Fintech

After bringing in a new leader and overhauling its board, Freedom Bank in northern Virginia is looking at digital upgrades and expansion into new markets to stay relevant.

Taking a cue from his previous success in commercial cash checking services, Conext CEO Michael Casalini hopes a Venmo-style mobile app that supports a quick conversion of checks to digital money can attract small businesses.

Entrepreneurship among veterans has been declining over the past 20 years, according to a report by the SBA and the New York Fed.

The ploys vary widely—digital tracking, fee incentives and "coopetition"—but banks are turning up the volume on innovation to pry businesses away from checks and keep them from signing up with rival tech startups.

Users are not only more rational in their choice of card, but they are also investing time and effort to find ways to maximize their return from reward points, according to Simon-Kucher & Partners’ Wei Ke and Wenbo Li.

Rich Karlgaard, who has spent 20 years at Forbes, shared insights into trends and best practices for credit unions

Entrepreneurship among veterans has been declining over the past 20 years, according to a report by the SBA and the New York Fed.

American Express' progress with local officials in China regarding card payments provides a potential early advantage against rivals like Mastercard and Visa. But building a market in China has never been easy for a global card brand.

PNC is piloting IDEMIA’s motion code card which offers a dynamic CVV2 security code for its commercial clients in an effort to combat card not present fraud.

To make commercial cards more viable, stakeholders in the B2B payments ecosystem need to break down traditional constructs and dynamically price card transactions so that they complement the commercial relationship between buyers and supplier, according to Dean Leavitt, CEO of Boost Payment Systems.