Stax

NOVEMBER 14, 2024

Be aware of monthly minimum fees, statement fees, batch fees, next-day funding fees, annual fees, IRS report fees, and others on your statement each month. Your account will then be approved by underwriters for a certain amount of money per transaction based on your business type, processing history, and ticket size.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

PYMNTS

APRIL 8, 2020

Below, PYMNTS looks at the FinTechs that are collaborating with SMBs and banks to ease friction of the PPP lending process, whether by digitizing applications, supporting underwriting, or streamlining data collection. SmartLenders then provides that information to lenders, while also enabling underwriting to expedite the process.

FinTech 98

FinTech Small Business Credit Union Payroll 98

PYMNTS

SEPTEMBER 15, 2020

You can pay your invoices in cash,” he said, “but the invoice is already known to the IRS [in Mexico].”. (The country’s relatively advanced eInvoicing efforts stretch back well over a decade and were recently profiled by PYMNTS.).

Debit Card 103

Debit Card FinTech Online and Mobile Banking Account Takeovers 103

Fintech Finance

MAY 21, 2024

Unlike other data providers, Middesk has built direct data pipelines to first party government sources, including the 50 Secretaries of State, the IRS and USPS. Streamline the underwriting process with comprehensive risk signals by automatically retrieving lien (UCC & tax), litigation, and bankruptcy data on a business.

UCC 52

UCC Payment APIs and Integration Due Diligence Verification 52

Nanonets

SEPTEMBER 18, 2024

Automation tools for handling insurance-related documents can help with rapid information extraction and validation, increased underwriting capacity, accurate risk assessment, and faster claim processing, resulting in quicker payouts for policyholders and more efficient operations.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

PYMNTS

NOVEMBER 29, 2017

In the case of Al Capone, the Justice Department and the IRS went after the Chicago Outfit for tax evasion. Underwriting, risk, customer support and/or sales teams should meet on a weekly basis, Frechtling recommends. Finally, make a point of consistent internal communication. Management teams should do so monthly.

Money Laundering 46

Money Laundering Acquirers Transactions Crime 46

Wharton Fintech

NOVEMBER 13, 2023

The IRS had just started accepting e-signature so we could get what was called a 4506-T tax transcript programmatically from the government. There’s lots of different roles in the process of lending, both for the lender to help, for example, project out cash flows and net income much more systematically than human underwriter might do.

FinTech 130

FinTech Small Business Payment APIs and Integration Laws 130