
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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- AI Startup Mercor Faces Lawsuit Over Data BreachAI training feedback startup Mercor is reportedly facing legal action following a data breach. The $10 billion company, which has worked with the likes of Meta, has been served with at least seven class-action lawsuits in the wake of the breach, The Wall Street Journal (WSJ) reported Thursday (April 23). The suits allege the breach exposed Mercor contractor information […] […]
- CFOs Are Flying Blind on Counterparty Risk as Cross-Border Uncertainty SpikesCross-border commerce has long been constrained by cost and its cousin, speed. That hierarchy, however, is increasingly shifting toward a new axis: counterparty risk. In today’s fragmented global economy, many chief financial officers are observing that risk has overtaken cost as the dominant concern. And the risk that a counterparty will fail to perform, […] […]
- American Airlines Finds Fuel Price Spikes Won’t Stop Premium TravelersAmerican Airlines found during the first quarter that fare hikes made in response to the spike in jet fuel prices didn’t stop premium travelers. There was no impact on demand. American Airlines CEO Robert Isom said Thursday (April 23) during an earnings call that that travelers realize that in real terms, today’s prices are […] […]
- First Citizens Plans to Retire Silicon Valley Bank Name Three years ago, First Citizens BancShares acquired failing crypto/tech-focused lender Silicon Valley Bank (SVB). Now, First Citizens says it’s time for an SVB rebrand, according to a Thursday (April 23) news release. Starting in the fourth quarter of this year, Silicon Valley Bank will be divided into two units: First Citizens Innovation Banking and First Citizens Fund Banking. […] […]
- FAFT Wants Italy to Strengthen Money Laundering ProtectionsA global financial crime watchdog wants Italy to get tougher on money laundering. The Financial Action Task Force (FATF) released an assessment Thursday (April 23) of the Italian government’s anti-money laundering, counter-terrorist financing and proliferation financing (AML/CFT/CPF) measures. While the regulator largely found that the country’s protections and approaches were adequate, it did note some places where […] […]
- Cloudsquare and ACH Works Partnership Helps Lenders Take Control of Payments and CollectionsLos Angeles, CA — April 23, 2026 — Cloudsquare, the #1 rated end-to-end lending platform built on Salesforce, is helping lenders bring greater control, visibility, and consistency to payment operations through its partnership with ACH Works, a leading ACH payment processor and risk management provider. For many lending teams, the biggest challenge is not initiating […]
- What the Velocity Capital Group Announcement RevealedVelocity Capital Group has deployed over $1 billion to small businesses, newly unveiled financial stats show, shedding light on the firm’s performance as it enters a new phase of institutional-scale expansion. Across more than 10,000 transactions, VCG reports a 37.1% renewal rate and a sub-10% default rate. The firm says it operates in all 50 […]
- Channel Adds 25-Year Leader to Credit, OperationsMinnetonka, MN, April 21, 2026 – Channel today announced that Heidi Mukomela has joined the company as Senior Vice President of Credit and Operations. She brings over 25 years of leadership experience in equipment finance, with background spanning operations, risk management, and process improvement. In this role, Mukomela will oversee Channel’s credit and operations functions, […]
- Audit Season Is Coming: How to Get Your MCA Books Ready Before the Panic StartsDavid Roitblat is the founder and CEO of Better Accounting Solutions, an accounting firm based in New York City and a leading authority in specialized accounting for merchant cash advance companies. To connect with David or schedule a call about working with Better Accounting Solutions, email [email protected]. Audits do not create problems. They reveal them. […]
- 229 Companies Now Registered as Sales-Based Financing Providers in VirginiaAlmost four years since Virginia’s sales-based financing provider law went into effect, the state now lists 229 registered parties. That’s an increase of only 27 companies since last year. Both funders and brokers are required to be registered if they intend to transact with Virginia-based merchants, subject to some exceptions. Registrants on the list include […]