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The merchant cash advance is considered the payday loan for many in the small business lending market 鈥?and thats not necessarily a good thing. While designed to connect small business owners to quick capital for a boost to their cash flow, the MCA has earned a reputation for some predatory behavior, like sky-high interest rates and fees.Regulators have taken note. In May, the Federal Trade Commission launched an investigation into the MCA industry and allegations of its unfair lending practices. At the time, The Washington Post said the probe represented an unprecedented level of government attention on a sector that has, until now, evaded regulatory scrutiny for operating outside of consumer protection rules.For any new market player, combatting the reputation of the MCA can be a challenge. This week, MO Technologies announced that it would step into the space with the debut of M <a href=https://www.cups-stanley.uk>stanley cup O Instant Cash, a solution connecting small businesses to short-term cash advances for anything from updating equipment to making payroll.Farid Shidfar, Managing Partner of Mo Technologies North America, is well-versed on the reputational challenges of this sector, telling PYMNTS that there are players in the space that are forcing small businesses to take on a longer loan period and stanley termoska pay higher rates. With the traditional cash ad gourde stanley vance, we see APR numbers in the triple digits, he said in a recent interview.In order to lower those rates, MO Instant Cash has nixed any reliance on borrowers to prov Yoix TD Bank Suffers Outage; Says Security Not An Issue
FedEx announced news on Monday March 26 that it has reserved 20 Tesla semi-trucks, the fully electric trucks that are slated for production in 2019.In a press release, FedEx said the fleet will be operated by FedEx Freight. FedEx has a long history of innovation and incorporating sustainability efforts throughou <a href=https://www.stanley-cup.us>stanley mugs t its global network, said FedEx Freight President and CEO Mike Ducker. Our investment in these trucks is part of our commitment to improving road safety while also reducing our environmental impact. According to FedEx, Tesla said the new rig will deliver a better experience for truck drivers while increasing safety and significantly reducing the cost of cargo transport. Teslas advanced technologies, such as surround cameras and onboard sensors, will help聽aid in avoiding聽objects while also enabling enhanced autopilot聽for automatic聽emergency braking, automatic lane keeping and lane departure warnings. Tesla also claims electric energy cost-savings that are half that of diesel, noting that since 2008 it has saved more than 158 million gallons of gas by replacing vehi kubki stanley cles with more efficient models and making greater use of electric vehicles, fuel cells, natural gas, hybrids and clean truck technologies.Fed stanley termoska Ex isnt the only company gearing up to use Teslas new trucks when they roll out. In November,聽Walmart announced plans to test-run the recently previewed, soon-to-be-released vehicles. Five of the preordered trucks will service Walmart U.S.; 10 will service Walmart i