Most small to mid-sized businesses (SMBs) located up and down Main Street, USA, are doing just fine, thank you very much. In fact, according to PYMNTS Intelligence data, business growth and wages for more than half of U.S. Main Street SMBs are outpacing last quarter’s...
There are nearly as many ways to pay and be paid as there are types of small businesses. But there’s one common thread connecting both Main Street businesses and the payment mechanisms they employ: the need to secure those payments without creating checkout frictions that...
Eight in 10 small- to medium-sized businesses (SMBs) get paid via ad hoc payments for the goods and services they provide to larger organizations. The PYMNTS Intelligence’s study “How Instant Ad Hoc Payment Costs Impact Small SMBs” drew from a survey of 200 U.S. enterprises...
Small businesses with big ambitions are turning to artificial intelligence (AI) to drive growth. That’s because, with 2024’s National Small Business Week already on day two, the ways in which embracing next-generation innovations can help their businesses drive competitiveness, become more efficient and make better decisions...
Despite the moniker attached to their segment, small businesses loom large in the American economy. And with the U.S. Small Business Administration (SBA) celebrating National Small Business Week starting Sunday (April 28), the staying power of entrepreneurship in the U.S. is top of mind for both...
As consumers have grown to expect seamless digital convenience, many are finding that smaller merchants fall short of their expectations, PYMNTS Intelligence reveals. By the Numbers The “2024 Global Digital Shopping Index: SMB Edition,” a PYMNTS Intelligence study commissioned by Visa Acceptance Solutions, drew from a survey of...
Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth. The collaboration will see Marqeta offer a commercial card for OakNorth’s business banking clients, with the Marqeta platform giving these customers a better view of the finances, the companies said in a news release Wednesday (April...
Small businesses don’t want embracing modern technology to be a big, technical lift. After all, these Main Street-style companies are increasingly busy building out their growth plans and managing a laundry list of unpredictable daily realities. They don’t have the time to devote their finite...
Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable data in real-time, letting small- to medium-sized businesses (SMBs) go from “application to automated spreading” in seconds, the companies said...
