December, 2020

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The Comprehensive Guide to Debit Card Processing Fees

Fundera

When running a small business, the various fees surrounding your POS system and accepting card payments can be confusing. In fact, you may not know exactly how your issuing bank and payment processor are charging you. And, with consumers continuously preferring to pay with debit over both credit and cash—according to data from the most recent TSYS U.S.

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The PPP Extension: 10 Things PPP Lenders Need to Know

Abrigo

Congress is voting on an extension of PPP 10 important pieces of information for PPP lenders about the upcoming changes. . Would you like others articles like this in your inbox? Takeaway 1 Congress is voting to spend the remaining $146.5 billion in CARES Act funding plus $284.45 billion more on PPP and other SBA programs. Takeaway 2 The bill will set aside billions for community financial institutions to lend, as well as for loans to businesses in low-income areas. .

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How to Negotiate with Commercial Real Estate Lenders? Know Their Motivations.

StackSource

First post in the new Negotiating with Lenders series. First up: know the motivation of who you are targeting to negotiate with.

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How to Use Video Content for Internal Communications in Your Company

Sansan

More than ever, companies have many different resources to stay in touch with their in-house and remote employees on a daily basis – emails and newsletters, robust communication platforms, integrated team collaboration tools, and more. However, many employees feel disengaged from their work or the company they work for. So, making important internal announcements and the task of motivating employees a real challenge that affects productivity and focus.

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How employee wellbeing helped us navigate 2020

GoCardless

Supporting our team through a challenging year.

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What should my business look for from an accountant?

blue dot counseling

Most MDs want and need more from their accountant, even if they can't quite put their finger on what "more" looks like. The post What should my business look for from an accountant? appeared first on Blue Dot Consulting.

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The Pandemic May Not be Derailing CECL Plans – But Many Institutions Still Risk Serious Delays

Abrigo

2023 CECL adopters vary in transition progress Financial institutions face considerable questions and obstacles in regard to their transition to CECL. You might also like this webinar on CECL in economic downturns. WATCH NOW. Takeaway 1 The coronavirus pandemic has added complexity, but it hasn't completely derailed CECL efforts for most FIs. Takeaway 2 It appears financial institutions vary greatly on their current implementation progress.

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Today’s Commercial Real Estate is the NBA of the 1990's

StackSource

The 90s ushered in the combo guard role that ultimately led to a "positionless" league. Real estate uses are primed for a similar evolution.

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Score Based Business Line of Credit with Soft Pull and No PG

Business Credit

Score Based Business Line of Credit I’m excited about today’s blog post because we are going to show you how to get an unsecured business line of credit with a soft pull and no personal guarantee. This is an actual line of credit that you can acquire that not only builds your business credit but […]. The post Score Based Business Line of Credit with Soft Pull and No PG appeared first on Business Credit.

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We’ve raised $95million to accelerate our investment in open banking

GoCardless

Series F funding round was led by Bain Capital Ventures.

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6 Ways to Attract Investors to Your Small Business

Sansan

When running a business, financing is necessary, especially if you’re planning on expanding your business operations. Getting your business ideas off the ground and turning them into something tangible requires funding. When doing business, it’s always important to consider the funds you have on hand. If you lack the funds, finding investors willing to contribute financially is worth a shot.

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6 Best Banks for Small Business in Delaware

Fundera

6 Best Small Business Banks in Delaware. M&T Bank. WSFS Bank. Dover Federal Credit Union. First Citizens Community Bank. Chase Bank. Azlo. Having a separate business bank account is key to keeping your business finances separate from your personal finances. Not only will this help your business operate more smoothly, but it’s crucial come tax time and for personal liability protection.

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Possible Changes in BSA Requirements – Agencies Issue Notice of Proposed Rulemaking

Abrigo

Notice of proposed rulemaking (NPR). Proposed amendments would modify two. BSA rules. The Federal Reserve Board and the Financial Crimes Enforcement Network (FinCEN) (the Agencies) jointly issued a notice of proposed rulemaking (NPR). The October 23, 2020 proposed amendments, if passed, would modify two rules that have been part of the Bank Secrecy Act (BSA) regulations since 1995.

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What it takes to scale a real estate portfolio

StackSource

Want to scale your real estate empire? Here are the five areas to master.

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Pactola Launches New Services

Pactola

Listen up! Pactola announces new services to support your credit administration functions. These are Credit Risk Advisory (a/k/a Loan Review) and Contracted Problem Loan Management. Both of these divisions are staffed with a team of seasoned credit veterans with experience in areas of commercial, agricultural, indirect, home equity, and other types of lending.

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UK fintech GoCardless raises $95m funding

GoCardless

Funding round led by Bain Capital Ventures will fuel open banking strategy, accelerating delivery of next-generation bank-to-bank payments

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PPP Instructions for SBA Forms 3509, 3510 Released on Forgiveness Platform

Abrigo

Key Takeaways The SBA released Paycheck Protection Program (PPP) lender instructions for the Form 3509/3510 Loan Necessity Questionnaire. Lenders will need to manually enter each borrower’s responses to the questionnaire on the SBA Forgiveness Platform. Several banking and business groups have called on the SBA to suspend the use of the forms due to concerns about them.

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Ag Lenders: Cultivate Growth with Effective Pricing, Structure

Abrigo

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . You might also like this webinar watch. Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . Takeaway 2 Sentiment rose in 3Q, but the highly uncertain outlook warrants caution in ag lending activities.

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How Does Debit Card Processing Work?

Fundera

In the world of payment processing and merchant services , credit card processing is often at the forefront of the discussion. According to a study conducted by the Cash Product Office of the Federal Reserve System, however, debit cards are the most used form of payment—accounting for 28% of all payments. [1]. With this information in mind, debit card processing could be just as influential (if not more) as credit card processing to small businesses that are accepting card-based forms of payment

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Open banking: Everything you need to know

GoCardless

Knock, knock. Who's there? Banking data. And innovations with it.

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Make your GoCardless account more secure in 1 minute or less with two-factor authentication

GoCardless

It's estimated that 2FA keeps you safe from 99.9% of account compromise attacks.

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Understanding Mortgage Categories

StackSource

A simple breakdown between all the major different mortgage categories, from conforming, to nonconforming, to commercial.

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Fireside chat: Rethinking your payment strategy

GoCardless

In conversation with The Guardian and Quandoo.

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What is inherent risk?

GoCardless

Learn how to determine inherent risk and its effects on overall audit risk

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What is the Luhn Algorithm?

GoCardless

Learn how the Luhn Algorithm verifies credit cards and other number sequences

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Recurring revenue: what is it & how does it work?

GoCardless

Learn the benefits of recurring revenue and how it works

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Competitive benchmarking: what it is and how it works

GoCardless

Learn how competitive benchmarking can boost business growth

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What is an exit strategy?

GoCardless

Find out how shrewd exit planning can maximise the return from any business

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What are ordinary shares?

GoCardless

What are the pros and cons of investing in ordinary shares?

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What is a Fund of Funds (FOF)?

GoCardless

What are the pros and cons of investing in a fund of funds?

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