PYMNTS

FEBRUARY 8, 2017

Denver-based Greenline Ventures is opening up a new fund to help finance small businesses in the U.S. 7) that it has created a fund to provide SMEs with between $250,000 and $2 million in an effort to support job growth and small business success. The fund will target minority- and women-owned businesses, Greenline added.

Small Business 41

Small Business Underserved Finance Origination 41

PYMNTS

JULY 31, 2017

A new report from FIS finds small businesses continue to feel fed-up with their big banks, despite a rebound in large bank loan approval rates for SME borrowers. The research, published last week, found that there are more aspects to small business banking than borrowing money that are frustrating SME customers.

Small Business 45

Small Business Online and Mobile Banking Community Banks Non-Bank 45

PYMNTS

JULY 10, 2017

How many of those jobs were added at small businesses? New statistics released by CBIZ and Paychex paint very different pictures about June small business hiring practices. In its Small Business Employment Index , CBIZ concluded that small business hiring soared last month.

Small Business 41

Small Business Federal Reserve Economy Payroll 41

Payments Source

MARCH 12, 2021

It's crucial small businesses continue to expand user experience improvements made during the first year of the pandemic, says NMI's Nick Starai.

Small Business 81

Small Business Business Continuity Continuity Payments 81

PYMNTS

JUNE 19, 2020

More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP) loans. The Prioritized Paycheck Protection Program (P4) Act would allow businesses with fewer than 100 employees to get a second loan. In the House, U.S.

Small Business 91

Small Business Shutdown Underserved Treasury 91

PYMNTS

SEPTEMBER 23, 2020

Intuit is pushing deeper into the booming eCommerce sector with a new platform aimed at small businesses as the coronavirus continues to push more and more sales activity online. 23) announced the launch of QuickBooks Commerce, a new online business management platform designed particularly for smaller firms.

Small Business 65

Small Business Business Continuity Continuity Process 65

PYMNTS

APRIL 11, 2019

Lawmakers in Australia are pushing for legal assistance for small businesses that find themselves in dispute with banks, reports in The Sydney Morning Herald said Wednesday (April 10). Further, the report noted, legal aid commissions fail to address the needs of small businesses in particular.

Disputes 60

Disputes Small Business Legal Rules 60

PYMNTS

FEBRUARY 27, 2020

Small businesses continue to embrace digital banking. At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Open Banking Drives Challenger Bank Adoption.

Small Business 77

Small Business Third-Party Service Provider Privacy Financial Crimes 77

PYMNTS

DECEMBER 18, 2020

He added that the COVID-19 pandemic decimated Black-owned businesses, and that PayPal aims to help “increase their opportunity to survive and thrive.”. PayPal awarded $10 million in grants to the Association for Enterprise Opportunity (AEO), which in turn offered direct financial support to 1,167 Black-owned businesses nationwide.

PayPal 114

PayPal Small Business Visa Business Continuity 114

PYMNTS

DECEMBER 11, 2020

Their financial service providers are challenged, too, in looking into the future and forecasting the performance of small business clients seeking financing to carry them through the pandemic. According to Puskar, small businesses face a tough challenging act when it comes to their financing needs. A Hectic Experience.

Posting 93

Posting Small Business Assessments Returns 93

PYMNTS

MARCH 7, 2019

Small businesses continue to struggle amid a tight labor market in the U.S., The company released its Paychex | IGH Markit Small Business Employment Watch report this week, finding that while average small business wages rose for hourly workers, hiring remained flat through the month of February.

Continuity 43

Continuity Small Business Payroll Business Continuity 43

PYMNTS

DECEMBER 2, 2020

Small businesses are turning toward their financial service providers now more than ever, not only for access to working capital and key products to run their business, but also for advisory services and guidance on how to navigate today's volatile market. An Agile Business Model. Getting Creative.

Credit Union 66

Credit Union Small Business Adjustments Service Provider 66

PYMNTS

NOVEMBER 14, 2019

While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small business banking is often acute even before an SMB opens an account. Power found that small businesses continue to embrace mobile banking, with its 2019 U.S.

AML 59

AML Online and Mobile Banking Small Business Deepfake 59

PYMNTS

APRIL 2, 2018

small businesses continue to struggle with access to bank funding, according to reports in Financial Times on Friday (March 30). Small business group SME Alliance spoke to the House of Commons select committee to discuss small firms’ ongoing challenges in seeking bank loans.

Small Business 49

Small Business Legal Treasury Finance 49

Lending Front

FEBRUARY 22, 2021

Over a year later, many business owners are still holding their breath. . With vaccines rolling out, small businesses are finally on the road to recovery. In fact, new businesses continue to form. More new businesses were registered in the U.S. In Connecticut alone, 22,832 new businesses opened in 2020. .

Small Business 52

Small Business Credit Union Economy Procedures 52

PYMNTS

OCTOBER 23, 2019

Small business cloud accounting firm Xero is strengthening its partnership with U.K.-based 22), with their tie-up allowing small businesses to automatically accept recurring payments from their customers and then mark those invoices as “paid” within Xero. businesses continue to make B2B payments via paper check.

Small Business 40

Small Business Payments ACH Authorization 40

PYMNTS

OCTOBER 1, 2018

One-quarter of small businesses continue to record financial data on paper instead of keeping digital records, according to a new survey by Clutch, a B2B ratings and reviews firm, and the tactic is exposing these companies to security risks. Clutch surveyed 302 small business owners and decision-makers for its report.

Risk 43

Risk Security Small Business Accounts 43

PYMNTS

DECEMBER 17, 2018

In the latest “ Biz2Credit Small Business Lending Index ,” researchers found — yet again — that financial institutions (FIs) are continuing to increase their loan approval rates. Below, PYMNTS examines some of the key findings of D&B’s report in the context of rising small business loan approval rates.

Small Business 62

Small Business On-Demand Research Legal 62

Lending Front

JUNE 29, 2021

Yellen made an announcement that was eagerly welcomed by an often neglected sector of small businesses across the country: The U.S. The support program comes at a pivotal moment both for CDFIs and the small businesses in the communities they serve. The state of minority-owned small businesses.

Small Business 52

Small Business Underserved Automation Economy 52

PYMNTS

DECEMBER 30, 2019

Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. They are really wreaking havoc across America’s small businesses.”.

Federal Reserve 52

Federal Reserve Small Business Non-Bank PayPal 52

PYMNTS

MARCH 8, 2019

The company offers businesses Continuous Performance Management tools, which integrate goal creation and execution services and provide organizations with an alternative to the yearly performance review.

B2B 72

B2B FinTech Small Business Financial Inclusion 72

PYMNTS

SEPTEMBER 30, 2020

job market continued to slowly recover in September, although small businesses reported only small gains. However, small businesses continued to demonstrate slower growth.”. 29) in the Paychex IHS Markit Small Business Jobs Index , which inched 0.06 Two new reports show that the U.S.

Small Business 52

Small Business Shutdown Economy Continuity 52

PYMNTS

FEBRUARY 4, 2019

While there’s been talk of an economic slowdown ahead, and declining optimism among the business community, the latest stats on small businesses (SMBs) are quite positive. “Small businesses continue to be big contributors to the U.S. economy,” said SBA Acting Chief Counsel Major L. .

Technology 52

Technology Small Business Economy Business Continuity 52

PYMNTS

OCTOBER 8, 2019

The year’s final quarter is upon us, marking an opportunity to look back at Q3 and obtain a reading of small businesses’ most pressing — and most timely — concerns. small businesses and finds, unsurprisingly, a trove of challenges on business owners’ plates. 76 percent of U.S. The firm surveyed more than 300 U.S.

Small Business 53

Small Business Non-Bank Debit Card Disputes 53

FICO

APRIL 21, 2020

In the third installment of my series , here are some insights about the future of banking and what small business lenders should prepare for in a post-Coronavirus economy. Three Types of Emerging Small Businesses. However, in the long-term, there will be a major uptick in small business loan applications.

Posting 75

Posting Small Business Community Banks Economy 75

PYMNTS

JANUARY 17, 2020

Matan Bar, co-founder and CEO of Melio Payments , recently spoke with PYMNTS about the challenges that small businesses face when digitizing their invoice payment procedures, even with a recent surge in digital, automated AP solutions. ” Finding A Middle Ground. . ” Finding A Middle Ground. Conflict Of Interest.

Faster Payments 61

Faster Payments B2B Small Business Venmo 61

Open Banking

OCTOBER 19, 2023

Over 1 in 9 (11%) British consumers are active users of open banking, and 17% of small businesses. Adoption of open banking continues at pace, with over 1 in 9 (11%) British consumers becoming active users, up from around 7% in December 2021. Financial decision-making, payments and borrowing account for 75% of all propositions.

Small Business 52

Small Business Regulations Volume Consumer 52

Lending Front

MARCH 2, 2021

For small businesses, the “home” office may take on new meaning altogether. By not being tied to brick-and-mortar space, business owners can work out of their den, their mountain retreat, or a relative’s sunbelt condo. . For many small banks and credit unions, digital transformation isn’t a new concept.

Credit Union 40

Credit Union Small Business Underwriting Procedures 40

PYMNTS

NOVEMBER 3, 2016

Power finds that small businesses are increasingly willing to switch banks, and that means alternative players can snatch clients away from banks. Small Business Banking Satisfaction Study found that, as small businesses in the nation continue to grow, they’re more likely to seek out working capital financing.

Small Business 72

Small Business Finance Service Provider Business Continuity 72

PYMNTS

JULY 10, 2019

And in the near-term, small businesses aren’t necessarily jumping for joy over the figures. Small Business Frustration. The two-year long, gradual slowing of small business job growth took on a more rapid pace in June,” said IHS Markit Chief Regional Economist James Diffley in a statement.

Small Business 46

Small Business Federal Reserve Payroll Fed 46

PYMNTS

APRIL 13, 2020

Plus, Karen Webster details Main Street small business continued worries. The $350B Small Business Administration (SBA) Paycheck Protection Program (PPP) COVID-19 relief fund is intended as a lifeline for small and medium-sized businesses (SMBs) whose businesses have been hit hard by coronavirus.

Non-Bank 60

Non-Bank PayPal Small Business Payments 60

PYMNTS

AUGUST 27, 2020

Megan Kakani , head of emerging products with KeyBank Enterprise Commercial Payments, said "managing cash flow and payable needs become more complex" as businesses continue to grow in size. "As "Through the power of Bill.com’s technology, Key CashFlow does that and more, helping to strengthen customers’ bottom line.".

Small Business 61

Small Business Business Continuity Economy Automation 61

PYMNTS

OCTOBER 2, 2017

BusinessCreator, a company designed to help small businesses get started with marketing services, will now enter the SMB financing realm. 29) that it is introducing small business loan capabilities for its clients by linking borrowers to a network of lender partners. “As The company announced news on Friday (Sept.

Small Business 40

Small Business Finance Business Continuity Continuity 40

PYMNTS

AUGUST 8, 2019

But reports also noted that the acceleration of check payments could have significant impact for companies and small businesses that use paper checks to pay vendors or employees.

FedNow 66

FedNow Checks B2B Federal Reserve 66

PYMNTS

DECEMBER 30, 2019

Unlike a small business, the middle market typically holds a lower-risk profile with steady profits and strong growth. Yet, according to Kris Carrera, general manager and business line executive of Credit Payments at FIS , the middle market is often underserved — particularly when it comes to commercial card products.

Commercial Card 53

Commercial Card Push-to-Card Small Business Addressing 53

PYMNTS

APRIL 14, 2020

As an instant payments company, we have learned from past events that business continuity and pandemic planning is a core part of the payments business. Additionally, instant payment adoption may continue to grow, with more just-in-time consumers needing faster access to funds to pay their bills and make ends meet.

Digital Payments 103

Digital Payments Instant Payments Payments Continuity 103

PYMNTS

MARCH 13, 2017

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. small businesses. 37 percent of SMEs in the U.K.

Technology 51

Technology Small Business Research Accounts 51