Chase introduced a series of payments-oriented tools aimed at small- to medium-sized businesses (SMBs). The new tools include offerings to help SMB owners electronically create and send invoices and gain better insight into customers, the banking giant said in a Wednesday (May 1) news release. “Today many small business owners have to manually create,...
Since April 2021, most Main Street small to mid-sized businesses (SMBs) in the U.S. have been experiencing significant growth. In fact — according to PYMNTS Intelligence’s latest SMB Growth Monitor Report, “Main Street Small Business Growth Exceeds GDP for First Time in Two Years — growth in 2023...
Payments are the lifeblood of any business, but for small businesses, they are particularly crucial. And with the news that, in the last 12 months, Main Street businesses have operated with the lowest risk of closing since early 2020, the ways that these local merchants...
Most small to mid-sized businesses (SMBs) located up and down Main Street, USA, are doing just fine, thank you very much. In fact, according to PYMNTS Intelligence data, business growth and wages for more than half of U.S. Main Street SMBs are outpacing last quarter’s...
There are nearly as many ways to pay and be paid as there are types of small businesses. But there’s one common thread connecting both Main Street businesses and the payment mechanisms they employ: the need to secure those payments without creating checkout frictions that...
Eight in 10 small- to medium-sized businesses (SMBs) get paid via ad hoc payments for the goods and services they provide to larger organizations. The PYMNTS Intelligence’s study “How Instant Ad Hoc Payment Costs Impact Small SMBs” drew from a survey of 200 U.S. enterprises...
Small businesses with big ambitions are turning to artificial intelligence (AI) to drive growth. That’s because, with 2024’s National Small Business Week already on day two, the ways in which embracing next-generation innovations can help their businesses drive competitiveness, become more efficient and make better decisions...
Despite the moniker attached to their segment, small businesses loom large in the American economy. And with the U.S. Small Business Administration (SBA) celebrating National Small Business Week starting Sunday (April 28), the staying power of entrepreneurship in the U.S. is top of mind for both...
As consumers have grown to expect seamless digital convenience, many are finding that smaller merchants fall short of their expectations, PYMNTS Intelligence reveals. By the Numbers The “2024 Global Digital Shopping Index: SMB Edition,” a PYMNTS Intelligence study commissioned by Visa Acceptance Solutions, drew from a survey of...
