Small Business (SMB)

Network security on high alert: Security spending is rising as cyber threats and ransomware become more sophisticated. SMBs are most vulnerable yet most likely to cut expenses.

Rising labor costs cause retailers and restaurants to pause hiring: Fifty-seven percent of retailers and 38% of small restaurants have implemented hiring freezes because of inflationary pressures.

USPS commits to 40% EV fleet: Starting in late 2023, nearly half of the USPS’ fleet will be all-electric, which could accelerate EV adoption efforts as logistics companies modernize their own fleets.

The duo introduced the Fundbox Flex debit card for small small businesses and plan to add BNPL and instant disbursement through Visa Direct.

Meta touts commercial possibilities of messaging: New WhatsApp API and business messaging features offer ways to diversify revenue as ad segment comes under pressure.

Improving B2B payment automation and resolving cash flow issues provides a route into the SMB payments market.

Bill targets mergers valued over $5B: Focus on larger M&A effects on the labor market can result in stronger regulation, but the bill could get resistance from Republican lawmakers.