SME Alt-Loans

While demand for funding by SME’s (small mid-sized enterprises) is down, new research reveals an increase in access from alternative business financing options. Bank loan financing currently has only a 35% financing success rate and is driving alternative sources.

Alipay ePass

The number of Chinese consumers shopping U.S. brands online over the holiday season has increased 7 times over last year. Total sales from China-based consumers purchasing U.S. products through Alipay ePass increased 15 times versus last year.

TSYS 3Q/15

GA-based acquirer TSYS reported a solid third quarter as total revenues hit $707.9 million, an increase of 14.8% over the prior year. Net income soared by 43.3% year-on-year (YOY) from $85.2 million in 3Q/14 to $122.1 million in 3Q/15.