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How to Accept Credit Card Payments for your Small Business

Lendio

As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. If you’re trying to decide whether you should accept credit card payments, it’s never been easier. Why accept credit cards?

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Pre-Delinquency Measures for Financially Vulnerable Customers

FICO Blog

Despite many families so far managing to maintain their financial commitments — loans, credit card and mortgage repayments, as well as essential bills like utilities and rent — there are fears that rising inflation and interest rates may see a significant number struggle to make ends meet.

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Strategies for growing commercial loans

Abrigo

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. Takeaway 3 Risk mitigation is essential to understanding the impact of lines of credit on profitability and allowance. Market conditions. Knowing the why. Listen now.

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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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Case Study – European Electronics Retailer

TreviPay

Economic factors stemming from the financial crisis in 2008, and more recently, because of the global pandemic, heightened the retailer’s adversity to risk. This caused them to adopt a defensive risk posture, reduce credit lines previously extended to business customers and reduce their customer base by 50%.

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Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022)

FICO Blog

Leveraging FICO Resilience Index to refine credit risk management decisions during benign economic phases defends against dramatic swings in delinquency rates and provides for a more consistent portfolio risk management approach over time. Of course, credit risk management is only one aspect of portfolio health.

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3 Competitive Advantages for Growing Your Ecommerce Business

Fundera

In 2008, the Khan Academy was born and had grown into a 150-person nonprofit. Because of customer preference, mailing a paper invoice and collecting a paper check might be your only option for some clients. They enter in their credit card information (or, with a site such as Amazon, it’s already saved) and complete the checkout.