With 130,000 permanent closures in 2020, small- to mid-sized businesses (SMBs) suffered economic impacts early on in the pandemic. Today, the SMBs that typically drive economic growth in small towns and cities across the United States continue to face headwinds such as emergent inflationary pressures,...
For millions of small business owners during the pandemic, it was the credit unions (CUs) and community banks that came to the rescue, through always-on customer service, as well as new products and services tailored to help small- to medium-sized businesses (SMBs) not just survive...
For small business owners who use vehicles to do their work, GPS fleet tracking tells them more than just where their vehicles are. It also tells them whether the vehicles are being driven safely, whether they’re being properly maintained, and whether they’re being routed in...
An all-in-one payments platform is beneficial to businesses, but many small and medium-sized businesses (SMBs) have reservations about adopting the technology, according to “The Future of Business Payables Innovation,” a PYMNTS and Plastiq collaboration based on a survey of 500 SMBs. Get the report: The...
The restaurant industry is being eyed as a barometer of how local mom and pop shops on Main Street will bounce back post-pandemic — and it turns out cash flow is king. Plus, the gaming industry has 3 billion reasons why advertisers should be paying...
Through the past several decades, conceptually, B2B payments have been rather simple: Buyers received paper invoices, and suppliers got paper checks. Buyers want to hold on to cash as long as possible, while suppliers want funds in hand as soon as possible. But now, in...
Small- to medium-sized businesses (SMBs) face a number of operational challenges when managing their growth. From accounts payable (AP) and accounts receivable (AR) tracking to making sure liquidity strategies are optimized for scale, adding the latest payments technology to a financial management strategy can be...
Small- to medium-sized business (SMB)-focused FinTech Plastiq has unveiled Plastiq Pay, which is intended to help SMBs improve their cash flow, according to a Tuesday (April 5) press release emailed to PYMNTS. Plastiq Pay eliminates the manual management of vendor payments and helps SMBs connect...
While no one is emerging from the COVID-19 pandemic unscathed, it’s the small business community — often considered the heartbeat or backbone of the U.S. economy — that has taken a major hit. An estimated 75% of small and medium-sized businesses (SMBs) saw a loss...
