Fintech

Seneca-Cayuga Bancorp's capital levels have fallen steadily since peaking in 2013.

A surge in demand for home loans drove the increase, but the second quarter could see a slowdown in borrowing and more delinquencies as consumers contend with the economic fallout of the coronavirus pandemic.

TruStone Financial and Firefly Credit Union have announced plans to merge, pending regulatory approval and charter changes.

Discover Financial Services said Thomas Maheras will serve as its chairman after the death of Lawrence Weinbach.

Marriott International Inc. raised $920 million in cash through deals with co-branded credit card companies as it rides out the pause in travel due to the coronavirus.

Consumer remittance behaviors are being forced to change, with senders and recipients moving to mobile wallets, bank accounts, and cards. But many still want cash.

The Illinois company will sell Bates Cos. to an undisclosed buyer less than two years after buying the wealth management firm.

The Wisconsin regional said the funds will support loan growth and its dividend policy as well as create an added capital buffer.

Stay-at-home orders and business shutdowns have led to a sharp decline in consumer use of credit and debit cards.

The path away from cash and plastic was well underway before the pandemic, and will deeping during the crisis and beyond, says Paysafe's Daniel Kornitzer.