Secure Payments
Combat payment fraud and evolving threats with real-time payment protection that stops fraud before it happens.
Simultaneously, the resulting impact of the COVID-19 pandemic represents a $370 billion opportunity for financial institutions to provide accounting and payments services to these same customers.
This infographic contains a compilation of data from a number of resources conveying the wide-spread impact of the pandemic on small businesses.
Throughout the pandemic, community banks have been a lifeline for small businesses
Providing nearly $330 billion in Paycheck Protection Program loans
Accounting for nearly 60% of the total loans
Saving an estimated 33.7 million jobs
The opportunity for banking partners
35% - 40%
of small businesses serve on consumer or consumer-like banking platforms, not platforms designed for businesses
42%
of community banks do not feel that their current business banking/cash management platform effectively meets banking needs for small businesses
50%
of small businesses are likely or somewhat likely to replace their business banking/cash management solution over the next 2-3 years
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