Banc Transactions serves independent sales organizations. Our extensive knowledge, competitive pricing, and cutting edge products equal more sales and higher margins for your sales office.
Highlights Include:
- Direct Visa®MasterCard® Interchange Pricing
- Transparent Commission Reporting
- Custom Leasing and Financing Products
- On-Going Sales Training for your Sales Agents
Contact our offices today to find out more about Banc Transactions sales organization programs.
- Credit Card Performance Metrics Show Signs of ‘Consumer Distress’Credit card performance metrics are showing signs of “consumer distress,â€� the Federal Reserve Bank of Philadelphia said Wednesday (April 9). Both the percentage of credit card accounts 90 days past due and the share of credit card accounts making the minimum payment reached the highest levels seen in the 12 years the Fed has been […]
- House Votes to Repeal CFPB Rule Covering Consumer Payment AppsThe House of Representatives passed a Congressional Review Act resolution Wednesday (April 9), overturning the Consumer Financial Protection Bureau’s (CFPB) rule, “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications.â€� The resolution (H.J.Res.64) says that Congress disapproves the rule and “such rule shall have no force or effect.â€� It passed in a […]
- Goldman Sachs Withdraws Recession Prediction After Trump Pauses TariffsGoldman Sachs Group economists reportedly issued a note predicting a recession due to new U.S. tariffs and then retracted that forecast a little over an hour later after President Donald Trump paused the reciprocal tariffs. This happened Wednesday (April 9) and reflected the challenges analysts and investors face in making decisions as the administration’s trade […]
- Hill Hearing Focuses on Regulatory Structure of Crypto and Digital Asset OversightSecurities laws need readjustment to account for some of the unique qualities of digital assets — and market structure legislation should pave the way for better oversight of those nascent offerings, attorneys and a crypto executive told a Capitol Hill hearing. The hearing, titled “American Innovation and the Future of Digital Assets Aligning the U.S. […]
- Publishers Clearing House Declares Bankruptcy, Aims to Focus on Digital AdvertisingPublishers Clearing House (PCH) said Wednesday (April 9) that it filed for Chapter 11 bankruptcy protection to shed the cost of its legacy businesses and focus on digital advertising-supported entertainment. The company plans to eliminate its direct mail and online retail shopping and subscription businesses but continue to award prizes to winners nationwide, it said […]
- Onset Financial Acquires Channel Forming One of the Largest Independent Equipment Finance LendersDraper, UT, and Minnetonka, MN (April 8, 2025) – Onset Financial, one of the nation’s fastest-growing independent equipment leasing companies, today announced it has acquired Channel and its subsidiaries, a premier provider of equipment finance and working capital solutions for small business. This strategic acquisition brings together two of the industry’s most innovative and financially […]
- Going All In: How Joe Sasson Saw the Opportunity of Being a Broker Early On“For me, the biggest approach to the industry that I took was honoring integrity and transparency to our clients more than anything else.” That’s what Joe Sasson, Chief Sales Officer at Advance Funds Network (AFN), attributes his success to in the small business finance industry. Sasson saw the vision and the potential of this business […]
- Fundfi Merchant Funding Expands Senior Credit Facility to Accelerate Growth in Revenue-Based FinancingNEW YORK, NY — April 7, 2025 — Fundfi Merchant Funding, a leading provider of revenue-based financing solutions for small and medium-sized businesses, today announced the successful expansion of its senior credit facility. This strategic financial move will enable Fundfi to increase its funding capacity and support more businesses across various industries. The expanded credit […]
- Will the CFPB’s Small Business Data Collection Rules Change?On April 3, the CFPB filed papers agreeing with the Revenue Based Finance Coalition’s (RBFC) request to stay the litigation between them over coverage of the Small Business Lending Rule. As it last stood, a federal court was leaning toward the CFPB’s side that the 888 pages of data collection rules should apply to MCAs […]
- Debt Relief Scammer Charged Criminally With Wire FraudEdward William Rennick III, a known debt relief scammer previously barred from the debt relief industry by the FTC, continued on with his scheme for years after the ban. He is now charged criminally with wire fraud conspiracy. According to the US Attorney for the Middle District of Florida, Rennick and others engaged in a […]