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To head off ethical concerns often raised by university-corporate partnerships, Bank of the West is not paying kickbacks for accounts. Instead it is cultivating student input and chipping in for scholarships, internships and emergency food assistance.

The banking industry had mostly good news in the FDIC's Quarterly Banking Profile, with higher profits helped by interest income. But there were worrying signs too, including a big jump in credit card chargeoffs.

Bryn Mawr Bank has launched a mutual fund at a time when heightened competition and regulatory oversight are the norm.

Payroc has introduced a mobile acceptance program leveraging iTransact, a Utah-based mobile payments technology firm it acquired last year.

Financial institutions increasingly depend on large tech companies such as Google and Apple for infrastructure, said the group that runs the World Economic Forum, stopping well short of recommending regulatory changes.

The Reserve Bank of India will continue incentivizing merchants and consumers to move away from cash following last year’s demonetization of 80% of bills in circulation, including extending terms of a cash-back promotion for merchants.

It is the largest equity investment that Clearinghouse CDFI has received in its two-decade history.

The National Association of Federally-Insured Credit Unions defended the credit union tax exemption and called for other financial reforms during a meeting Tuesday with Treasury Secretary Steven Mnuchin.

Contrary to the view of some, technology has not rendered the Community Reinvestment Act obsolete. But everyone seems to agree that it should be reformed.

Verifone will provide its full-scale payments-as-a-service platform to the Shufersal supermarket chain in Israel, allowing the stores to offer an omnichannel payment experience to customers.