Commercial Payments news and trends

White House Ramps Up Small Business Working Capital Offerings
SMBs // July 18, 2024

When it comes to the business landscape, more money commonly equals, or creates, more opportunities. And with the news that the Small Business Administration (SBA) has started soliciting insights on a new pilot program within the 7(a) Loan Program designed to support small and medium-sized businesses (SMBs), putting...

Lighthouse Debuts AI-Powered Solution for Independent Hoteliers
Travel Payments // July 18, 2024

Hospitality/travel industry commercial platform Lighthouse has debuted an artificial intelligence (AI)-powered solution. Channel Manager, announced Thursday (July 18), is designed to erase what the company calls “long-standing limitations” of static pricing, promotion and distribution technologies. “Independent hotel owners, general managers and sales leaders have traditionally...

Small Business-Focused FinTech Wamo Raises $5 Million
Investments // July 18, 2024

London-based FinTech wamo has raised $5 million to develop small to medium-sized business (SMB)-focused banking solutions. In addition to the growth investment, CEO and founder Yanki Onen said on the company blog Thursday (July 18), wamo has also obtained its Electronic Money Institution (EMI) license. “Together, they equip us with the...

Coast Raises $40 Million to Expand Solutions for Fleet Payments
Investments // July 18, 2024

Coast has raised $40 million in new Series B financing to accelerate adoption of its solutions for fleet payments. The company will use the new funding to grow its team, develop its product and partnerships, and expand to other financial services needed by business customers,...

Interviews & Exclusives
Beyond the Bank: Bank of America’s Strategic Shift to FinTech Collaboration

July 19, 2024
In a business landscape that moves fast, standing still can be fatal. Digital innovation has sharpened the knife of inertia, and the collaboration between traditional banks and FinTech companies is becoming crucial for competitive differentiation. The partnership between banks and FinTechs allows each party to focus on its core strengths. Banks can continue to offer […]

Cloud Security 101: Treasury Releases Essential Guidelines for FIs

July 17, 2024
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department of the Treasury and the...

Embedded Finance’s Next Stop Is B2B Commerce

July 17, 2024
Wind the clock back just a few years, and online transactions were a disjointed experience. After filling a cart at a merchant’s site, upon checking out a user would be...

Markaaz CEO Says New Take on Data Helps Banks Close Small Business Identity Gap

July 11, 2024
How do you really know a business? The credit score can be misleading, especially for a small business that has weathered the pandemic. A profit and loss statement shows the...

Quick Reads
Lighthouse Debuts AI-Powered Solution for Independent Hoteliers

July 18, 2024
Hospitality/travel industry commercial platform Lighthouse has debuted an artificial intelligence (AI)-powered solution. Channel Manager, announced Thursday (July 18), is designed to erase what the company calls “long-standing limitations” of static pricing, promotion and distribution technologies. “Independent hotel owners, general managers and sales leaders have traditionally relied on separate pricing, promotional and channel management tools that […]

Small Business-Focused FinTech Wamo Raises $5 Million

July 18, 2024
London-based FinTech wamo has raised $5 million to develop small to medium-sized business (SMB)-focused banking solutions. In addition to the growth investment, CEO and founder Yanki Onen said on the company blog Thursday (July 18), wamo...

Coast Raises $40 Million to Expand Solutions for Fleet Payments

July 18, 2024
Coast has raised $40 million in new Series B financing to accelerate adoption of its solutions for fleet payments. The company will use the new funding to grow its team,...

Auto Plant Closures, Hurricane Drive Increase in Initial Unemployment Claims

July 18, 2024
The number of initial claims for unemployment insurance increased by 20,000 during the week ended Saturday (July 13), driven by temporary closures of automobile plants and the effects of Hurricane...