Top 6 trends driving opportunities in small business
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4. Checks A survey from the Association for Financial Professionals (AFP) found that, despite declining usage, checks still account for half of B2B payments.
5. Consumer CardsMany small business owners still use a personal credit card for business expenses when business cards typically have a lower APR, higher credit line and offer business benefits and apps that allow owners to allocate expenses.
6. RegulationsConsumer cards are now more tightly regulated than business cards which means issuers can charge higher fees (plus interchange has always been higher too).