Inflation, consumer cutbacks, and limited access to capital are all hindering small and medium businesses (SMBs), which are turning to digital tools to close gaps and firm up operations. While throngs of shoppers returned to physical stores in 2022 and so far in 2023, they’re...
Melio has launched a mobile app that helps small businesses make and track B2B payments while on the go. The new app, which is now available on the Apple App Store and will be added to the Google Play Store in the coming months, complements...
Cash is the lifeblood of a business, meaning that delayed payments delay growth. Payment defaults are even worse. Today’s turbulent macroclimate has only underscored the importance of keeping cash on hand for businesses — complicating the buyer and seller dynamic by adding more pressure around...
Nothing is more rewarding than being a small business owner — and nothing is more challenging. That’s because being your own boss brings with it a whole new set of financial responsibilities, and those responsibilities come with a wide array of operational vulnerabilities that can...
Small and medium-sized businesses (SMBs) have a big problem — their access to capital is shrinking. A historically underbanked segment, it is becoming more difficult for SMBs to borrow as the economy tightens and macro conditions worsen. This, as ongoing contractions across the Main Street...
Delayed invoice payments are the bane of businesses everywhere, but for freelancers and small businesses, the sting from these late payments can be especially crippling to their cash flow. The November edition of PYMNTS’ “B2B and Digital Payments Tracker” found that cash flow challenges impact...
Fiserv will allow merchants to tap into increased demand for contactless transactions. The payments company announced in a Monday (April 24) news release it has integrated its Clover point-of-sale (POS) tool with Apple’s Tap to Pay on iPhone. “Small businesses want to streamline their operations,...
Small business banking platform Lili has added accounting software to its toolkit. The new product — dubbed “Lili Smart” — makes Lili the nation’s first super app for banking, the company said in a news release Tuesday (April 18). “Banking and accounting are part of...
PYMNTS research reveals most small hospitality firms don’t have cash reserves to fall back on. By the Numbers Research from the latest edition of PYMNTS’ Main Street Health study, “Main Street Health Q1 2023: Using Finance to Ease Recession Fears,” created in collaboration with Enigma, which...
