Banks still dominate the small-business arena, but nonbanks are gaining on them, according to a recent survey.

Maria Erickson, a research director for Payment Services Inc., says banks' traditional lock on the segment is slipping.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.