Merchant

With SBA lending at a standstill, many small businesses can't access the capital they need to create and retain jobs, Stephen Steinour says.

Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications.

The industry faces a range of risks every day ranging from natural disasters to employee misconduct. Management needs a plan in place for when a problem arises.

While the transaction will lower the cost of servicing First Data’s massive debt, the fintech and processing giant will be more complex and ponderous, writes Eric Grover, a principal at Intrepid Ventures.

Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.

Retailers are aggressively competing to bring new delivery technologies to market, ranging from autonomous vehicles to gig economy apps.

Bitcoin is marked by wild value swings that would preclude robust usage for retail payment, but that’s not stopping companies from moving crypto closer to the point of sale.

The Federal Reserve has suggested it could join the market for instant interbank payments, but private-sector entrants would be better.

With a permanent director confirmed, the agency should take steps to establish a small-business data collection rule mandated by the Dodd-Frank Act.

A 2017 agreement with Marriott International that kept the hotel chain's card portfolio with American Express and JPMorgan Chase will take a brand marketing turn in February, but leave both issuers as partners.