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Banks Improve Digital Payment Options and Expand Mobile App Services for Small Businesses

Fintech Finance

Keynova Group, the principal competitive intelligence source for digital financial services firms, today announced the results of its 2024 Small Business Banker Scorecard. ACH payments are offered to small businesses by 73% of the Scorecard banks, and 55% provide a consolidated view of transactions for tracking payments and cash flow.

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Metro Bank Partners With BankiFi to Help SMEs Overcome Late Payments

Fintech Finance

Our data shows that 73% of businesses using Invoice It are getting paid within just 2 days, often in advance of any invoice terms – significantly helping with their cash management.” The post Metro Bank Partners With BankiFi to Help SMEs Overcome Late Payments appeared first on FF News | Fintech Finance.

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Today In B2B: NeweggBusiness Adds Payment Terms; Deutsche Expands Cash Management Business

PYMNTS

Today In B2B payments, NeweggBusiness integrates business financing and payment terms via Behalf, while Deutsche Bank expands its cash management offering into Australia. Plus, GE shutters its staff audit program, and Park Place Payments partners up for small business B2B payments. 11) press release.

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Google, Intuit Pair Up For SMB Cash Management

PYMNTS

Google and Intuit are pairing up to help Australian small businesses (SMBs) get a better grip on cash management. Researchers found that mixing personal and business expenses, along with poor record keeping, are the top issues these professionals face when managing small business accounts.

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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. But most people forget that we're still talking about small businesses with a limited number of resources.".

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SMBs Shift Their Cash Management Strategies

PYMNTS

Recent data has warned that small business (SMB) optimism is beginning to drop after months of record highs. the latest evidence has suggested that entrepreneurs are holding onto their financial confidence — though it may be changing the ways they manage company cash. financial services market. financial services market.

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Small Biz Cash Management Struggles Across The Globe

PYMNTS

Between the rise of blockchain technology, the market debuts of faster payments initiatives and the advancements in virtual card capabilities, small businesses have more choice and power when it comes to their payments needs. Diverse Financing Options. and EMEA told surveyors that they access cash flow from their operations. .