America’s leading consumer finance watchdog is skeptical about giant mergers between credit card companies. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expressed these worries in a Wednesday (April 24) interview with the Financial Times (FT), at a time when Capital One is working to complete its $35 billion purchase of Discover. “There will need to be careful scrutiny of two quite large […]

Small businesses don’t want embracing modern technology to be a big, technical lift. After all, these Main Street-style companies are increasingly busy building out their growth plans and managing a laundry list of unpredictable daily realities. They don’t have the time to devote their finite resources to understanding the intricacies of implementing every new technology […]

Federal prosecutors want former Binance CEO Changpeng Zhao to spend three years in prison. The one-time head of the world’s largest cryptocurrency platform deserves this sentence, the Department of Justice said Tuesday (April 23), because he willfully violated U.S. laws governing crypto to further Binance’s growth. “Zhao and Binance specifically targeted U.S. users as part of Binance’s growth strategy, […]

Small-business-focused payments/card solutions company myPOS has named Mario Shiliashki as its new CEO. Shiliashki, the company announced Wednesday (April 24) in a news release provided to PYMNTS, “brings a global view of payments, having worked across four continents for companies such as PayPal, Mastercard and more recently PayU.â€� His hiring comes five months after the […]

Technological transformation is at the heart of both modern commerce and payments innovation. With technology as the driving force, consumers are demanding more than transactions from their payment experiences; they seek payment methods that seamlessly integrate into their shopping journeys, whether those journeys are taking place online or offline, or a combination of the two. […]

The trustee overseeing Kris Roglieri’s Chapter 11 bankruptcy case asked the Court on Tuesday to convert it to a Chapter 7. That’s because among the facts to come out of that and related proceedings thus far is that Roglieri did not ever maintain financial records for his various business entities, has no revenue coming in, […]

David Roitblat is the founder and CEO of Better Accounting Solutions, an accounting firm based in New York City, and a leading authority in specialized accounting for merchant cash advance companies. To connect with David or schedule a call about working with Better Accounting Solutions, email [email protected]. Congratulations- you’ve survived Tax Day! About 130 million […]

April 22 – We are delighted to share the exciting news that the Board of Directors of Levo Funding unanimously voted to appoint Jenny Merris as its new CEO. With an extensive background spanning over 18 years in the legal and financial services/FinTech sector, Jenny is a seasoned executive known for her exceptional expertise and […]

The SBA is forming a Federal Advisory Committee to “provide advice and recommendations to SBA on matters relating to small business lending, private sector innovation in the small business lending community, and policy impacting small businesses’ ability to access capital, especially in underserved communities.” The 25-member council will include 17 members that are current or […]

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