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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

The company had been operating for years under a licensing agreement with the San Francisco banking giant.

The California bank, grappling with credit-quality issues, did not say when – or if – a successor will be named

Montreal-based Acceo Solutions Inc. and Mastercard have formed a new partnership to expand Acceo’s in-store payment offering for global e-commerce merchants.

Axis Bank, one of India’s largest private-sector financial institutions, has reportedly become the first bank in the country to partner with Ripple for a blockchain-powered approach to cross-border payment.

First Internet Bancorp is the latest institution to enter the business or to significantly expand operations.