Tag: small business

November 17, 2023

Bank of America attributes the rise in small business credit card balances in part to increased spending in 2021 and the first half of 2022. The report focused on small businesses noted that credit card spending has remained at about […]

November 8, 2023

Bluevine on Wednesday announced the launch of Bluevine Premier, a high-yield checking account for small-business owners that offers a 4.25% annual percentage rate on balances up to $3 million. The offering pairs a high return with cash flow flexibility, two […]

October 2, 2023

The largest U.S. bank by assets is making a bid to better compete for small businesses, sending a signal to the rest of the industry that there may be an overlooked threat from competitors like Square, the financial services provider […]

May 2, 2023

U.S. Bank announced it is teaming up with Meta Prosper, Meta’s Asian Pacific Islander community support program, to provide financial literacy resources and programming to support Asian small businesses during Asian American Native Hawaiian Pacific Islander (AANHPI) Heritage Month and […]

April 17, 2023

Owners Bank will offer business interest checking and savings accounts equipped with digital tools to help small businesses manage their finances, set up savings goals and send and accept digital payments. Users will have access to a personalised dashboard that […]

December 16, 2022

In the first stages of the pandemic, it became apparent that many banks were unable to effectively meet the needs of their small business customers in terms of convenience, response time, fast access to capital and overall customer experience. Innovative […]

September 30, 2022

Now that Restaurant Revitalization Fund grants and Payroll Protection Program funds are all but gone, restaurants have few funding options to support pressing financial needs. The National Restaurant Association issued a letter to the Small Business Administration earlier this week […]

September 30, 2022

Brightflow AI, a fintech platform enabling small businesses to control their cash flows and make data-backed decisions, has raised $19 million in funding. It consists of a $15 million Series A led by Haymaker Ventures and a previously unannounced $4.2 […]

May 2, 2022

When you’re running a small business, there’s always a need for extra funding. Whether you’re looking to expand your operations or just cover some unexpected expenses, a small business loan can be a great option says Thomas J Powell. However, […]

January 11, 2022

There has been much chatter about open banking over the last couple of years, and for a good reason. If it stays on its current growth trajectory, it could revolutionize the financial services sector worldwide, forcing changes to existing business […]

December 14, 2021

A financially secure small business doesn’t have to be an oxymoron. Sure, there’s inherently some financial risk involved in any business. And looking after the financial side of your small business can be a complicated process. But that doesn’t mean […]

November 1, 2021

The J.D. Power survey included responses gathered between June and August from 7,327 small-business owners and “financial decision-makers.” The research firm found customer satisfaction ranked 13 points higher, on average — 829, among customers of national banks, as opposed to […]

September 2, 2021

The race to satisfy small and midsize businesses’ demands for digital payments and other financial services is driving up acquisition activity across the payments ecosystem. While some payments players are building up services for the small and midsize business (SMB) […]

June 21, 2021

The financing round was led by Valar Ventures with participation from Crosslink Capital, Rainfall Ventures, Red Sea Ventures and BoxGroup. The start-up aims to use the investment to scale its platform and “more than double” the number of staff by […]

June 1, 2021

TD Bank’s recent pledge to boost lending to minority-owned businesses comes as a recent report from the Federal Reserve Bank of New York found that many Black-owned businesses, many of which lacked existing relationships with traditional banks, leaned harder on […]

May 27, 2021

For the first time since 2019, a panel of the nation’s most powerful bank CEOs testified at a congressional hearing Wednesday. The virtual hearing started off with the CEOs of the nation’s six largest banks touting their pro-social efforts to […]

May 5, 2021

As the White House attempts to sell President Joe Biden’s multitrillion-dollar rescue and recovery plans across the country, Vice President Kamala Harris is taking on a leading role as an ambassador to small businesses, particularly in underrepresented communities. On Wednesday, […]

February 25, 2021

When JPMorgan Chase’s blockchain unit, Onyx, wanted to test payments capabilities between digital devices, it thought big. Like, universe big. “The idea was to explore [Internet-of-Things] payments in a fully decentralized way,” Onyx CEO Umar Farooq told Reuters. “Nowhere is […]

February 17, 2021

U.S. Bank announced today details of its U.S. Bank Access Commitment, a long-term approach bringing the strengths of U.S. Bancorp Community Development Corporation (USBCDC), corporate social responsibility and its business lines, to help build wealth while redefining how the bank […]

February 16, 2021

Amex received a grand jury subpoena from the United States Attorney’s Office for the Eastern District of New York related to its small business cards sales practices, according to Business Insider. The Consumer Financial Protection Bureau (CFPB) is also seeking […]