PlaySocial

Seeking Alpha | March 02, 2020

American Express salespeople misrepresented card rewards and fees, checked credit reports without permission, and, in some cases, issued cards that weren't requested, the Wall Street Journal reports, citing current and former AXP employees. The current and former employees say the questionable sales tactics go back to at least 2015 when AmEx was struggling to keep Costco Wholesale small-business customers after the warehouse club ended their partnership. With the potentially huge loss of rev...

Foxquilt Inc. | July 08, 2020

Today, Foxquilt, a leading Insurance Technology company, announced it has raised $3.5M in seed funding. The COVID-19 crisis has illuminated the value of community and accelerated the need for businesses to adopt digital solutions, transcend innovative offerings and empower their customers. Foxquilt is using their recent $3.5M seed round to continue innovating technology and data science that will provide small businesses with tailored insurance at significant savings. Foxquilt empowers small bus...

Lowe's Companies, Inc. | July 17, 2020

In response to the overwhelming need to help support small businesses across the country, Lowe's Companies, Inc. is announcing it is increasing its minority small business grants from $25 million to $30 million while donating an additional $25 million to its small business grant program with the Local Initiatives Support Corporation (LISC), doubling the amount already committed. The additional funds will focus on rural communities, which have been hard hit by the pandemic. The total $55 mill...

Finextra Research | February 27, 2020

Today, Mastercard and myPOS, a pan-European fintech, signed a strategic partnership agreement to promote card payment solutions to SMEs across Europe. Working together, the partnership will raise awareness among small businesses of the innovative solutions to accept card transactions; designed to meet their needs at a price that fits their budget. SMEs underpin the European economy, representing 99% of all businesses, but, traditionally, the ability to pay by card in such businesses has been var...