Americas

B2B payments have long lagged consumer transactions in adopting new technology, but fintechs have recently increased automation in an attempt to reduce manual and paper-based processing.

Northern Credit Union in New York has shed its federal charter, while Gale CU in Illinois has converted to a community charter.

The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York.

MLB legend Cal Ripken Jr. told a credit union audience what it takes to succeed – and break a few records in the process.

Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial.

Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.

The Austin-based credit union serves seven counties in Central Texas.

The U.S. companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.4 percent on cardThe new rate takes effect in 2020 and runs for five years. The government estimated that small and medium-sized businesses could save C$25,000 over the period.

Huntington Bancshares is acquiring Hutchinson Shockey as both look to broaden their public finance reach.

The Chicago-based Hutchinson, Shockey, Erley & Co. focuses exclusively on municipal securities.