Fintech

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.

Members of Southwest Colorado Federal Credit Union in Durango have approved a deal that will see the $55 million-asset shop merge into Credit Union of Colorado.

The state has proposed a law to cap the interest rate on certain consumer loans, but nonbanks aim to skirt it by seeking a rent-a-charter.

The upstate New York company will gain branches in Rochester as part of its $35 million purchase of FSB Bancorp.

The company will pay about $58 million in cash for Melrose Bancorp.

Many large lenders pointed regulatory restrictions on their balance sheets and reduced risk appetite to explain why they stood on the sidelines during the September spike in overnight funding rates, according to a Federal Reserve survey of senior credit officers.

Five years after rebranding as a growth strategy, small Turbine FCU has been approved to merge into Durham, N.C.-based Self-Help Credit Union.

The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central bank.