Fintech

The Lutherville, Md.-based credit union returned $1.25 million to members in the first half of the year, on the heels of a $2M payout last year.

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.

Swift is building out its Global Payments Innovation (GPI) service to allow corporations to initiate and track payments across all of their banking partners from a single source.

The institution was formerly known as SF Police CU but can now serve law enforcement officers statewide.

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.

Banks can fine-tune their apps so the customer doesn't give up halfway through a cumbersome sign-up process.

While senders prefer mobile devices, recipients remain stubbornly attached to receiving cash.

The Connecticut company, which will top that asset milestone when it buys United Financial, says it could acquire more banks in coming months.

Finix, a startup offering tools for businesses to develop their own payments technology, has raised $17.5 million in Series A funding from investors that include Bain Capital and Visa.

The Georgia regional plans to open more branches in the state as it looks to loan growth and fees as a way to offset intense competition for deposits.