Fintech

Issuers have started adding metal to their credit cards; banks have been “slow” to add diversity in executive ranks, filings suggest.

Denise Leleux has worked in financial services for more than two decades, but it’s a detour to Tesla’s marketing department that sparked an idea as to how accounts receivable and supply billing can take lessons from the transportation market.

In theory, the beauty of e-commerce is that a merchant can court any shopper in any part of the world with an internet connection. In practice, attracting a shopper and providing them with the customer experience they expect will look different in every country, says Lee Clifton of JP Morgan Merchant Services.

The company will pay $122 million for six branches and nearly $1 billion in assets.

While digital channels are becoming more popular, many banks remain committed to highway advertising.

American shoppers were quick off their marks early in the holiday-shopping season as retailers rang up the best sales increase since 2013, led by online purchases, according to a BofA Merrill Lynch Global Research report.

The year 2019 kicked off with a series of mutli-billion-dollar mergers and acquisitions designed to shake up the dynamics of the payments industry. While this was taking place, Elavon had its own plan for extending its influence through M&A.

The Albany-based credit union has picked up tiny City of Schenectady Employees FCU, which has struggled with profitability issues for years.

The regulator says the bank needs to address employee complaints and pay controls; the presidential hopeful would make it more difficult for banks to combine.

Large banks’ embrace of PSD2-influenced open banking has often been reluctant. Not so for Citigroup.