Fintech

The fintech revolution is now touching almost every market in the payments space. Some are still further ahead than others, so expect 2018 to be a year of consolidation in more mature sectors, but one of rapid change in those with some catching up to do, writes David Yohe, vice president of marketing at BillingTree.

Thomas O’Brien made a series of aggressive cuts at Sun Bancorp in New Jersey before orchestrating its sale to OceanFirst.

When Kenneth Chenault, chief executive officer of American Express Co., steps down Thursday, the number of African-American CEOs in the Fortune 500 will drop to three, a 50% decline in the past two years.

In many instances, mass transit systems have proven to be catalysts for adoption of new payment technology, starting with the genesis of contactless cards for access to buses and trains in Hong Kong and Japan in the late 1990s.

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

The $323 million credit union's giveback was comprised of two parts: a 50 percent rebate on loan interest, as well as a bonus dividend on savings accounts.

Handle Financial’s online bill-payment service Prism has turned on a new feature enabling consumers to pay bills in real time from any of 11,000 U.S. billers via credit or debit cards, even when those options aren’t directly supported by the biller.

Helping members, celebrating milestones, providing aid and awarding scholarships — all part of the credit union commitment to giving back.

Despite millions spent on promotions and marketing for Apple Pay and other proprietary options from banks, mobile payments volume is still weak.

The increase was led by new car loans, which rose by 12.7 percent. Approximately 20 percent of the state's population are now credit union members.