Category: Small Business
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Small Business
Wage Growth Among Small Businesses Hit Record High October
by Fioney Staff
Slowly but surely, the United States is adding back jobs that were lost at the start of the pandemic. At the same time, several businesses have reported being unable to fill open positions, leading some to increase compensation. Now, the latest Paychex IHS Markit Small Business Employment Watch figures show that wage growth is continuing to accelerate. According to the report, hourly earnings hit an average of $29.77. That marks... Small Business
American Express Launches Business Checking Account, Debit Card
by Fioney Staff
After years of proving to be a small business ally, American Express has announced a new offering for business owners. This week, Amex introduced its Business Checking account aimed at small and mid-sized businesses. While the offering will connect with existing Amex Business Credit Cards, it will also include a Business Debit Card — the first ever issued by American Express in the United States. In terms of benefits, the... Small Business
American Express Revamps Platinum Business Card, Hikes Annual Fee
by Fioney Staff
Earlier this year, American Express updated its iconic Platinum Card, adding new benefits while also increasing the annual fee. Now, it's the Business version of the card's turn for a refresh. Recently, Amex announced a new slate of perks for Business Platinum, including new rewards categories, credits, and more. The first update to the Business Platinum comes to its Membership Rewards earning potential. In addition to earning 1.5x points on... Small Business
DoorDash, Hello Alice Introduce Restaurant Disaster Relief Fund
by Fioney Staff
Over the past year, independent restaurants have not only had to endure the effects of the pandemic but some have also experienced losses due to natural disasters. From wildfires in California to flooding in Louisiana, several small businesses have continued to be challenged by Mother Nature. In response, DoorDash and Hello Alice have introduced the Restaurant Disaster Relief Fund. According to Federal Emergency Management Agency (FEMA) data, 40% of small... Small Business
Chase and Hyatt Introduce New Business Credit Card
by Fioney Staff
Small business owners who are also fans of Hyatt got some good news this morning. Today, Chase and Hyatt announced the launch of the World of Hyatt Business Credit Card. The new card does carry a $199 annual fee but comes with a number of benefits for business owners. Looking at the perks, the first is that cardholders will enjoy automatic Discoverist status with World of Hyatt. Additionally, customers will... Small Business
Slice Commits Additional $15 Million to Small Business Pizza Shops
by Fioney Staff
Entrepreneurs with a passion for pizza may be interested in what one digital platform is serving up for small restaurants. Last year, Slice — a platform used to help independent restaurants manage digital sales — launched its Slice Accelerate program. This accelerator grants selected participant pizzerias with $15,000 worth of technology and services along with entrepreneurial mentorship and other benefits. Now, Slice has announced that it's committing an additional $15 million to the program.... Small Business
Amex Partners with Extend to Offer Small Businesses Virtual Cards
by Fioney Staff
There's no question that the payments landscape has evolved greatly in just the past few years. In addition to the growing popularity of mobile and contactless payments, another technology that started to catch on is virtual cards. These uniquely generated cards can be used for one-time purchases, subscriptions, or just about anything else. Now, American Express is making virtual cards more readily available to small business owners in the United...