Finance

It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.

It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.

FIS is planning to follow the integration of its Worldpay acquisition by adding hundreds of new sales people to bring the combined companies' technology to a wider market.

PayPal saw account openings and payment volumes soar as the world shifted away from cash. And as economies reopen, PayPal must determine whether consumers will continue their aggressive use of digital payments — or return to their old habits.

The company hopes to someday return to 2019 levels of in-person money transfer activity, and its recent pact with Walmart is a big part of that strategy.

The $925 million deal would bring Zego's real estate management and payments software to Global Payments, which views real estate as a $6.5 billion market.

The purchases of Truck Insurance Specialists and Hometown Insurance are expected to help the company expand its dealings in transportation and agriculture.

Bank of America and JPMorgan Chase struck the first swaps trade tied to the Bloomberg Short Term Bank Yield index Friday, as Wall Street tests new benchmarks meant to help replace Libor.

The Texas company kept allowances steady, citing lingering concerns over the pandemic and commercial real estate. Yet it plans to open 25 offices in Dallas after a similar expansion in Houston drove asset and customer growth.

Days after Visa touted its crypto tech and settlement partnership with USD Coin, Mastercard showcased its work with the Central Bank of the Bahamas and supporting innovation such as digital ID.

Days after Visa touted its crypto tech and settlement partnership with USD Coin, Mastercard showcased its work with the Central Bank of the Bahamas and supporting innovation such as digital ID.

CEO Mark Zuckerburg acknowledged the need to simplify the company's payment experience, particularly for virtual reality.

The company, which recently acquired Radius Bancorp, still expects to lose at least $142 million this year and CEO Scott Sanborn did not provide a timeline for profitability. “We’re building this business for the long term,” he said.

Democratic senators seek to block the "true lender" regulation, which they say lets national banks sell loans to lenders who then avoid state usury caps. Republicans say overturning the rule would restrict access to credit.

The Consumer Financial Protection Bureau has moved ahead with an earlier proposal to postpone the full adoption of the qualified-mortgage ability-to-repay rule, citing a need to maximize borrowers' credit access.

CEO Al Kelly sees strong potential in central bank digital currencies and other virtual assets.

The community banks join a growing list of banking companies closing locations as customer preferences shift to digital channels.

CEO Al Kelly sees strong potential in central bank digital currencies and other virtual assets.

The tech vendor allows merchants using the Clover point-of-sale platform to accept PayPal and Venmo payments, a move that serves the company's continuing focus on full omnichannel experiences for its merchants.

Deposits keep flooding in, mortgage lending shows signs of cooling, and bankers can’t agree on when commercial lending will rebound. Here’s what we learned from first-quarter results.