We are in the midst of a working capital revolution — one that is increasingly driven by innovation and made more necessary by the macroeconomic backdrop, particularly for those middle-market firms generating annual revenues between $50 million and $1 billion. As more firms seek out and put external capital to work,...
Increasingly, small- to mid-sized businesses (SMBs) operating in the healthcare field are using real-time payment technology to improve cash flow efficiency. Thirty-eight percent of the healthcare SMBs PYMNTS Intelligence surveyed for “Small Business Real-Time Payments Barometer: Healthcare Edition” said real-time payments were their most-used payment method, with instant bank...
Many consumers hit their credit card limit at least sometimes, and for consumers struggling to get by financially, that percentage skyrockets. By the Numbers The December installment of PYMNTS Intelligence’s “New Reality Check: The Paycheck-to-Paycheck Report” series, “The Credit Card Use Deep Dive Edition,” drew from a...
The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost businesses $273 billion in 2023 — representing nearly 14% of total construction costs, up from...
May 14, 2024
We are in the midst of a working capital revolution — one that is increasingly driven by innovation and made more necessary by the macroeconomic backdrop, particularly for those middle-market firms generating annual revenues between $50 million and $1 billion. As more firms seek out and put external capital to work, they are finding that today’s working capital solutions are providing […]
May 09, 2024
Increasingly, small- to mid-sized businesses (SMBs) operating in the healthcare field are using real-time payment technology to improve cash flow efficiency. Thirty-eight percent of the healthcare SMBs PYMNTS Intelligence surveyed for “Small Business Real-Time...
May 09, 2024
The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost...
May 07, 2024
Virtual cards are at a tipping point. That’s the sentiment expressed by several finance leaders in the B2B space, as the current environment of stubborn inflation and strict access to...
May 14, 2024
Fifth Third Bank is working with business payments provider Bottomline to offer new payment options. The companies debuted of Enhanced Payables — powered by Bottomline and its business payments network, Paymode-X — designed to help customers streamline their payment processes and enhance cash flow management and efficiencies, according to a Tuesday (May 14) press release. “Efficiency in accounts payable starts with modernizing how […]
April 11, 2024
Mimo raised 15.5 million pounds (about $19.4 million) to launch its financial management platform for small- to medium-sized businesses (SMBs) and accountants. The platform helps these businesses simplify global payments, cash...
April 04, 2024
The Clearing House’s RTP® Network has seen growth in both transaction volume and value in 19 out of the last 20 quarters, dating back to 2019. Both metrics are growing 15% per...
February 29, 2024
Xero, a global small business platform, will enhance its accounts payable (AP) capabilities for its U.S. customers through a new partnership with BILL, a financial operations platform for small and...
