Innovation and firm value are key drivers for business success. Their respective roles are vital in creating and improving goods and services, developing market demand, meeting market expectations, and increasing shareholders’ wealth. Get the Full Story Complete the form to unlock this article and enjoy...
• Half (49%) of small businesses accept credit and/or debit cards as a form of payment and half (51%) do not. Credit cards pay for about five times as many small business goods and services as do debit cards. • An average of one in...
Owner optimism remains stuck at recession levels. The proximate cause is very weak consumer spending, better than a year ago, but that was pretty bad. Fifteen (15) percent reported gains, while 43 percent reported weakness. With weak consumer spending, there is little need to invest...
Faced with an uncertain economy, some business owners are re-evaluating their use of technology. The latest Wells Fargo/Gallup Small Business Index, surveyed October 5-9, shows over half of respondents (58 percent) reporting that they have delayed technology purchases due to the economy, including purchases of...
American Express OPEN Announces Multi-Partner Government Contracting Program to Help Small Business Owners Win Government Contracts and Stimulus Funds Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
When Mark Fasciano and Ari Kahn started their software company, FatWire, in 1996, each of them contributed $20,000 from their credit cards to pay for the equipment and services that the company needed. In 2001, the company was named to Deloitte and Touche’s Fast 50...
China emerged in the last decade as a major force in payments. Coinciding with the enormous growth of the economy, China has rapidly increased the acceptance of cards by merchants and the use of cards to pay by consumers. Chinese banks have expanded their issuance...
Does taking plastic get people to spend more money? The card networks certainly think so and have often touted increased sales as one of the reasons why merchants should accept plastic and be happy to pay for it. My skeptical economist colleagues question this. They...
The decade ended with the start of the most severe financial crisis the world has faced since the Great Depression of the 1930s. In many respects the payments industry was rock solid during the meltdown. The payment systems processed transactions without losing a beat. While...