Small- to medium-sized businesses (SMBs) have reportedly returned to traveling more quickly than corporates. The amount of money spent on business travel by SMBs has rebounded to 80% of pre-pandemic levels, while that by global and multinational firms lags behind at 61%, The Wall Street...
U.S. Bank is launching a card for small business “road warriors” with big expenses. The bank will debut the Business Altitude Connect World Elite Mastercard by the end of February, the company said in an announcement provided to PYMNTS Thursday (Jan. 19). The card is...
Access to working capital remains a critical pain point for small- to medium-sized businesses (SMBs). Unlike larger companies who commonly enjoy longstanding relationships with their preferred financial institutions, SMBs often need additional help accessing sources of capital. These cash flow concerns can lead to SMBs needing...
Savvy small- to medium-sized businesses (SMBs) may consider prioritizing automating accounts payable (AP)/accounts receivable (AR) systems to slash price tag hikes while dispensing of manual involvement headaches. Some companies are leveling off or rolling back price increases in the coming year after pandemic-related and supply...
The small businesses lining Main Street will feel a profit pinch as consumers’ wallets snap shut. Coming into the new year, these firms — the nail salons, retailers and specialty shops, the restaurants, too — raised prices to combat their higher operating costs. But now there’s blowback. Too few...
As working capital from traditional lenders evaporates, SMBs are seeking fresh funds from digital channels. That’s according to PYMNTS and NCR’s report “Digital Banking Rises To Meet SMB Needs,” which showed that as SMBs raised prices last year to meet higher supplier and operating costs,...
The MENA-focused B2B eCommerce Tradeling has announced a collaboration with Mastercard. As part of the partnership, Tradeling business-to-business (B2B) customers in the United Arab Emirates (UAE) using Mastercard SME or Business debit, credit, or prepaid cards will be able to redeem a 5% discount on...
Banks’ pullback on small business lending is creating an opportunity for FinTechs to step in. In data released on Tuesday (Jan. 10), small business financing firm Biz2Credit noted that there’s been little to no growth in lending to small- to medium-sized businesses (SMBs). As for the...
SMBs are already dealing with inflation but now must bear the brunt of higher interest rate hikes too. It’s an economic one-two punch that forces legions of entrepreneurs and small business owners to swallow higher loan and supplier costs when they’re already struggling to grow revenue. The...
