67% of small businesses adopted new behaviors to adjust COVID according to Visa

Businesswire | August 06, 2020

As small and micro businesses (SMBs) worldwide continue to endure the financial impact of COVID-19, one thing is clear: rethinking the checkout or point-of-sale (POS) experience is essential for survival on Main Street. Visa (NYSE: V) today released the Visa Back to Business study assessing this dramatic shift to digital commerce in response to the pandemic, driven largely by changing consumer expectations for a safe and touchless payment moment. According to the eight market study of both consumers and SMBs, nearly eight-in-10 consumers worldwide (78%) have changed how they pay in order to reduce contact and more than two-thirds of SMBs (67%) have tried a new approach  whether launching an eCommerce site or changing POS technology to keep their business on track.

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BUSINESS STRATEGY

LegalShield Partners with NEWITY to Empower, Protect and Equip Small Businesses with Legal Services and Solutions

LegalShield | May 20, 2022

As we continue to spotlight small businesses during May, LegalShield, the leading provider of membership-based legal services and identity theft protection plans, announces a partnership with NEWITY, the small business marketplace dedicated to creating equitable access to SBA loans and trusted business service providers. As NEWITY’s official legal services provider, its 115,000 small business members will have access to LegalShield’s Small Business Legal Plans, services, and network of provider law firms Our organization cares deeply about the success and sustainability of small businesses and providing them with the tools and resources needed to survive and thrive. It’s important to us to partner with other organizations, like NEWITY, who are champions for small businesses so together, we can create a meaningful impact, said Jeff Bell, CEO of LegalShield. “We are committed to helping our community access the best business resources that enable their growth and profitability, LegalShield’s affordable legal and cyber protection tools are essential to protect the businesses our members have worked so hard to build.” -Luke LaHaie, Co-CEO and Co-Founder at NEWITY LegalShield has legal plans to help small business owners and entrepreneurs make smarter, safer business decisions. From launch phase to growth phase and beyond, members can connect to professional lawyers for advice, guidance and to assist with all legal needs pertaining to the business. NEWITY members will also have access to IDShield for Business, which provides businesses and employers with cybersecurity protection tools, reputation management, recovery services and more. About LegalShield A trailblazer in the democratization of affordable access to legal advice, counsel, protection, and representation, LegalShield is the world's largest platform for legal, identity, and reputation management services protecting individuals and businesses across North America. Founded in 1972, LegalShield, and its privacy management company, IDShield, has provided individuals, families, businesses, and employers with tools and services needed to affordably live a just and secure life. Through technology and innovation, LegalShield is disrupting the traditional legal system and transforming how and where people receive legal guidance and services, with access to thousands of qualified, trusted attorneys and law firms. To learn more about LegalShield and IDShield products and services, visit LegalShield.com and IDShield.com. About NEWITY NEWITY is America's Small Business Marketplace, focused on empowering entrepreneurs with access to trusted service providers and affordable loan solutions – all in one place. NEWITY was founded in 2020 to better service Paycheck Protection Program loans. Today, NEWITY uses leading technologies to help small businesses access services that make running their business more efficient and more profitable. To join NEWITY’s growing small business community, visit NEWITYmarket.com.

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IMPACT

Uber and Visa Announce Grants For Growth Program, Providing $1 Million in Grants and Resources to Support Small Businesses

Uber | January 11, 2022

Uber and Visa today announced Grants for Growth, a program that will provide $1 million in grant funding to small businesses in 10 U.S. cities that are currently active on Uber Eats. The program will be administered by Local Initiatives Support Corporation (LISC). Focused on restaurant recovery and entrepreneurship, the program was created to support merchants when they need it most. "We know that this year has been trying for many and that independently-owned businesses continue to face significant business challenges. From natural disasters to the impact of the COVID-19 pandemic, Uber and Visa are committed to supporting SMBs, especially through unexpected events, when they may need us most." Sarfraz Maredia, VP of US and Canada Delivery at Uber Restaurants active on Uber Eats since January 1, 2022 in Atlanta, Chicago, Los Angeles, Washington DC, Miami, Detroit, the NYC metro/New Jersey area, the San Francisco Bay Area, Philadelphia, and Boston are eligible to apply for the program. Grant recipients will be independently selected by LISC, using criteria to give preference to veteran, minority, women, and LGBTQIA+ business owners. For a complete list of eligibility criteria visit lisc.org/uber. "Independent restaurants are a vital and vibrant part of their communities, and the pandemic continues to impact far too many of them," said Mary Ann Reilly, SVP and Head of North America Marketing, Visa. "Together with Uber, we're proud to help give merchants the support and funding they need, now." "The United States Hispanic Chamber of Commerce applauds our partners at Visa and Uber for launching this important grant program. Small businesses, especially minority-owned businesses, continue to struggle to survive during this pandemic and are working to overcome new challenges," said Ramiro A. Cavazos, President & CEO, USHCC. "As small businesses reopen their doors and look towards recovering, they need access to capital as well as resources and tools now more than ever before. This program comes at the perfect time." Through Grants for Growth, 100 merchants will receive grants of $10,000, which can be used toward immediate needs such as payroll, paying outstanding debt to vendors, upgrading payment technology infrastructure, and other immediate operational costs. In addition to financial support, selected merchants will receive placement in the Uber Eats app and disaster recovery and resiliency guides from Uber and LISC. Merchants interested in applying for the Grants for Growth program can apply at lisc.org/uber from January 17-24, 2022. About Uber Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities. About Visa Inc. Visa is a world leader in digital payments, facilitating more than 215 billion payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. About LISC LISC is one the country's largest community development organizations, helping forge vibrant, resilient communities across America. We work with residents and partners to close systemic gaps in health, wealth and opportunity and advance racial equity so that people and places can thrive. Since our founding in 1979, LISC has invested $24 billion to create more than 436,320 affordable homes and apartments and develop 74.4 million square feet of retail, community and educational space. For more, visit www.lisc.org.

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BUSINESS STRATEGY

Umpqua Bank Launches Small Business Empowerment Program With $2 Million To Support Minority, Women Entrepreneurs

Umpqua Bank | February 03, 2022

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, today announced a new program that expands access to capital, resources, and expertise for minority and women entrepreneurs. Umpqua Bank's Small Business Empowerment Program builds on existing private and public partnerships, including strategic initiatives with numerous business-focused nonprofits and Community Development Financial Institutions (CDFIs), to advance economic equality and opportunity for entrepreneurs in historically underserved communities. As part of the program, Umpqua has formed multi-year partnerships with four innovative organizations, each working to remove barriers to key areas of business support, including access to technology, low-cost financing, and technical assistance and expertise: Oregon-based MESO (Micro Enterprise Services of Oregon); Washington-based Business Impact NW; California-based Centro Community Partners and Kiva. According to Umpqua Bank chief marketing communications officer Eve Callahan, the program and newly formed partnerships address an opportunity gap in equitable access to funding and expertise essential to the viability and success of any business, especially those in communities lacking critical resources and support services. "Entrepreneurs and small business owners create incredible opportunity and prosperity in our communities, but historical barriers continue to exist that prevent many from accessing what they need for success. Partnerships that take a multi-faceted, collaborative approach to close this opportunity gap are essential to give every entrepreneur with good ideas and determination a chance to succeed. We're really pleased to announce the Umpqua Bank Small Business Empowerment Program and the strategic partnerships with these terrific organizations. Together, they're advancing some of the most innovative, creative and comprehensive approaches to addressing one of the biggest obstacles to prosperity many communities face." Umpqua Bank chief marketing communications officer Eve Callahan Details of each partnership and how they will enhance access to economic opportunity are as follows: Kiva: Access to Capital. Umpqua, through the Umpqua Bank Charitable Foundation, is establishing an Umpqua Bank Managed Loan Fund, enabling women and minority entrepreneurs in Umpqua's footprint to access matched funds and obtain 0% interest, crowdfunded loans. Kiva utilizes an innovative, character-based lending approach, removing collateral and credit history barriers in gaining access to capital. Funds will revolve for three years, multiplying the investment impact of the loans. Since 2005, Kiva has been a global, transformative leader in supporting women and minority entrepreneurs with crowdfunded loans that unlock capital for the underserved, improve the cost of financial services, and address underlying barriers to financial access. Centro Community Partners: Access to Expertise and Tools. Umpqua is funding a significant expansion of Centro's tech hub and a bilingual mobile app for small businesses over the next three years. Centro's innovative, award-winning business planning app provides entrepreneurs with affordable, culturally appropriate and high-impact, enterprise-building tools. In addition, Umpqua is funding the expansion of Centro Capital Hubs in the Bay Area, connecting hundreds of entrepreneurs with 0% Umpqua Bank Managed Loan Fund loans through Kiva. In addition, Centro will also be able to enhance technical assistance capacity for local microenterprise organizations through its E-Suite platform, Learning Management System (LMS) platform, and its Centro App solutions. Centro works with entrepreneurs to help them start and grow their businesses. Micro Enterprise Services of Oregon (MESO): Geographic Expansion. Umpqua is working closely with MESO to expand services in Southern Oregon. MESO expects to open a satellite office in Jackson County with bilingual loan services and access to new microenterprise tools for a region severely impacted by both wildfires and COVID-19. MESO staff will provide one-to-one culturally specific coaching, credit-building support, technical assistance, and access to a 5:1 matched Individual Development Account (IDA). MESO elevates and empowers historically excluded entrepreneurs with tailored business assistance and flexible capital to build family wealth through business ownership. Business Impact Northwest (BINW): Financial Literacy and Loan Readiness. Recognizing the historic barriers to accessing capital and financial expertise many diverse entrepreneurs face, Umpqua is funding the launch of BINW's new, multi-lingual Loan Readiness Center to provide customized technical assistance that moves entrepreneurs from "loan-ready" to "loan-successful." In addition, BINW will introduce new culturally appropriate loan products that expand access to capital for under-resourced borrowers. BINW provides coaching, education, and access to capital for community small businesses, with an emphasis on working with traditionally underserved populations—entrepreneurial low/moderate income earners, women, BIPOC, veterans, immigrants and members of the LGBTQ+ community. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California and Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for eight years in a row on FORTUNE magazine's list of the country's "100 Best Companies to Work For," and was recently named by The Portland Business Journal the Most Admired Financial Services Company in Oregon for the seventeenth consecutive year. In addition to its retail banking presence, Umpqua Bank also owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to businesses.

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TECHNOLOGY

Clik2pay Boosts Capabilities with the Launch of Mobile App for Small Businesses

Clik2pay | February 15, 2022

Payment service provider Clik2pay continues to add to its feature set with the launch of the new Clik2pay mobile app. This first-of-its-kind product allows merchants to collect funds from consumers, who can pay easily and securely online directly from their bank accounts. Having found initial success with large businesses, Clik2pay is now opening up this payment functionality to the millions of small businesses and micromerchants operating in Canada. The Clik2pay app is free to download and easy to use. Businesses simply enter their customer’s name, mobile phone number, and amount owed into the Clik2pay app. Clik2pay texts the customer a link - or the business can present a QR code for the customer to scan. The customer completes the transaction directly and securely from their bank account. Because the payment takes place within the customer’s own bank, the transaction is secure and familiar. “The high costs of credit card payments, on top of the economic slowdown caused by the pandemic, is really hurting small business. Card-based mobile apps can cost 3-4% of the sale, require a separate device to read the card and may result in chargebacks to the business. The Clik2pay app helps businesses contain card costs and manage cash flow by providing guaranteed payments in near real-time.” Mike Bradley, Founder and CEO of Clik2pay Clik2pay is a unique online payments service that facilitates bill, invoice and online payments directly and securely from customer bank accounts. Payments are requested easily by text message, e-mail, checkout button or QR code and are processed at a fraction of the cost of other payment types. Clik2pay leverages multiple layers of bank-grade security and the highest standards for risk management by using one of the most secure money transfer services globally. To use the app, businesses register and link their bank account directly in the app and are ready to receive payment in a matter of minutes. Transaction fees are 1% + $1 per transaction, with no hidden charges or extra fees. The Clik2pay app is available for all major mobile phones – at the App Store (Apple) and Google Play Stores. About Clik2pay Clik2pay is first in Canada to deliver real-time payments to businesses directly from customer bank accounts. The company’s focus is to be the best way for Canadian consumers to pay, and for Canadian retailers to be paid. Clik2pay is led by a team with deep business and technology expertise in payments, retail, and digital banking. Clik2pay features for larger businesses include easy-to-use APIs, end-to-end payment tracking, real-time notifications, status updates and a complete settlement file.

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Spotlight

Do you want to start your own business? Here are the best small business opportunities for small investors. Start a small business with these small investment ideas. Business ideas and opportunities to start a small business. Hope you all liked our videos.

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