Merchant

The top Republican and Democrat on the Senate Banking Committee are asking for stakeholders to weigh in on data collection issues as lawmakers consider legislative responses to recent breaches.

The emails were disguised as being sent from BSA executives at other institutions and claimed that a member’s transfer was halted due to suspected money laundering.

With the opportunities provided by contributions, metered paywalls and single article purchases, we have a wealth of solutions already at our fingertips, argues Cosmin Ene, CEO of LaterPay.

Pentagon Federal Credit Union, JPMorgan Chase, Capital One, Citigroup and a handful of others have pumped more than 100 million contactless credit and debit cards altogether into the U.S. market recently, but it’s a drop in the bucket in the world’s largest card market.

The installment loan provider Splitit, which recently raised A$12 million on the Australian Securities Exchange to fund its Asia-Pacific expansion, faces strong competition from Australian incumbents — and the prospect of stiffer regulation.

The Salt Lake City company, which connects small-business owners with lenders like JPMorgan and BofA, plans to use the funds to expand its partnerships and customer base.

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

The agency's update is good news for banks digesting data suggesting that nonbanks cut into their share of small-business loans during the partial government shutdown.

The online small-business lender reported record loan originations in the fourth quarter, but its CEO is warning that loan growth could slow in 2019.

It took some time to get there, but mobile wallets may have finally found their niche — boosted more by e-commerce than by the point of sale systems they were designed for.