Dwolla

Some customer fraud and a lack of cooperation from partners Huntington Bank and Dwolla prevented Beam Financial from returning funds to savers, says Aaron Du, the fintech's CEO. He says he’s trying to make things right, but Huntington and Dwolla are taking the dispute to court.

Customers say the Beam savings app is down and the company isn't returning their money. The situation is putting third parties like Huntington and Dwolla in the firing line, though they say they're not at fault.

Some startups are eschewing San Francisco and New York to set up shop in the middle of America. And for good reason.

The Federal Reserve Board governor sketched out a future in which U.S. banks remain at the center of commercial transactions.