Tearsheet

The global volume of chargebacks has significantly increased over the last five years. But what’s causing the uptick? Merchants, issuers, and acquirers within the payments ecosystem can come together to create more cohesive and smoother payment experiences to cultivate greater customer loyalty, mitigate chargebacks, and reduce operational expenses, benefiting all involved. #chargebacks #subscriptions #customerloyalty #userexperience #merchants #banks https://lnkd.in/drxQTYKB

Stuart Sopp, CEO of Current, recently joined us on our flagship Tearsheet Podcast. It's not easy for banks to provide liquidity to today's average American. So, they've pulled back. Current developed its own form of cash flow underwriting to support its new Paycheck Advance product. It's working, too. "We’re experiencing probably top decile growth right now, when you look at our Paycheck Advance product really working synergistically with that Build Card. So it’s been busy the last year. We’ve been iterating most of this year, and really sort of making sure everything works perfectly, and that we have great product experiences, and that the customers are happy," Sopp said. Check out the full episode: https://lnkd.in/dTkDFHHR #ewa #paycheckadvance #lending #consumerfinance

On today’s episode of the podcast, we sit down with Sol Lax, the CEO of Revenued, to dive into the intricacies of small business lending. Lax shares his journey from managing Merchant Cash Advances (MCA) to leading Revenued, a company focused on providing financial solutions for small businesses, particularly those with subprime FICO scores. With a background rich in financial innovation and a keen understanding of small business needs, Lax offers insights into the challenges and opportunities in the subprime lending space. “Merchant Cash Advances (MCA) were a necessary but imperfect tool for small businesses,” Lax explains. “We saw an opportunity to create a more flexible and tailored financial product.” Through the tumultuous times of the Paycheck Protection Program (PPP), Revenued pivoted and leveraged its platform to process over a million PPP loans. This experience honed their skills in anti-fraud measures and scaling operations, setting the stage for their current offerings. It’s a candid conversation that you won’t want to miss! Check out the podcast episode here: https://lnkd.in/dsFRcMrt

Had a great time discussing how enterprise retailers like DICK'S Sporting Goods and Prada Group are navigating multi-channel growth and the evolution of retail tech with Sara Khairi at Tearsheet—all from a payments perspective, of course. Check out the full article and a wealth of insights from the latest Adyen Retail Report through the links in the comments ⬇ #retail #unifiedcommerce #payments

Each year, we welcome exceptionally talented students to the Goldman Sachs summer internship program. From the point of orientation and throughout their time with the firm, the training and support we provide is part of what makes our experience differentiated. Omer Tanvir, global head of campus and diversity recruiting, shares insight into our education series, the vitality of the manager relationship, and the broader support system we provide to ensure the learning and development of our interns from program start to finish.   Read Tearsheet’s article on how we are investing in the future by empowering young talent. https://lnkd.in/gH9rhQM7

🎙️ New Podcast Episode: How Current Hit 100% Growth This Year We're excited to share our latest Tearsheet podcast featuring Stuart Sopp, CEO and co-founder of Current. In this insightful conversation, Stuart reveals: - How Current achieved 100% growth by adjusting marketing spend without compromising expansion  - The strategy behind Current's new Earned Wage Access product and credit builder card  - A masterclass in product development and finding the right product-market fit for digital financial products  - Current's unique approach to serving customers with sub-620 FICO scores Stuart offers a behind-the-scenes look at building a neobank that not only survives but thrives in challenging market conditions. Listen now for valuable insights into how fintech innovates at scale and creative growth strategies: https://lnkd.in/dTkDFHHR #Fintech #Neobanking #ProductDevelopment #FinancialInclusion #uniteconomics

In a recent podcast episode, Tearsheet editor Zack Miller spoke with Jameson Troutman, Head of Product at Chase for Business. Jameson shared valuable insights into the current state of small and medium-sized businesses (SMBs) in the U.S. and the new solutions Chase is offering to support them. To help SMBs deeply, requires FIs to really understand their motivations. They love being their own bosses (well, most of the time, anyway). New products and automations need to support this. As Jameson puts it, “Small business owners cherish their autonomy in decision-making and leverage automation to streamline operations." Discover how Chase empowers businesses with tools and choices leads to success and efficiency.  Link to the full podcast in the first comment! #SmallBizDecisions #AutomationBenefits #EmpoweredChoices #SmallBusinessAutonomy #EfficientAutomation #BusinessTools

Some of the biggest brands in the industry like American Express and PayPal are using sound to connect with their audiences. We explore the different directions brands have taken with their sonic identities and how they add more fuel to their sonic brand launches by working on adjacent marketing strategies that give the launch more shelf life. #sonicbranding #marketing https://lnkd.in/dvbkMNNu

Learn more about BILL's tailored software and payment solutions that empower SMB’s to have more control and efficiency in their businesses. Check out our full podcast with BILL's Chief Product Officer, Irana Wasti: https://lnkd.in/dXHtwAGk #FinancialSolutions #SMBSuccess #BusinessGrowth #FinancialFreedom #BusinessGrowth #SMBSolutions #CashFlowManagement #EntrepreneurLife #BusinessTips #FinancialOperations #BusinessOwners #SmallBusinessSupport #InnovativeSolutions

On our exploratory journey of what it takes to build world-class products in financial service, today we have a conversation with Herman Man, the Chief Product Officer at Bluevine. We sat down with him to discuss how the fintech company is revolutionizing small business banking. The big ideas 💲Bluevine aims to serve as a comprehensive financial OS for small businesses, integrating multiple services into one platform. “Our goal always was to really be the financial OS, if so to speak, for these small businesses,” Herman Mann states. 💲Bluevine’s digital KYC and KYB processes enable small businesses to start banking within minutes resulting in streamlined overboarding. “We make our website really simple for them to actually get that information all the way through to the onboarding and application process,” Herman explains. 💲By providing a suite of integrated services, Bluevine reduces the number of apps small business owners need to use. “Small businesses use those number of apps from 7 to 13, as you quoted, not because they want to,” Herman notes. 💲Bluevine prioritizes low fees and transparency to make banking accessible for all small businesses. “Our mission is to really make sure that we build accessible banking for all small businesses,” says Herman. 💲 Bluevine uses implicit and explicit nudges to help customers stay on top of their financial obligations, encouraging healthy financial behavior. “We push them that information all the time,” Herman states. Watch the whole podcast -- link in the comments #SmallBizOnboarding #FraudPrevention #CustomerFirst #SmallBusinessTips #CreditManagement #FraudProtection