Working capital is the lifeblood of any business, ensuring that it can operate smoothly and meet its short-term obligations. It provides the essential funds to cover daily expenses such as payroll, inventory purchases, and utility bills, which keeps the business...
The Arvest Credit Card Division generated record spend volume in commercial payments during 2023, surpassing $1 billion for the second year in a row. Arvest Commercial Credit Card Payment Solutions provides various solutions that allow business customers throughout...
Arvest Commercial Credit Card Payment Solutions recently announced its 2022 growth. Its commercial payments portfolio includes purchasing card and ePayables customers and generated a total spend of over $1 billion last year—a 16.57% increase over 2021. “We are...
Do you have questions regarding your credit score? Understanding your credit can be difficult, but it is one of the most important things you can learn to set you up for financial success. To get answers for some of the questions that you may have about credit,...
Today in our credit series, we’re focusing on building or rebuilding your credit. Pay on time. Whether building, maintaining, or rebuilding, payment history is the single biggest factor impacting credit scores according to myfico.com. Try not to use too much of your...
Understanding your credit can be difficult, so we’re starting a series to break it down for you. First up, we’ll look at the five main factors that affect your credit score. Payment history affects your score the most, taking into account on-time payments,...
As you begin checking names off your list, it’s also a great time to make sure you’re using your credit card as effectively as possible this holiday season. You may find yourself swiping your card or using it for online shopping more than usual this time of year. By...
As a business owner, there are many moving parts that you are responsible for including the finances of your business. For this reason, using a business credit card can benefit you and keep your business purchases separate and organized while improving cash flow. A...
Your credit card and debit card function and look alike, but they provide different benefits. Credit cards work like a portable loan based on your credit line, which is a fixed amount you can borrow from the issuer and have access to repeatedly as you use and pay down...
Starting or building your credit can feel overwhelming but if you take the steps to start your credit journey the right way it will be very beneficial in the long run. Your credit report represents your history of borrowing money and includes the amount of debt you...
As business owners continue to look for ways to streamline their business and improve cash flow, they might consider a corporate credit card to help manage expenses. But, there are other commercial payment solutions that might provide even more benefits to business...
With thousands of new scams every year, it’s hard to keep up with all of them while running a business. As fraudsters find new and inventive ways, fraud protection is becoming more important and necessary. By incorporating these five tips into your daily merchant...
Arvest Bank is pleased to announce that Security BankCard Center is now Arvest Credit Card Division. Arvest has long offered credit cards under the subsidiary name of Security BankCard Center. Recently, the decision was made to rebrand Security BankCard Center as...
Vacation season will be here soon! Stretch your budget by choosing to drive vs fly; consider alternative housing options; and pack your own snacks and drinks. Find hidden and less expensive gems by asking the locals where they eat and enjoy entertainment – rather than...
Millennials, having lived through the Great Recession and saddled with student loan debt, are more reluctant than older age groups to acquire a credit card.
New data indicates businesses increasingly rely on credit cards. Despite years of slow economic growth, purchasing card spending has continued to expand.