Fintech

The retailer is ending its nearly two-decade credit card relationship with Synchrony Financial; Mulvaney says the bureau will first negotiate, not sue, to settle disputes.

The credit union plans to retain all employees of Oculina Bank, whose CEO says the merger will allow Oculina branches to provide more products and services.

The person-to-person network also saw $28 billion in payments in the quarter and it added more bank members.

A smaller tax bill and a double-digit growth in card loans offset weakening credit quality at the Riverwoods, Ill., company.

Synchrony Financial said its credit-card deal with Walmart won't be renewed and will expire next year. The largest issuer of store cards said Thursday that it's evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards.

Richwood Bancshares will get closer to $1 billion in assets after it buys Home City Financial.

Stripe Inc., a startup that lets businesses and websites easily accept money online, now wants to help them spend it by introducing a new product: credit cards.

Flywire has raised $100 million in new venture capital to continue expanding its B2B cross-border payments platform beyond educational institutions to more corporations.

Zelle, the bank-owned P2P network operated by Early Warning, saw an 11% increase in payments volume during the second quarter from the previous quarter as it gradually adds financial institutions to its network.

The jewel in PayPal's crown — Venmo — has lost some of its shine.