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UnionPay customers can now transfer funds from Canada to China without fees through a partnership with Canadian bank CIBC.

The Financial Conduct Authority has given the green light to Geoswift, the Hong Kong-based cross-border payments company, to operate collection and settlement services between the U.K. and China.

The company has been producing solid loan growth in recent quarters.�@9@e

After more than two years of work on its real-time payments rail, The Clearing House senses it has the proper plumbing in place to make any new system hum. And the one thing it wants to make clear: This isn't your father's ACH.

Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to bring a 14 billion-pound ($17.2 billion) class-action lawsuit told a London court.

About $12 million of the proceeds will go toward exiting the Small Business Lending Fund.

The PSD2 rules go into effect in 2018, providing a new opportunity for financial technology companies to compete with banks. But there's also an opportunity for banks.

Higher lending for mortgages, construction and commercial real estate boosted Fulton Financial's profit.

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.

Bitcoin exchange and digital wallet provider Coinbase has received a virtual currency and money transmitter license — commonly known as a BitLicense — from the New York State Department of Financial Services.

The U.K.’s Competition and Markets Authority (CMA) is on the verge of announcing its decision in its regulatory review of Mastercard’s acquisition of VocaLink, the London-based agency said.

German car maker Daimler AG has acquired PayCash Europe SA as part of its plans for a broad range of new vehicle-related mobile payment services dubbed “Mercedes Pay," in the latest deal linking automobile manufacturers with payment providers.

The online payment service Alipay, an affiliate of Alibaba, is extending its collaboration with luxury travel retailer DFS Group as more Chinese citizens increase their travel frequency to overseas locations.

Letgo, an online marketplace for buying and selling used goods, said it raised $175 million to invest in growth plans and grab market share from EBay Inc. and Craigslist.

Asset quality remained solid as the Little Rock company improved loan-to-deposit, efficiency ratios last quarter following two major bank acquisitions.

The company sued the former director over the debt, which disqualified him from board service.

TNB Corp., which plans to offer deposits to institutional investors, would not have branches or retail deposits.

The company would prefer buying banks with $5 billion to $10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville.

The deal expands Post Oak’s existing operations around Houston

William Davis Jr. was the company’s CEO from 1996 to 2009