Fundera

JANUARY 7, 2016

The short-term business loan model has seen extraordinary growth in recent years—non-bank short-term lenders doubled the amount of money they loaned between 2012 and 2013, from $1.5 Enterprises that generate daily revenue are well-suited for this lending model, as most short-term loans are automatically repaid through daily ACH transactions.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Fundera

NOVEMBER 23, 2020

The best way for your restaurant to process transactions, keep track of inventory, manage employees, and build customer relationships, is by having an in-depth point of sale, or POS system. per in-person transaction) and interchange-plus pricing. transaction fees). . Unlimited transactions. Track all transactions.

Transactions 98

Transactions 98

Abrigo

OCTOBER 17, 2014

Many advisors have a transactional view of their clients – focused on which specific service offerings are needed in the short term, according to “The Trusted Advisor” author David Maister. Valuation services can help you retain clients. Valuation services can better balance the workload.

Accounting Firms 76

Accounting Firms Transactions 76

Abrigo

MARCH 4, 2022

A $200 million international fraud scam uncovered in 2013 involving more than 7,000 synthetic identities and tens of thousands of credi cards. One way to accomplish this is to make more lucrative transactions burdensome for fraudsters – requiring additional sources of proof of identity and employment that can be independently verified.

Credit Unions 78

Credit Unions Credit and Collections Transactions Cybersecurity 78

Abrigo

OCTOBER 9, 2019

Bottom-up testing is transactional and best for smaller institutions (under $25B). Charge offs were close to zero for most banks since 2013, according to call report data from S&P Market Intelligence. It relies on transactional data to apply a set of assumptions to a sample of individual transactions alone.

CECL 60

CECL Transactions Credit Risk 60

Fundera

MAY 17, 2019

B2B payments via check actually increased between 2013 and 2016, according to data from the Association of Financial Professionals (AFP). So it is a “split” transaction. But first, let’s revisit the importance of paying by check, and why it’s something every small business owner should consider.

Transactions 74

Transactions Small Businesses 74

Due

APRIL 3, 2023

A fee is charged for maintenance, activation, and transactions during the purchase process. In 2013, the Federal Reserve mandated that everyone could get a PIN for a general-purpose gift card, which allowed them to select what type of transaction they would like to make. However, they cannot. Who purchases gift cards?

Brokerages 80

Brokerages Transactions Credit Card Companies Deductions 80

Fundera

JUNE 20, 2017

The Paydex score is “dollar-weighted,” says Nav , which means that each vendor is weighted in terms of the number of transactions and the overall dollar value of those transactions. Make sure it’s complete and up to date with all current and accurate transactions. Keep checking your Paydex score.

Credit Scoring 63

Credit Scoring Transactions Small Businesses Insurance Companies 63

Abrigo

JUNE 10, 2019

According to the Consumer Financial Protection Bureau in their February 2019 publication Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends , SAR filings on EFE quadrupled from 2013 to 2017, totaling 63,500 in 2017 for a total of $1.7 billion reported by financial institutions.

Credit Unions 60

Credit Unions Transactions 60

Due

JANUARY 3, 2023

What to look for in credit inquiries: In addition to checking your credit report, you should make sure that there are no “funny business” transactions going on. Receive a prequalification or preapproval credit card offer. See if your credit has been checked and if it was shared only with you or with others.

Credit Scoring 119

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

Fundera

DECEMBER 20, 2018

As of 2013 , the company’s database contains information on more than 265 million companies across 200 countries worldwide. The Paydex score is “dollar-weighted,” meaning that each vendor is weighted in terms of the number of transactions and the overall dollar value of those transactions. Bottom line?

Credit Scoring 57

Credit Scoring Insurance Companies Transactions Small Businesses 57

Due

APRIL 13, 2023

The couple caught the limelight in 2021 when the IRS contented them for owing taxes of more than $300,000 on their earnings from credit card rewards in 2013-2014. This includes the welcome bonuses you receive for getting a new credit card, as you generally get it after spending a specific amount or making certain transactions.

Deductions 59

Deductions Transactions Small Businesses 59

Fundera

FEBRUARY 4, 2016

In 2013, New York City-based small business Hella Bitters had a series of fortunate events. For example: ReceiptMatch allows business owners to easily add receipts to their transactions, along with other tags and notes. This Business Tripled Production… And American Express OPEN Was There To Help.

Small Businesses 57

Small Businesses Transactions 57

Fundera

APRIL 28, 2017

It has everything you’d need from a POS system on an operational standpoint—processing transactions, hardware, ecommerce services, sales operations, inventory management, and so on. However, in 2013, Shopify ventured into the world on brick-and-mortar stores, added their own system to the list of POS systems available to retail store owners.

Small Businesses 78

Small Businesses Credit Card Payments Transactions 78

Fundera

MAY 9, 2019

It is free to download and only charges a 2.75% per transaction fee. Consider PayPal’s acquisition of the mobile payment service Venmo in 2013. For others, it will fall woefully short of what their business needs to run transactions. You can also attach notes to each payment to help you keep track of what the transaction is for.

Transactions 52

Transactions Credit Card Payments Small Businesses 52

Due

JUNE 4, 2023

Only a few people will remember that Dogecoin started as a joke in 2013 by folks who didn’t believe cryptocurrency was the way of the future. Ethereum enthusiasts were hopeful that the transaction fees would eventually come down. Dogecoin continues to have the support of Elon Musk and a strong community of enthusiasts.

Transactions 64

Transactions 64

Fundera

JUNE 18, 2019

In fact, one bank was able to process customer transactions 30% more efficiently. On October 1, 2013, HealthCare.gov rolled out their website for the first time. Boston Consulting Group found that banks see 15–25% improvement in efficiency using the Lean Method by cutting wait time in customer service.

Small Businesses 72

Small Businesses Transactions 72

Fundera

JUNE 22, 2016

Alternative lending is a fast-growing industry: approximately $3 billion in 2013 was lent through alternative channels, which was double that of 2012. Not only are they the most expensive alternative loans on the market, but they also get repaid with a percentage of your daily credit card transactions. Merchant Cash Advances.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Fundera

NOVEMBER 6, 2018

Shopify is known primarily as an ecommerce platform, but since 2013 it has also operated a POS system with a robust set of features. In addition, you receive a card reader to process in-person transactions, and can send custom invoices from the Shopify dashboard. cut of each in-person credit card transaction. Basic Shopify.

Dashboards 45

Dashboards Credit and Collections Transactions Small Businesses 45

TreviPay

NOVEMBER 11, 2022

It’s a category rather than an industry, as B2B transactions occur across different business sectors. B2C transactions include everything from groceries to high-end luxury fashion. These values are so high that it’s the norm in many B2B transactions for suppliers to offer their customers net terms and financing options.

Credit and Collections 52

Credit and Collections Debt Collections Transactions 52

Fundera

MARCH 19, 2019

Essentially, a payment gateway is the software application embedded into your online store that authorizes the secure transaction of credit card payments. Braintree was acquired by PayPal in 2013, but they’re hands-down the more tech-forward PSP among the two. per transaction. per transaction if the funds are coming from a U.S.

Credit Card Payments 40

Credit Card Payments Nonprofit Organizations Transactions Small Businesses 40

Fundera

MAY 11, 2019

On average, First Data says they process 3,000 transactions per second and over $2.4 Consolidation in the merchant services industry has led to the creation of a handful of mega-providers that account for an outsized proportion of all credit and debit card transactions. on all in-person transactions. trillion every year.

Credit and Collections 40

Credit and Collections Transactions Small Businesses 40

Fundera

AUGUST 1, 2018

If you need a small amount of capital at the beginning, you might have no choice but to get a loan, because investors usually don’t transact in such small amounts. They started offering a streaming service, and in 2013, they released House of Cards , its first series. Complete Ownership and Lower Costs.

Credit and Collections 111

Credit and Collections Small Businesses Deductions Default 111

tillful

DECEMBER 13, 2022

In fact, new customers are more of a drag on ecommerce revenues than ever before, but returning customers are more profitable (with the latter generating an average of $38 of profit per order in 2022, compared to just $28 in 2013). Consider how many units you expect to sell in a month and whether the per-unit transaction fee makes sense.

Small Businesses 52

Small Businesses Cybersecurity Transactions 52

Credit Management Group UK

JANUARY 16, 2024

The legislation fulfils the UK’s obligations under the European Directive on combating late payment of commercial transactions. The legislation was further amended in April 2013 to allow the right to claim additional costs incurred in collecting overdue payments if the fixed fee compensation does not cover all costs.

Credit and Collections 73

Credit and Collections Credit Management Transactions 73

Fundera

FEBRUARY 16, 2016

Though it started recently, in 2013, Dealstruck’s fast process, low costs, and flexible product offerings have made it prominent in the alternative lending community. It spread to the US in 2013, and has contributed to the shift in small business lending that we’ve watched grow in recent years. DirectCapital.

Small Businesses 76

Small Businesses Credit Scoring Credit and Collections Investment Firms 76

Fundera

JUNE 18, 2019

Founded in 2013, Selz is relatively new in the world of ecommerce but, due to their multichannel platform and ease of use, has grown quickly—and now supports thousands of merchants across the globe. With Selz, you can choose from four service plans, the most basic of which only costs your business transaction and credit card processing fees.

Transactions 40

Transactions Dashboards Small Businesses 40

Fundera

DECEMBER 29, 2018

Financial service providers who are subject to the FTC Privacy of Consumer Information Rule , for instance, must deliver annual copies of their privacy policies to customers they have a continuing business relationships with, along with short-form notices to consumers who conduct occasional transactions with them.

Credit and Collections 40

Credit and Collections Cybersecurity Transactions Small Businesses 40

RMAi Blog

JANUARY 24, 2025

Our newly formed partnership with PennantPark Investment Advisers, LLC (PennantPark) has strengthened the foundation of Flock and provided ample capital for the right transactions. We are pleased again to continue our Gold Sponsorship for the Annual RMAI Conference, said Greg Paulo, Chief Revenue Officer of Flock Financial, LLC.

Law Firms 130

Law Firms Transactions 130

Due

NOVEMBER 11, 2024

million IRS fraud It is alleged that between 2013 and 2023, Nastar employees, including Skaggs and Adksion, “withdrew over $21 million from the company’s bank accounts to pay employees predominantly in cash without withholding Social Security, Medicare, and federal income taxes from those wages. Pair plead guilty in $2.5

Transactions 97

Transactions 97

Waystar

MARCH 11, 2025

FACT #3: Sequestration will remain in place through 2030 Heres a brief timeline of Medicare sequestration (the automatic, across-the-board spending cuts to federal programs): April 2013: Sequestration takes effect, reducing Medicare payments by 2%. Make digital-first transactions work for you Start with Patient Payments.

Transactions 52

Transactions 52

Abrigo

JULY 23, 2021

Since at least 2010, Daedong Credit Banks processed transactions that were worth millions in US dollars for DPRK companies involved in nuclear and missile programs. Both were added to OFAC’s SDN List on June 27, 2013. Transactions are often layered. Banks can program their systems to flag transactions to these areas.

Law Firms 78

Law Firms Transactions 78