Brian Penny is a former business analyst and operations manager at Countrywide and Bank of America turned whistleblower and freelance writer. His banking career also included jobs for Chase, American Express, and client work for Wells Fargo and other large banks. He's interested in all things finance, and spends much of his time for CardFellow writing about financial technology and payment security.In addition to CardFellow, you can find Penny's blogs on Huffington Post, Forbes, Fast Company, The Street, Cracked, High Times, Quicken's Small Business Resource, and Small Business Daily.

Credit Card Processing

Comdata Review – Is It Worth the Cost?

It also offers accounts payable, expense tracking, prepaid gift cards, and virtual cards for vendor payments and employee payroll. Comdata develops technology, issues credit cards, processes transactions, manages data and reporting, and has its own payment network. This makes it a full-service company that has products in a variety of categories we cover. We’ll review…

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Comdata offers a plethora of financial services for businesses of every size in a wide range of industries. It started in the trucking industry, however, and many of its offerings (such as its POS products and fleet cards) are aimed at that sector.

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Accounting and Finance

Fundbox Review: Invoice Financing

Invoice financing is a popular method of obtaining short-term business capital to run your business. Fundbox offers both invoice financing and traditional business lines of credit. While these types of loans carry large fees, they can be a great short-term financing option for businesses with bad or no credit. If you’re looking for working capital,…

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Fundbox is a startup that offers working capital options for businesses through invoice financing or lines of credit.

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Accounting and Finance

BlueVine: Invoice Factoring and Credit Lines for Liquidity

We’ve previously discussed invoice financing, in which a company uses your business’s outstanding invoices as collateral to finance a loan. BlueVine takes this concept one step further by offering invoice factoring. In this BlueVine review, we’ll look at what that entails and when it may be a good fit for you. Note that there’s a…

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BlueVine offers invoice factoring and lines of credit for improved cash flow while you’re waiting on payment from outstanding invoices.

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Accounting and Finance, B2B

What Is Behalf? Receive a Loan to Pay Your Vendors

It’s similar to companies offering point-of-sale loans to finance purchases (see our Affirm review for more info on purchase loans) However, instead of financing consumers, it provides microloans to vendors and other business clients when making a business purchase. While consumer sales typically require payment up front, business sales often run on payment cycles of…

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Smaller B2B companies know the money constraints of net terms. Behalf offers short-term financing for B2B purchases to help ease the pain.

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Accounting and Finance, ecommerce

What is Affirm? Understanding Purchase Financing

Affirm is one of the new wave of companies offering point of sale loans to finance purchases. Retailers like ticketing service Eventbrite, retailers Wayfair and Casper, and travel site Expedia offer point of sale financing. Essentially, when a consumer checks out on a website, they have the option of paying by taking out a loan…

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Affirm loans are a short-term loan option for financing purchases at the time of sale, with a simple application and no hard credit check.

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Credit Card Processing, Security and PCI Compliance

Transaction Security for the Holiday Season

It’s a huge opportunity to beat sales forecasts, but fraud can quickly eat into the revenues generated. Data breaches are on the rise, and, while you see the increased holiday traffic as a way to be nice to customers, hackers see it as an opportunity to be naughty. Protecting customer information and securing financial transactions…

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The holiday season is upon us, and with it comes an increase in customer traffic and purchases. More than 164 million consumers planned to shop on Thanksgiving weekend alone, according to the National Retail Federation, while a Deloitte survey found 51% of that spending will be done online.

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Security and PCI Compliance

Clearent’s DataGuardian Security Suite

These days everything is digital. When was the last time you saw someone using a manual credit card imprinter? Whether you accept payments from chip credit cards or Apple Pay, the risks (and regulations) remain essentially the same. Hackers and thieves don’t care if you’re a one-man weekend operation or a major corporation. If you…

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Business is different than it was even a decade ago. Data breaches and other advanced cybersecurity threats make PCI compliance and payment security a necessity for even hobby businesses.

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Business

7 Mistakes Small Business Owners Make

While not every industry is the same and constructing a recreational dispensary in California’s newly legal market requires different paperwork than opening an organic juice stand in your local library, there are generalities in business. Half of legitimate businesses in the U.S. fail within the first year, according to the Small Business Administration. Even for…

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Starting and growing a business isn’t as easy as it can look on TV. You don’t just come up with an idea, raise money, and become the next unicorn startup.

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