Payments News

On The Web

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Users

Shipping Delays and Higher Rates Get Small Businesses Jammed Up

“Long waits for merchandise deliveries and crippling costs are hobbling the efforts of small and midsize businesses across the U.S. to benefit from the economic recovery after a difficult year. With retail giants like Walmart Inc. and Amazon.com Inc. rushing to restock to meet booming demand from U.S. consumers, smaller competitors are battling over dwindling […]
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Users

Smaller Is Bigger for Payments Giants

“Digital payments players are going to be competing hard for small businesses as they emerge from the hardships of the pandemic with new ways of selling. It just isn’t clear what game they will be playing. On Wednesday, PayPal Holdings said it was bringing its Zettle product to the U.S. It will offer point-of-sale hardware […]
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Users

Are Payment Apps a Solution for Banking Inequality? Not Quite.

“As underbanked and unbanked consumers use payment apps to conveniently send cash to others, manage their money better, and access otherwise out-of-reach financial services, these tools can also come with costly fees, a lack of customer service, and cybersecurity risks. If left unaddressed, payment apps could further replicate offline inequality for unbanked or underbanked users.”
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Providers

PNC Launches Checking Account for Underbanked That Limits Fees

“PNC Financial Services Group Inc. launched a bank account that limits fees to help consumers facing financial pressures worsened by the pandemic maintain their access to banking services. The checking account, which has no charges for overdrafts or insufficient funds, will cost $5 a month, a company spokesperson said. It’s designed to hold on to […]

On The Wires

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Users

Deluxe Announces Collaboration With Microsoft to Provide HR, Payroll, Accounting Tools for Small Businesses

“Today, Deluxe (NYSE: DLX), a Trusted Payments and Business Technology™ company, announced a collaboration with Microsoft to bring the Deluxe small business human resources (HR) and payroll solutions to Microsoft Dynamics 365 Business Central. The collaboration brings together two trusted companies, Microsoft and Deluxe, to further accelerate financial and accounting solutions for small businesses. A […]
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Providers

C2FO and Marcus by Goldman Sachs Announce Partnership to Provide Financing to Small Businesses

“C2FO, the largest global platform for working capital, today announced a new partnership with Marcus by Goldman Sachs that will provide unsecured financing to eligible businesses that use C2FO in the United States. This partnership aims to give small and medium-sized businesses a new, fast and efficient way to access working capital. Access to working capital […]
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Users

Addressing Unbanked/Underbanked Challenges Requires Multifaceted Approach, According to New Report

“A new report, Delivering Financial Products and Services to the Unbanked and Underbanked in the United States – Challenges and Opportunities, from six trade groups outlines the obstacles and viable solutions for improving financial inclusion, providing access to bank accounts to the unbanked population in the United States, which currently represents approximately 6% of U.S. households, and for reducing […]
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Users

Pay With GasBuddy® Surpasses 1 Million Users

“GasBuddy today announced its Pay with GasBuddy® payments program has surpassed 1 million users. As gas prices have climbed dramatically in the first three months of the year, the Pay with GasBuddy program has gained hyper popularity by delivering on the promise to provide consumers savings on every gallon of gasoline they purchase…Drivers who enroll […]