumer credit cards under the name Ollo. In a press release Friday (March 24), Fair Square Financial said it received an equity commitment to finance card issuance from Pine Brook, an investment firm focused on building financial services businesses.

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Cards Capital Meeting Risk Management 100

Payments Source

OCTOBER 23, 2019

Visa is retooling its small-business credit cards by expanding credit card lines, adding travel insurance and product-warranty extensions and making it easier for business owners to integrate card accounts with accounting software.

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Cards Software Payments 68

The Paypers

JUNE 29, 2022

PayPal has expanded its credit offerings with a new business credit card to meet financing needs of small business owners in the US.

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Cards Meeting US 36

Payments Dive

JUNE 23, 2023

The online broker said it agreed to acquire the credit card business for $95 million. X1 doesn’t charge card holders annual or late fees, but does charge interest.

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The Paypers

OCTOBER 4, 2022

UK-based fintech Payhawk has launched business credit cards with built-in spend policies to offer UK enterprises an alternative between credit and debit cards.

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Bank Innovation

MARCH 14, 2017

Indiegogo’s for-profit payment processing already relied solely on Stripe, so this means all credit card payments on the crowdfunding platform now use the service built by the billionaire Collison brothers. Not-for-profit processing was formerly done by FirstGiving, […].

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Cards Innovation Payments Online 199

American Banker

JANUARY 7, 2021

American Express is reportedly under investigation by a top federal agency exploring allegations of unethical sales tactics by the company’s small-business credit card sales representatives.

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Cards Report FDIC Compliance 71

Payments Dive

NOVEMBER 17, 2023

Credit card spending for small businesses has largely been flat relative to last year, but balances have risen, the Bank of America report said.

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America Cards Report 259

Payments Dive

JULY 5, 2022

As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital.

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Cards Payments Capital Company 418

The Paypers

DECEMBER 5, 2022

UK-based digital bank Cashplus has rolled out a next-generation credit card functionality for small businesses and sole traders.

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Cards Digital Banking 36

Payments Source

MARCH 26, 2018

Bank of America is giving its small-business credit card customers some of the key features of the credit card rewards it offers consumers.

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Cards America Payments 63

Chris Skinner

MARCH 2, 2020

I just received a report from Deloitte about credit and debit cards. It says the future is not so bright: “more payment choices, along with changing consumer preferences, are threatening the long-term viability of the credit card business model.” I said that fifteen years ago.

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Cards Report Payments Mobile 532

Perficient

NOVEMBER 22, 2023

Rising Credit Card Debt and Interest Rate Impact Since early 2022, the Federal Reserve has raised interest rates 11 times , impacting both student loans and credit cards. Credit card interest rates have hit a record-high average of 22%. Delinquencies are on the rise, particularly among subprime borrowers.

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Payments Source

JANUARY 10, 2020

A strong economy in 2020 could lift the small-business card market, which is an important source of lending and payments for entrepreneurs and local merchants.

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Cards Trends Lending Marketing 120

Payments Dive

AUGUST 14, 2023

The store uses AiFi and Verizon Business technology to power a frictionless shopping experience where customers swipe a credit card at the entrance, grab their items and leave.

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San Francisco Cards Technology 195

Bussman Advisory

MAY 22, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post China bans banks from cryptocurrency business | JPMorgan plans to issue credit cards to people with no credit scores | The truth behind five ESG myths appeared first on Bussmann Advisory AG.

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cryptocurrency Cards Fintech Industry 52

Abrigo

MARCH 14, 2024

You might also like this SMB Lending Insights report for banks and credit unions Download report Takeaway 1 Banks need to implement customer retention strategies to keep their valuable customers, not just attract new ones. For customers who have one piece of business and may not be paying a lot, you may not go out of your way to retain them.

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