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MoneyGram will offer a service for the conversion of digital currency into cash at its retail locations in the U.S. through a partnership with cryptocurrency exchange Coinme.

The software-as-a-service platform eliminates manual collection of outstanding invoices, and also predicts when a customer is likely to pay, based on past payment habits.

The Denver company, which has branches in El Paso, will gain more locations in cities such as Dallas and Austin with the pending purchase.

As profit margins shrink, Rocket and UWM expect to make it up on greater volume; the program would put the auctioneer in competition with traditional lenders and its former unit, PayPal.

A Federal Reserve proposal that would require banks to give merchants more choices in routing certain debit transactions could be a prelude to a more consequential change: a lower cap on interchange fees for banks with more than $10 billion of assets.

The urgency to streamline processes during the pandemic accentuated how digitization can also drive diversity, fairness and better environmental outcomes, says Microsoft’s Bill Borden.

Legacy vendors are competing more aggressively to modernize payroll, insurance payouts and data sharing.

Three Republicans joined Senate Democrats in voting to overturn a rule issued by the Office of the Comptroller of the Currency that makes it easier for national banks to sell loans to nonbanks. A companion resolution has been introduced in the House.

Collectors are mulling a procedural overhaul after a three-judge panel said the practice of using vendors to inform consumers about outstanding debts is illegal. The case may also complicate the CFPB's upcoming rule on electronic messaging.

Citigroup Chief Executive Jane Fraser said she’s “very bullish” on the immediate outlook for the U.S. economy, and the banking giant is still planning to add more branches around the country.