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The move is important for new banks in states like California, where a small-business lending program requires a three-star rating from the agency.
August 24 -
Visa has continued to establish a more complete B2B offering, working through its Visa B2B Connect blockchain payments service to help companies establish application interfaces and platforms to handle business transactions more efficiently.
August 8 -
The partnership targets home improvement and some health care merchants that accept American Express. These merchants will be able to drive more sales by providing financing options for large purchases.
August 6 -
Paying international suppliers through a bank portal is a painful, expensive process that creates unnecessary friction for burgeoning cross-border trade. There are better fintech alternatives, writes Karla Friede, CEO of Nvoicepay.
July 31Nvoicepay -
Since the marketplace model is relatively new, the vast majority of the merchants selling through that channel are new too, meaning they do not have the track record that banks look for when providing loans, writes Keith Smith, CEO of Payability.
July 27Payability -
The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.
July 23 -
An integrated payments and receivables solution is helping two Michigan credit unions boost engagement with small business members.
July 20 -
Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables.
July 20 -
To improve videoconferencing adoption, banks are advised to focus on one particular group of clients.
July 19 -
While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers.
July 12