Walmart

The Stamford, Conn., issuer of store credit cards has two potential options after the retail giant chose to partner with Capital One. But the decision over which path to take is out of its hands.

Synchrony Financial said its credit-card deal with Walmart won't be renewed and will expire next year. The largest issuer of store cards said Thursday that it's evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards.

About 15% of Walmart’s workforce is budgeting and taking pay advances through the app.

With Walmart reportedly weighing bids from Capital One alongside incumbent Synchrony Financial to handle its private-label credit card account, Synchrony's use of data and artificial intelligence are more important than ever.

The change in store card branding would be a big blow to Synchrony; “equivalence” with EU rules “falls far short” of U.S. banks’ hopes.

Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.

Comments by Federal Reserve Vice Chairman for Supervision Randal Quarles appeared to contrast with past statements by former officials about the controversial charter.

Considering Walmart spent the better part of a decade trying to establish its own bank, it comes as no surprise that the retail giant is aiming big with its latest financial service.

It’s not just hourly workers who struggle to make ends meet — many managers also often find themselves short on cash each month. To help employees cope, the retail chain is using a tool developed by the fintech Even to give them access to their wages before the next pay period.

Few lawmakers have stated positions on fintech applications for industrial loan company charters. It may not stay that way.