Whether your interests lie in electronic check conversion using the newest imaging technology, simple risk avoidance via paper-based check approval, electronic ATM payroll cards, or one of our unique “All-In-One” combination gift and loyalty card programs, Banc Transactions is helping business change the way it operates – implementing enhanced check fraud algorithms, focusing on new customer marketing strategies, maximizing untapped opportunity, protecting profits and increasing revenues. And that is no small change.

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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  • Report: OpenAI Doubled Annualized Revenue in 6 Months
    OpenAI reportedly more than doubled its annualized revenue over the last six months or so. The firm’s current annualized revenue is $3.4 billion, up from $1.6 billion in 2023, Bloomberg reported Wednesday (June 12), citing a paywalled article by The Information. OpenAI did not immediately reply to PYMNTS’ request for comment. This report comes two […]
  • Report: Meta to Reduce VP Positions From 300 to 250
    Meta Platforms is reportedly continuing its headcount reductions by looking to cut down on the number of vice president positions. The company aims to reduce the number of vice president positions from the 300 it had last year to about 250, Seeking Alpha reported Wednesday (June 12). Meta did not immediately reply to PYMNTS’ request […]
  • Stablecoin Issuer Paxos Lays Off 65 Employees
    Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is working to launch and scale new regulated tokens, Bloomberg reported Wednesday (June 12), citing an email sent to Paxos employees by CEO Charles Cascarilla. Reached by PYMNTS, a Paxos spokesperson […]
  • InScope Raises $4.3 Million to Expand Financial Reporting, Auditing Platform
    InScope officially launched and announced it raised $4.3 million to grow its platform designed to facilitate financial reporting and audits for private companies.  The platform is designed to provide a solution for a process of putting together financial statements that is currently time-consuming and prone to errors, the company said in a Wednesday (June 12) post on LinkedIn. […]
  • SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
    The Securities and Exchange Commission reportedly asked a federal judge Wednesday (June 12) to approve a settlement with Terraform Labs. The deal would resolve an SEC fraud case involving the cryptocurrency firm’s 2022 collapse that eliminated $40 billion in investor assets, Bloomberg reported Wednesday (June 12). Under the proposed settlement, Terraform would pay $3.59 billion […]
  • Merchants Still Concerned About Inflation, Recession, (and Bird Flu?)
    Seventy-eight percent of businesses expressed that they are somewhat concerned or very concerned about the cost of goods/inflation right now. The exact same percentage said the same about a possible recession. That’s according to the latest State of Small Business Report compiled by IOU Financial. Interest rates were top of mind too, though not as […]
  • Looking at PayPal’s Business Funding Charge-Offs
    When PayPal announced a sudden and dramatic pullback on its MCA and business loan operations in the third quarter of 2023, it was surprising news. For instance, the company’s net charge-off rate had been trending downward for years, coming in 7.4% at year-end 2019 right before covid and going down to 4.7% in 2021 and […]
  • Lightspeed: ‘We plan to grow our MCA business cautiously’
    Global e-commerce platform Lightspeed continues to see a lot of potential in the merchant cash advance space. It more than doubled the cash expended to originate MCAs quarter-on-quarter to $18.5M up from $8.3M. “I’ll start by saying that when we look at our peers that are doing capital and have been doing capital for a […]
  • Cloudsquare Unveils Game-Changing Lender APIs for Streamlined Submissions
    New out-of-the-box integrations promises to revolutionize the deal submission process, boosting efficiency and cutting costs for alternative lending companies. Los Angeles, CA – June 6, 2024 – Cloudsquare, a leading LOS/LMS platform and Salesforce consulting partner specializing in alternative lending solutions, announces the launch of 14 new Lender APIs integrated into Cloudsquare Broker, an alternative […]
  • Trading MCA for Mortgages
    “I like multiple ways of getting business,” said Julio Sencion, Principal at Alta Financial. “If I did one thing and one thing only and that slows down, it affects my bottom line, so I like to keep my doors open for more opportunity and I think the ISOs should as well.” Sencion’s not funding MCAs […]