Merchant

The company plans to shutter five locations, or roughly 12% of its network, next month.

Wells Fargo wants to use the real-time payments network being developed by the Federal Reserve for 24/7 liquidity management. The online-only First Internet Bank aims to use it to help customers manage their bills and cash flow.

The agency's new policy requires collectors seeking to evict tenants to provide written notice of their rights under a federal moratorium.

The surge in digital and cloud-based payments technology hasn’t killed off point-of-sale terminals; their role is simply changing, as cloud-based payment providers like Podium roll out their first hardware.

Amid success stories like Apple Pay, Google Pay and the Starbucks app, there are many wallet apps that failed to gain traction — or squandered it when they did. But there is a lot to learn from their experiences.

The Charlotte, N.C., company has shuttered 400 branches in the past year and intends to close nearly 500 more by early 2022. It’s also eliminating office space and reducing headcount as it aims to keep quarterly expenses under $3 billion.

The fintechs Nymbus and Segmint teamed up to translate the gibberish on bank statements into actionable data.

Net income was boosted by a $1.6 billion release of loan-loss reserves.

The fintechs Nymbus and Segmint teamed up to translate the gibberish on bank statements into actionable data.

When it was launched a year ago, the program was criticized for glitches and a focus on larger borrowers. Since then technical improvements have been made, smaller loans have been prioritized, and other changes favored by lenders have been implemented.