In contrast to typical business loans or personal sources of financing, business cards offer multiple benefits for small- to medium-sized businesses (SMBs). These benefits include easier qualification than bank loans, higher credit limits and other various perks. According to a recent poll, more than 9...
The past few years have been full of challenges for small- to medium-sized businesses (SMBs). “It is definitely a perfect storm, and not in a good way,” Anthony Peculic, head of BaaS and Card, FinTech Banking at Cross River, told PYMNTS. “Small businesses at this...
The innovations shaping the payments industry are moving in real time. And increasingly so, too, is money itself. “What we’re seeing from a product perspective is a lot of focus on faster payments,” Keith Vander Leest, head of payments at Cross River, told PYMNTS as part of...
Access to business financing remains a significant challenge for small- to medium-sized businesses (SMBs), with many finding it increasingly difficult to secure traditional funding from banks. According to data from a recent study conducted by PYMNTS Intelligence and Cross River, the share of SMBs that...
February 23, 2024
In contrast to typical business loans or personal sources of financing, business cards offer multiple benefits for small- to medium-sized businesses (SMBs). These benefits include easier qualification than bank loans, higher credit limits and other various perks. According to a recent poll, more than 9 in 10 new business owners who used business cards as […]
October 31, 2023
The past few years have been full of challenges for small- to medium-sized businesses (SMBs). “It is definitely a perfect storm, and not in a good way,” Anthony Peculic, head...
October 24, 2023
The innovations shaping the payments industry are moving in real time. And increasingly so, too, is money itself. “What we’re seeing from a product perspective is a lot of focus...
December 29, 2020
The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information. Enabling rapid-fire transactions to become...
October 22, 2024
Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts. The proposed requirements are a proper response to the collapse of Synapse and the fallout that impacted its FDIC-insured banking partner, Evolve Bank & Trust, and several FinTechs, Gade said […]
March 31, 2023
Cross River and FinClusive have partnered to deliver financial services to underserved communities. Working together, Cross River’s embedded finance solutions and FinClusive’s Compliance-as-a-Service (CaaS) infrastructure will provide account and payment...
March 22, 2023
Embedded finance provider Cross River Bank is helping Pay.com expand into the U.S. The partnership between the two companies, announced Wednesday (March 22), will enhance the U.K.-based Pay.com’s automated payment...
July 28, 2022
Mastercard has added several new global partners to its Mastercard Installments buy now, pay later (BNPL) program in an effort to help more small businesses across the U.S. offer flexible...
