Fintech

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.

The iBelong Campaign in the Keystone State marks two milestones: its 10th anniversary and seeing CU membership in Pennsylvania surpass 4 million.

Alliance Data Systems is developing a co-branded credit card and a private-label credit card program with Sweden-based Ikea’s U.S. furniture store operations.

The late-payment rate on loans frequently used to consolidate credit card debt hit its highest level in more than four years.

Consumers are on the cusp of a seismic change in our relationship with the automobile, one that will have significant implications for stakeholders in the banking and payments landscape.

Companies like Visa and Mastercard make decisions about security in secrecy, without enough input from banks and merchants.

The company tapped a new president for the business, which it will also rebrand, after hiring a team from Scottrade Bank in Missouri.

The Carson City-based credit union now has three wholly owned subsidiaries.

United will pay $130 million for NLFC Holdings, the parent company of Navitas Credit.

The milestone marks the end of a seven-year-long recovery in the credit card market that followed the Great Recession.