Fintech

A new payment company is addressing what it sees as a gap in young people's knowledge about how their purchases can impact their future financial health.

Issuers and other organizations accept a nominal level of money laundering. Machine learning and artificial intelligence can improve that.

Payments volume and cross-border business helped drive the strong performance.

The deal is the latest coastal acquisition for United Community. For HCSB, the sale is the final chapter in a turnaround that began 13 months earlier.

One of Australia’s largest banks, Westpac, is the first of the country’s biggest four banks to adopt Samsung Pay, expanding customers’ contactless mobile payment options.

The Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital.

Indianapolis-based CU has operated an insurance CUSO since 2004.

The company has hired an investment bank to help it consider strategic alternatives, which could also include recapitalizing.

American Express responded to the stresses from the decline in cobrand business with record ad spending and a focus on digital delivery to lure new customers and expand relationships with existing accounts.

Contrary to many third-party payment providers' practice of pushing customers to lower-cost payment rails, Regalii wants its end users to pay their bills with credit cards. The goal of this arrangement is, of course, to make money for banks.