PYMNTS

DECEMBER 11, 2020

We did more loans in a two-month period than we did in 10 years of SBA lending combined," he said. "We Historically, traditional business lending is based on historical financial performance," he said. Right now, we've been taking a look at 2018 and 2019 tax returns. Reading The Tea Leaves.

Lending 233

Lending Capital Resources Taxes 233

PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns. Singapore, Germany and Hong Kong. Singapore, Germany and Hong Kong.

Taxes 108

Taxes Data Lending Analysis 108

Payments Source

NOVEMBER 25, 2020

Just months after revealing it was testing lending directly to consumers through its Cash App, Square says it is buying the tax business of Credit Karma to bring tax preparation to Cash App customers.

Taxes 94

Taxes Lending Payments 94

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14). ”

Lending 189

Lending Fintech National Taxes 189

PYMNTS

MARCH 19, 2020

ACT said the banks’ program to lend directly to large businesses should be extended to include smaller firms. And, since the central bank has eased its rules governing capital buffers, ACT also advised speeding up lending decisions. The economic effects of the coronavirus are already taking a toll in the U.K.,

Lending 141

Lending Taxes Capital Report 141

PYMNTS

JANUARY 5, 2020

India’s state-owned banks are going through changes that could mean an overhaul in business lending, The Economic Times (ET) reported on Friday (Jan. India’s biggest lender, the State Bank of India (SBI) , is now considering a move to a cash-flow-based lending model from the current asset-based model.

Lending 130

Lending Capital National Taxes 130

PYMNTS

MAY 7, 2018

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 billion a year, reports from Xinhua said.

Taxes 100

Taxes Policies Conference Training 100

PYMNTS

APRIL 22, 2020

The State Bank of Vietnam granted FinTech startup GPay a 10-year license to provide intermediary payment services in the country — electronic payment portals, payment services, digital money transfer services and eWallet services. The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima.

Payments 154

Payments social media Groups Taxes 154

PYMNTS

OCTOBER 22, 2019

Recent short-term , or repo, lending issues have Sen. CNBC is reporting that Warren wrote a letter to Treasury Secretary Steven Mnuchin about the mid-September issues, including a deluge of corporate tax payments and settlements of government bond auctions, both of which have been a drain on a system that normally runs without hiccups.

Lending 101

Lending Regulation Taxes cryptocurrency 101

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? In a recent American Banker. In a recent American Banker. Source: DeBanked ).

Lending 136

Lending Community Bank Community Data 136

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. But that might not be the best move for your financial institution or your community.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

FEBRUARY 2, 2021

While the instant betting and payout abilities are a positive, there is no competing with the black market when it comes to the collection of taxes. It has rapidly become clear to me that this is a meaningful, material, national, new vertical for money-in and money-out, which is what we do for payments,” Edwards said. The High Rollers.

Tennessee 262

Tennessee Payments social media Regulation 262

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. For instance, instant payments are most prevalent in the worlds of wages, insurance disbursements and lending payouts, according to the survey results. Fast Fact No.

Trends 306

Trends Study Taxes Payments 306

CFPB Monitor

OCTOBER 12, 2021

Hawaii recently enacted significant changes to its small-dollar lending law that repeals existing Hawaii law on deferred deposits and creates a new regime for installment loans. A lender can contract for payments to be made every two weeks, twice a month, or monthly. Although H.B. The definition of “installment lender” in H.B.

Hawaii 78

Hawaii Lending Illinois Taxes 78

PYMNTS

SEPTEMBER 12, 2018

In its monthly Small Business Lending Index, released Tuesday (Sept. When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement.

Lending 102

Lending Community Bank Taxes Community 102

PYMNTS

FEBRUARY 8, 2018

Small business hiring may have petered out in January, but lending to SMBs certainly didn’t. The latest Biz2Credit Small Business Lending Index found SMB lending among large financial institutions (FIs) continued to climb, reaching a 25.3 percent approval rate in January.

Lending 108

Lending Taxes Regional Analysis 108

PYMNTS

AUGUST 21, 2020

Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars. The Main Street Rescue That Wasn’t (And Still Isn’t).

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

Abrigo

MAY 1, 2020

However, loan payments are deferred for six months, so presumably, borrowers would want to apply before payments come due. Payments of interest on mortgage obligations incurred before Feb. 15, 2020, rent payments on leases dated before Feb. 15, 2020, and utility payments under service agreements dated before Feb.

Taxes 195

Taxes Lending Payments Report 195

MyBankTracker

MARCH 24, 2021

The 2021 tax season is likely to stand out from previous years as many Americans might need their tax refunds more than ever. According to a recent MyBankTracker survey, Americans are most likely to put this year’s tax refunds into savings, which may not come as a surprise. percent) of a tax refund for the 2021 tax season.

Taxes 52

Taxes Survey Study United States 52

PYMNTS

MARCH 2, 2020

Late payments are a reflection of a broader challenge in B2B payments: Large corporate buyers can wield their market power with small suppliers that lack leverage to negotiate faster payment terms. But late payments aren’t the only symptom of unequal B2B relationships. In the context of late payments in the U.K.

Payments 143

Payments Report Training Regulation 143

Abrigo

OCTOBER 15, 2020

Key Takeaways Economic relief payments are often subject to fraud – PPP is no exception. Economic relief payments are often subject to fraud, and the Paycheck Protection Program (PPP) is no exception. Lending & Credit Risk. SBA Lending. PPP Lenders Starting to See Payments from SBA. Lending & Credit Risk.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

FEBRUARY 10, 2020

China’s Central Bank To Start Re-Lending Funding To Fight Virus. Amazon (And Others) Brace For India’s New eCommerce Tax. India has levied a new tax on eCommerce companies and platforms. The Peoples’ Bank of China will release a set of funds earmarked for activities and production related to fighting the coronavirus.

US 142

US Taxes Millennials Payments 142

PYMNTS

MARCH 12, 2019

Nature abhors a vacuum, as the saying goes, and we might say the same for corporate lending. where smaller firms seem stuck in a limbo of fragmented lending solutions, and where loans are pricier than might be seen elsewhere. Data helps lenders make the best risk-adjusted lending decisions.

Lending 100

Lending Marketing Capital Data 100

PYMNTS

SEPTEMBER 27, 2019

This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. Operating out of New Zealand, Hnry offers gig economy workers tax administration technology that has just caught the attention of investors to the tune of $1.35 Everledger.

Payments 149

Payments Capital Taxes Lending 149

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

JANUARY 23, 2020

Discover Financial Services posted fourth-quarter results that topped earnings expectations on the heels of loan growth and payments volume. The company said in supplemental materials filed alongside its earnings report that payment services volume was $66 billion, up 9 percent versus the prior year.

Payments 130

Payments Conference Taxes Cards 130

PYMNTS

NOVEMBER 10, 2017

But just as fitness workers are helping clients shed their spare tires and find newfound flexibility, new disbursement solutions are helping these professionals embrace more modern payment delivery methods and scheduling tools. On that note, banking customers in Australia are getting their first exposure to real-time payments.

Tools 101

Tools Trends Payments Taxes 101

PYMNTS

AUGUST 7, 2018

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

Lending 100

Lending Survey National Trends 100

PYMNTS

APRIL 27, 2020

The key groups who will receive these payments include people who aren’t required to file tax returns, such as those who receive Social Security, Supplemental Security Income (SSI) and veterans’ affairs benefits. In addition, tax filers who have recently provided bank information to the IRS will get the payments.

Taxes 257

Taxes Security Payments Tools 257

Perficient

NOVEMBER 30, 2021

Activities involving payments, including stablecoins. Imagine the complexities that will abound when structured notes, which are notes that have a built-in derivative, begin to peg their principal and interest payments to the value of a stablecoin. Regulators will be looking to avoid a digital asset version of the S&L crisis.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

PYMNTS

APRIL 8, 2020

Payment and data application programming interfaces ( API s) are changing that, however. Such solutions can also bolster countries’ payment digitization efforts and facilitate cross-border trade, and FIs are eager to provide them. Enabling Digital Payment Acceptance. APIs are applicable in many other sectors, too.

Taxes 247

Taxes Examples Payments Mobile 247

PYMNTS

JANUARY 10, 2020

percent drop in share prices, and Netherlands payments firm PayU buys a majority stake in the India FinTech PaySense. Netherlands payments firm PayU announced on Friday (Jan. 10) that it is acquiring a majority equity stake in PaySense with the intention of merging it with the Indian consumer lending business LazyPay.

Fintech 131

Fintech Payments Policies Taxes 131

PYMNTS

MARCH 27, 2018

Thus: short-term lending, massive debt and a financial black hole that gets deeper and deeper. The company – which provides both financial education and short-term lending programs to more than 100,000 employers, who in turn offer them to their employees – was born of Kilby’s personal experience.

Taxes 101

Taxes United States Lending System 101

PYMNTS

NOVEMBER 20, 2018

Banking technology provider Cashplus is introducing a new application program interface (API) designed to allow small and medium-sized businesses (SMBs) to make mass payments to their vendors simultaneously. The Payments API is rolling out ahead of the U.K.’s A press release Monday (Nov. 19) said Cashplus, based in the U.K.,

Payments 108

Payments Taxes Data Lending 108

PYMNTS

DECEMBER 27, 2020

I think ultimately, the digital dollar is going to become a thing, and that is going to allow for better, cheaper, faster payments. It’s going to completely change the way we interact with money in a way that I don't think we're used to, because we're so used to banks,” Gouldman said.

Report 245

Report cryptocurrency Bitcoin Taxes 245

Abrigo

SEPTEMBER 5, 2023

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). and property tax payments. The following is an example of how I would address the structural exception of non-recourse lending.

Policies 195

Policies Lending Risk Management Examples 195

PYMNTS

JANUARY 28, 2020

Last year, Intuit ’s global survey revealed 61 percent of SMBs struggle with cash flow, with payment processing delays one of the largest culprits of this challenge. Only weeks later, SMB lending platform Kabbage found nearly two-thirds of SMB owners cite cash flow concerns as the cause for their anxiety.

Payments 151

Payments Data Survey Management 151