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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

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    RSS Financial News

    • Arizona Criminal Filing Escalates States’ War on Prediction Markets
      Arizona’s filing of criminal charges against Kalshi could mark a new strategy in states’ legal battles with prediction markets, Bloomberg reported Wednesday (March 18). Daniel Wallach, founder of Wallach Legal, told Bloomberg that Arizona’s strategy could enable the state to shut down Kalshi’s operations rather than imposing fines. “It may reflect a fine-tuning of […] […]
    • Coinbase Bets on AI Agents to Power Payments Growth
      Cryptocurrency exchange Coinbase is looking to build the infrastructure for artificial intelligence agent payments at a time when its core business is being impacted by the crypto market downturn, The Information reported Wednesday (March 18). Shan Aggarwal, chief business officer at Coinbase, said of the firm’s agentic payments projects: “It’s certainly one of our […] […]
    • FinTech Loan Fund Limits Withdrawals as Investors Exit Private Credit
      Stone Ridge Asset Management told clients in one of its funds last week that it would pay investors only 11% of the amount they requested to cash out because recent redemption requests were so high, the Wall Street Journal reported Wednesday (March 18), citing an investor update. The Stone Ridge Alternative Lending Risk Premium Fund holds consumer […] […]
    • Macy’s Credits AI, Reimagined Stores and Loyalty Data for Return to Growth
      Macy’s returned to positive comparable sales in fiscal 2025, marking what the company called an inflection point after years of contraction. The earnings result reflects not just improved merchandising but a structural shift in how the company is using customer data, store formats and digital channels together. The company’s bold new chapter strategy, now […] […]
    • Walmart Secures Machine Learning Patents to Aid Retail Pricing
      Walmart has secured U.S. patents for two systems that would use machine learning to inform the company’s pricing, the Financial Times reported Wednesday (March 18). One patent is for a “system and method for dynamically and automatically updating item pricesâ€� for markdowns in its eCommerce unit, while the other is for using machine learning to […] […]

    RSS News

    • Sales Tips and Closing MCA Deals With Sam Kaye on the deBanked Podcast
      If you’ve seen some clips on Instagram between myself and Sam Kaye on how to sell an MCA on the phone, they come from a much wider two hour conversation/interview where we talked exclusively about selling deals. Kaye trains sales floors in the industry. In this podcast, Kaye gets very specific on how to sell […]
    • Fintech Mortgage Lending Platform Integrates With ChatGPT
      “Can you underwrite this loan?” That’s an example offered by Better, a fintech mortgage lending platform, in its preview of how its new AI underwriting system can be used conversationally in a chat box. According to the announcement, up to 95% of mortgage applications can be approved instantly using the technology which is geared toward […]
    • Judge Orders Accused Scammer Saul Shalev to Remain in Jail During Trial
      Saul Shalev, the individual accused of masterminding the small business finance industry’s long running mysterious fraud, had his motion to be released on home confinement while awaiting trial denied. “As I explained on the record at the hearing, the following factors weighed in favor of Shalev’s detention: Shalev has previously fled the country when facing […]
    • TomoCredit Sues Fintech Journalist
      TomoCredit, a company that identifies itself as “a software company providing a suite of software solutions designed to support financial literacy,” has filed a lawsuit against a fintech journalist named Jason Mikula for defamation and libel. Mikula operates Business Fintech Weekly, a widely read newsletter in the fintech space. TomoCredit alleges it has suffered damages […]
    • California Bill Asserts Businesses Generating Up to $18 Million/Year in Sales Need Consumer Protections
      California’s AB2116 is proposing to amend the state’s Consumer Financial Protection Law and declare that small businesses generating less than $18 million a year in revenue be considered a consumer for the purpose of consumer financial protections. “Small businessâ€� means a business entity organized for profit with annual gross receipts of no more than sixteen […]