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Banks Improve Digital Payment Options and Expand Mobile App Services for Small Businesses

Fintech Finance

Keynova Group, the principal competitive intelligence source for digital financial services firms, today announced the results of its 2024 Small Business Banker Scorecard. ACH payments are offered to small businesses by 73% of the Scorecard banks, and 55% provide a consolidated view of transactions for tracking payments and cash flow.

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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. But most people forget that we're still talking about small businesses with a limited number of resources.".

Finance 142
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Google, Intuit Pair Up For SMB Cash Management

PYMNTS

Google and Intuit are pairing up to help Australian small businesses (SMBs) get a better grip on cash management. Researchers found that mixing personal and business expenses, along with poor record keeping, are the top issues these professionals face when managing small business accounts.

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Small Biz Cash Management Struggles Across The Globe

PYMNTS

Between the rise of blockchain technology, the market debuts of faster payments initiatives and the advancements in virtual card capabilities, small businesses have more choice and power when it comes to their payments needs. Diverse Financing Options. and EMEA told surveyors that they access cash flow from their operations. .

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Rounding Out SME Cash Management Offerings

PYMNTS

Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spend management platform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa. “It’s a very expensive form of financing,” Grant added. .”

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The Rise Of The Multitasking SMB Finance App

PYMNTS

The way entrepreneurs are managing their businesses — and their businesses' finances — is changing, with complexities and pain points multiplying. All About Cash Flow. Before the pandemic, concern was growing over the issue of late B2B payments and the struggle among small businesses to get paid on time.

Finance 106
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Today In B2B: NeweggBusiness Adds Payment Terms; Deutsche Expands Cash Management Business

PYMNTS

Today In B2B payments, NeweggBusiness integrates business financing and payment terms via Behalf, while Deutsche Bank expands its cash management offering into Australia. Plus, GE shutters its staff audit program, and Park Place Payments partners up for small business B2B payments. 11) press release.