Merchant Processing

Square Beats Revenue Estimates with $439 Million; Lending Business Grows 70%

November 2, 2016
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Square Capital grew 70 percent annually, extending $208 million in 35,000 loans. With this, it has originated over $1 billion in two years, through this program.

It’s Not About Replacing Banks, Square CEO Says

October 30, 2016
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Square CEO Jack Dorsey as he walked on stage at the 2016 Money2020 conference in Las Vegas It’s not about replacing banks, it’s about making financial services more accessible, said Square CEO Jack Dorsey in regards to what his company and others in the fintech space are doing. During his fireside chat-style address at Money2020, […]

Square Sets Foot in UK with Squareup Europe

July 20, 2016

The payments company foraying in UK by incorporating Squareup Europe Ltd in London early last month.

Why You Shouldn’t Overlook Selling Merchant Processing

January 4, 2016
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Prior to daily fixed payment business loans, there was the traditional merchant cash advance (MCA). The MCA, being the only option, required merchants to tie their need for working capital to that of their merchant accounts, either directly or indirectly, through the use of either split-funding or a lockbox account. DIRECT OR INDIRECT? Split-funding is […]

A Return to the Fundamentals? (At Transact 15)

April 3, 2015
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we have to go back

The Transact ’15 conference opened to a record crowd and there was no shortage of merchant cash advance players in attendance. Those facts were to be expected. And if you walked in and poked your head around, you might not have noticed anything to be different. Payment processors touted the latest mobile technology and at […]

Transact 15 in San Francisco

March 29, 2015
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I’ll be at Transact ’15 this week in San Francisco. It used to be the only national show that the entirety of the merchant cash advance industry attended. That’s not necessarily the case anymore but it’s still a must-attend event for funders. Click here for my photo blog of last year’s Transact conference. To view […]

Should Licensing and Accreditation Come to MCA?

August 13, 2014
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It’s not said often, but it has been suggested by some players in the merchant cash advance industry to introduce sales licensing requirements. Anybody can sell and broker MCAs or alternative business loans, even your mom. That’s been a boon for growth but a bust for maintaining any kind of uniformity or standards. That’s a […]

Square Bears Attack

April 21, 2014
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Square Bears

It was the PR nightmare that wouldn’t end. With Easter Sunday still warm on everyone’s minds, bloggers went for the jugular over Square’s acquisition rumors. Whether based on fact or fiction (nobody seemed to know for sure), Alistair Barr, Douglas Macmillan, and Evelyn Rusli of the Wall Street Journal single-handedly hit Jack Dorsey’s famous payment […]

Largest Merchant Acquirers of 2013

April 12, 2014
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According to the Nilson Report, the 10 largest merchant acquirers of 2013 were: 1. Bank of America 2. Chase Paymentech Solutions 3. First Data 4. Vantiv 5. Elavon 6. Wells Fargo Merchant Services 7. Citi Merchant Services 8. Global Payments 9. Heartland Payment Systems 10. WorldPay The only 2 changes in the top 10 were: […]

Regulatory Paranoia and the Industry Civil War

April 11, 2014
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Stacking is on everyone’s minds in the merchant cash advance (MCA) industry but that war is little more than smoke compared to the fire burning in our own backyard. One of the major topics of debate at Transact 14 has been Operation Choke Point, a federal campaign against banks and payment processors to kill off […]

Join Me at Transact 14

April 1, 2014
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Electronic Transactions Association

I’ll be at the ETA’s Transact 14 Conference in Las Vegas next week (Apr 8 – 10) wearing my journalist hat for DailyFunder. DailyFunder is currently the only publication dedicated to merchant cash advance and alternative lending and is a media sponsor of this year’s event. All attendees will be able to pick up a […]

Split Funding is Here to Stay

August 21, 2013
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I’ll say it for the hundredth┬╣ time, the advantage of split-funding is the ability to collect payments back from a small business that has traditionally had average, weak, or poor cash flow. Let’s put that into perspective. There is a distinct difference between a working business with poor cash flow and a failing business. A […]

What Debit Card Interchange Reform?!

August 1, 2013
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debit card

After years of debating over the law to cap debit card interchange fees and its eventual enactment, a federal court has struck it down. The 21 cent cap is gone but not because it was deemed unfair to banks but because the court thinks the cap should be even lower. Story about it on CNN […]

MCA Track – A Merchant Cash Advance Back End

July 6, 2013
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MCA Track dashboard

Running your funding business off of excel spreadsheets or clunky old software that wasn’t meant for the Merchant Cash Advance (MCA) market? You might want to consider using something that was both made and used by MCA people. A couple weeks ago, Benchmark Merchant Solutions gave me a private demo of their all-in-one back end […]

Penguin 2.0 Epic Fails

May 23, 2013
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google penguin fail

Just as the Merchant Cash Advance industry is beginning to enjoy positive publicity, Google has the potential to set the momentum backwards by pushing terrible results. I’m going to post some Penguin 2.0 epic fails over the next couple days. So check in every now and then to see what’s new. You can also send […]

Google Penguin 2.0 Hits Search Rankings – Track The Responses

May 23, 2013
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According to Google’s Matt Cutts, Google Penguin 2.0 was fully implemented on Wednesday afternoon. Notice a difference in the search queries today? We’re noticing a lot of activity in the MCA industry. Using a nice little hack, we’ve created a way to track all the responses on Google+ that are specifically tied to Matt Cutt’s […]

ETA Expo Recap

May 3, 2013
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Recap of the ETA Expo as it pertains to Merchant Cash Advance: Just about every funder has an ACH program or is working on implementing one. Many funders are licensed lenders or are working to become licensed in the states where it may be necessary. There actually seemed to be a lot of excitement about […]

Follow us at the ETA Expo

April 30, 2013
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new orleans

May 3, 1:00am: I underestimated how easy it would be to make frequent updates. Wednesday was fantastic. I uploaded a couple dozen photos and updates all at once earlier today over on DailyFunder. As soon as the show was over, I found myself on Bourbon Street at the Discover party followed by the Priority Payments […]

It Got Said – Merchant Cash Advance – Friday Fun

April 26, 2013
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automate underwriting

In honor of Friday, we’re having some fun… See the rest of the Merchant Cash Advance memes on DailyFunder Caught on twitter [View the story “They Said That – Merchant Cash Advance” on Storify] They Said That – Merchant Cash Advance Caught on twitter Storified by Sean M· Fri, Apr 26 2013 08:08:52 Announced the […]

ETA Expo 2013 is Approaching

April 9, 2013
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eta expo 2013

The ETA Expo 2013 in New Orleans is fast approaching. If you haven’t registered yet, you should probably go and do that over at This will personally be my first time to New Orleans and I am excited to meet and speak with a lot of you. Merchant Processing Resource and DailyFunder will be […]