PNC Financial Services Ranks 300th in Trading Volume as it Launches New Payment Solution for Micro Businesses

On June 12, 2025, The's trading volume was 2.92 billion, a decrease of 35.64% from the previous day, ranking 300th in the day's stock market trading volume. PNC Financial Services (PNC) closed flat.

PNC Bank has introduced PNC Mobile Accept®, a new payment processing solution tailored for micro businesses processing under $300,000 in annual card transactions. This solution integrates seamlessly with the PNC Mobile Banking App, allowing business owners to accept credit and debit card payments through manual entry or a pocket-sized reader supporting tap, dip, or swipe transactions. Key features include tax-and-tip functionality, cardholder data encryption, and near real-time transaction tracking, with funds typically available within two business days. The pay-as-you-go solution requires no monthly fees and is available to PNC small business clients with active business checking accounts. The service, provided through PNC's subsidiary Tempus Technologies, aims to address the challenges micro businesses face with traditional payment solutions.

PNC's new Mobile Accept solution targets underserved micro-merchants with a zero monthly fee payment processing option, potentially growing its SMB market share. The integration directly within PNC's existing mobile banking app creates a unified financial management hub for small business owners, eliminating the need to juggle multiple platforms. This represents a clear competitive response to fintech disruptors like Square and PayPal who have captured significant market share in this segment. By offering both manual card entry and a physical card reader supporting tap, dip, and swipe transactions, PNC is ensuring flexibility for various merchant scenarios.

While the press release doesn't specify the per-transaction fee structure, this move positions PNC to potentially capture a larger share of the massive small business banking market by addressing the long tail of micro-merchants. The solution also strengthens customer retention by deepening relationships with existing business checking account holders, as the service requires an active PNC business account. This creates a strategic cross-selling opportunity while potentially reducing customer churn. The processing timeline of funds availability within two business days aligns with industry standards, neither exceeding nor falling behind competitive offerings.