December, 2020

article thumbnail

Possible Changes in BSA Requirements – Agencies Issue Notice of Proposed Rulemaking

Abrigo

Notice of proposed rulemaking (NPR). Proposed amendments would modify two. BSA rules. The Federal Reserve Board and the Financial Crimes Enforcement Network (FinCEN) (the Agencies) jointly issued a notice of proposed rulemaking (NPR). The October 23, 2020 proposed amendments, if passed, would modify two rules that have been part of the Bank Secrecy Act (BSA) regulations since 1995.

article thumbnail

The Comprehensive Guide to Debit Card Processing Fees

Fundera

When running a small business, the various fees surrounding your POS system and accepting card payments can be confusing. In fact, you may not know exactly how your issuing bank and payment processor are charging you. And, with consumers continuously preferring to pay with debit over both credit and cash—according to data from the most recent TSYS U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Use Video Content for Internal Communications in Your Company

Sansan

More than ever, companies have many different resources to stay in touch with their in-house and remote employees on a daily basis – emails and newsletters, robust communication platforms, integrated team collaboration tools, and more. However, many employees feel disengaged from their work or the company they work for. So, making important internal announcements and the task of motivating employees a real challenge that affects productivity and focus.

52
article thumbnail

What should my business look for from an accountant?

blue dot counseling

Most MDs want and need more from their accountant, even if they can't quite put their finger on what "more" looks like. The post What should my business look for from an accountant? appeared first on Blue Dot Consulting.

52
article thumbnail

Score Based Business Line of Credit with Soft Pull and No PG

Business Credit

Score Based Business Line of Credit I’m excited about today’s blog post because we are going to show you how to get an unsecured business line of credit with a soft pull and no personal guarantee. This is an actual line of credit that you can acquire that not only builds your business credit but […]. The post Score Based Business Line of Credit with Soft Pull and No PG appeared first on Business Credit.

article thumbnail

Today’s Commercial Real Estate is the NBA of the 1990's

StackSource

The 90s ushered in the combo guard role that ultimately led to a "positionless" league. Real estate uses are primed for a similar evolution.

52

More Trending

article thumbnail

Azlo vs. Axos: Which Is Better for Your Business?

Fundera

One of the biggest mistakes new business owners can make is to mix their personal and business finances. It’s easy to see how this can happen: Oftentimes, when starting a new business, you’re pouring your own money into the business and all of your profits are either your income or they go back into the business. The point being, personal and business finance may overlap in the early days, but the best way to separate them is by opening a business bank account.

article thumbnail

6 Ways to Attract Investors to Your Small Business

Sansan

When running a business, financing is necessary, especially if you’re planning on expanding your business operations. Getting your business ideas off the ground and turning them into something tangible requires funding. When doing business, it’s always important to consider the funds you have on hand. If you lack the funds, finding investors willing to contribute financially is worth a shot.

article thumbnail

UK fintech GoCardless raises $95m funding

GoCardless

Funding round led by Bain Capital Ventures will fuel open banking strategy, accelerating delivery of next-generation bank-to-bank payments

52
article thumbnail

Pactola Launches New Services

Pactola

Listen up! Pactola announces new services to support your credit administration functions. These are Credit Risk Advisory (a/k/a Loan Review) and Contracted Problem Loan Management. Both of these divisions are staffed with a team of seasoned credit veterans with experience in areas of commercial, agricultural, indirect, home equity, and other types of lending.

article thumbnail

How to Negotiate with Commercial Real Estate Lenders? Know Their Motivations.

StackSource

First post in the new Negotiating with Lenders series. First up: know the motivation of who you are targeting to negotiate with.

52
article thumbnail

Ag Lenders: Cultivate Growth with Effective Pricing, Structure

Abrigo

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . You might also like this webinar watch. Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . Takeaway 2 Sentiment rose in 3Q, but the highly uncertain outlook warrants caution in ag lending activities.

article thumbnail

6 Best Banks for Small Business in Delaware

Fundera

6 Best Small Business Banks in Delaware. M&T Bank. WSFS Bank. Dover Federal Credit Union. First Citizens Community Bank. Chase Bank. Azlo. Having a separate business bank account is key to keeping your business finances separate from your personal finances. Not only will this help your business operate more smoothly, but it’s crucial come tax time and for personal liability protection.

article thumbnail

Understanding Mortgage Categories

StackSource

A simple breakdown between all the major different mortgage categories, from conforming, to nonconforming, to commercial.

52
article thumbnail

Credit Risk Review (a/k/a Loan Review): A Value or a Burden?

Pactola

For over 30 years, the regulators have advocated, or required, an independent validation of credit risk. There is a good business reason for this function if managed well. Banks spend a lot of money on CRR and internal audit, and in today’s heavy cost, heavily regulated banking world, you need to get optimum value for every dollar spent. But is the board getting what it needs from it to influence decision making on strategic direction, personnel management and other key lending components?

article thumbnail

Distressed Loan Servicing - A Sign of the Times

Pactola

As the result of the corona virus and resulting economic fall-out, a number of commercial/agricultural borrowers may struggle to perform on their obligations and thus require loan restructuring to continue in business. This article is thus intended to provide advice and guidance to lenders who may not have faced these challenges to date. While distressed loan servicing may pose significant new challenges, if addressed on a structured approach, it can significantly reduce risk, facilitate timely

article thumbnail

Make your GoCardless account more secure in 1 minute or less with two-factor authentication

GoCardless

It's estimated that 2FA keeps you safe from 99.9% of account compromise attacks.

52
article thumbnail

What it takes to scale a real estate portfolio

StackSource

Want to scale your real estate empire? Here are the five areas to master.

52
article thumbnail

Open banking: Everything you need to know

GoCardless

Knock, knock. Who's there? Banking data. And innovations with it.

52
article thumbnail

We’ve raised $95million to accelerate our investment in open banking

GoCardless

Series F funding round was led by Bain Capital Ventures.

52
article thumbnail

How employee wellbeing helped us navigate 2020

GoCardless

Supporting our team through a challenging year.

52
article thumbnail

Fireside chat: Rethinking your payment strategy

GoCardless

In conversation with The Guardian and Quandoo.

52
article thumbnail

Smart Contracts Explained

GoCardless

How do smart contracts work and how can they improve processes & relationships?

40
article thumbnail

What is the Programme Evaluation and Review Technique (PERT)

GoCardless

Is the Programme Evaluation & Review Technique a useful way to map a project?

40
article thumbnail

What is Hysteresis?

GoCardless

Learn how the prolonged effects of an economic turndown can affect job security

40
article thumbnail

How to create a common-size income statement

GoCardless

What is a common-sized income statement and how can it form business decisions?

40
article thumbnail

What is EBITDA margin?

GoCardless

Learn everything you need to know about an EBITDA margin in our detailed guide

40
article thumbnail

What is the Luhn Algorithm?

GoCardless

Learn how the Luhn Algorithm verifies credit cards and other number sequences

40
article thumbnail

What is succession planning?

GoCardless

Find out how succession planning can embed long-term success in your business

40
article thumbnail

What is notes payable?

GoCardless

Learn the difference between accounts payable and notes payable in accounting.

40
article thumbnail

What is the matching principle in accounting?

GoCardless

It costs money to make money, which is where the matching principle comes in

40