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.
NJ-based Heartland Payment Systems (HPS) reported Small and Mid-Sized Enterprise (SME) transaction processing volume was a quarterly record $24.5 billion for 3Q/15, up 13.1% from the third quarter of 2014.
NJ-based Heartland Payment Systems (HPS) reported Small and Mid-Sized Enterprise (SME) Q3 transaction processing volume set a new quarterly record $24.5 billion, up 13.1% year-on-year (YOY). HPS also acquired privately held Digital Dining, a provider of restaurant point-of-sale (POS) and management systems throughout the USA.
PayPal racked up a 10.2% gain in year-on-year (YOY) accounts to 173 million. Gross transactions soared by 25.1% from 972 million in Q3/14 to 1216 million for 3Q/15.
In today’s CardFlash News Que: KEN RESEARCH (A/P); TIMTERIC (Germany); AMERICAN EXPRESS (survey); and TIMETRIC (Azerbaijan).
Apriva and Global Payments inked an agreement to deliver white label mobile payment solutions with EMV to Global Payments’ U.S. customers.
CardWeb.com’s CardData database of Company Profiles today features First American Payment Systems.
Moneris Solutions has rolled-out the PAYD product family for the U.S. market. PAYD Pro and PAYD are two innovative smartphone-based mobile point-of-sale (mPOS) solutions that empower merchants to process secure payments from anywhere and everywhere they do business.
NJ-based Heartland Payment Systems (HPS) reported Small and Mid-Sized Enterprise (SME) transaction processing volume was a quarterly record $23.8 billion for Q2/15, up 16.5% from the second quarter of 2014, the fourth consecutive quarter of double-digit acceleration. Quarterly net revenue was a record $203.9 million, up 27.9% from the second quarter of 2014, with organic net revenue growth of 12.5% for the quarter.
CardWeb.com’s CardData Reports today features the
Middle Market Power Index: Taking the Global Stage from American Express and Dun & Bradstreet.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Philip Fayer, President and Chief Executive Officer of Pivotal Payments.
The recent loss of Ed Gilligan at American Express has spurred CEO Ken Chenault to make major changes. The changes include the realignment of several businesses and reporting lines.