If you’ve considered operating as a cashless business, you wouldn’t be too far in left field from consumer trends. In fact, according to the Pew Research Center, 29% of Americans aren’t using cash for their weekly purchases and the trend… Read More »The Pros and Cons of a Cashless Business
The avenues of fraud are ever-changing. Fraudsters are continuously finding new ways to bypass security and take advantage of its flaws, keeping prevention specialists on their toes. In fact, according to a study conducted at the beginning of 2018 by… Read More »Understanding the History of Fraud and How To Prevent It
In July 2019, Creditcards.com commissioned an online survey with 2,544 adult participants about their use of cash, credit, and debit cards. What they discovered is that, overall, consumers prefer to use cash for purchases worth less than $10. It turns… Read More »Credit and Debit Cards Gaining Up On Cash for Small Purchases
Western Union, is known as a global leader in cross-currency, cross-border money movement. Through its “omnichannel” platform, it enables customers and businesses to send, receive money, and make payments easily and efficiently. As of June 30, 2019, its network included… Read More »Western Union Plans Layoffs In A Growing Digital Market
If you’re in the restaurant business or food and accommodation services, now might be the best time to take out a loan. According to an August 2019 study, lenders are approving loans 51% of the time for restaurateurs. These are… Read More »Good Time To Take Out a Restaurant Loan
Taking out a business loan can feel almost like a leap of faith. Business owners can be hesitant to pursue this option because of a worry that they won’t be able to handle the payments, a negative connotation of receiving… Read More »4 Things to Consider Before Getting a Business Loan
If you’re a small business looking for a little extra financing, you may have considered a merchant cash advance (MCA) but aren’t sure if it’s right for you. An MCA is a lump sum of money given to a business… Read More »Should Your Business Get a Merchant Cash Advance?
The Federal Reserve announced that a real-time payment service will be entering the market by 2023 or 2024. The new service is called FedNow and set to reach every bank in every community within the United States. Four considerations were… Read More »Feds Claim To Not Compete With Real-Time Payment Offerings
In May 2018, the Supreme Court declared the Professional and Amateur Sports Protection Act (PASPA) unconstitutional in a 6-3 decision. What this means is that it will be left up to the states to decide whether or not to allow… Read More »Legalizing Online Sports Betting Could Distress Payment Firms
There comes a time in every new and seasoned business owner’s journey where they will need to take out a business loan. Whether it would be to invest in new equipment, to purchase real estate for their expansion, or to… Read More »Small Business Loans Are Approved by Banks Like Never Before
