For Main Street’s small businesses, the jury’s still out as to whether — or when — a recession will hit. A spate of recent economic reports underscores a slowdown, while costs are increasing for the firms that power the U.S. economy. S&P Global said in a...
SAP Fioneer has launched a banking solution for small and medium-sized businesses (SMBs). The new Fioneer SME Banking Edition enables banks and neobanks to offer digital-first banking capabilities that are tailored to the needs of SMBs, SAP Fioneer said in a Thursday (June 22) press...
Novo has added a debit card to its financial platform for small businesses. The new Novo Debit Card features transaction monitoring, fraud alerts and in-app controls designed to help small business owners keep track of their transaction activity, the company said in a Thursday (June 22) press release....
Cross River Bank and Fintainium have partnered to deliver payment services to small businesses. The collaboration will allow Fintainium to offer its business customers access to automated clearing house (ACH), push-to-card and check processing with positive pay fraud prevention enabled by Cross River Bank, the companies said in a Wednesday...
Swedish FinTech Froda has launched a card-based embedded lending solution in Denmark. Developed in partnership with digital challenger bank Lunar and Visa, this offering was successfully tested in Denmark during the spring and became available to all Lunar customers in the country Tuesday (June 20), Froda said in a Tuesday press release....
Small businesses in Times Square are reportedly struggling in the post-pandemic environment. While crowds have returned to the New York City neighborhood, they are smaller than they were before the pandemic, and they include a notable reduction in the numbers of office workers and tourists, The Wall...
Financial services platform Stripe has unveiled a new charge program for its commercial card-issuing product. “Whether a small business is just starting out or looking to expand, access to capital can make all the difference,” Denise Ho, head of product for Stripe’s Banking-as-a-Service (BaaS) business, said in a news release...
Small businesses are the backbone of the economy, providing jobs and driving innovation. Hicham Oudghiri, CEO of Enigma Technologies, told Karen Webster, with a nod to the fact that the last few years have been anything but business as usual: “Small businesses tend to hold...
Consumer confidence continues to wane. And in May, it’s a less-sanguine view of the labor market that has households feeling a bit less cheerful about their prospects, which may signal some trouble ahead for Main Street businesses. The latest data from The Conference Board shows that the Consumer Confidence...
