Instant payments are rapidly becoming a preferred method for disbursements, revolutionizing how consumers, SMBs and enterprise senders manage their finances. And there is a consistent theme: As adoption grows, satisfaction and financial performance improve. For consumers, instant payments offer speed and convenience. These faster payments...
Small to mid-sized businesses (SMBs) across the U.S. face struggles due to fragmented and inefficient business-to-business (B2B) payment systems. While many SMBs recognize the potential of integrated solutions to streamline operations, cost concerns and security challenges remain obstacles to adoption. A PYMNTS Intelligence report, “More...
Parafin has raised $100 million in a Series C funding round to grow its embedded finance infrastructure that powers financial services for marketplaces, vertical software-as-a-service (SaaS) providers and payment platforms. The company will use the new capital to scale its existing products, ship new ones...
Small business and small farm loans decreased in 2023 as interest rates rose and lending standards tightened, according to three federal banking agencies with responsibilities for the Community Reinvestment Act (CRA). Compared to 2022, the number of small business loans originated decreased by 5.1% and...
December 18, 2024
Instant payments are rapidly becoming a preferred method for disbursements, revolutionizing how consumers, SMBs and enterprise senders manage their finances. And there is a consistent theme: As adoption grows, satisfaction and financial performance improve. For consumers, instant payments offer speed and convenience. These faster payments allow them to receive funds quickly, particularly when they’re in […]
December 18, 2024
Small to mid-sized businesses (SMBs) across the U.S. face struggles due to fragmented and inefficient business-to-business (B2B) payment systems. While many SMBs recognize the potential of integrated solutions to streamline...
December 13, 2024
No business wants to get paid slower. No one wants to park their financial operations with a larger company. And no one wants to pay more fees for banking and...
December 03, 2024
For restaurants, there’s a funding gap, a chasm between gaining access to the capital they need to thrive and grow and the traditional channels offering that capital. Mitchell Hipp, divisional...
December 17, 2024
Parafin has raised $100 million in a Series C funding round to grow its embedded finance infrastructure that powers financial services for marketplaces, vertical software-as-a-service (SaaS) providers and payment platforms. The company will use the new capital to scale its existing products, ship new ones and expand into new geographies, Parafin said in a Tuesday […]
December 16, 2024
Small business and small farm loans decreased in 2023 as interest rates rose and lending standards tightened, according to three federal banking agencies with responsibilities for the Community Reinvestment Act...
December 15, 2024
New research from Goldman Sachs shows muted artificial intelligence (AI) use at American companies. Just 6.1% of businesses are using AI to produce their products or services, according to research...
December 11, 2024
Global financial platform Loop launched a corporate credit card solution for Canadian small- to medium-sized businesses (SMBs) that manage cross-border purchasing. Launched in collaboration with EQ Bank, the Loop Global...
