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Former Obama Advisor Eyes Google, Amazon For SMB Lending

PYMNTS

Google and Amazon are ready to shake up the small business lending world and place competitive pressure on traditional banks, according to Karen Mills, advisor for small businesses to former President Barack Obama. adding there is a “spaghetti soup” of financial authorities like the Federal Reserve, the U.S.

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Ready Or Not, Strong Customer Authentication Is Coming

PYMNTS

Merchants must not only work with their financial institutions (FIs) to enable two-factor authentication (2FA), but also ensure that their relationships with customers remain unscathed, according to Peter Robinson, payments advisor for European retail association EuroCommerce. Good News and Bad News.

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EuroCommerce On Why Merchant, Consumer Awareness Is Critical To SCA

PYMNTS

Peter Robinson, payments advisor for European retail, wholesale and international trade association EuroCommerce , noted that these concerns are putting more pressure on card acquirers — the main party responsible for making sure merchants are ready for and informed about SCA and its incoming authentication and online transaction restrictions.

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Are SCA Delays A Blessing Or A Curse?

PYMNTS

This week, the European Banking Authority (EBA) extended the deadline for Strong Customer Authentication (SCA) to Dec. For subscription and recurring payment services in Europe, a market valued at close to $400 billion, this represents a substantial impact. Why the delay? 14, 2019 deadline.

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Bank Account Number – Everything You Need to Know

Payment Savvy

In addition to checks, routing numbers are often required when setting up direct deposit instructions, authorizing bill payments, and initiating wire transfers. Payment Savvy’s innovative solutions are designed to keep pace with these advancements, providing businesses with the tools they need to thrive in a digital world.

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Stay Aware and Protect Against Hidden Charges

Segpay

Per the Forbes Advisor , rates range from 1.5% – 3%+ based on card type, with volume tiers and qualified vs non-qualified categories. per transaction, these fees originate from payment networks but disproportionately benefit processors. Watch for wide ranges up to 5%, letting processors apply the highest unpublished bands.

IRS