Fintech

Mobile wallets and digital payments apps are erasing the distinction between credit and debit, but many issuers still cling to old practices that treat those audiences differently. SunTrust is working to change that.

DipJar’s mission when it launched in 2012 was to provide a simple, secure device for consumers with no cash in their pockets to leave a small tip for cashiers through a computerized tip jar. The company quickly learned that consumers wanted to be more generous.

With the deadline for a federal-debt-limit renewal nearly a month away, bankers are dreading the prospect of higher funding costs, strained liquidity, weaker commercial loan demand and other ramifications if Washington does not act.

The parent of State Bank in New Hampton has agreed to buy the holding company for Peoples Trust & Savings Bank.

Beverly Anderson, who had held the job on an interim basis since March, leads a unit that has been roiled by the bank's unauthorized-accounts scandal.

American Express Co. is selling its prepaid card technology to InComm Holdings as the largest U.S. credit-card issuer by purchases continues its shift away from down-market customers.

From preparing for the next recession and digital disruption to better planning and what millennials want, CUNA Mutual Group’s 2017 Online Discovery Conference covered a lot of ground.

Austin, Texas-based CU has seen growth in auto, mortgage and commercial lending.

Mobile wallets and digital payments apps are erasing the distinction between credit and debit, but many issuers still cling to old practices that treat those audiences differently. SunTrust is working to change that.

Landmark Bancorp in Manhattan, Kan., could lose more than $5 million — more than it earned in the first half of the year — if a recently discovered overdraft situation cannot be resolved.