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Nanopay is planning to add bank, processor and accounting software partners for a B2B cross-border and domestic transfer service which it says exceeds the performance of blockchain-based systems.
July 9 -
A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.
July 6 -
Credit unions have seen massive gains in auto lending in recent years, but one analyst fears CUs may be too focused on that and losing share of wallet elsewhere as a result.
July 6 -
Provident Financial said it increased its allowance against a commercial loan after discovering that the borrower overstated the value of its collateral.
July 6 -
Credit unions in the Cornhusker State held the top two spots in a survey from Forbes and Statista, a marketing research firm.
July 6 -
While sellers in urban centers are getting a lot of attention from acquirers, Southern Bancorp in Arkansas shows the upside of pursuing smaller deals in underserved rural markets.
July 6 -
A new malicious spam campaign that has been targeting Internet users in the U.K. serves as an important example of how banking malware targets business as well as home users.
July 6 -
Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman.
July 6 -
Mark Herter has been with the credit union since 1985 and will be succeeded as CEO by current president Laura Campbell.
July 6 -
BluCurrent CU launched video banking in 2012 in the hope new technology would be cheaper long-term than additional staffing, and the credit union has seen strong growth as a result.
July 5
BluCurrent CU -
The GDPR doesn’t mandate how data requests should be made, but it does say that organizations handling personal data should be prepared to handle the requests. One would be right to wonder whether companies are as prepared as they should be.
July 5 -
This week's ruling from a U.K. appeals court is the latest of many episodes in a battle between merchants and card brands that has influenced regulations, technology, market strategies and nearly all other aspects of the payments ecosystem.
July 5 -
JPMorgan Chase, which employs about 10,000 people in London, has asked "several dozen" employees to relocate across the European Union before the U.K. formally leaves the bloc in March next year.
July 5 -
The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering.
July 5 -
Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.
July 5 -
Guy Gentile ran a stock brokerage. He spent years running sting operations as an FBI informant. Then, after he was arrested anyway, he beat the charges. Now his plan for his next act — opening a bank in Puerto Rico — is hitting a snag.
July 5 -
Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation.
July 5 -
More than three decades after American flags stopped being placed at headstones at Fort Snelling National Cemetery, one Twin Cities-area credit union brought the flags back – for more than 200,000 gravesites.
July 5 -
A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages.
July 5 -
Current CEO Bill Butler will retire in June 2020, at which time COO Christy O’Connell will take the helm.
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