News

B2B Payments
Aussie Neo Bank Judo Secures Government Funding For SMB Loans
April 02, 2020

Australian challenger bank Judo will now have an extra $500 million to distribute in loans to small businesses amid the coronavirus pandemic, coming directly from the government, The Sydney Morning Herald reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Overall Parts Solutions Mobilizes Procurement Platform
April 02, 2020

In a move that brings its OPSTrax parts procurement technology to Android and iOS devices, Overall Parts Solutions (OPS) has rolled out TraxMobile, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
Today In Payments: Apple Eases Streaming App Commissions; Softbank Abandons WeWork Deal
April 02, 2020

In today’s top news, Apple will end its practice of taking a commission from streaming platforms operating on its devices, and Softbank pulled out of its $3 billion deal to purchase WeWork. Plus, the Boston Federal Reserve Chief said the U.S. jobless rate is poised...

B2B Payments
SMBs Accuse Kabbage Of Abruptly Canceling Credit
April 02, 2020

Amid a climate in which cash needs are on the rise, it’s been reported that Kabbage Inc. has abruptly cut off credit to small business customers. Borrowers, who realized the credit lines were halted when they signed onto their accounts, claim the company did not...

Security & Fraud
Luckin Launches Probe Into Alleged Inflated Revenues
April 02, 2020

An internal investigation is underway by the board of directors of Luckin Coffee Inc. into its former COO who may have inflated estimated revenues by more than $300 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payment Methods
Restoring Cash Flow…With Cards
April 02, 2020

Small businesses are the hardest hit by the COVID-19 pandemic, which i2c President Jim McCarthy describes as unlike any disruption seen in the modern age. As customers vanished, cash flow went from being the most important thing to being “the only thing in a survival-type...

Retail
Federal Retail Funding Options Remain Cloudy
April 02, 2020

As nonessential retail continues to struggle, the federal funding picture remains cloudy. Companies that could apply for loans or relief from the series of provisions in last week’s COVID-19 relief package are awaiting final guidelines, due by the end of this week. In the meantime,...

Retail
Green Goo (That’s Right, Green Goo) Gets Ready To Break Out
April 02, 2020

Full disclosure: This story is about a company called Green Goo. The name should bring a smile to your face – its founders are okay with that – but you should also take Green Goo seriously. This organic healthcare brand is hustling to keep up...

Retail
Colleges Provide Rent Breaks To Small Businesses Amid COVID-19
April 02, 2020

After having their students move back home over the coronavirus pandemic, universities are investing to save the small businesses located close to their campuses. Williams College, Yale University and Colgate University are just some of the schools that are owners of business property and have...