Merchant

The fintech, which is reportedly building a checking and savings account into its app, is using its banking charter to speed the development of new services as it races its rivals to deliver an all-in-one app.

More than 250 wholesale clients signed up with the Pittsburgh bank in the past year to use real-time payments for payroll, billing and supply chain management.

Citi Retail Services has renewed its longtime card-issuing relationship with Tennessee-based Tractor Supply Co., which saw record sales during the pandemic as consumers expanded their backyard menageries.

The Small Business Administration’s sluggish pace in forgiving the biggest Paycheck Protection Program loans is straining relations between banks and some borrowers.

A member of the ECB's board urged local companies to lower their prices, or risk being undercut by global rivals.

The Massachusetts bank, which traditionally In contrast to its typical strategy of supporting low-income housing, the invested $500,000 in CEI Ventures’ Coastal Ventures V fund to support small businesses in disadvantaged communities.

DMB Financial, a debt-settlement firm near Boston that operates in 24 states, agreed to pay $5.4 million in restitution to consumers for allegedly charging upfront fees before providing any service, the CFPB said.

The Amsterdam bank offers to directly credit a small business's invoices early after a vetting process — but before the invoice is paid.

Pine Labs has raised $285 million in its latest funding round, including participation from Singapore’s sovereign fund Temasek, to continue its geographic and product expansion.

Even before the pandemic, almost half of SMB customers were being turned away by their own banks for a small business loan. Enter COVID-19, and banks and credit unions are still not keeping up with the surging demand for capital, says LendingFront's Jorge Sun.