Fintech

Capital One Financial is the latest credit card issuer to release loss reserves because its loans have performed better than expected during the pandemic.

Flywire braced for disaster last year when the pandemic struck, with millions of foreign students canceling their academic plans indefinitely.

The card brand is betting on homebound consumers' eagerness to get out, but restrictions will need to ease. And corporate spending will take much longer to come back.

Intensifying competition from banks could persuade large credit unions — particularly those with more than $1 billion of assets — to join forces in 2021.

The card brand is betting on homebound consumers' eagerness to get out, but restrictions will need to ease. And corporate spending will take much longer to come back.

Small businesses still process a large number of transactions and can fall behind if there are delays, says Valtatech's Jussi Karjalainen.

New technological innovations, consumer behavior shifts, competition from fresh digital entrants, and regulatory reforms herald the payment environment of tomorrow. In addition, the current pandemic is pushing players to rethink their market fundamentals in an already transitioning industry. Join John Adams, Executive Editor of PaymentsSource and our special guest, Andrew Jamison a virtual card expert with twelve plus years at American Express and CEO & Co-Founder of Extend, in a discussion about the business strategy, management, and innovations in the post pandemic ecosystem and how it can serve the way the economy is headed.

Amerant Mortgage includes several former bankers from City National Bank of Florida in Miami.

Nitin Mhatre, who ran Webster's consumer and business banking operations, will become the company's third CEO in less than three years.

The Louisiana company has agreed for the second time to acquire Cheaha Financial Group in Alabama.