Merchant

The installment loan provider Splitit, which recently raised A$12 million on the Australian Securities Exchange to fund its Asia-Pacific expansion, faces strong competition from Australian incumbents — and the prospect of stiffer regulation.

The Salt Lake City company, which connects small-business owners with lenders like JPMorgan and BofA, plans to use the funds to expand its partnerships and customer base.

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

The agency's update is good news for banks digesting data suggesting that nonbanks cut into their share of small-business loans during the partial government shutdown.

The online small-business lender reported record loan originations in the fourth quarter, but its CEO is warning that loan growth could slow in 2019.

It took some time to get there, but mobile wallets may have finally found their niche — boosted more by e-commerce than by the point of sale systems they were designed for.

The future of payment is already drastically affecting the retail industry. While retailers will need to adapt their digital strategy yet again, this shift in consumer trends presents yet another opportunity for success, Steve Davidson, vice president of warranty products for Fortegra.

As another possible shutdown looms, concerns about furloughed workers’ credit histories have shifted the reform discussion away from data security.

ACI Worldwide has added new digital in-store payment capabilities for merchants as an upgrade to its current real-time, cloud-based payments software.

If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.