Payments News

On The Web

nbsp;

Providers

US Banks Ease Loan Standards in Battle to Lend

“Bank lending standards eased at a record pace in the second quarter as loose monetary policy and continued economic recovery fueled lending competition. According to UBS analysts, net 25% of banks relaxed lending standards for both consumer and small business loans in the second quarter, based in part on data from the Federal Reserve Board […]
nbsp;

Providers

‘CashPlease’: Small Bank Debuts Alternative to Payday Loans

“OneUnited’s loan, called CashPlease, is designed to help customers of the $635 million-asset Black-owned bank manage their cash flow without the hurdles and higher costs some other lenders might impose. Instead of conducting credit checks, it looks at applicants’ checking-account activity and other aspects of their relationship with the bank. Funds arrive within four hours […]
nbsp;

Providers

Wells Fargo Abandons Plan to Shut Down Personal Credit Lines

“Weeks after Wells Fargo & Co. set off a public outcry over its plan to discontinue personal lines of credit, the bank is reversing course. In recent days, the San Francisco-based lender began informing customers who have been using their personal credit lines that the financing channels will remain available. People who haven’t used their […]

On The Wires

nbsp;

Providers

Accessible, Affordable Financing for Merchants With DoorDash Capital

“As we continue to listen to our partners and adapt our services and offerings to meet their needs, one key area where they have asked for support is quick and easy access to capital. That’s why today, DoorDash is introducing DoorDash Capital , a new merchant service that provides fair and convenient access to financing for […]
nbsp; nbsp;

Providers

Kabbage® From American Express Launches Kabbage Funding™ to Help Simplify Funding for U.S. Small Businesses

“Kabbage from American Express today launched Kabbage Funding , offering eligible small businesses flexible lines of credit between $1,000 and $150,000—now with the powerful backing of American Express. With Kabbage Funding, small businesses can apply in minutes to access working capital 24/7 to help manage their company’s cash flow…Kabbage Funding is a business line of […]
nbsp;

Providers

 Payoneer to Offer Working Capital to Walmart’s Marketplace Sellers

“Payoneer (NASDAQ: PAYO), the commerce technology company powering payments and growth for the new global economy, announced a new working capital offer for Walmart U.S. Marketplace sellers. Payoneer will now offer expanded Payoneer Capital Advance to Walmart Marketplace third-party sellers on Walmart.com. The program helps support Walmart’s sellers’ growth by offering a choice of three […]
nbsp;

Providers

Financial Institutions Can Grow Small Business Relationships With Fintech-Powered Lending Offering From Fiserv

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling financial institutions to build their small and midsize business (SMB) programs through the launch of a cloud-based, digital lending and credit platform. The latest Fiserv offering, leveraging the Atlas Platform from fintech StreetShares, allows financial institutions to manage […]
nbsp;

Providers

Brex Launches Brex Venture Debt to Help Existing Customers Scale

“U.S. fintech company Brex , the all-in-one finance solution for growing businesses, today launched Brex Venture Debt, a new product that gives select customers access to debt financing. Brex already offers credit cards, cash management accounts, spend management, and bill pay software together in a single dashboard for its customer base of high-growth businesses. With […]
nbsp;

Providers

HSBC Is the First Bank to Join Walmart’s Initiative to Improve Access to Working Capital for Diverse and Minority Suppliers in the US

“HSBC Bank USA has become Walmart’s first banking collaborator supporting its initiative to make access to working capital affordable, transparent and more equitable. The financing program, working with C2FO , provides certified diverse and minority suppliers1 with convenient and consistent access to reliable funding sources. The funding could in turn be applied to initiatives that spur […]