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Midwest BankCentre in St. Louis, with the help of a stable of fintechs, started Rising Bank to keep up with big banks in the hunt for deposits and millennial customers.

The House Financial Services Committee chair said in an open letter that she wants to empower bureau staff amid reports of low morale.

The chance of losing money on an integration with a service such as PayPal is extremely low, and you could achieve a double-digit reduction in cart abandonment, writes Chad Reid, a director at JotForm.

The agency recently proposed gutting the ability-to-pay standard in its small-dollar loan rule, a move that would benefit the payday loan industry and harm consumers.

Lynn Calvert will lead the institution on an interim basis after Robert E. Dempsey recently passed away.

E-commerce merchants with just a few employees that sell through Amazon or Walmart often fall through the cracks for traditional bank loans, but for Payoneer they're the sweet spot.

Former Managing Director Timothy Fletcher banished for role in referral hiring; Apple-Goldman collaboration shows banks fear missing out.

The information you need to start your day, from PaymentsSource and around the Web. Today: BMW and Daimler's mobile plans move ahead; Uber Eats sells Indian unit to Swiggy; Sberbank pushes P2P; Mastercard makes a clearing deal in China.

Payment crooks are behaving more like organized crime syndicates, and that's putting merchants, processors and banks on the defensive, argues Yossi Geller, a vice president at Paygilant.

These fintechs know how to have a good time. Novel employee benefits from the companies that made SourceMedia's 2019 list include cooking classes, weekly dance parties and free trips.