PYMNTS

MAY 7, 2020

As the deadline looms for businesses to return Paycheck Protection Program (PPP) loans they were ineligible for, a California software company is suing the Small Business Administration (SBA) and the U.S. Treasury Department. Per the report, the SBA and Treasury did not respond to requests for comment. Zumasys Inc.

Treasury 60

Treasury Request for Comment Small Business Returns 60

PYMNTS

MAY 7, 2020

Treasury Department. On April 23, Treasury provided the latest guidance for the Small Business Administration (SBA) PPP initiative crafted to shore up small and medium-sized businesses (SMBs) amid the COVID-19 pandemic. Most SMBs say roughly 15 to 20 percent of costs are payroll-related.”.

Returns 79

Returns Rules Treasury Payroll 79

Fintech Review

MAY 4, 2025

Stripe Treasury Powers embedded financial services by enabling platforms to create bank accounts, move money, and manage compliance. Treasury Prime Provides direct bank relationships combined with a flexible API platform for deposits, payments, and ledger services. Here are the top players: 1.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76

PYMNTS

JULY 29, 2020

Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The Wall Street Journal (WSJ) reports. That could leave millions of small businesses without a lifeline for their next tax returns.

Treasury 86

Treasury IRS Laws Small Business 86

PYMNTS

APRIL 17, 2020

Small Business Administration (SBA) says that nearly 5,000 lenders have approved 1.6 Treasury Secretary Steven Mnuchin said in a joint statement. . government’s $349 billion program of forgiveness loans to help small and medium-sized businesses pay employees during the COVID-19 crisis and minimize layoffs.

Small Business 87

Small Business Payroll Treasury Government 87

PYMNTS

MAY 12, 2020

The small business Paycheck Protection Program ( PPP ) still has $120 billion available as the appetite for the forgivable loans slows down, according to recent Small Business Administration ( SBA ) data. Funds can also be used for payroll, rent, mortgage interest or utilities. Marco Rubio (R-Fla.)

Small Business 70

Small Business Payroll Audit Credit Union 70

Fintech Review

APRIL 19, 2025

For instance, a payroll platform no longer just handles payslips. A treasury management SaaS doesnt only reconcile cash, it connects to foreign exchange hedging, liquidity planning, and yield optimisation. They aim to reduce switching costs and eliminate the friction of fragmented systems. lies embedded finance.

Finance 94

Finance Embedded Finance FinTech Payment APIs and Integration 94

PYMNTS

JANUARY 26, 2021

According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-Time Payments) network advancements, including instant payroll, merchant settlements and tokenization.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

PYMNTS

JULY 6, 2020

There’s still lots of federal cash available for small and medium-sized businesses (SMBs) in need of a hand up through the COVID-19 crisis. Treasury Department and Small Business Administration (SBA) indicated the Paycheck Protection Program (PPP), the forgivable loan initiative, still has nearly $132 billion waiting to be borrowed.

Small Business 71

Small Business Treasury Payroll Returns 71

PYMNTS

APRIL 27, 2020

Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned $4.6 The Lakers, one of the most profitable sports franchises, secured the coronavirus stimulus loan through the Small Business Administration’s (SBA) PPP.

Returns 82

Returns Treasury Small Business Payroll 82

PYMNTS

APRIL 29, 2020

Any small business getting an emergency coronavirus loan from the Small Business Administration (SBA) greater than $2 million will be subject to an audit, Treasury Secretary Steven Mnuchin said. This was a program designed for small businesses.

Audit 61

Audit Small Business Payroll Treasury 61

PYMNTS

APRIL 3, 2020

Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP) loans. SBAgov ’s top priority is keeping small businesses open and employees on payroll. ”. In a social media post, U.S.

Community Banks 61

Community Banks Process Small Business Non-Bank 61

PYMNTS

DECEMBER 3, 2020

New Paycheck Protection Program (PPP) data from the Small Business Administration (SBA) indicates that aid moved to small businesses as well as bigger companies. times their average monthly payroll before the coronavirus. Just over 600 firms were the recipients of the top loan amount of $10 million.

Small Business 61

Small Business Audit Treasury Procedures 61

PYMNTS

APRIL 9, 2020

In an effort to deliver more relief to the nation’s struggling small businesses and boost the economy amid the global coronavirus pandemic, the Federal Reserve announced it has taken actions to facilitate $2.3 Treasury will provide $75 billion in equity from the Coronavirus Aid, Relief and Economic Security Act (CARES Act).

Federal Reserve 60

Federal Reserve Facilitators Fed Small Business 60

The Fintech Times

APRIL 12, 2025

The past year has seen numerous traditional banks capitalising on the embedded finance market; JPMorgan Chase and Goldman Sachs recently formed partnerships with embedded finance fintechs Gusto and Modern Treasury, respectively, to offer banking customers the ability to embed payroll services, help companies add payments to products, and more.

Embedded Finance 78

Embedded Finance Finance Payment APIs and Integration Non-Bank 78

PYMNTS

APRIL 7, 2020

The Federal Reserve is collaborating with the Treasury Department to develop a new facility to help small and medium-sized businesses (SMBs) stay afloat as the coronavirus pandemic continues, according to a report in the Wall Street Journal (WSJ). The PPP is part of the $2.2

Fed 60

Fed Federal Reserve Treasury Small Business 60

PYMNTS

MAY 19, 2020

In a joint appearance before the Senate Banking Committee , Federal Reserve Board Chairman Jerome Powell and Treasury Secretary Steven Mnuchin praised the $2 trillion CARES Act Tuesday (May 19) saying the swift, bipartisan measure is providing much-needed credit to taxpayers, businesses, states and municipalities.

Federal Reserve 72

Federal Reserve Payroll Economy Treasury 72

PYMNTS

APRIL 9, 2020

In an effort to deliver more relief to the nation’s struggling small businesses and boost the economy amid the global coronavirus pandemic, the Federal Reserve announced it has taken actions to facilitate $2.3 Treasury will provide $75 billion in equity from the Coronavirus Aid, Relief and Economic Security Act (CARES Act).

Federal Reserve 56

Federal Reserve Facilitators Economy Fed 56

PYMNTS

DECEMBER 20, 2019

With more than $89 million raised, B2B FinTechs this week impressed venture capitalists (VCs) with a range of services, including small business accounting, financing, spend management and payroll. Small business accounting startup Xendoo announced a $3.5 Small business accounting startup Xendoo announced a $3.5

Small Business 52

Small Business FinTech Payroll B2B 52

PYMNTS

AUGUST 28, 2019

challenger bank NorthOne has announced the launch of its mobile-first small business banking platform, the result of a collaboration with digital-first Radius Bank. 27), the companies said their collaboration has enabled the rollout of the NorthOne small business banking solution designed for SMBs , startups and freelancers.

Mobile Banking 57

Mobile Banking Small Business FDIC API 57

PYMNTS

MAY 26, 2020

Small Business Administration (SBA’s) initiative to grant SMBs forgiveness loans to pay workers for eight weeks instead of laying people off – has had a rocky time of it. Treasury have refined the plan’s rules and parameters several times over the past few months. million loans for a net tally of about $511.2 While only 32.7

Returns 79

Returns Audit Payroll Treasury 79

PYMNTS

MAY 29, 2020

A minimum of $20 billion in Paycheck Protection Program (PPP) loans have been canceled — many by small businesses afraid they can’t spend the money in ways that will qualify for loan forgiveness, calculations of Small Business Administration (SBA) data by Bloomberg found. SBA reports indicate $510.5

Small Business 53

Small Business Audit Treasury Procedures 53

Fintech News

MAY 23, 2024

#2 Bank of China Bank of China Ltd, established on February 5, 1912, is headquartered in Beijing, China, and provides banking and financial services across several segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Others. 5 China Construction Bank China Construction Bank Corp.

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

PYMNTS

MAY 28, 2020

A measure that would make it easier for small businesses (SMBs) to get their hands on a forgivable federal loan has easily passed the House, The Wall Street Journal reported. This is what small businesses need, and if we don’t keep the businesses open, the jobs go away.”. Treasury Department.

Rules 53

Rules Underserved Payroll Small Business 53

PYMNTS

MAY 11, 2020

Five publicly traded companies have until midnight on Monday (May 11) to return their Payroll Protection Program (PPP) loans or explain why they should be allowed to keep the money by Friday (May 15). S igned by House Chairman James E. Universal Stainless & Alloy, a Pennsylvania steel manufacturer; and Georgia-based MiMedx Group Inc.,

Returns 56

Returns Small Business Payroll Treasury 56

PYMNTS

APRIL 1, 2020

Treasury Secretary Steven Mnuchin said if the $350 billion in loan funds for small and medium-sized businesses (SMBs) runs dry, he will go back to Congress and ask for more money, according to a Wednesday (April 1) CNBC report. It has huge bipartisan support and we want to protect small business.”.

Small Business 53

Small Business Payroll Treasury Government 53

PYMNTS

MAY 28, 2020

Agents are looking into whether the companies’ loan applications for the Small Business Administration (SBA’s) Paycheck Protection Program (PPP) were consistent with the disclosures made to investors in SEC filings, the news service reported. Congress approved the $2.2

Small Business 52

Small Business Payroll Audit Treasury 52

PYMNTS

APRIL 1, 2020

Industry lobbyists and executives from major private equity firms are asking the federal government for a piece of the coronavirus small business stimulus funds, the Financial Times (FT) reported on Wednesday (April 1), citing seven sources familiar with the talks.

Federal Reserve 52

Federal Reserve Small Business Treasury Payroll 52

PYMNTS

APRIL 3, 2020

The lifeline for the small businesses that make up the backbone of the U.S. times their average monthly payroll – to a maximum of $10 million. A look at the application itself offers the calculation: average monthly payroll, multiplied by 2.5, Small Business Administration (SBA).

Small Business 56

Small Business Payroll Treasury Caps 56

PYMNTS

MAY 1, 2020

Treasury, the banks approved to process PPP loans and the small- to medium-sized businesses (SMBs) clamoring for those funds was to get as many applications completed, approved and funds distributed as possible — and as quickly as possible. It’s as if [the government] suddenly turned around and said, no, no, no, wait a minute.

Treasury 75

Treasury Economy Legal Audit 75

PYMNTS

MAY 1, 2020

As reported earlier this week, Treasury Secretary Steven Mnuchin said PPP loans for more than $2 million would face full audits, while smaller loans could face spot checks.

Audit 71

Audit Payroll Small Business Treasury 71

PYMNTS

MAY 15, 2019

He added that global reach remains especially important in the disbursements business, where Visa now has a presence, moving money to consumers and firms in a manner that is truly ubiquitous. If you are a treasury bank, you have to operate in both of those spaces,” he explained. “T That’s B2B Connect,” he said.

Cross-Border 74

Cross-Border Cross-Border Payments Credential Wire Transfer 74

PYMNTS

MAY 11, 2020

Treasury Secretary Steven Mnuchin said he wants to tweak the rules of the Paycheck Protection Program (PPP) to accommodate restaurants stuck between a rock and a hard place, according to a report by The Wall Street Journal (WSJ). The restaurant industry’s many lost employees claim an outsized chunk of the ranks of the staggering 7.7

Treasury 61

Treasury Rules Payroll Small Business 61

PYMNTS

MAY 8, 2020

The trouble goes back to when the program opened its doors on April 3, with businesses under 500 employees strongly encouraged to apply for the loans as long as they could meet two conditions. The first is that they had been in business before Jan. against the Treasury and the U.S. Small Business Administration (SBA).

Treasury 52

Treasury Payroll Small Business Government 52

PYMNTS

JANUARY 14, 2019

This could have sizeable impacts on small and medium-sized businesses (SMBs), which typically do not have their own treasury departments, and as such stand to benefit from real-time insights on their cashflow and liquidity positions. One recent move came from business commerce platform Tradeshift.

API 57

API Payment APIs and Integration B2B Payroll 57

Fintech Review

APRIL 19, 2025

For instance, a payroll platform no longer just handles payslips. A treasury management SaaS doesnt only reconcile cash, it connects to foreign exchange hedging, liquidity planning, and yield optimisation. They aim to reduce switching costs and eliminate the friction of fragmented systems. lies embedded finance.

Finance 52

Finance FinTech Embedded Finance Payment APIs and Integration 52

PYMNTS

APRIL 16, 2020

Small business owners have tapped into, and exhausted, the $349 billion Paycheck Protection Program (PPP) offered through the Small Business Administration (SBA) as part of the federal coronavirus relief package. Technology SMB owners appear to be the most likely to reduce their employee payrolls, with 54.8

Small Business 56

Small Business Payroll Enrollments Underserved 56