On The Web

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Users

If You Use Venmo, PayPal or Other Payment Apps This Tax Rule Change May Affect You

November 12 2021

• in
• Small and Medium Business

“Payment app providers will have to start reporting to the IRS a user’s business transactions if, in aggregate, they total $600 or more for the year. A business transaction is defined as payment for a good or service.Prior to this change, app providers only had to send the IRS a Form 1099-K if an individual account […]

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Users

JPMorgan Debuts Payments Service Targeting Small Businesses

October 15 2021

• in
• Small and Medium Business

“JPMorgan Chase serves more than 4 million small businesses and in 2020 processed more than 27 billion transactions with a value of $1.4 trillion — but these days, that’s simply not enough. When the actual payment is commoditized, merchants care less about how big their provider is and more about what it can do. By […]

On The Wires

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Users

Plastiq Launches Plastiq Pay to Help SMBs Navigate Through Skyrocketing Inflation Rates

April 6 2022

• in
• Small and Medium Business

“Today, Plastiq , a rapidly growing Kleiner Perkins-backed fintech for Small and Medium Businesses (SMBs), announced the launch of its next generation product – Plastiq Pay. Plastiq Pay helps SMBs improve their cash flow at a time when inflation is threatening their very survival, saves teams precious time otherwise spent manually managing vendor payments, and connects […]

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Users

Raistone Teams Up With Mastercard to Accelerate Working Capital Payments for Small- And-Medium-Sized Businesses

April 6 2022

• in
• Small and Medium Business

“Raistone today announced a collaboration with Mastercard set to simplify business-to-business (B2B) finance payments and speed up access to working capital for small- and-medium-sized businesses (“SMBs”). Using Mastercard’s virtual card technology, Raistone will tap into secure payment innovation to streamline finance approval processes that can exclude SMBs from accessing essential funds needed to sustain and […]

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Users

JPMorgan Chase Launches Diverse Supplier Grant Initiative to Address Barriers to Opportunity for Underrepresented Businesses

March 28 2022

• in
• Small and Medium Business

“JPMorgan Chase (NYSE: JPM) launched the Diverse Supplier Grant Initiative, a program aimed at providing Black-, Hispanic-, and Latino-owned businesses with the access to capital they need to secure corporate contracts. Small and diverse businesses often find it cost-prohibitive to meet industry requirements like cyber security, insurance, and bonding when bidding for new corporate business.”

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Users

Uber and Visa Announce Grants For Growth Program, Providing $1 Million in Grants and Resources to Support Small Businesses

January 10 2022

• in
• Small and Medium Business

“Uber (NYSE: UBER ) and Visa (NYSE: V ) today announced Grants for Growth, a program that will provide $1 million in grant funding to small businesses in 10 U.S. cities that are currently active on Uber Eats. The program will be administered by Local Initiatives Support Corporation (LISC). Focused on restaurant recovery and entrepreneurship, the program […]

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Users

Intuit QuickBooks’ Integrated Small Business Bank Account Is Now QuickBooks Checking

December 16 2021

• in
• Small and Medium Business

“Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp, today introduced QuickBooks Checking . First launched in 2020 as QuickBooks Cash, QuickBooks Checking has transformed business banking into an active money-management hub that delivers greater cash flow predictability and financial control for small businesses.”

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Tech

Intuit Introduces Money by QuickBooks, Mobile Banking Designed for Small Businesses

October 19 2021

• in
• Digital banking
• Small and Medium Business

“Intuit (Nasdaq: INTU) today announced Money by QuickBooks , the latest addition to a comprehensive and ever-expanding suite of QuickBooks offerings that power small businesses with the ability to get paid and manage their cash flow. The Money by QuickBooks mobile app available for free on iOS and Android is designed to give entrepreneurs, freelancers and sole […]

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Users

Credit Karma Expands Credit Karma Money™ to Small Business Employees Through Intuit QuickBooks Integration

August 19 2021

• in
• Small and Medium Business

“Consumers pay more than $30 billion in banking fees each year. Through this integration, Credit Karma and QuickBooks hope to keep more money in the pockets of hard working small business employees, giving them the option to deposit their paycheck into a Credit Karma Money Spend account2. Now, employees paid through QuickBooks Payroll can seamlessly […]

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Deals

U.S. Bank to Acquire Small Business Payments Software Company, Bento Technologies

August 12 2021

• in
• Small and Medium Business

“U.S. Bank has entered into an agreement to acquire Bento Technologies, known as Bento for Business, a fintech company based in Chicago and San Francisco that provides payment and expense management services to small and mid-size businesses. The innovative Bento platform offers businesses simple and easy-to-use tools to better manage card-based payments and other expenses […]