CAN Capital and iPayment are teaming up to enable more than 150,000 small businesses currently utilizing iPayment’s payment and processing services to access financial solutions that may assist in growing their businesses. “At iPayment, we are committed to providing our customers with fully integrated, all-encompassing...
Though confusing to non-financial professionals, a big loan is much easier for a bank to make than a small loan. Though the natural assumption is that it would somehow be harder to loan more money than less, the reality is that the administrative side of...
Holiday shopping got moving into high gear last week, as consumers dug deep, browsed adamantly and shopped with the fevered intensity of athletes competing in the Olympics. The strenuous shoppers event of choice? Mobile commerce. When the dust had cleared, over $3 billion was spent...
NUMBER26, the Berlin-based mobile-only banking system, announced yesterday (Dec. 3) that it will bring its banking without borders concept to six more European countries. The startup bank that operates entirely on a smartphone launched earlier this year in Germany and Austria, with plans to expand to...
JPMorgan Chase and OnDeck Capital are joining forces in an old financial services meets new financial services type of moment. The largest U.S. bank by deposits announced yesterday (Dec. 1) that it was breaking into online lending with an assist (and signed agreement with) New York-based...
So, how does a firm evaluate credit when dealing with a population without access to standard credit monitoring or mainstream banking products that tend to help build credit? For an emerging number of Silicon Valley firms, the answer is increasingly a simply question: How do...
It has been a bad decade for small businesses trying to get loans. In fact, new data indicates it might be worse than most people have imagined. Big banks and alt lenders are trying to step in, but has the damage already been done to...
Tyro Payments has just landed $72 million in new funding from Tiger Global, TDM Asset Management and Atlassian Cofounder Mike Cannon-Brookes to continue its quest to disrupt traditional banking down under. Tyro specializes in debit and credit payments and currently processes POS payments for 14,000 Australian...
So, what does a federal watchdog — say the CFPB — do when it wants to crack down on discrimination in lending but knows that the legitimacy of its methods for doing so will be roundly questioned? Well, it seems, in the CFPB’s case, the winning...