Location Root Tag

As Erez Ben-Kiki and his wife tried to move her yoga business online — conducting classes via Zoom — they discovered that the process of monetizing such classes was surprisingly awkward. Ben-Kiki, CEO and co-founder of 2Key Network, spotted a gap in the market.

Stu Lubow, who succeeded Kenneth Mahon, gained more responsibilities. Mahon remains Dime's CEO.

About 78% of Mastercard’s European transactions are now contactless, and the company expects the shift in payment choice will be permanent.

Funds originally slated to assist credit union employees with attending conferences will now be used to help the state league put on virtual events.

The company will incur an upfront fee but will save $7 million a year by walking away from a deal with the Los Angeles Football Club.

A new program is intended to reach individuals without a fixed address or checking account more easily access COVID-19 relief funds — and hopefully keep those consumers as members.

The Dallas bank appears to be at a crossroads after its merger with Independent Bank Group was called off Tuesday.

The Toronto company also said it set aside 232 million this year for U.S. regulatory probes into the bank’s metals-trading practices and costs tied to the wind-down of that business.

The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme.

Texas Capital also said that Keith Cargill has stepped down as president and CEO.

The deal to combine Winslow Community Credit Union and Connected CU is expected to close July 1.

The Financial Conduct Authority is pushing for a review of fintechs that provide payment technology, out of concern that the coronavirus may be harming their financial performance.

The second-quarter jump in provisions may be three to four times higher than a year earlier and will be mostly for loans that have yet to go bad, analysts said.

A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.

Mastercard and Judopay have teamed up to enable mobile payments through The Pharmacy Centre.

British banks are confronting the European import of subzero interest rates that could damage profits already weakened by the coronavirus pandemic as the Brexit divorce rumbles toward its rocky end.

The Miramar, Fla.-based institution is spending $85,000 to help businesses as the economy begins reopening.

The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.

Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital.

The Baltimore-area credit union crossed the latest threshold despite a dip in net income during the first quarter as many organizations struggle with the coronavirus fallout.