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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

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    RSS Financial News

    • Worth Raises $30 Million to Streamline Small Business Onboarding and Underwriting
      Worth raised $30 million in a Series A funding round for its platform that helps financial institutions, FinTechs and payment providers onboard and underwrite small and medium-sized businesses (SMBs). The company will use the new funding to refine its existing technology, introduce Know Your Agent frameworks and deploy new product updates, it said in […] […]
    • Spade Raises $40 Million to Drive Transaction Data Analysis
      Spade raised $40 million in a Series B funding round to grow its platform that helps banks and FinTechs turn transaction data into actionable insights. The company will use the new funding to deepen the capabilities of the platform and expand its team, it said in a Tuesday (March 24) press release. Spade’s platform matches the raw data from […] […]
    • FTC Seeks to Ban Air AI From Marketing Business Opportunities
      The Federal Trade Commission (FTC) said Tuesday (March 24) that it has reached a settlement with Air AI in which the company and its owners will be banned from marketing business opportunities. The settlement followed the FTC’s August complaint that alleged that Air AI, five related companies, and owners Caleb Maddix, Ryan O’Donnell and Thomas Lancer made deceptive […] […]
    • Braze Earnings Show AI Push and Enterprise Demand Gain Ground
      Braze is using its latest earnings report to make a broader point about where customer engagement software is heading. The issue in this quarter was not just growth. It was whether large brands are treating customer engagement as a core part of their artificial intelligence (AI) strategy rather than a marketing add-on. Braze said […] […]
    • OpenAI Abandons Its Sora Video Platform to Focus on Super App
      OpenAI is reportedly scrapping its Sora video platform as it narrows its focus toward high-productivity coding and agentic tools, according to The Wall Street Journal. This shift marks a retreat from a fragmented do-everything product strategy as the company prepares for a potential initial public offering (IPO) as early as the fourth quarter of […] […]

    RSS News

    • LendPathway Achieves 99.7% Reconciliation Accuracy on Financial Documents
      NEW YORK, NY — March 2026 — LendPathway, a New York-based fintech company providing underwriting automation for alternative lenders, announced that 99.7% of all ledgers processed through its platform now reconcile correctly — meaning starting balance plus transactions equals ending balance, mathematically verified. Over the past few months, the company reduced its reconciliation failure rate […]
    • The 2026 Coleman SBA Lending Awards Recap
      Coleman’s 2026 SBA Lender Professional Awards ceremony took place last week in Miami at the corporate headquarters of Banesco. Bob Coleman, the organizer of the event and founder of the Coleman Report, was the host. The annual Coleman Awards first debuted in 2025. The full list of winners from 2026 can be viewed here. Among […]
    • NACLB Conference Canceled
      A company organizing an event under the NACLB conference brand has decided not to go through with it. Initially they had planned to host a conference in Florida this coming June using the NACLB name that convicted felon Kris Roglieri had previously created. The company acquired the rights to that name through Roglieri’s personal bankruptcy […]
    • Upstart: Humans are not very good at underwriting loans so AI won’t be either
      “…unfortunately, humans have never really been very good at precisely underwriting loans and figuring out the cash flows they’re going to produce for the next 5 years,” said Upstart CEO Paul Gu during the company’s Q4 earnings call in response to an analyst’s question. “That’s something that has always been solved as a big math […]
    • Mayor Mamdani: Merchants Should Get Revenue-Based Loans
      New York City Mayor Mamdani has come out in favor of revenue-based financing. As part of a promotional video for the NYC Future Fund, a government-supported low interest loan program, the touted structural benefit of the program is the fact that the loans are repaid by a percentage of revenue rather than fixed payments. “Unlike […]