Weekly Insights from Sol Berkoff
Principal at Charleston Capital, Inc.

With today’s technology, even small merchants can afford sophisticated payment processing.

We have moved with amazing speed from an economy that pays with paper to one that pays with plastic.  

As recently as 2005, most payments were still made with paper.  Payments via debit and credit card have blossomed while payments via check have shriveled. 

For a representation of this change, see the graphic below from a recent JP Morgan report.


Source: JP Morgan

At CCM, we see the digital payments revolution as giving small businesses the data they need to make the case for better funding.

Electronic payments are easy to track.  They are much easier to analyze and reconcile. 

Credit starved small businesses can now point to an electronic trail for investors to follow.

We no longer have to follow a paper trail.