SMBs

Small and Medium businesses are privately owned corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation.

Oxford Commercial Finance Debuts Purchase Order Financing
Oxford Commercial Finance Debuts Purchase Order Financing
September 21, 2023  |  B2B Payments

Oxford Commercial Finance has expanded its small and medium-sized business (SMB) working capital offerings. The Michigan-based lender — a subsidiary of Oxford Bank — announced Thursday (Sept. 21) it would...

READ MORE >
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
September 21, 2023  |  Economy

The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to...

READ MORE >
Meta Expands Verified Program to Businesses
Meta Expands Verified Program to Businesses
September 20, 2023  |  Meta

Meta is expanding its verification program to businesses on its Facebook, Instagram and WhatsApp platforms. The program, first launched for creators earlier this year, is set to be tested in the...

READ MORE >
Cross-Border Payments Innovation Key to SMB Growth
Cross-Border Payments Innovation Key to SMB Growth
September 19, 2023  |  Cross-border Payments

Industries are defined by what customers do, not what companies produce. And if something doesn’t scale up across a global audience, then it isn’t worth much.  That’s...

READ MORE >
Payoneer Lets More Airbnb Hosts Get Paid in Local Currencies
Payoneer Lets More Airbnb Hosts Get Paid in Local Currencies
September 19, 2023  |  Payment Methods

Airbnb has expanded its partnership with FinTech Payoneer. The new version of the team-up allows Airbnb hosts in multiple countries to get paid in local...

READ MORE >
HSBC Launches Document-Free Trade Finance Tool TradePay
HSBC Launches Document-Free Trade Finance Tool TradePay
September 19, 2023  |  Accounts Receivable

Banking giant HSBC debuted a trade finance offer to help clients pay suppliers. The tool, dubbed TradePay, is an industry-first, document-free trade finance solution that...

READ MORE >
Bank of America Debuts Tool to Digitize Trade Finance
Bank of America Debuts Tool to Digitize Trade Finance
September 18, 2023  |  Accounts Receivable

Bank of America has unveiled a platform to help business clients digitize trade finance. The company’s CashPro Supply Chain Solutions tool is designed to offer supply chain...

READ MORE >
Swift and Wise Team to Offer FIs More Cross-Border Options
Swift and Wise Team to Offer FIs More Cross-Border Options
September 18, 2023  |  Partnerships

Money transfer firm Wise and global messaging platform Swift have launched a cross-border payment partnership. The collaboration, announced Monday (Sept. 18), is designed to provide financial institutions and their customers with...

READ MORE >
How to PayFac: What Software Platforms Need to Know
How to PayFac: What Software Platforms Need to Know
September 18, 2023  |  Digital Payments

The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible...

READ MORE >