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 new pricing schedule for token fees released by MasterCard in August initially was met with questions and consternation by outside observers. What exactly are these new tokenization fees? When and how would they be used? Are existing token providers going to be charged new...
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...
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...
Economist, and “What’s Next in B2B Payments?” keynote speaker, Nouriel Roubini correctly identified the financial crisis of 2008 well before it was a frightening reality. Now, seven years later, global markets have rebounded and are more buoyant than ever; and according to Professor Roubini they...
When most people think of the Small Business Administration (SBA), they likely think of traditional American small-businesses. One-or-two-off shops, restaurants and garages – the types of business that are often called “the engine of the American economy,” in stump speeches, particularly during elections years. The...
