Fintech

Amazon is lending its considerable brand and heft to a cash payment model that borrows a vital piece of real estate from Apple Pay.

Live Oak Bancshares in North Carolina has hired Scott Custer to run its bank. Custer recently resigned as a consultant to F.N.B. Corp. in a move that took place days after F.N.B. bought Yadkin Financial, where he had been president and CEO.

There's been a lot of funding flowing into technology that targets the spending of Chinese travelers as they visit other countries. But this narrow use case isn't the only opportunity for investment and innovation.

Today, less than 10% of all gift cards sold in the U.S. are digital. That could start to change, as the industry's heavy hitters break down the walls between their plastic and digital gift card operations to spur global growth.

Chinese billionaire Jack Ma’s latest U.S. expansion plan is facing rising political obstacles.

Coast Capital Savings, Canada's biggest credit union by membership, plans to expand beyond British Columbia to challenge the dominance of the nation's banks.

In addition to 11.5 percent loan growth and membership rising at its fastest rate since 1987, membership at Michigan's CUs is growing faster than the state's population.

Scott Custer resigned as a director and paid consultant to F.N.B. days after the Pittsburgh company bought Yadkin to enter North Carolina.

The payments giant has made a lot of money issuing loans to online shoppers with blemished credit histories. But now it is looking to reduce its risks.

Australia's government says the country's large banks cannot collectively bargain with Apple over terms of support for Apple Pay, ending a public battle between Apple and the banks that has lasted at least a year.