Payments News

On The Web

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Users

For Small-Business Owners, a Shifting Landscape of Resources

“Small businesses across the country have been pounded by the pandemic. Entrepreneurs have been forced to make drastic cuts and pivot to new business models to keep going. Financial aid, though, is what has kept the lights on. But today, many sources, including private foundations and the federal government, that once offered loans and grants […]
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Global

Hoping to be LatAm’s Top Digital Bank for SMBs, Xepelin Launches a Lending and Revenue Management Service

“There’s another entrant in the startup race to provide financial services to Latin America’s small and medium-sized businesses. Financial services have been a huge opportunity for startups coming out of Brazil, Colombia and Mexico in recent years, and now Xepelin , a new company from Chile, is looking to join the fray.”
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Users

March Retail Sales Plunged Record 8.7% As Coronavirus Shutdowns Took Hold

“U.S. retail sales posted their largest drop on record in March, as widespread shutdowns from the coronavirus pandemic prompted American shoppers to sharply reduce spending on cars, clothes, restaurants and bars. Retail sales, a measure of purchases at stores, at restaurants and online, decreased a seasonally adjusted 8.7% in March from a month earlier, the […]
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Users

Supermarkets of the Future Will Be Built on Service – so Invest in Payments

“In store, active service includes the form of payment at the end of the customer journey. Fitch research has shown that payment is one of two integral factors that contribute to a positive shopping experience. Retail experiences are defined by ‘peaks’, the emotional high point for the customer, and the ‘end’ – usually payment before departing. […]
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Glenbrook

Merchant Payments Operations: Reporting and Analytics

“In Kavita Jiandani’s post Assessing a Merchant’s Payments Operations , she introduced Glenbrook’s methodology for our in-depth assessment of a merchant’s payments operations. In her introductory piece, Kavita highlights the major Key Assessment Areas we evaluate during each engagement. In this Payments Views entry, I continue with a focus on one of the Key Assessment […]
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Users

Kabbage Launches Custom Loans for Small Business

“Kabbage Inc., a provider of cash-flow solutions to small business, announced the launch of a custom loans program for Kabbage Payments customers. The program allows small businesses to get anywhere from a three-day to 45-day loan that they may repay in full or allocate 100% of Kabbage Pay revenue toward the balance.  Custom loans have a […]

On The Wires

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Companies

Is Your Business Ready for the Digital Future? Mastercard Launches Small Business Digital Readiness Diagnostic to Help Businesses Go Digital

“As small businesses accelerate digital transformation efforts in response to the pandemic, today Mastercard is announcing the U.S. launch of the Small Business Digital Readiness Diagnostic , a free online tool to help entrepreneurs future-proof their businesses for a digital world. The new Diagnostic tool is an expansion of Mastercard’s Digital Doors curriculum, which helps […]