Finance

A community bank in New Jersey has raised millions in funding from Silicon Valley's star fintech venture capitalists.

Companies that provide services for brick and mortar merchants face the challenge of adding lots of technology in a short amount of time. This is a tough task from an execution space but a big opportunity to gain returns for investors.

Outgoing CEO Charles Scharf said the acquisition of Visa Europe is starting to pay off.

Coins uses blockchain and mobile technology to encourage financial inclusion in Asian economies.

Strong loan growth sparked higher third-quarter earnings at Synchrony Financial, the credit-card issuer that was spun off from General Electric.

PayPal Holdings Inc. said it will make more money in coming years than previously expected, easing concern that recent deals with credit card companies would suppress earnings.

Fifth Third Bancorp reported higher third-quarter profit on the termination of tax receivables from its Vantiv payments subsidiary and several other one-time items.

Amex posted third-quarter profit that beat analysts’ estimates and raised its full-year forecast for profitability.

SparkLabs and Global Ventures have invested $3.4 million in Pay By Group, which makes a white-label e-commerce tool for splitting costs.

Many startups have taken shots at traditional banking, but few have succeeded. However, there is plenty of promise in this model, according to investor Tim Young.

Thomas Depping, who quit banking out of frustration with regulators five years ago, says Warburg Pincus' deep pockets will help him make Ascentium Capital a household name among small-business borrowers.

A bipartisan group of House lawmakers on the financial services panel introduced legislation Wednesday that would help banks remotely open accounts.

Bank of Commerce in Sarasota, Fla., will change hands following a bankruptcy auction.

Technology Crossover Ventures sees a mashup of several hot financial technology trends in international payments gateway Payoneer, sparking its participation in a new $180 million round of capital.

Medallion Bank in New York has sold its asset-based lending division to an unnamed buyer.

Shiv Govindan at Pilgrims & Indians Capital has kept a relatively low profile as a bank investor. But two key board appointments at struggling community banks promise to make him a more visible player in the industry.

Revere Bank in Laurel, Md., has raised $31 million in a subordinated debt offering that it plans to use for M&A and other purposes.

The U.S. Supreme Court will take up a free-speech clash with big stakes for retailers and credit-card companies, agreeing to decide the fate of laws in 10 states that limit how merchants can describe the lower prices they charge for cash transactions.

First Internet Bancorp in Fishers, Ind., has issued $25 million in subordinated debt and intends to use the proceeds to support its rapid growth and perhaps for future acquisitions.

Amex has been given the court's blessing to deter merchants from steering consumers away from its pricier cards, raising questions for those pushing newer loyalty strategies.