Small businesses are not abandoning banks for cross-border payments, but they are giving FinTechs a much larger share of the work. That shift stands out in “The Cross-Border Opportunity,” a PYMNTS Intelligence and Mastercard report based on a survey of 310 U.S. small and medium-sized businesses that bought production...
Forward Financing, a provider of capital to small businesses across the United States, secured $525 million of new financing that brings the company’s total committed funding capacity to nearly $700 million. The new financing includes a $350 million variable funding note (VFN) facility and a...
Watch more: Live Roundtable With Mastercard’s Ginger Siegel and Lithic’s Nikil Konduru Small businesses rarely have the luxury of waiting for capital to arrive on someone else’s timetable. When equipment fails, inventory runs low or a supplier offers a limited-time discount, the difference between approving...
Small businesses want tools that give them more control over when money moves, how spending gets tracked and what happens when a payment goes wrong. The PYMNTS Intelligence report “Ready for Change: Why Nearly Half of SMBs Want to Ditch Cash and Checks,” a collaboration...
Israel-based software company Wix has launched a partnership with U.S. Bank-owned payment processor Elavon. The collaboration, announced Tuesday (July 7), is designed to enhance the recently launched Elavon Business Solutions (EBS) platform by combining the company’s small business payments/software capabilities with Wix’s website creation and...
Watch more: Need to Know With Capital One’s Shena Ashley For America’s small business owners, optimism and caution are no longer opposing forces. They are operating simultaneously. Even as inflation pressures persist, borrowing costs remain elevated and economic uncertainty continues to shape decision-making, a growing...
Large corporations and small businesses aren’t the same. The most obvious difference is sheer scale, but the knock-on effects of that scale have effectively erected an operational wall between what the world’s multinational enterprises do for their day-to-day growth and what a domestic Main Street...
Small business banking has entered a period of reassessment as business owners look beyond rates and fees toward financial partners that can combine modern treasury technology with informed, local decision making. For years, conventional wisdom held that sophisticated commercial banking belonged almost exclusively to large...
Digital financial services app SoFi introduced a lending program for small businesses, according to a Tuesday (June 30) press release. SoFi Small Business Loans are aimed at entrepreneurs and small business owners to help their businesses function and grow, the release said. “For many of...