Fintech

Offering 3% on purchases through its App Store, Apple hopes to make its competitors' phones a less-appealing option; a call for speeding up FedNow.

Credit unions across the pond are hopeful that they will be able to push their legislative priorities once Parliament is no longer preoccupied with Brexit.

The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom.

Expense management provider Bento for Business has launched its Bento Pay B2B payment app with partner Dwolla, which has specialized in B2B payments the past few years after initially operating mobile wallet and financial institution faster payment services.

VCs have been devoting more attention — and funding — to U.K.-based digital remittance providers such as TransferWise, Revolut, WorldRemit and their smaller rival Paysend.

The Michigan company will pay $68 million to expand in a high-priority market.

CIT Group will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.

E-commerce's dramatic expansion gives any merchant the opportunity to sell in any market. That leaves payment providers scrambling for an angle in a crowded market.