While a disruption in cash flow can happen for many reasons in the best of times, the economic consequences of this coronavirus pandemic have certainly proven that life is not “business as usual” for almost everyone all at the same time.
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Topics: Treasury Management, Small Business, Business Operations, Economy, Merchant Services
For business owners, keeping company finances separate from personal ones is a smart decision. However, for small business owners in particular, that can be easier said than done. If you find yourself using your personal credit card to cover business purchases, you’re certainly not alone – in reality, more than 65% of all SMB owners use credit cards on a regular basis, and less than 50% of those cards are in the company’s name. Here are some of the key advantages that enterprise cards hold over their personal counterparts.
Topics: Business Banking, Commercial Banking, Treasury Management, Credit Card, Small Business, Business Operations, Merchant Services
Although the number of checks presented for payment is decreasing every year, the losses from check fraud, unfortunately, are rising nationwide. In some cases, checks are stolen from unsecured mailboxes and the payee line is altered, to allow the check to be negotiated by another party. In others, the routing number and account number information is used to order new check stock.
Topics: Treasury Management, Security & Fraud, Small Business, Business Operations, Merchant Services
Many businesses today are becoming more and more aware of the risks associated with payment fraud. And, quite frankly, they should be. While the network of fraudsters only continues to get larger, these savvy individuals and networks are always on pace, or even a few steps ahead of the game, and are ready to attack. They have become so sophisticated on their efforts to successfully intercept corporate funds, that by the time a company thinks they might be a victim, it’s far too late.
Topics: Business Banking, Commercial Banking, Treasury Management, Security & Fraud, Payments, Merchant Services