News (2421)
Small Businesses Can Survive a Slump
Business is cyclical, but small businesses tend to feel the cycles more harshly, especially the slumps, reports Fox News. There are ways for small businesses to weather the slow times.
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EMV Lawsuit Proceeds
According to Business Insider, a federal judge will allow a lawsuit brought by several small businesses against the major US card companies to proceed. The EMV related lawsuit claims the credit card processors colluded to make the transition process as lengthy and expensive as possible for the small businesses.
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Cyber Risk Insurance Platform for Small and Mid-sized Businesses
EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, today announced the launch of a proprietary Cyber Risk and Insurance Platform, tailored to the unique needs of small and mid-sized businesses who are increasingly the most desirable targets of Cyber-attacks.
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Small Businesses Take On Credit Card Companies
A federal judge has allowed a case against the four major credit card companies to proceed, reports WTVR. The lawsuit, brought by four grocery store chains, alleges unfair practices on the part of the credit card companies in regards to the change to chip based credit card readers. The case has yet to achieve class action status, but if it does it could encompass 8 million small businesses.
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Small Businesses Caught Up in Wells Fargo Scheme
Small businesses might also be affected by the Wells Fargo credit account scheme, reports Reuters. There may as many as 10,000 small business accounts impacted by the same improper Wells practices, that were used on individual consumers.
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Small Business Lending Increases
According to CNBC, while August showed some good news for small business lending, it also had some bad news. The Thomson Reuters/PayNet Small Business Lending Index rose in August, but unfortunately, the amount of businesses paying their loans late also rose.
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Small Business Want the Government to Help Prevent Cyber Crime
Small businesses are concerned about the growing prevalence of Ransomware, reports eWeek. A majority of the business owners also think that the president should take steps to mitigate cyber threats for small business, including requiring the government mandate that business back up their data to prevent losses.
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Online Lender Secures Investors
According to Forbes, online small business lender Able recently received a large investment in its lending platform. The $100 million dollars from Community Investment Management means that Able will be able to continue to offer lending alternatives to small businesses.
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GoDaddy Most Popular Among SMBs, But Is The Web Hosting Giant's Future Dominance Assured?
Eighty-six percent (86%) of small- to medium-sized businesses (SMBs) say that their web hosting provider offers cloud hosting options, according to a new survey and analysis report from Clutch, a leading B2B ratings and reviews site.
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A New Phone System Can Enhance your Company's Image
According to Forbes, a Voice over IP phone system can save your company money, while making it look bigger. The VoIP systems convert the audio signal into digital data that can be sent over the internet to the device of your choice. And, it allows you to have a virtual receptionist and an impressive automated response system, even if you have only one employee
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