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To date, Ant's Alipay has been comparable to PayPal, seldom venturing beyond payments. The financial products Alipay plans to pursue as it enters new markets put it more firmly in direct competition with mainstream banks.

The California bank has hired an outside firm to review its loans and will de-emphasize health care lending.

The Lompoc, Calif.-based CU is building a new main office in Santa Maria, Calif., after topping the $1 billion mark.

Merger will give PenFed a retail presence in the competitive San Diego marketplace.

Loans, deposits and revenue all rose solidly compared to a year earlier.

DeVan Ard will succeed William DeBerry when DeBerry retires in June.

Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.

With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line.

If underwriting standards at other lenders begin to fall, how will CUs respond?

The Massachusetts-based CU liked COCC’s cooperative business model.

Alipay's deal to buy MoneyGram for $880 million may be the centerpiece of its strategy to expand beyond China's borders, but it's not its first move in recent months. The Alibaba payments affiliate has already extended its reach in several other ways.

The company said it could use proceeds for repaying debt and acquisitions, among other things.

The merger will create a bank with more than $4 billion in assets.

Independent members of HopFed Bancorp's board sent a letter to Joseph Stilwell complaining that their largest investor had rebuffed several efforts by CEO John Peck to schedule a meeting.

The $8 million credit union’s single office will become a branch

Ant Financial, the company that operates Alipay, is buying MoneyGram for $880 million, its boldest move yet in a series of partnerships and investments that signal an international ambition.

Income from derivative fees climbs 47%.

The Las Vegas-based credit union made $4.8 million in the fourth quarter, and $14.9 million in 2016.

President Donald Trump's signing of an executive order Wednesday to push forward with plans for a "security wall" between the U.S. and Mexico has strong implications for how the plan will affect cross-border payments.

Boston-based Buildium, which provides a software platform for real estate property managers, has expanded its ePay online payment service to Canada, marking the first region outside the U.S. where Buildium supports electronic payments.