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Technology companies like Square and Stripe have nimbly captured small-business share from banks that often overlooked the segment. Royal Bank of Canada is trying to respond through a mix of merchant services, tied to the national debit system and incentive marketing.
October 17 -
Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries.
October 16 -
The accounting board delayed implementation for the majority of banks and credit unions until 2023.
October 16 -
The deal will create a nearly $500 million-asset bank.
October 16 -
Vocalink beat out four other competing bids to secure a 10-year contract to provide real-time switching and settlements for U.K. ATM operator Link Scheme.
October 16 -
Northern California utility company PG&E recently shut off power to more than 2 million consumers, meaning some insitutions had to move quickly to minimize the outages' impact on operations.
October 16 -
The application for Riverside Bank of Dublin comes just six months after another group opened a bank in a nearby market.
October 16 -
Prosecutors allege that Sylvia Ash, a judge in Brooklyn, N.Y., helped Kam Wong, the former CEO of Municipal, cover up his fraud scheme.
October 16 -
At a national level, loan growth has been on the decline for months and could still get worse. Here's how some credit unions are tackling the issue.
October 16 -
Even the homeless are getting on board with contactless payments, through a new U.K. wide initiative between Swedish payments company iZettle and the Big Issue Foundation, which enables homeless people to become street vendors by selling its its Big Issue magazines.
October 16 -
The acquisition of Farmers & Merchants Bank created a bank with more than $200 million in assets.
October 15 -
The Massachusetts-based institution, which will forgive more than $750,000 in fees, is the latest to come to an agreement regarding overdraft claims.
October 15 -
A law signed last week by Democratic Gov. Gavin Newsom caps interest rates on installment loans. But three large lenders are looking to avoid its restrictions by partnering with banks.
October 15 -
The tiny Monarch Federal Credit Union joined Firefighters & Company FCU in order to offer its 1,000 members a wider range of products.
October 15 -
South Africa’s payments industry wants to displace cash by enhancing its B2B-focused digital payment system to add instant low-value mobile P2P transactions.
October 15 -
One Wisconsin credit union's foray into a community of just 2,500 people has been a success, and it could be a template for other institutions to follow.
October 15 -
The deal was announced in August and would have created a $1.3 billion-asset institution.
October 11 -
As apps like Uber and Lyft gain more traction, the need for new cars — and loans — is expected to diminish.
October 11 -
Rapid-fire acquisitions, partnerships and investments in the likes of Uber, Lyft and Grab are transforming these ride-sharing providers. And much of this activity is built on their ability to handle payments seamlessly as part of the experience.
October 11 -
Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.
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