Fintech

Citibank has joined a growing list of banks and vendors that have paid a stiff penalty for allegedly using deceptive marketing and billing tactics in selling credit card add-on products. It agreed to pay $770 million in fines and restitution charges, falling just short of a record fine issued last year.

Citigroup is facing $770 million in charges after two federal regulators said the megabank engaged in deceptive marketing and unfair billing practices related to its credit card add-on products.

Despite the doomsday predictions for banks and acquirers five years ago, the Durbin amendment hasn’t dramatically shaken up the business models of the payments industry.

First Data is looking to sell shares of its stock to address its "indebtedness," the company announced Monday.

Apriva and Globalcom Engineering will partner to provide EMV hardware to various U.S. markets with unattended payments acceptance devices.

M&T, PNC, SunTrust and other regionals reported strong fee growth thanks to inroads they have made in investment banking, wealth management and other areas. It couldn't have come at a better time for them.

Panelists focus on small credit union sustainability and growth at the combined America's CU and World Credit Union Conference. Topics included recruiting and retaining top talent, tackling technology, managing merger mania and the power of differentiation.

Meta Financial Group in Sioux Falls, S.D., has agreed to buy Fort Knox Financial Services, a software firm that helps independent tax firms process refund transfers.

"Smart Strategies for Growing Loan Portfolios" explores new ways credit unions can pump up their lending volume.

C-Spire is looking to increase the use of its self-service kiosks, so it's installing ones that borrow several design cues from Apple's handsets.