small business

Venmo Pilots Business Payments For Micro SMBs
Venmo Pilots Business Payments For Micro SMBs
July 02, 2020  |  Payment Methods

Venmo will introduce a new feature for businesses to accept payments separate from the individual owner’s account, a press release says. The payments company said...

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UK Treasury Nixes Idea For New Coronavirus Funding Scheme
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
July 02, 2020  |  B2B Payments

The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance,...

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Citi Launches Nonprofit To Aid Struggling SMBs During Pandemic
Citi Launches Nonprofit To Aid Struggling SMBs During Pandemic
June 30, 2020  |  Mastercard

Citi has become the latest financial giant to step forward to boost a rising nonprofit dedicated to minority and women-owned small businesses hit hard by...

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American Express Unveils $200M Cash-Back Program To Boost Spending At SMBs
American Express Unveils $200M Cash-Back Program To Boost Spending At SMBs
June 29, 2020  |  Retail

With the reopening of the U.S. economy underway, American Express is rolling out a $200 million program designed to boost spending at small businesses. The...

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Google Adds Digital Offerings To Boost India’s SMBs
Google Adds Digital Offerings To Boost India’s SMBs
June 25, 2020  |  Google

Google is ramping up its small business offerings in India with newly bundled digital services and a system to let financial institutions offer business loans...

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Data Show 42 Pct Of Small-Cap US Businesses Failing To Turn Profit
Data Show 42 Pct Of Small-Cap US Businesses Failing To Turn Profit
June 23, 2020  |  SMBs

The number of small U.S. companies not turning a profit has reached an unfortunate historic high due to the coronavirus pandemic, the Financial Times reports....

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The Negative Trickle Down Effect of COVID’s (Wealthy) Consumer Spending Pause
The Negative Trickle Down Effect of COVID’s (Wealthy) Consumer Spending Pause
June 22, 2020  |  Economy

Call it the trickle down theory – in reverse. To be clear: We’re not talking about the economic theory that posits that incenting business and relatively wealthier...

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Greensill Says Big Firms Require $65B To Pay Suppliers Within 30 Days
Greensill Says Big Firms Require $65B To Pay Suppliers Within 30 Days
June 18, 2020  |  B2B Payments

If payments were required within 30 days throughout the whole economy, financing company Greensill says large companies would need to quickly locate $65 billion in...

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Democrats Ask Bank CEOs For PPP Records
Democrats Ask Bank CEOs For PPP Records
June 15, 2020  |  Loans

U.S. Democratic lawmakers, in letters to the chief executives of several large banks, demanded the release of documents related to loans made under the government’s...

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