PYMNTS-MonitorEdge-May-2024

SMB

View the latest news, analysis and trends in main street small business, their digital shift and key insights from main street businesses and innovators

BoA Downgrades Square Over SMB Sector Concerns
BoA Downgrades Square Over SMB Sector Concerns
May 18, 2020  |  SMBs

Bank of America has lowered its rating of Square Inc. by two notches Monday (May 18), downgrading the stock to “underperform” from “buy” amid fears that...

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Using AI And Biometrics To Digitize Estate Planning
Using AI And Biometrics To Digitize Estate Planning
May 14, 2020  |  Authentication

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC)...

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Today In Payments: New Research Shows 100K+ SMBs Won’t Recover; Uber, Grubhub Combo Would Create Delivery Giant
Today In Payments: New Research Shows 100K+ SMBs Won’t Recover; Uber, Grubhub Combo Would Create...
May 13, 2020  |  News

In today’s top news, new research shows that more than 100,000 SMBs will fold due to the pandemic, and Uber has reportedly made an offer...

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SMBs Pivot And Change Business Models To Survive COVID-19
SMBs Pivot And Change Business Models To Survive COVID-19
May 12, 2020  |  Innovation

As the world grapples with the coronavirus pandemic, a situation no one has ever experienced before, everyone from kindergarten teachers to corporate executives has had...

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For SMBs, What Comes Next After The (Terrible) Unemployment Report?
For SMBs, What Comes Next After The (Terrible) Unemployment Report?
May 08, 2020  |  Economy

The number we’ll remember — 14.7 percent, the headline number for April U.S. unemployment — is the one we hope is a peak. But there are...

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Would-Be PPP SMBs Skip The Funding Over Audit Fears
Would-Be PPP SMBs Skip The Funding Over Audit Fears
May 01, 2020  |  Coronavirus

Before the forgiveness … comes the audit. And audits, as we all know, strike fear into the hearts of, well, pretty much everyone, whether financial...

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NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart
May 01, 2020  |  Coronavirus

  The COVID-19 pandemic has triggered a massive consumer migration to digital commerce. Consumers living under stay-at-home orders are going online to manage their personal...

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Tide Revamps SMB Overdraft, Card Offerings With Mambu
Tide Revamps SMB Overdraft, Card Offerings With Mambu
April 30, 2020  |  B2B Payments

Cloud banking platform Mambu will help business banking platform Tide expand its services, including innovations in releasing larger overdrafts, credit cards and invoice financing, according...

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Federal Reserve Extends Reach Of Main Street Lending Program
Federal Reserve Extends Reach Of Main Street Lending Program
April 30, 2020  |  Loans

The Federal Reserve is extending its $600 billion Main Street lending program to reach small and medium-sized businesses (SMBs) hit by the coronavirus pandemic, the...

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