PYMNTS

APRIL 17, 2020

small businesses hit hard by the coronavirus pandemic. Administered by the Small Business Association (SBA) and processed through financial institutions (FIs), including banks and selected FinTechs, the program offers small- to medium-sized businesses (SMBs) loans worth twice their monthly payroll expenses.

Small Business 59

Small Business Community Banks Non-Bank Payroll 59

PYMNTS

OCTOBER 3, 2017

Access to capital is the first, last and constant problem that small businesses experience in the day-to-day course of doing business. Banks, when it comes to small business, just aren’t really paying too much attention to them … from a cost structure standpoint, they just don’t make enough money dealing with them,” he said.

FinTech 43

FinTech Small Business Acquirers Addressing 43

EBizCharge

MAY 8, 2024

Instead of individually setting up a merchant account with banks or other financial institutions, which can be a lengthy and complex process, businesses can quickly onboard through PayFac. Here’s how it works: Sign-up: Businesses can easily sign up with a PayFac provider who becomes the master merchant.

Facilitators 52

Facilitators ISOs Processors Payments 52

PYMNTS

APRIL 23, 2018

Traditional banks are starting to feel the disintermediation pinch by alternative lenders who lack their legacy infrastructure and cost structures and use digital-first, artificial intelligence-powered processes to underwrite risk and extend credit instantly.

Online and Mobile Banking 47

Online and Mobile Banking Consumer Product Point-of-Sale (POS) 47