Fintech

In seeking to eliminate manual back-office payment processes for long-term health care and social service providers, AvidXchange says it is launching new software to steer providers to digital accounting and B2B e-payments — and eliminate paper checks.

On Jun. 30, 2019. Dollars in thousands.

Usage of mobile and online banking services continues to rapidly expand. Here's how credit unions can help members understand the value these sevices offer.

Santander Consumer is planning to attract online deposits via a national platform that could rival Goldman Sachs’s Marcus; HSBC is now in retrenchment mode after aiming for growth.

Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.

Mastercard is testing two new bill payment services, with an eye on improving speed for consumers and businesses.

Count Citizens Financial’s Bruce Van Saun among those who think interest rate cuts could halt by mid-2020. The key, he says, is to focus on delivering services customers are willing to pay fees for and to skillfully reprice deposits until then.

PayPal’s latest move to jolt Venmo’s revenue is a co-branded credit card developed with Synchrony — something that challenger banks and fintechs may rush to compete against.

U.S. Bank wants to disrupt the way consumers pay their bills by offering billers a new platform fit for faster payment rails, new messaging formats and digital assistants.

PSCU also found in its second-annual payments study that Americans were turning to debit cards over credit cards.