Fintech

The Consumer Financial Protection Bureau settled a $1.1 million enforcement action on Monday with Xerox Business Services, alleging that its software misreported borrower information to credit reporting agencies.

Technology has sped up the ability to issue new plastic and boost activation times, but that doesn't mean the service is right for every credit union.

Carver Bancorp, which has spent 70 years serving minorities in Harlem and surrounding neighborhoods, is struggling to turn a profit. As black-run banks nationwide struggle to stay afloat, Carver's CEO insists the institution is on the right track.

Some of the most successful recent innovations in payments started with peer-to-peer services before evolving into other products, writes Amitaabh Malhotra, chief marketing officer at Omnyway.

Visa is digging deep into the question of whether transit fare payments can influence habits in other settings.

The credit union has agreed to buy State Bank of Georgia in Fayetteville.

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.

The company, which counts veteran banker Jay Sidhu among its investors, is selling to Ameris for $145 million in cash and stock.

The credit union has hosted its annual Business Summit for the last seven years, and the event continues to grow in popularity.

Facebook's introduction of mobile payments in the U.K. and France is accompanied by the complexity of having to adapt as Brexit unwinds the U.K. from the European Union.