Payments

Targeting fast growing SMBs, Visa launches new card portfolio

  • Research shows SMBs are underserved by their current card providers.
  • Visa has launched a new card targeting high-spending SMBs.
Targeting fast growing SMBs, Visa launches new card portfolio

Visa Infinite Business will provide high-spend SMBs in the U.S. with benefits to support the modern small business owner and its employees as they pay and get paid.

  • At launch, Visa Infinite Business will be offered as two distinct products: Infinite B2B, for everyday business spending and Infinite Preferred, specifically developed to address high travel spend for the over 60 percent of SMBs who travel at least once a month.
  • Visa Infinite Business offers growth-oriented SMBs higher credit lines, travel protection, extended warranty, and accounting software integration.

In addition to new products, over the past year, Visa has been ramping its servicing of SMBs in the US and around the world.

  • Partnerships with leading fintech firms include Intuit, Kabbage, Oracle NetSuite, PayPal, and Wave.
  • Visa also spearheads various initiatives targeting SMBs including, She’s Next, Empowered by Visa (a global initiative to support entrepreneurial women), The Visa Back to Business Project (supports SMBs following natural disasters with a tool that enables consumers to locate and support affected SMBs) and The Visa Everywhere Initiative (a global startup challenge that has reached 75 countries, raised over $2.5 billion in funding with more than 221 finalists since 2015).

“With Visa Infinite Business, we have developed an all-encompassing offering that empowers and rewards small business owners for pursuing their passion,” said David Simon, senior vice president, global head of small business and medium enterprises, Visa. “We aim to provide small business owners with peace of mind and value that keeps their businesses secure, competitive—and ultimately, drives growth.”

Payments

A new leg of growth: Brex launches first co-branded card with Bank of the West

  • Bank of the West startup customers can apply and receive for a co-branded credit card.
  • This is the first time Brex has launched a co-branded card.
Zoe Murphy | November 06, 2019
Payments

Research: How Apple Card is performing after its public launch

  • After touting Apple Card's successful launch, Goldman Sachs finally provides the public with some data.
  • After publicly launching in third quarter, Goldman has extended almost $10 billion in credit.
Zoe Murphy | November 04, 2019
Payments

American Express partners with Nova Credit translating international credit scoring for immigrants and expats

  • Immigrants to the US complain about how hard it is to obtain credit.
  • Amex has partnered with Nova in translating foreign scores to extend credit to immigrants and expats.
Michael Deleon | October 25, 2019
Payments

After analyzing $290 billion in spending, Truebill surpasses $50 million in total savings for people

  • Truebill has secured $15 million in Series B financing.
  • The company plans to roll out three new products this Fall.
Michael Deleon | October 23, 2019
Payments, Podcasts

Behind the launch of Central Payments’ Falls Fintech accelerator with Trent Sorbe

  • Smaller financial institutions are finding ways to compete against large banks.
  • Central Payments, part of the Central Bank of Kansas City, is a good example.
Zack Miller | October 17, 2019
More Articles