Fintech

Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so.

The U.S. card brands are already pushing Indian regulators to relax their data storage rules, and a new quirk in the country’s tax code creates a battle on an entirely different front.

Prepaid card and payments technology company InComm has acquired Meridian Loyalty, a full-service incentives business that caters to corporations.

Interest rates on CDs of six-months or longer have declined since a Federal Reserve meeting in June, according to Moebs Services.

Mastercard has closed its acquisition of cross-border payments provider Transfast, closing out a deal the card network announced in early March after dropping out of a bidding war with Visa for global payments company Earthport.

The Honolulu-based institution has doubled its loan portfolio over the past five years as its commercial lending has increased.

Merchant acquirer Credorax has engaged money transfer company Small World Financial and other partners to cover a broader mix of banking and payment acceptance available to the companies' European clients.

Sensing a profitable opportunity in an underserved market, a variety of companies — ranging from traditional banks to fintech startups and even Amazon — are rushing into selling secured credit cards and other products designed for consumers with poor or thin credit.

These programs are allowed in a majority of states, but only a small portion of credit unions offer them. That may change as the need for deposits grows and consumer expectations shift.

BBVA has formed a partnership with Uber enabling the ride-hailing company’s drivers and delivery workers in Mexico to establish a digital BBVA debit account through Uber’s app.