Fintech

First Bank, based in New Jersey, will pay about $27 million for Bucks County Bank in a deal that is expected to close in the third quarter.

If the European Commission's revamped Payment Services Directive had a goal of enticing more innovation and, thus, more startups to enter financial services, Modulr Finance Ltd. CEO Myles Stephenson got the message.

Business-to-business payments network provider Viewpost will encourage more small and mid-size clients to convert to electronic payments through Visa virtual commercial cards.

The business-to-business payments market is one of the laggards in transaction automation, and a reason often given is the lack of customization options. Businesses are using consumer-style technology for business purposes, and the fit isn't right.

Creative growth strategies are helping banks with $10B to $50B of assets — including Webster and TCF — improve profitability. These ‘tweeners’ deal with tougher regulations than smaller competitors without the scale larger ones have to absorb the expense.

The Ollo card has the backing of former Citi CEO Vikram Pandit and several other big names in finance.

As multi-factor identification becomes the norm, biometrics can be one or more steps that consumers can easily execute.

Mastercard and Samsung India have partnered to roll out Samsung Pay to millions of customers of Indian banks.

Banks are asking Hong Kong property agents to stop accepting China-issued UnionPay cards, as mainland authorities escalate their crackdown on capital flows out of the country.

Technology never stands still, and even the most successful mobile wallets in the market need to keep pace with the needs of consumers and merchants. A few are making changes that position them for new markets and platforms in the near future.