Tag: banks

Department management, Financial

Interchange Basics: How Does It Work, and Where Does the Money Go?

July 9, 2021

Via: Business 2 Community

Have you ever wondered what interchange is, and why you’re charged fees for it? Here’s what you need to know. What is interchange? When a customer makes a purchase using a credit or debit card, your business pays a fee […]

Department management, Financial

Inside the Mind of the Bank: 4 Factors Affecting a Small Business Loan

April 25, 2016


When the Great Recession hit in 2007-2008 traditional banks and credit unions changed their lending standards. They made it very difficult for small business owners to get funding. Alternative lenders stepped in to fill the void. They helped small business […]

Department management, Financial

The IMF defends negative interest rates despite risks

April 11, 2016

Via: Business Insider

The IMF on Sunday defended negative interest rates set by central banks, given “significant risks” of slow growth, while acknowledging potential for dangerous boom-and-bust cycles. Six central banks, notably the European Central Bank and the Bank of Japan, have taken […]