PYMNTS

MARCH 1, 2016

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

Operations 100

Operations Strategy United States Regional 100

PYMNTS

OCTOBER 26, 2018

This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points. raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Businesses across Asia, South Africa, the U.K.

Fintech 192

Fintech Capital Tools Management 192

PYMNTS

DECEMBER 20, 2019

The company connects into small businesses’ bank accounts and credit card transaction data to automate data collection and analytics, providing firms with real-time visibility into their finances. Sleek offers a B2B service that enables startups and young businesses to incorporate and operate, targeting firms in Singapore and Hong Kong.

Management 131

Management Fintech Capital Operations 131

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice. The advantage of working capital is obvious to some degree.

Management 150

Management Resources Capital Taxes 150

PYMNTS

JUNE 14, 2019

Commercial card startup Brex captured headlines this week when it confirmed a significant funding round that propelled the two-year-old startup’s valuation to $2.6 Funderbeam operates a blockchain-powered funding and trading platform for the private sector in an effort to address the small business venture and capital gap.

Fintech 129

Fintech Capital Management California 129

PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

Fintech 154

Fintech Taxes Capital Analysis 154

PYMNTS

MAY 18, 2018

million in the largest investment round ever for a FinTech that operates exclusively in the continent. Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. Endeavour Catalyst and Satya Capital also participated. Small Business Banking. The company raised $47.5 InsightSquared.

Fintech 134

Fintech blockchain Analytics Capital 134

PYMNTS

AUGUST 28, 2019

Small businesses can sign up for an FDIC-insured bank account in three minutes, and can customize the platform to add sub-accounts for payroll, large purchases and taxes. Our team has torn apart the small business banking playbook and created our own digital banking platform and operating model from the ground up.”.

Mobile 144

Mobile FDIC Tools Taxes 144

PYMNTS

FEBRUARY 25, 2019

The solution helps self-employed individuals track business expenses and provide the information to their accountants — for filing Schedule C tax deductions. The virtual card payments are then charged to the companies, saving the non-employees from using their own money. Find these and more recent headlines in the Tracker.

Management 122

Management Software Resources Mobile 122

PYMNTS

DECEMBER 20, 2019

Tons of capital was raised and spent on new systems and processes. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. In the past QSRs could screen for credit card scams right at the point of sale (POS), typically face-to-face with the fraudster.

Mobile 131

Mobile Fraud New York City Metro 131

Abrigo

MARCH 22, 2023

Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

SEPTEMBER 18, 2019

CB Insights found Goldman and Citigroup are the most active of the top banks to invest in FinTechs via their venture capital units, with top financial institutions using these funding strategies as a way to “future proof” their own operations. On the friend side of that, they have the ability to help banks with technology.”.

Fintech 144

Fintech Payments Meeting Capital 144

PYMNTS

JANUARY 17, 2019

As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. receiving paper checks and even fewer using payroll cards. ” In the U.S.,

Capital 173

Capital Tools Survey Management 173

PYMNTS

MARCH 30, 2018

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. ZP Group incorporates three units: a government cybersecurity contractor, a human capital and staffing service and a security advisory firm.

US 116

US Capital California San Francisco 116

PYMNTS

JULY 27, 2018

Cross-border B2B payments company Flywire secured $100 million in funding this week, led by Temasek, while existing backers Bain Capital Ventures and F-Prime Capital Partners also participated. Its tool integrates with existing platforms like QuickBooks, while its features include payments, invoicing, budgeting and tax management.

Payments 101

Payments Capital Security Management 101

PYMNTS

JUNE 28, 2016

On top of that, small businesses are commonly using personal means – friends and family or personal credit cards – to support their enterprises. Some need working capital to grow; others are bracing for working capital fluctuations or economic uncertainty. Demand For External Financing. Adding to the evidence that the U.S.

Capital 106

Capital Lending Survey Cards 106

PYMNTS

NOVEMBER 24, 2020

This is especially challenging for software companies operating across borders as the number of payment methods grows. While it may have been acceptable years ago for a software firm to ignore the 2-3 percent revenue loss linked to billing issues, the most competitive firms will be the ones that can capture that stream of capital.

Payments 151

Payments Software Strategy User Experience 151

PYMNTS

JANUARY 24, 2020

Among the largest is the friction SMB owners face when seeking capital. Often times, he said, SMB owners will wait until they are in a cash flow crunch to seek capital — for instance, when they’re facing a high volume of unpaid receivables — and that’s exactly the moment when banks won’t want to finance that business.

Survey 130

Survey System Capital Management 130

PYMNTS

JANUARY 8, 2020

Square ‘s mobile card reader undoubtedly made a significant impact on the mobile point-of-sale ( mPOS ) market, and kick-started a slew of recent innovations to broaden the ability for small to medium businesses (SMBs) to accept payments just about anywhere.

Mobile 141

Mobile Payments Data Technology 141

PYMNTS

MARCH 12, 2019

For the financial services (FinServ) firms that seek to serve the capital needs of the middle market (which can be defined as companies with a top line ranging from $5 million to $100 million), speed is important — and data is, too. He offered the analogy of a barbell approach, where the biggest companies operating in the U.S.

Lending 100

Lending Marketing Capital Data 100

Abrigo

FEBRUARY 27, 2020

Lending, he noted, is the “tip of the spear” – the activity that gets a financial institution into a business, allowing it to deploy its capital and create a profit through lending as well as cross-selling other products or services that can carry high margins, such as treasury management, corporate cards, or wealth management services.

Lending 243

Lending Survey Data System 243

Abrigo

JUNE 4, 2019

How will CECL impact GAAP and regulatory capital? A final rule modifying regulatory capital rules was approved in December 2018. A final rule modifying regulatory capital rules was approved in December 2018. The actual effects of CECL, however, will vary by institution. the incurred loss method).

Policies 186

Policies Capital Report FDIC 186

PYMNTS

JULY 6, 2020

The number of businesses that reported an increase in BEC attacks targeting their operations increased by 36 percent. ” There is also reportedly evidence that former city officials misused government prepaid procurement cards to purchase goods for personal use.

Fraud 148

Fraud Missouri California Report 148

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Sigma aims to streamline business operations. Growing the internet economy.

Online 98

Online Company Retail Payments 98

PYMNTS

MARCH 29, 2018

Parker said the startup is working to get the payments industry comfortable with the idea of operating in the cloud. Businesses that hope to grow must ask themselves which of their business operations are nonscalable and are therefore holding them back. Here’s what’s been going on in the world of startups in the month of March.

cryptocurrency 109

cryptocurrency Regional Bitcoin Cards 109

PYMNTS

JANUARY 25, 2019

The flow of commerce and capital gets bogged down in phone calls, applications, emails and inefficient risk profiling based on traditional credit models. Credit can bridge the gap as companies run their day-to-day operations, and help them capture top- and bottom-line growth. To that end, Fundbox said in a release on Friday (Jan.

Retail 159

Retail Capital Data Payments 159

TrustBank

DECEMBER 8, 2022

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. As of October, the US ranked 32 nd according to the Organization for Economic Co-operation and Development (OECD) data. What’s left is an estimate of personal savings.

US 52

US Policies Taxes Washington 52

Independent Banker

DECEMBER 31, 2021

Badger Bank is having trouble finding staff “across the board,” from operations to tellers and trust officers. “We Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products.

Community Bank 144

Community Bank Community Lending Louisiana 144

CB Insights

OCTOBER 10, 2018

One of the biggest challenges these companies face is that many operate without a bank charter or license. Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. Neon quickly secured a new partner, BancoVotorantim, to resume card services.

Retail 78

Retail Cards Millennials Mobile 78

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. At the same time, 59% pursued credit to meet operating expenses. A majority of applicants sought less than $100,000.

Lending 243

Lending St. Louis Community Marketing 243

Jeff For Banks

DECEMBER 23, 2016

I believe in compassionate capitalism. For example, in my firm's profitability measurement service for community financial institutions, credit unions make 80-90 basis points pre-tax profit on consumer loans, while banks make an anemic 5-10 basis points. But the tax thing. Wish 1: Banks and Credit Unions - Can We All Get Along?

Taxes 60

Taxes Meeting Resources FDIC 60

PYMNTS

AUGUST 22, 2016

Rogoff also says that cash is used as a tax dodge, as a way to keep illegal immigrants from being paid a respectable wage and for employers to unduly benefit as a result, and for those in European countries as a way to evade the value-added tax and keep the underground economy alive. In other words, not very much for useful stuff.

Payments 100

Payments Bitcoin Cards Taxes 100

PYMNTS

JUNE 14, 2018

Powering the push in spending, according to the Commerce Department reports, are historically low unemployment figures , wages finally starting to show real gains and additional liquid capital among workers due to the tax cuts of late 2017. According to Moody’s forecasts, U.S. indebtedness in 2018.

Retail 108

Retail Bitcoin Course America 108

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. With large banks, including Ally and Capital One, officially doing away with overdraft fees, banks and credit unions will have to decide how they want to handle the new reality. Acronym of the Year.

Fintech 147

Fintech Strategy Leadership Lending 147

South State Correspondent

OCTOBER 4, 2023

Don’t Cut Your Marketing Budget Next Year There will also be a tendency to believe that because your margins will be less next year, you need to save operating expenses, which means budget cuts across the board. Look for news events such as government shutdowns, tax law changes, or disaster preparedness to amplify your marketing.

Marketing 195

Marketing Taxes Training Management 195

PYMNTS

JUNE 29, 2020

He’s never had a single friend start a conversation with an announcement that the person doesn’t know how to do their taxes or plan for retirement. “To To be honest, this started with me and my friends sitting there not knowing how to do our taxes or how any of these things work,” he told Karen Webster in a recent conversation. “It

Millennials 263

Millennials Taxes Cards Fintech 263

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. On average, they tend to be older, more affluent and more likely to have multiple credit cards or lines of credit — and tend to have credit scores north of 700.

Millennials 145

Millennials Lending System Data 145