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    Banc Transactions, Inc. is a direct Visa® and MasterCard® credit card processor. We serve the payment needs for merchants and merchant associations. More

    Banc Transactions, Inc. serves independent sales organizations. Our extensive knowledge, competitive pricing and cutting edge products equal more sales and higher margins for your sales office. More

    Bankers know customers will do business with the financial institutions that can deliver the products they need. More

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    In today's economy, obtaining a small business loan can be a slow and difficult process.

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    RSS Financial News

    • Instacart Acquires Instaleap to Fuel International Expansion
      Instacart says it has acquired Colombia-based grocery technology firm Instaleap. The deal, announced Tuesday (April 14), is designed to promote Instacart’s global expansion while adding to its technological capabilities. “We see a meaningful opportunity to expand internationally through an enterprise-led strategy that empowers retailers across the globe to meet the evolving omnichannel needs of their customers,â€� Ryan Hamburger, Instacart […] […]
    • Primitive Launches System to Help Financial Institutions Deploy AI Agents
      Primitive announced its launch Tuesday (April 14), saying it offers an artificial intelligence agent operating system purpose-built for regulated financial institutions. The company’s end-to-end system for creating, deploying and governing agentic execution provides the control, third-party integration and measurement required to run AI agents across operations, Primitive said in a press release emailed to […] […]
    • OpenAI Backers Question Valuation Amid Anthropic Competition
      OpenAI’s $852 billion valuation is reportedly causing some unease among the startup’s own investors. As the Financial Times (FT) reported Tuesday (April 14), this growing scrutiny comes amid OpenAI’s new focus on enterprise customers and dealing with competition from rival artificial intelligence (AI) startup Anthropic. In the past few months, OpenAI has made a […] […]
    • OpenAI Buys Personal Finance Platform Hiro
      OpenAI has acquired artificial intelligence-(AI) powered personal finance startup Hiro Finance. The deal will see Hiro’s team join OpenAI, founder Ethan Bloch said in a LinkedIn post Monday (April 13). Bloch said the deal provides the opportunity to expand Hiro’s vision of creating an “AI personal CFO.” “For decades, personalized financial guidance has been […] […]
    • Economists Challenge the ‘Data Equals Power’ Narrative
      Watch more: TechReg With Alexandre de CornieÌ€re and Greg Taylor Data has become the decisive input in digital markets, but its effects are neither uniform nor predictable. That’s forcing regulators and firms to confront a more complex set of trade-offs than traditional competition frameworks anticipated. That was the throughline of a Competition Policy International […] […]

    RSS News

    • Fed: Banks King in Small Business Funding
      “Currently, banks hold roughly $600 billion in business loans that were originated under $1 million,” said Federal Reserve Vice Chair for Supervision Michelle W. Bowman. “Banks are the primary financing channel for small business funding.” Bowman was speaking at a Consumer Bankers Association (CBA) event. She offered impressive stats about banks in small business lending. […]
    • Pipe Originated $300M in MCAs in Last Two Years, Bouncing Back
      Pipe originated $300M in merchant cash advances in the last two years, the company revealed. The figure was presented in its announcement that it has raised a fresh $16M round of capital. The $300M in MCAs was spread across 15,000 merchants. “Pipe has built the infrastructure that small business financing should have had from the […]
    • Webinar: Important Industry Updates with Greenspoon Marder & deBanked
      Join us for a joint webinar on April 30th. You can register here.
    • eBay Has Originated More Than $1 Billion in Business Loans & Merchant Cash Advances
      More than $1 billion of business loans and merchant cash advances have been originated through the eBay Seller Capital program since its inception. The cumulative figure since 2021 was revealed last fall. eBay relies on partners like Liberis to fund the deals. E-commerce platforms have experienced rapid growth in merchant funding programs over the years. […]
    • Former Operator of NACLB Conference Sentenced to Eight Years in Prison
      Kris Roglieri, the founder, and former operator of the National Alliance of Commercial Loan Brokers (NACLB) Conference, was sentenced to 97 months in prison. Roglieri previously pleaded guilty to wire fraud conspiracy after it was revealed in 2024 that his commercial lending business, Prime Capital Ventures, was actually a ponzi scheme. Roglieri’s attorney had argued […]