SMB

VIDEO: What Percent of SMBs Carry Consistent Credit Card Debt?

24% of SMBs’ report carrying a credit balance month to month. Half of all SMBs report carrying credit debt occasionally. Only 33% of consumers carry occasional credit debt. 1 in 4 SMBs have a loan with a non-bank alternative lender.

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Australia Forms Body to Handle SMB’s Bank Disputes

Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart Company said this week.

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VIDEO: What Percent of SMBs Assign Credit Cards to Employees?

91% of SMBs will assign a business credit card to an employee. 75% of business cards accrue rewards for the company vs. holder. 36% of SMBs co-mingle personal funds with business funds Even large SMBs with $5-10mm in assets co-mingle (31%). Millennial SMB owners are especially likely to co-mingle (49%) Data for this episode of […]

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It’s Trust Over Tech for SMBs Choosing a Bank

Despite the rise of FinTech firms and challenger banks hoping to offer small businesses (SMBs) a better banking experience, large traditional financial institutions (FIs) continue to hold the dominant position in the SMB financial services (FinServ) space.

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Amazon Launches Amex SMB Card, New Prime Features for Businesses

Amazon Business is bolstering its services for small businesses through a new co-branded commercial card with American Express as well as enhanced Prime features for business users.

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VIDEO: What Percent of Small Businesses Use a Personal Credit Card?

– 36% of small businesses co-mingle personal funds with B2B purchases– The younger the business owner – the more likely to use a personal card– 49% of millennial business owners use personal cards– 31% of older business owners use personal cards for businessSmall businesses will use a personal credit card or charge card for tons […]

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Small Merchants Are Generating Bigger Payment Volumes, Analysis Finds

Small merchants are generating more payment volume, and health-care providers handily outlive restaurants and bars in their relationships with merchant acquirers, according to a new analysis from The Strawhecker Group. Data from the Omaha, Neb.

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SMBs Claim Control Over Finances With B2B Payments Innovation

There is a disconnect between the payment options businesses offer their customers and the options businesses use to pay each other. Between real-time payment options, one-click buy buttons and instant credit transfer schemes, consumers get the gold standard when it comes to payments solutions.

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Discover Launches New Card for Small Businesses

Discover is adding to its suite of commercial card products. Its newest offering, the Discover It Business credit card, was announced in a press release Wednesday (Sept. 12). Discover is zeroing in on cash back rewards for its corporate customers, offering unlimited 1.

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Banks Play Catch-up in Fintech for Small Business Clients

The digital divide between business and retail customers is starting to disappear. Mastercard on Monday announced a partnership with the fintech firm Strands to provide issuing banks with digital cash management and commercial payment tools specifically designed for their small- to midsize-business customers.

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UK Banks Face Potential Exodus of SMB Clients Over Digital Payments

There’s good and bad news for UK banks in the 2018 FIS PACE study on SMB banking, which surveyed hundreds of small-to-midsized businesses (SMBs) throughout the country. The good: 7 out of 10 SMB clients are satisfied by their banks performance.

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SLIDESHOW: Digitizing SMB Payments

Small and mid-size businesses (SMBs) are adapting to digital payments technology at slower speeds and for different reasons than larger enterprises. Cash and checks still account for almost half of all SMB payments, and SMBs have lagged behind other merchants in the U.S. shift to EMV technology.

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