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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Verticals within the SMB realm that may be receptive to online lending, he said, include manufacturing and retail.

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PayPal Extras Mastercard Program Renewed

PYMNTS

On Wednesday (July 27), Mastercard and PayPal announced a multi-year extension of the co-branded consumer credit card program, PayPal Extras Mastercard, in the U.S. and Puerto Rico. “We The PayPal Extras Mastercard is designed to provide PayPal members with additional value with every purchase, both online and in stores.

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Hurricane Florence’s Retail Punch

PYMNTS

Though not expected to be as damaging as the hurricane run that ripped through Texas, Florida and Puerto Rico last year, Hurricane Florence is expected to deal $700 million worth of net negative impact on the U.S. A bad one — bad enough, in fact, to be this week’s biggest fizzle.

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