Fintech

Two former officials were sentenced to five years each for falsifying travel expenses and lying to authorities.

Rather than jump headlong into a crowded P2P market, the team at startup ATCE Holdings instead saw a need to address the high costs of B2B payments — and singled out the agricultural industry as a good place to start.

The New Jersey company will pay $63 million for the parent of Victory State Bank.

The shift away from LIBOR won't take place until at least 2021, but there are steps credit unions can take to prepare now.

PNC Bank has made it more difficult for its customers to use Venmo, and although competition plays a role, the bigger issue is the expanding risks financial institutions face when sharing data with third parties.

The Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group.

U.K. all-in-one card firm Curve has launched an international no-fee transfer service called Curve Send that supports account-to-account remittances through its mobile app.

Tokyo-based credit card brand JCB faces a domestic battle to automate Japanese B2B payments that remain mired in old-school cash and paper, while it also tries to grow an international e-commerce network. It's a diverse set of challenges that have led the company to bring on a pair of technology partners.

The San Francisco-based Ripple, which launched in 2012, will use the funding to add personnel to its global organization and enrich its services that power payments using blockchain technology with its XRP platform.

Following a merger earlier this fall, McCone County FCU has unveiled its new name.