PYMNTS

JUNE 7, 2018

challenger bank Arro Money , which launched its small business bank account service last December, has debuted its newest product designed for sole traders. The challenger bank first launched its small business account service late last year following a Series A fundraiser.

Accounts 53

Accounts Cross-Border Small Business Underserved 53

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

SEPTEMBER 10, 2019

In its announcement, Allica described itself as a “bespoke bank for SMEs,” targeting small and medium-sized businesses with cash management and working capital tools including loans, payment services, asset finance products and savings solutions. A press release issued on Monday (Sept. In the U.K.,

Underserved 40

Underserved Authorization Cash Management Regulations 40

PYMNTS

JUNE 3, 2016

Small business owners are considered followers of consumer trends in terms of payments technologies; entrepreneurs use digital financial services in their personal lives, so that will naturally carry over into when they are managing the finances of their companies. “Banks have a window right now to take advantage of that.”

Online and Mobile Banking 42

Online and Mobile Banking Small Business Wire Transfer Value Added Service 42

PYMNTS

JANUARY 15, 2021

In the second Paycheck Protection Program (PPP) loan round, the Small Business Administration (SBA) is putting the priority on underserved groups and will only take applications from community financial institutions (FIs) in the two days following the opening of its loan portal. Morgan Looks Toward Payments Modernization.

Digital Currency 58

Digital Currency Privacy On-Demand Underserved 58

PYMNTS

OCTOBER 17, 2018

I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said. This forces many operations to continue using cash. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services.

Credit Union 50

Credit Union Legal Non-Bank Underserved 50

PYMNTS

FEBRUARY 13, 2020

Small business owners have historically faced a unique challenge in the banking world: Financial institutions (FIs) can sometimes fail to clearly define their small business services, blurring the lines between personal and corporate banking and forcing an SMB to fit somewhere within that ambiguity.

Small Business 61

Small Business Payment APIs and Integration Economy Finance 61