Credit card giants Visa and American Express both pitched new programs this week in making new plays for small businesses.
Visa announced the launch of a service on Thursday intended to provide small businesses with more loans and services, while Amex said it will introduce a pay-over-time option for small business owners in the UK.
In separate news releases on Thursday, both companies boasted that they are committed to the success of mom-and-pop stores. “We’re connecting Visa’s products and in-house knowledge with the expertise of our clients and partners to provide small businesses with flexible financing,” Kim Lawrence, Visa’s regional president of North America, said in the company’s press release.