Fintech Finance

DECEMBER 12, 2023

Over half (55%) of SMEs say that late payments have increased in the last six months, with knock-on effects being compounded by the rising cost of doing business. As a business, knowing that you can rely on payments being received in near-real time can make a world of difference.

Small Business 52

Small Business Near Real-Time Payments Research 52

Fintech News

NOVEMBER 20, 2024

A focus on Southeast Asia Founded in 2017 and headquartered in Shanghai, XTransfer is a business-to-business (B2B) cross-border payment specialist. But in B2B payments, the size of that market is much larger, ten times larger than business-to-consumer (B2C).” Moreover, customer acquisition is more difficult in B2B.

Cross-Border Payments 57

Cross-Border Payments Cross-Border B2B Due Diligence 57

The Fintech Times

SEPTEMBER 23, 2024

One in six B2B suppliers now give business customers over two months to pay their invoices, according to a joint report by economic consultancy Cebr and European small business lender iwoca. Two-thirds (66 per cent) of B2B sellers report that offering trade credit has boosted their sales.

B2B 69

B2B Adjustments Payments Risk 69

PYMNTS

AUGUST 12, 2020

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. small business lending platform Funding Circle is reportedly considering whether to wield open banking to enhance its own product offering. Agora Services To White-Label Technology.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. Not sure where to start?

B2B 88

B2B Process B2C Credit Cards 88

Payments Source

SEPTEMBER 25, 2019

Today, borderless supply chains define business opportunities and brick and mortar presence is just an afterthought, says Amex's Dean Henry.

Small Business 117

Small Business B2B Payments Cross-Border Payments 117

PYMNTS

APRIL 8, 2019

Hundreds of thousands of new small businesses (SMBs) open their doors every year in the U.S., The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm.

Small Business 111

Small Business Accounts Verification On-Demand 111

PYMNTS

NOVEMBER 5, 2018

According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. ACH may be the most popular ePayments rail option for B2B transactions in the U.S. today, but it’s not the only one.

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

NOVEMBER 28, 2018

Earlier this week, reports said two researchers from Bloomsberg University of Pennsylvania made their case for safe harbor rules and overall easing of regulatory penalties for small businesses hit by a cyberattack. Yet small businesses rarely have the resources to pay and survive fines of thousands or even millions of dollars.

Small Business 78

Small Business Cybersecurity Ransomware Compromise 78

Finextra

SEPTEMBER 25, 2024

Apron, the business payments powerhouse, has raised a $30 million Series B funding round to help more small business owners make it by digitising and simplifying the payments process, and bring greater security to these companies’ cash flow.

B2B 52

B2B Small Business Payments Business Payments 52

PYMNTS

OCTOBER 5, 2020

Kevin Phalen , head of global business solutions at Visa , told Karen Webster that the consumerization and the digitization of the B2B space are enabling firms to get the job — moving money — done with efficiencies previously unknown. B2B is poised to make the same leap. And above all: Safe.

B2B 137

B2B Payment APIs and Integration Payments Push-to-Card 137

PYMNTS

DECEMBER 28, 2020

In this week's B2B Data Digest, PYMNTS breaks down the numbers behind the latest cases of fraud, including the growing risks of small business loan fraud, a case of expense fraud, and the ever-persistent Business Email Compromise risk intensified by Brexit uncertainty.

B2B 116

B2B Email Compromise NACHA Small Business 116

PYMNTS

AUGUST 7, 2020

Nevertheless, this week’s B2B venture capital roundup found some healthy investment for startups in both Europe and the U.S., In Germany, Candis, a B2B platform to automate accounting and payments for businesses, announced a $15.8 based small business lending platform iwoca, which secured $131.45

B2B 100

B2B FinTech Small Business Participant 100

PYMNTS

JULY 9, 2020

When it comes to B2B payments, the mobile device has limited traction. adoption is typically limited to contexts in which an individual may be making a purchase in a retail setting on behalf of a company: a professional on a business trip paying for lunch, for instance, or a delivery driver refueling while on the road.

B2B 82

B2B Cross-Border Cross-Border Payments Small Business 82

PYMNTS

MARCH 4, 2020

Kabbage , which works with business analytics, has launched a new program that promises to help small- to medium-sized businesses (SMBs) calculate and predict cash flow and help them identify cash surpluses and deficits, according to a press release. Kabbage CEO Rob Frohwein said he can relate. “As

Small Business 67

Small Business Ubiquitous Payroll Addressing 67

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Based in France, Memo Bank announced a $22.5 million investment round this week.

B2B 115

B2B Finance Small Business Underwriting 115

Finovate

NOVEMBER 14, 2024

Paychex launched Paychex Funding Solutions , expanding its offerings into small business lending to give SMBs quick access to funds via invoice factoring. Paychex Funding Solutions supports B2B companies by providing capital based on customer creditworthiness to help them cover payroll, vendor payments, and growth needs.

Product 59

Product Payroll Small Business Underwriting 59

Payments Dive

DECEMBER 1, 2022

The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

B2B 88

B2B Small Business Payments Product 88

PYMNTS

JUNE 26, 2018

American Express (Amex) and Amazon have teamed up to release a new commercial card product designed for small businesses (SMBs) buying on the Amazon platform. The card solution will include integrated spend management features, enabling small firms to gain insight into purchasing activity.

Small Business 59

Small Business Credit Cards Commercial Card Reconciliation 59

PYMNTS

AUGUST 31, 2020

Flipkart has rolled out its Flipkart Wholesale operations, which serves as a B2B marketplace for small businesses and shops. Change the way you buy bulk products for your business with Flipkart Wholesale’s efficient technology and logistics,” Flipkart Wholesale said on its website.

B2B 101

B2B Small Business Acquirers Finance 101

PYMNTS

SEPTEMBER 18, 2020

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability.

B2B 90

B2B Small Business Participant Non-Bank 90

PYMNTS

JANUARY 9, 2019

small business owners last year, it appears the trend may be over. are less optimistic about the national economy, with economic outlook dropping for the fourth month in a row, according to analysis from the National Federation of Independent Business (NFIB). After record levels of optimism among U.S.

Small Business 67

Small Business Disputes Economy Credit Cards 67

PYMNTS

OCTOBER 1, 2018

The financial institution released the results of its Small Business Payments Spotlight survey last week, which surveyed more than 500 small business owners and 500 consumers in the U.S. Bank of America said data breaches can be “devastating” to small businesses.

Data Breach 72

Data Breach Small Business Breach Business Payments 72

PYMNTS

MARCH 1, 2019

Cash flow management challenges can burden small business owners struggling to pay vendors and employees, but a new report from Kabbage finds that entrepreneurs often go unpaid themselves. In a statement, Kabbage CEO Rob Frohwein said he is “familiar with cash flow challenges” related to running a small business.

Small Business 58

Small Business Payroll Checks Finance 58

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. Palette Software Integrates With Aptean ERP For B2B AP Automation.

Credit Risk 88

Credit Risk B2B Risk ISO 20022 88

PYMNTS

APRIL 24, 2019

lawmakers continue to press for more affordable bankruptcy for small businesses, with Congress reintroducing the Small Business Reorganization Act earlier this month. Small businesses would be required to obtain an appointed “standing trustee” to manage bankruptcy and payment reorganization.

Small Business 56

Small Business Laws Process Research 56

PYMNTS

SEPTEMBER 26, 2019

Small businesses, too, have heightened their expectations from their financial service providers, and credit unions are no exception. Reports noted that Congress this week is acting on the proposed SAFE Banking Act, which would enable financial institutions to legally extend their services to marijuana businesses.

Credit Union 43

Credit Union Small Business Online and Mobile Banking Legal 43

PYMNTS

FEBRUARY 2, 2020

CIT’s Southern California branch network, OneWest Bank , unveiled a new mobile app to help small businesses meet their financial goals. The business app of OneWest Bank lets small businesses digitally deposit checks, pay bills, schedule appointments, transfer funds between accounts at OneWest and find the closest branch.

Small Business 52

Small Business Mobile Banking Checks Finance 52

PYMNTS

APRIL 3, 2018

Small business (SMB) banking is in need of an overhaul. Between the threat of FinTechs and small business owners’ increasing willingness to switch banking providers, financial institutions are waking up to the demand for better SMB services. This reality is often cited by small business FinTechs.

Small Business 70

Small Business Payment APIs and Integration Faster Payments Blockchain 70

PYMNTS

JANUARY 22, 2021

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.

B2B 81

B2B Security FinTech Participant 81

PYMNTS

FEBRUARY 7, 2020

Bank of America can now integrate data from key third-party business applications on its Business Advantage 360 platform to offer a more complete financial picture for small businesses, according to an announcement. The news comes on the first anniversary of the rollout of Business Advantage 360.

Small Business 64

Small Business Online and Mobile Banking Checks Innovation 64

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. An Ecosystem Approach.

B2B 110

B2B Payments Wires Wire 110

PYMNTS

OCTOBER 3, 2019

However, according to new research from LexisNexis , loan fraud is now moving into the small business (SMB) front, leading to similar cases of small business loans taken out with no intent to pay, loans obtained via false small business identities or multiple fraudulent small business loans taken out for a single borrower.

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63

PYMNTS

OCTOBER 19, 2020

Mastercard has added new B2B payment features in the Asia Pacific, intending to bolster its services for businesses looking for diverse payments methods, a press release says. Mastercard Track was debuted in 2018, and works on real-time data collection and faster payments, helping businesses with B2B payments.

B2B 75

B2B Visa Accounts Cross-Border 75

PYMNTS

JANUARY 8, 2021

B2B FinTech startups have stepped into 2021 with a bang, as industry players raised more than $910 million in combined funding. And thanks to several nine-figure investment deals, BaaS, expense management, payroll and B2B eCommerce are now in the spotlight. With plans to launch a new small business lending bank in the U.K.,

B2B 81

B2B FinTech Payroll Small Business 81

The Fintech Times

FEBRUARY 5, 2024

The adoption of digital payments is rapidly developing markets to the point that the value of B2B payments are set to grow by 40 per cent by 2028, from $89trillion in 2024 according to research from Juniper Research , the market research firm. It provides analysis and forecasts of over 65,000 datapoints across 60 markets over five years.

Cross-Border Payments 119

Cross-Border Payments Cross-Border ISO 20022 Research 119

PYMNTS

FEBRUARY 13, 2020

We live in an era when it is possible for a small business with a great product to go global almost overnight, thanks to the power of the internet and mobile commerce. Yet, the opportunities for growth have not resolved the age-old problem of tight cash flow that small businesses face.

Small Business 60

Small Business Settlement Point-of-Sale (POS) Payroll 60