With the words “double dip recession” on everyone’s lips, it’s no wonder that lenders are becoming even more parsimonious with small business loans.
When the new program launched late last year, cashless kettles were available at more than 300 locations in more than 120 cities across the United States.
Visa Europe has partnered with a company called ValidSoft that can establish whether your mobile phone is in the same place as the merchant or ATM where your card is being used.
via: The Pajama Pundit
Of the businesses who received credit, 75 percent said they were getting only “some” of the credit they requested.
Last week, the Department of Justice and seven states filed a lawsuit that charged Visa, MasterCard and American Express with engaging in anti-competitive practices.
Among the 11 percent of consumers who claim they have an increased ability to put funds into savings, 46 percent have decreased the use of their credit cards, and 51 percent have decreased their spending on discretionary goods, such as entertainment, travel, luxury items and cars.
The debate began in October, when President Obama started pushing ways to get cheap capital to small businesses.
“The small business credit issue is multi-faceted,”.
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