Small business owners in the United States are more optimistic following an almost three-year stretch of uncertainty. That’s according to the National Federation of Independent Business (NFIB), which released its latest edition of the Small Business Optimism Index Tuesday (Dec. 10). The index showed an...
As of Dec. 1, one month before the Jan. 1 deadline, about 30% of small businesses reported beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). About 9.5 million reports were filed at that point and 1 million new reports were being filed each...
British payments technology firm PayPoint is expanding its partnership with U.K. bank Lloyds. The collaboration, announced Wednesday (Dec. 4), is designed to provide banking and payments services to roughly 60,000 U.K. small- to medium-sized businesses (SMBs), combining PayPoint and Handepay’s merchant network, and Lloyds’ merchant...
For restaurants, there’s a funding gap, a chasm between gaining access to the capital they need to thrive and grow and the traditional channels offering that capital. Mitchell Hipp, divisional vice president at Rewards Network, told PYMNTS the gap can present itself as the pain...
The White House says it is making it easier for underserved small businesses to get capital. The Biden administration announced in a news release Friday (Nov. 29) that the Small Business Administration (SBA) had increased the maximum loan amount backed by its Community Advantage Small...
Fiserv and ADP have partnered to offer U.S.-based small businesses a management system with capabilities across payroll, cash management and payments. The companies will create an integrated solution that brings together the capabilities of ADP’s small business payroll and human resources solution, RUN Powered by...
Enigma and Databricks are collaborating to deliver data on small- to medium-sized business (SMB) financial health signals to customers. With this data, customers can access financial health intelligence about more than 33 million businesses, based on a panel of more than 40% of U.S. card transactions,...
EverCommerce has expanded the capabilities of its platform for service-based small- to medium-sized businesses (SMBs) by adding artificial intelligence (AI) tools for compiling data. This data can inform small business owners’ decision-making in marketing, customer service and payments, the company said in a Monday (Nov....
Small and medium-sized businesses (SMBs) face challenges when securing credit, especially in an uncertain economy. Embedded lending, which integrates credit options directly into purchase platforms, offers a fast and convenient solution. But a key element of embedded lending is the need for SMBs to share...