Fintech

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.

Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers.

The industry's dominant growth strategy of 2019 was a hot topic during a House Financial Services Committee hearing.

'Why fix what isn't broken?' is the wrong question for AP automation, where manual processes are adding labor and costs, says Nvoicepay's Ron Nachmann.

Paytm and Walmart are each offering credit in India to obtain a competitive advantage in an environment that's typically more welcoming than that of China.

Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020.