Fintech

For Western Union and MoneyGram, the threat of digital payments must be transformed into an opportunity if either company is to survive.

It's not likely most lenders or credit card issuers would jump at the chance to give more money to a customer having trouble making payments. But for some borrowers, that may be the best solution to this problem.

The Mile High City has been disrupted by a number of big bank mergers, which could increase competitive pressures on CUs across the state.

Caving to pressure from lawmakers who recently cracked down on stores that eschew cash, Amazon has altered its business model to accept cash at its newest Amazon Go convenience stores and bookstores.

Using AI to verify receipts alleviates the need for auditors to aimlessly review every single receipt submitted within an expense report, says Travis Andrade, a senior product manager at AppZen.

More businesses are converting to electronic documents and management tools to streamline operations and cut costs, but those upgrades often skip the last part of that journey — how to accept B2B payments in a digital economy.

After quiet experiments, Citigroup is expanding perks designed for credit cards to encourage sales of other banking products.

Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.

A recent study shows credit unions are likely to be increasingly reliant on vendor partners if they want to maximize efficiency and security in the account-opening process.

More U.S. consumers are defaulting on their credit cards, but banks may be holding onto the riskiest loans instead of passing them off to investors, according to a report from Barclays.