Fintech

America’s largest lenders made an epic mistake a decade ago when they cashed out of Visa and Mastercard through initial public offerings, says Chenault, who will step down in February as CEO of American Express.

Fleet card producer WEX will provide 25,000 fleet cards for Verizon’s field force via a three-year contract.

The payment contract extensions call on both Chase and Amex to offer new products for consumers and businesses.

Sen. Elizabeth Warren, D-Mass., was the only member of the Senate Banking Committee to oppose the nomination of Federal Reserve Board Gov. Jerome Powell to lead the central bank.

The two tiny credit unions merged with the $313 million Pelican State on Nov. 1 and Dec. 1 of this year.

The company agreed to buy TCSB Bancorp, the parent of Traverse City State Bank, for $63 million.

After nearly two years since the news broke of its plans to launch its own digital wallet, Target has finally launched Target Wallet, joining the myriad retailers that have gone with their own proprietary mobile payment solution.

PayPal wants to integrate TIO's bill payment customers into PayPal's network, but a data breach has that goal on hold.

If CVS acts quickly and truly pushes synergies between its retail and insurance businesses, there is time for the company to establish a unique value proposition in reshaping the pharmacy experience.

The returns were part of the credit union's "Ent Extras" rewards program.