Fintech

Annual fees aren’t scaring customers away from American Express Co.’s credit cards. Roughly 70% of cardholders the lender added in the second quarter have premium, fee-paying cards, Chief Financial Officer Jeff Campbell told investors at a conference Tuesday in New York.

Stripe and JPMorgan Chase are firing rapid shots in their battle to win businesses, with faster payments as the centerpiece of their offerings.

When the former vice president and Massachusetts senator appear together in Houston, they could present two contrasting visions of financial policy within the presidential field.

A proposed combination of First Defiance and United Financial is designed to create an Ohio company that can better weather shocks from lower rates and economic uncertainty.

Donald Wetzel, the man who devised the first U.S. cash dispenser, says automated tellers will always exist — even as they evolve beyond their initial purpose.

M&T has skillfully used hedges, maintained an appropriate loan mix and resisted offering market-leading deposit rates, its chief financial officer said at a financial services conference.

MoneyGram has partnered with Visa to leverage debit push payments for P2P transfers in the U.S., with plans to eventually expand the service internationally.

For the third time in five months, the San Francisco bank made a downward revision Monday to its guidance on net interest income. An executive cited the impact of lower interest rates.

Brexit, the U.S.-China trade war, and warning signs of a recession are pressuring cross-border supply chains, accelerating the impetus to streamline payment processing for transactions that are still relatively large, recurring and paper-based.

The deal between First Defiance and United Community would create a $6 billion-asset bank.