PYMNTS

DECEMBER 30, 2020

There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. To cap off a year in which business travel plummeted, travel and expense management software company Navisteps raised $1 million in pre-seed funding , reports said.

B2B 84

B2B Caps Participant Small Business 84

PYMNTS

JULY 13, 2020

A $20 billion federal initiative to provide emergency funding to small businesses is out of cash. Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. percent interest rate for small businesses and 2.75

Small Business 111

Small Business Caps Continuity Payments 111

Stax

JULY 30, 2024

Thankfully, implementing a credit card surcharge program can be particularly beneficial for small businesses to offset the cost of accepting credit card payments. TL;DR A credit card surcharge program can be particularly beneficial for small businesses to offset the cost of accepting credit card payments.

Credit Cards 166

Credit Cards Laws Rules Debit Card 166

PYMNTS

APRIL 10, 2019

Bank of America is making changes to its cash-back small business credit card, reports in NerdWallet said this week. The biggest change to the bank’s Business Advantage Cash Rewards Mastercard small business credit card is a lower cap on bonus rewards.

Small Business 46

Small Business Adjustments Caps Credit Cards 46

PYMNTS

MAY 15, 2020

The City Council approved a 15 percent cap on food delivery fees paid by restaurants to Grubhub, PYMNTS reported. and Jersey City were among the first communities to implement caps on delivery fees through emergency orders last month. On Wednesday (May 13), New York City became the latest city to enact protections for eateries.

Caps 52

Caps Regulations Small Business Accounts 52

Stax

MAY 6, 2025

Volume caps, poor integrations, manual reconciliation, and clunky mobile checkout are all signs your current system wont scale with you. Youre hitting volume or transaction limits Many small business owners face caps on daily credit card transactions or suffer from settlement delays. Look for red flags that signal limits.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Volume Payments 88

PYMNTS

SEPTEMBER 26, 2019

Small businesses, too, have heightened their expectations from their financial service providers, and credit unions are no exception. Reports noted that Congress this week is acting on the proposed SAFE Banking Act, which would enable financial institutions to legally extend their services to marijuana businesses.

Credit Union 43

Credit Union Small Business Online and Mobile Banking Legal 43

PYMNTS

JUNE 23, 2020

The number of small U.S. The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. Bigger companies have been faring better by comparison, with investors taking solace in large caps and the Russell 1000 index down only 3.3 Nicholas Bohnsack , president of U.S.

Caps 70

Caps Federal Reserve Economy Business Continuity 70

Electronic Payments Coalition

FEBRUARY 28, 2024

WASHINGTON, DC — It’s been nearly 15 years since the Durbin Amendment imposed price caps and routing mandates on debit cards, financially burdening small businesses, while corporate mega-stores, like Walmart and Target, have accumulated substantial revenue gains.

Credit Cards 105

Credit Cards Card Issuer Debit Card Small Business 105

PYMNTS

APRIL 8, 2020

Small businesses overwhelmed U.S. It was a shaky start for the initiative that was designed to ease the pain of the coronavirus pandemic, with small businesses expressing frustration at the “ nightmare ” process of attempting to access a portion of the $349 billion available under the legislation. billion in applications.

FinTech 98

FinTech Small Business Credit Union Payroll 98

PYMNTS

APRIL 8, 2020

The stimulus loans are guaranteed from the federal Small Business Association (SBA) and will cover about 2.5 times what a business makes as a wage bill, only applying to businesses which employ less than 500 people. Bank of America has more than 240,000 applications so far, and Citi has yet to start its operations.

Shutdown 104

Shutdown Small Business Caps Government 104

PYMNTS

APRIL 6, 2020

In today’s top news, Wells Fargo began taking loan applications, saying it will disperse $10 billion to nonprofits and small businesses, and Apple bought voice assistant startup Voysis. Wells Fargo To Cap SMB Bailout Loans at $10 Billion. Apple Buys AI Voice Assistant Startup To Make Siri Smarter. Here’s why.

Caps 52

Caps AI Online and Mobile Banking Small Business 52

PYMNTS

MARCH 3, 2020

Additionally, the consumer bank will be divided in half, with one part focused on small businesses as well as branches and the other on consumer lending, as was the case prior to 2017 when they were joined together.

Caps 61

Caps Accounts Checks Small Business 61

PYMNTS

NOVEMBER 8, 2020

WSJ reported that the Small Business Administration ’s (SBA’s) inspector general said there were “strong indicators of widespread potential abuse and fraud in the PPP.”.

Money Laundering 108

Money Laundering Payroll Treasury Financial Crimes 108

Clearly Payments

MAY 30, 2024

million businesses in 2024. This does not include holding companies and businesses with no employees. million businesses. Here are some statistics about Canadian businesses grouped by size: small business, large corporation, and startup. Statistics for Small Businesses in Canada As of 2024, Canada has 1.29

Small Business 105

Small Business Credit Cards Online and Mobile Banking Economy 105

PYMNTS

MAY 13, 2020

He said adding restrictions on apps would only drive up costs for small business owners, slow down order volumes, and cause costs on customers to rise. Grubhub spokesman John Collins, in response to the news, told Bloomberg the proposed restrictions wouldn’t hold up.

Caps 56

Caps Shutdown Small Business Volume 56

PYMNTS

FEBRUARY 18, 2019

.’s challenger banking market continues to grow, as more FinTechs pursue licenses in the small business banking space. Both target small businesses in addition to consumers. Critics of the plan said there should not be a cap on those payouts, reports said in January.

Finance 74

Finance Small Business Caps Addressing 74

Clearly Payments

AUGUST 14, 2024

Unlike Europe, where interchange fees are capped at 0.3% The European Union’s regulations, such as the Interchange Fee Regulation (IFR), have capped interchange fees, resulting in more competitive pricing for merchants. Due to the EU’s Interchange Fee Regulation, which caps interchange fees at 0.3%

Process 104

Process Credit Cards Alternative Payment Methods Debit Card 104

Clearly Payments

APRIL 25, 2024

By limiting debit card fees, the amendment tried to make a more fair financial ecosystem, promoting competition and benefiting small businesses and everyday debit card users. The Durbin Amendment focuses on regulating debit card interchange fees and fostering competition within the payment processing industry. per transaction.

Debit Card 101

Debit Card Federal Reserve Caps Credit Union 101

Stax

AUGUST 1, 2024

Did you know that the delinquency rate for small businesses has reached a record high owing to inflation and declining revenues? Visa’s surcharge rules around disclosure, compliance, options (brand-level/product-level), notifying acquirers, surcharge cap, etc. Earlier, the surcharge cap used to be 4%.

Rules 88

Rules Credit Cards Caps Processors 88

PYMNTS

APRIL 19, 2019

India’s alternative finance community is calling on the Reserve Bank of India (RBI) to relax regulations on the market, particularly as they pertain to lending caps. ” Today, in order to meet small businesses’ financing needs, a group of alternative lenders will collaborate on a joint financing program.

Small Business 51

Small Business Caps Non-Bank Regulations 51

PYMNTS

APRIL 29, 2020

Fiesta has a market cap in excess of $205 million. The company received loans to indirect subsidiaries Texas Taco Cabana, LP, and Pollo Operations Inc. from JPMorgan Chase. Its loans were first reportedly made public in a Morgan Stanley report on big public firms that received the funds. Treasury Guidance.

Treasury 58

Treasury Returns Small Business Caps 58

PYMNTS

MAY 20, 2020

A bipartisan proposal to improve the terms of the Small Business Administration’s Paycheck Protection Program (PPP) is expected to face a House vote next week. Businesses are starting to reopen their doors, and if they had a few more weeks they could rehire everybody,” Sen.

Small Business 63

Small Business Payroll Caps CHIPS 63

CB Insights

NOVEMBER 2, 2017

Since then, Square (NYSE: SQ, Mkt Cap: $13.7B) has evolved its product and service line into a much broader suite, encompassing small business loans, payroll, food delivery, P2P payments, and more. ” Want the full expert post?

Caps 58

Caps P2P Payroll Small Business 58

Fintech Finance

MARCH 26, 2024

merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The agreement’s multi-year benefits for businesses include: Lower interchange rates. merchants, comprised largely of small businesses. Interchange rates will not go up.

Settlement 52

Settlement Caps Small Business Agreements 52

PYMNTS

APRIL 8, 2020

Under the terms of the deal, Wells Fargo can provide additional support to small businesses. The change, the Fed said, will only allow the firm to make small business loans as part of the recently approved Paycheck Protection Program (PPP) by Congress, and the Federal Reserve’s forthcoming Main Street Lending Program. .

Fed 56

Fed Federal Reserve Caps Small Business 56

PYMNTS

OCTOBER 16, 2018

government is broadening the ability of small businesses (SMBs) to lodge complaints against their banks, according to Financial Times reports Tuesday (Oct. According to the publication, while small business advocates are applauding the move, some argue that the government should do more to protect small businesses.

Small Business 60

Small Business Governance Government Caps 60

CB Insights

MAY 4, 2018

The small commercial insurance market makes up about one-third of the total commercial lines market in the US, generating around $100B in direct written premiums. By 2020, 15% — 30% of all small business insurance will be sold digitally, according to Morgan Stanley. Note: CB Insights users can access this search here.).

Small Business 36

Small Business Underwriting Agreements Continuity 36

PYMNTS

SEPTEMBER 5, 2016

Changes to commercial card regulations could be tripping up small businesses in Australia, according to reports on Friday (Sept. Now, the Australian Small Business and Family Enterprise Ombudsman Kate Carnell is taking a look at the Reserve Bank’s potential plans. would impact the market.

Commercial Card 40

Commercial Card Regulations Caps Small Business 40

PYMNTS

JULY 7, 2020

When market caps get neck and neck, that typically means investors are placing companies roughly side by side in terms of potential. Last month, Square Capital LLC said it processed more than $820 million in forgiveness loans for the Small Business Administration’s Paycheck Protection Program (PPP). billion.

Direct Deposit 100

Direct Deposit Volume Deposit Account Caps 100

Fintech Labs Insights

MAY 27, 2025

Digital Lenders: Year Founded Prior to 2008 >>> 6 | 2008 to 2011 >>> 7 | 2012 to 2015 >>> 13 | 2016 to 2019 >>> 7 | 2020 or later >>> 4 Resources : Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses?

Small Business 29

Small Business NOV Acquirers Origination 29

Fintech Finance

MAY 10, 2024

Signify Business Cash by Wells Fargo is filling a gap that exists in today’s cash rewards business credit card market, putting value and simplicity in the hands of business owners. At Wells Fargo, we recognize that managing a small business can be complicated and business owners need the best tools to continue to succeed. “At

Visa 52

Visa Credit Cards Caps Small Business 52

PYMNTS

NOVEMBER 26, 2018

Small businesses (SMBs) in China are struggling to access bank loans with large, state-owned corporations, according to recent analysis from French trade credit insurer Coface , reported CNBC. The squeeze is not helping the Chinese economy, with small businesses often playing vital roles in connecting China to the global supply chain.

Small Business 51

Small Business Non-Bank Disputes Caps 51

Stax

DECEMBER 6, 2023

Businesses that choose to add surcharges can either charge a fixed flat fee or a percentage of the transaction amount with a cap on the total. These regulations are in place to protect both businesses and consumers from unfair and unethical surcharging practices. Visa, MasterCard) and the merchant’s industry.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

Stax

SEPTEMBER 26, 2024

It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. Learn how your business can capitalize on these transaction fees while staying on the right side of the law. But they advise businesses to check state laws for stricter limits or an outright surcharging ban.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

PYMNTS

APRIL 27, 2020

The Paycheck Protection Program (PPP), which is intended to distribute loans to small businesses affected by coronavirus pandemic shutdowns, resumed activity on Monday (April 27) and it wasn’t even a full day before more reports of now-familiar glitches and delays resumed as well. only about 1.6

Continuity 52

Continuity Small Business Shutdown Caps 52

PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. Overall, Marco Financial has noted, banks reject 50 percent of small- to medium-sized business (SMB) financing applicants.

Finance 114

Finance Underwriting Volume Accounts 114