At a time when peer-to-peer mortgage lending in the U.S. is actually feeding loans to small banks, the situation appears to have flipped for small-business loans: alternative lenders are approving fewer loans, while big banks are approving more, according to monthly numbers from Biz2Credit. Get...
Bank of America Corp. will take over financing for a top U.S. oil refinery controlled by Philadelphia Energy Solutions from J.P. Morgan. The oil-services contract was among the commodity assets divested this year by Chase. Get the Full Story Complete the form to unlock this article...
Television investment-advice-giver Jim Cramer recently told his CNBC audience that he just discovered fleet card companies and loves them. “The fleet card business may be the hottest business that you’ve never heard of,” he said. Get the Full Story Complete the form to unlock this...
Regulations for the providers of financial-transaction infrastructure aren’t going to return to pre-financial-crisis levels — in fact, they’re likely to be an ever-increasing burden for everyone involved in a transaction. But regulators could make that burden easier to handle by providing more guidance on what...
The IRS on Monday (Oct. 6) noted the impact of sequestration cuts on a small business health care tax incentive. The ACA offers the credit for SMBs to enroll in insurance exchange health plans. Get the Full Story Complete the form to unlock this article and enjoy...
While not all major retailers have proven to master an effective omnichannel strategy in today’s increasingly mobile world, some players are further along than others. Macy’s and Nordstrom’s, for example, have significantly upped their sales by offering new products, discounts and coupons in the store,...
Global financial-messaging network SWIFT will not unplug either Russia or Israel from the system unless the European Union officially adopts appropriate sanctions, the organization said on Monday (Oct. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
TSYS has announced upgrades to its online self-service solution for commercial cardholders, TSYS CentreSuite, as part of a multi-staged transformation currently underway. The redesign is aimed at upgrading the user experience and providing greater performance and functionality to issuing banks and administrators. Get the Full...
One of the most oft-cited criticisms of startups—especially mobile firms—is that they sell a solution in search of a problem. Airbnb is making a powerful case that such comments do not apply to them, as they are seeing soaring growth among business travelers specifically because the...
