Amazon touts SMB tech benefits, Ripple hit with lawsuit, and ACH Alert talks corporates’ biggest fraud mistakes.
| | | | BUSINESS TO BUSINESS EDITION | | Mastercard And Unileverâs Micro-Lending Has Macro Results For Kenyan SMBs Mastercard and Unilever have expanded the rollout of their digital lending platform for SMBs in Kenya, who before only had the cash on hand to buy inventory. Carlos Menendez, president, enterprise partnerships, Mastercard, tells Karen Webster how interest-free loans help these SMBs buy the supplies that their customers want â and increase their sales by as much as 20 percent. Itâs why Menendez said that Mastercard plans to expand the program fourfold and touch 20,000 SMBs by the end of this year. |
| As AI Enters The SMB Community, Cloud Adoption Still Lags Automation technologies like machine learning and artificial intelligence are making signficiant strides in the small business community. New data from Intuit finds that entrepreneurs, in general, have a positive view of automation. But the firm's latest survey also finds nearly a fifth of SMBs have yet to adopt the cloud â a technology that Intuit says is the very first step in embracing automation. |
| | Cybersecurity | | With Same-Day ACH, You'd Better Have Same-Day Fraud Detection Faster payments have put the pressure on fraud detection. At the same time, businesses are overconfident in their security. Deborah Peace, CEO of ACH Alert, says banks have over-sheltered their business customers. It's time for corporates to take the initiative to combat payments fraud, she told PYMNTS, especially as Same-Day ACH (and, eventually, real-time payments) come into the fold. |
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