Fintech

The bank-led P2P service Zelle is on track to move more than $100 billion at its first anniversary in June — a milestone that is at odds with overall consumer awareness of digital P2P options.

Wirecard has expanded capabilities of its boon digital payment app by partnering with Fitbit so customers in Europe may make contactless payments with the Fitbit Ionic or Fitbit Versa smartwatch models.

The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.

Fed vice chair wants to put stress test scenarios out for comment by banks; C&Is outstanding at record level in March.

The disparities, last-minute additions and disputes in a contractor's payment are giving the business gateway Qualpay a chance to use an invoice fixer as a differentiator in a market filled with payment companies that are morphing into general software sellers.

Two years ago, Marriott split its customers between two card issuers following its acquisition of Starwood Hotels. Rather than choose one over the other, the chain has challenged Amex to draw a clear line between its cobrand card and that issued by Chase.

Mastercard has hired Michael Froman, who was a top trade adviser to former President Obama, as the card brand’s vice chairman and president of strategic growth.

Gemalto is working with Lebanon-based areeba to test a biometric contactless Visa EMV card in the Middle East that uses a fingerprint to authorize transactions.

Contractor invoices are sent up a long string of approvals and payment is sent back down that long string before they are ultimately paid, writes Will Mitchell, co-founder and CEO of Contract Simply.

Instilling a love of books, providing financial education, rebuilding hurricane-damanged CUs and other ways credit unions are giving back.