PYMNTS

JUNE 7, 2020

Small business lending FinTech iwoca has launched its new iwocaPay service intended to alleviate the woes of unpaid invoices by paying suppliers instantly while allowing businesses to pay on their own time, according to a press release. Christoph Rieche , co-founder and CEO of iwoca, said the idea is to make the whole system fairer.

Lending 151

Lending Tools Fintech Payments 151

Abrigo

NOVEMBER 25, 2019

Key Takeaways Optimizing loan deal flow involves more than number crunching and processes; don't overlook the human component. You can’t stop earning because you’re afraid about the credit environment,” Parliment told hundreds of bankers at Abrigo’s 2019 ThinkBIG Conference earlier this year. You have to earn. You have do it faster.”

Analysis 195

Analysis Training Management Industry 195

PYMNTS

DECEMBER 28, 2020

In the midst of the pandemic, with cash crunches intensifying, this conflict has only proliferated throughout the supply chain. Today, the implementation of trade credit is the closest mechanism the B2B payments landscape has to a BNPL model. A variety of B2B payment tools have stepped up their efforts to address this friction.

Payments 203

Payments Fintech Innovation Cards 203

PYMNTS

APRIL 9, 2020

From coordinating a team of newly remote workers to assessing new business models, the coronavirus pandemic is drastically disrupting the way organizations run and it is forcing a complete rethink of almost every aspect of operations — payments included. The card as a credit instrument is very much on a lot of people’s minds.”.

Cards 232

Cards Payments Tools Operations 232

PYMNTS

OCTOBER 30, 2020

The Federal Reserve Board has modified the terms of the Main Street Lending Program (MSLP) to make it more obtainable for smaller businesses, according to a Fed statement on Friday (Oct. The Main Street program was launched to help businesses facing financial struggles due to the COVID-19 pandemic.

Maine 133

Maine Lending Security Payments 133

PYMNTS

NOVEMBER 16, 2020

According to the release, over half of Irish small businesses named access to credit as one of the biggest reasons they use bank funding. David Avery , Head of AIB Commercial Finance, said completion of the migration was "an important initiative" for AIB.

User Experience 130

User Experience Capital Operations Software 130

PYMNTS

JULY 27, 2020

It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy. Our surveys found that like most consumers and businesses, Main Street SMB owners thought in March that the lockdowns would last two or maybe three months tops. But it also reveals that many SMBs worry about a cash crunch.

Maine 234

Maine Payments Study Survey 234

PYMNTS

MAY 2, 2019

B2B payments are mired in delays, in errors, in an imbalance in funds flow and credit terms. The result is a cash flow crunch. The companies said suppliers can get paid as soon as an order is “captured” through the Brandwise system, and approved retailers get “net 60 terms” on their purchases, within credit limits.

Retail 209

Retail Cards Payments Online 209

PYMNTS

JULY 2, 2020

But as businesses hold onto their cash in preparation for more disruption ahead, an increasing number of firms are also taking a closer look at a different AP strategy that can support working capital needs without creating cash flow issues for valued suppliers. . Optimizing Card Spend. “We’re seeing a lot more of that mentality.”

Cards 260

Cards Capital Strategy Payments 260

PYMNTS

JANUARY 24, 2020

Whether a recession is ahead or not, businesses — and in particular, small- to medium-sized businesses (SMBs) — remain optimistic. The Talent Crunch. Notoriously, small businesses will wait until they’re in trouble, and at that point, nobody wants to open up a line of credit for them,” noted Woloszczuk.

Survey 130

Survey System Capital Management 130

PYMNTS

NOVEMBER 30, 2020

At a time when surging coronavirus counts are once again muddying the outlook for consumers and business owners, MerchantE Chief Financial Officer Shim Steinmetz says the crisis has also provided a silver lining of sorts to nimble FinTechs that can solve merchants’ cash crunch problems. Don’t Put Too Much Faith In Credit.

Fintech 211

Fintech Innovation Analytics Seattle 211

PYMNTS

MAY 21, 2018

Small business invoice financing platform Fundbox is targeting the events industry through a new partnership with Eventbrite. A press release late last week said Fundbox is integrating its solution into the Eventbrite platform to link event creators with access to credit. According to U.S.

Capital 116

Capital Industry Community Data 116

PYMNTS

JULY 7, 2020

Hospitals across the Sun Belt continue to be filled with new COVID-19 patients, and business reopenings have leveled off. General Atlantic’s Dr. Jud Linville On FinTechs, Credit And What’s Ahead For Banks. The uptick in U.S. coronavirus cases could dampen the recovery of the nation’s economy, according to a Federal Reserve official.

Atlanta 131

Atlanta Payments Fraud Fintech 131

PYMNTS

JANUARY 11, 2021

With many businesses lacking the capital to pay their outstanding invoices, "cash-strapped companies will have to switch up their collections playbook to survive," he said. 36 days is now the average time it takes a business to pay its invoice in Australia , an invoice financing company, Earlypay , has revealed in a survey.

Payments 175

Payments Oakland Strategy Capital 175

PYMNTS

APRIL 21, 2020

In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU , a credit union service organization (CUSO), said that the impact to consumer spending will be prolonged, but the recovery will be swift and sharp — depending on where you look. Overall credit card spend was down 29.9 Overall credit card spend was down 29.9

Cards 168

Cards Comparison Payments Mobile 168

PYMNTS

DECEMBER 17, 2019

Running a small business is not for the faint of heart — or the deeply optimistic. About 20 percent of small to medium-sized businesses (SMBs) have failed by the end of their first year. At best, these cycles will lead to cash crunches that slow growth and expansion. The numbers, as offered by the U.S.

Lending 132

Lending Data Retail Capital 132

PYMNTS

AUGUST 4, 2020

Whether through accelerated supplier payment terms or the deployment of less traditional trade service solutions, businesses are finding it beneficial to keep liquidity flowing for themselves and their key partners. That’s not to discount the very real cash flow challenges businesses around the world continue to face today.

Capital 310

Capital Strategy Analytics Innovation 310

PYMNTS

JUNE 29, 2020

. “The stability in invoice volumes and transaction volumes suggest that our customers are managing their businesses during the current situation without major disruption,” Medius CEO Per Åkerberg said in a statement. The United Arab Emirates saw the largest increase in overdue invoices, the report revealed. ” $1.3

Payments 256

Payments Analysis Capital Strategy 256

PYMNTS

FEBRUARY 11, 2019

Hiccups in accounts receivable — such as not getting paid on time — mean that business owners can struggle to meet their own financial obligations. Intuit found through a study that, across the globe, as much as 61 percent of small businesses (SMBs) face difficulties when it comes to managing cash flow. Australia, India and Canada.

Study 203

Study Payments Google Survey 203

PYMNTS

JUNE 8, 2020

April wasn’t a good month for consumer-credit use. All in, consumer credit took a $68.8 billion hit in April, with revolving debts like credit cards taking the hardest hit — falling by a steep 64.9 Non-revolving credit — including student loans and auto loans — fell as well, but only by 4 percent.

Cards 144

Cards Millennials New York Lending 144

PYMNTS

SEPTEMBER 19, 2019

The Asian Development Bank , which ramped up the trade finance industry’s focus on broadening access to small businesses after releasing a report that estimated the global trade finance gap now stands at $1.5 small and medium-sized businesses are feeling the trade finance crunch as corporate customers continue to drag out payment terms.

Regional 117

Regional Analysis Management National 117

PYMNTS

NOVEMBER 27, 2017

With another Small Business Saturday in the books, small- and medium-sized businesses (SMBs) are still kept on their toes by the yearly spike in sales this time of year. For many, that means seeking external financing to fund an increase in business. percent — again, still high, but continually decreasing.

Cards 124

Cards Lending Capital Data 124

PYMNTS

SEPTEMBER 28, 2020

Amazon’s official announcement of Prime Day came with at least one unexpected element, and that was its boost to small businesses. Starting immediately through October 12, Amazon will offer Prime members a $10 credit to use on Prime Day when members spend at least $10 on select small businesses in Amazon’s store.

Retail 141

Retail Online US Survey 141

Abrigo

AUGUST 9, 2019

The current expected credit loss model, or CECL. Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution.

Management 150

Management Conference Lending Training 150

PYMNTS

JULY 31, 2018

BlueVine said at the time that the new financing will go to support its plan to expand its invoice factoring and business line of credit products, and to explore new product categories that cater to small and medium-sized businesses. We’ve really seen the industry mature,” Lifshitz observed. “A

Lending 100

Lending Capital Fintech Online 100

PYMNTS

AUGUST 6, 2019

“The Barneys New York board and management continue to work constructively and collaboratively with a number of parties and are committed to reaching a mutually agreeable resolution to strengthen our business,” a Barneys spokesman said Monday (Aug. There is still the possibility that the deal will fall through.

New York 122

New York Retail Capital Company 122

PYMNTS

MAY 24, 2016

The company, which revealed the statistic on Monday (May 23), said recent regulations pertaining to bank overdrafts have caused the steep decline in small business lending volumes. The value of total bank overdrafts lent to small businesses has dropped by 42 percent over the last five years, Funding Options added.

Lending 101

Lending Trends Regulation Analysis 101

PYMNTS

APRIL 9, 2020

As consumers and businesses clamor to get their money back for trips that won’t be taken or events that won’t be attended (or that have been canceled), operational churn will be a hallmark for many firms. As Gerber explained, a consumer who calls the airline may get a reimbursement to be credited to a travel account.

Operations 298

Operations Regional Industry Course 298

Abrigo

DECEMBER 17, 2016

Ask your business clients how they know whether their business is successful, and many of them are likely to answer: “I check my bank balance.” Excess cash in the business today could be cash available to spend tomorrow on financial planning, an acquisition or succession planning. Ask about credit scores.

Management 150

Management Video Resources Policies 150

PYMNTS

DECEMBER 24, 2020

But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small. Amid shutdowns and travel restrictions, a dramatic decline in business trips had some in the industry wondering what the future of card spend would look like. It may not have been entirely expected, either.

Course 202

Course Cards Capital Payments 202

PYMNTS

MAY 10, 2018

PayPal has released new data regarding the volume of financing placed with small business borrowers via the PayPal Working Capital solution. small businesses with more than $847 million, up from $542 million last June. Small businesses automatically repay loans as a set portion of sales. PayPal U.K.

Capital 116

Capital Meeting Data Report 116

BankUnderground

APRIL 28, 2023

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. For example, the Bank of England is designing a ‘ strong and simple ’ regulatory regime for small banks with simpler business models.

Capital 78

Capital Lending US Data 78

PYMNTS

MAY 29, 2020

Access to capital for small- to medium-sized businesses ( SMBs ) has always been vital, as well as a challenge. In some cases, when a traditional bank shuts the door on an SMB applicant, a business owner may not know where else to turn for capital. But the price tag is rarely painless. In some cases, tax advantages may be available.

Capital 168

Capital Technology User Experience Strategy 168

PYMNTS

JULY 17, 2018

retail giant Debenhams said it is not in a cash flow crunch following reports that insurers have cut coverage of the company’s suppliers, reports in Euronews said Monday (July 16). Sunday reports said insurers had cut trade credit insurance coverage for Debenhams suppliers.

Retail 100

Retail Report Trends Strategy 100

PYMNTS

JUNE 20, 2017

small businesses via its financing solution, which launched in 2014. PayPal made its name pioneering eCommerce, making it possible for businesses to grow their sales and reach millions more customers online,” said PayPal U.K. PayPal U.K. Managing Director Mark Brant in a statement. “In They’re the linchpin of the British economy.

Capital 108

Capital Innovation Course Tools 108

PYMNTS

APRIL 23, 2019

Financial management is mission-critical to the health and vitality of small business (SMB), but it’s also one of the most difficult tasks for entrepreneurs and business owners that may have the skills to launch new products or services, but lack the accounting expertise to handle the numbers. The firm secured $1.8

Fintech 154

Fintech Taxes Capital Analysis 154

PYMNTS

MARCH 30, 2020

For banks seeking to protect profits – and liquidity – keeping corporate clients from drawing down credit lines may be one way to brace against the volatility wrought by COVID-19. Revolvers are variable lines of credit, typically with variable rates of interest, that can be drawn down, repaid and drawn down again.

Lending 140

Lending Operations Course Marketing 140