Square is offering its working capital solution, Square Cash Advance, to businesses in the United Kingdom. “Whether a restaurant owner, retail merchant or beauty salon, fast and easy access to funds helps sellers manage daily expenses without delay and with no interest — just a...
Radcred has introduced a platform to meet a “rising demand for online payday loans.” The platform, announced Wednesday (June 25), offers same-day funding and soft credit checks for borrowers the company says have been historically overlooked by traditional lenders. “The new system aims to simplify access to small-dollar...
Crypto, in all of its forms, is poised to move more mainstream, blurring lines between traditional and decentralized finance. The GENIUS Act is gaining its share of attention this week, moving toward establishing a federal stablecoin framework amid news that the Senate passed the bill...
Wells Fargo reportedly expects consumer loan growth in the United States to remain flat or potentially decrease through the end of the year. “I wouldn’t expect large growth on the consumer side in any way, potentially even a net decline,” Wells Fargo Chief Financial Officer...
As tariffs loomed this spring, PYMNTS Intelligence found that obtaining financing was (and is) a difficult endeavor for smaller firms, which power the U.S. economy. Our surveys of small to medium-sized business (SMB) owners found that fully half of U.S. SMBs rely on their day-to-day...
North American middle-market firms are demonstrating resilience, fueled in part by an increasing and more strategic use of financial tools. The “2024-2025 Growth Corporates Working Capital Index: North America Edition,” commissioned by Visa and conducted by PYMNTS, revealed an uptick in the adoption and efficient...
Despite the clear potential of integrating credit directly into commerce platforms, many lenders appear to be sitting on the sidelines, potentially missing significant growth opportunities in the burgeoning embedded lending market. Embedded lending describes credit tools integrated directly into a merchant or provider’s platform, allowing...
Block said Tuesday (May 20) that since the launch of its credit products, it has extended over $100 billion in credit while keeping its loss rates “low.” The company uses a combination of near real-time data, technology and customer-first design, rather than traditional credit scores,...
The Trump administration plans to put millions of defaulted federal student loan borrowers into collections starting Monday (May 5). This action threatens the confiscation of tax refunds, federal benefits and wages from affected individuals. The move marks a significant policy shift, reversing a program taken...