Daily Edition

Long after the pandemic is finally behind us, the many security and financial benefits owners, management companies and fans alike receive from having the technology in place will remain too invaluable to ignore, says Corsight's Rob Watts.

Daily edition for April 23, 2021.

Affirm's deal to buy Returnly emphasizes the need to simplify the process when a point-of-sale lender stands between the consumer and merchant.

Regulators recently eased field-of-membership rules to promote growth of federal credit unions. A handful of institutions are taking advantage of the changes to recruit more members, but some may find the process too cumbersome.

The company promoted Bob Fehlman to become its president and hired Jay Brogdon from Stephens Inc. to succeed Fehlman as chief financial officer.

Ken Meyer, who will speak at American Banker's Digital Banking AI & Automation conference next week, says banks should be able to quickly catch up with big technology companies and financial services upstarts in the adoption of artificial intelligence without alienating customers or running afoul of regulators.

The Georgia company agreed to pay $84 million for a bank with nine branches and $715 million of assets.

The deal would be Independent's sixth since 2015 and would continue a wave of consolidation among Boston-area banks.

The Portland, Ore., company has a simple growth plan: convert more Paycheck Protection Program borrowers into long-term customers.

The Ohio regional took advantage of an unexpected boost in interest income in the first quarter to upgrade its digital platform and recruit bankers in wealth management, capital markets and Small Business Administration lending.

Amazon.com is poised to bring its automated checkout technology to full-size supermarkets, a significant milestone in the race to revolutionize how people buy their groceries.

The agency will hold an exercise this summer related to emerging fraud risks and one board member suggested Congress should once again consider allowing the NCUA to oversee third-party vendors — a measure that would cost the regulator roughly $2 million a year.

The agency’s cases against David Julian, Claudia Russ Anderson and Paul McLinko, which allege culpability for the bank’s phony-accounts scandal, are scheduled to go to trial in September.

On its path to diversify beyond check printing, Deluxe has agreed to purchase Texas-based merchant services firm First American Payment Systems for $960 million.

More than 50 countries support Apple Pay, which launched seven years ago, but adoption still lags in certain developed regions including Israel, Mexico and South Africa.