The Latest

The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon preps new Go stores; Chili's suffers a breach; Softbank mulls its next investment in India; Crypto for tax payments gains steam in Florida.

The credit union's inaugural Lending Analytics Competition challenged University of Central Florida grad students to develop predictive models that could better interpret data.

Freelance payment companies are taking advantage of the Trump administration's immigration policies, which are starting to drive more work to freelancers in the U.S. and overseas.

The open banking model is not very different from what Amazon brought about in retail. Banks have little choice but to embrace the concept, according to Nick Frankland, managing director of fintech at Legal and General.

JPMorgan Chase’s Thasunda Duckett is living her ancestors’ wildest dreams; Morgan Stanley could take a lesson from Citi on reining in rainmakers; and Jelena McWilliams faces tough choices at the FDIC. Plus, babysitting gets approved as a new type of campaign expense.

Beacon Community Bank, which opened in January, raised $34 million through a private placement.

Lenders are taking steps to reduce exposure to fluctuations in oil prices, including getting tougher in demanding that drillers use commodity hedges.

Recognizing members of the armed forces, helping out local nonprofits, celebrating women in the credit union movement and other ways CUs are giving back.