Equifax hit with small business class action suit, Mastercard says micro-firms key to financial inclusion, and the SEC’s cybersecurity weaknesses.
| | | | BUSINESS TO BUSINESS EDITION | | Inside Visa And Vantivâs Plan To Pay SMBs Faster
Visa and Vantiv made news last week with the launch of FastAccess Funding, a push-to-card solution that settles SMB funds instantly. Karen Webster spoke with Cecelia Frew, Visaâs head of push payments, and Scott DeAngelo, Vantiv's SVP of product, to get a closer look at a program thatâs much more than just instant daily settlement â itâs a working capital lifeline for SMBs and a new opportunity for banks to strengthen those SMB relationships with an underutilized asset â the debit card.
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| AltFin Leads Funding, But Up-And-Coming SMB Tech Is Close Behind
Once again, the worldâs alternative SMB finance industry regained the spotlight, with key deals in Asia and South America placing the industry in the top spot for this weekâs B2B FinTech roundup. But a key B2B industry came in a very close second thanks to a European startup, and itâs a segment of the B2B market recently identified by the European Commission as an up-and-coming part of the financial startup community that is sure to make waves. Find out who scored how much of the more than $75 million that made its way to B2B startups this week.
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| | Financial Inclusion | | Mastercard: Micro Businesses Can Move Financial Inclusion's Largest Roadblocks
Bringing the estimated two billion un- and underbanked adults around the world into financial inclusion involves a lot more than taking cash away and replacing it with a card or mobile payment tool. Sami Lahoud, SVP of global acceptance strategy & engagement at Mastercard, told PYMNTSâ Karen Webster how that realization forced a huge shift in the companyâs approach â and why small and micro-businesses are the missing link to solving the financial inclusion puzzle thatâs eluded so many for so long. Read More... |
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