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The markets and the Fed are not on the same page about the future of inflation. Luke Tilley Senior Vice President and Chief Economist at Wilmington Trust will discuss the economy and inflation.

Brian Mauntel, who previously served as president of Heartland Bank in Ohio, will join Citizens Business Bank in late April.

The unfortunate reality for merchants and their customers is that swipe fees have continued to increase because the payment card market is broken, says payments consultant Mark Horwedel.

The location will replace traditional menus with self-serve kiosks and feature order-ahead pickup cubbies, allowing customers to walk in, grab their food and go.

Gap and Synchrony Financial are parting ways after they couldn’t reach an agreement to renew their longstanding card partnership.

The move is the latest by the Swiss bank following $4.7 billion of losses in the Archegos debacle; bitcoin ETFs move forward, but HSBC bans trading in firm linked to digital currencies.

Call center data security and compliance provider Semafone has entered a global reseller partnership with cloud-based communications company Avaya to help secure \work-from-anywhere call center models.

Invoiced is working with with the Mastercard Track Business Payment Service, the open-loop network that supports a vast network and business directory of buyers and suppliers.

While U.S. regulators pressure Visa and Mastercard, there's ample choice, particularly when compared to the national debit rails that exist in most of the world, says Intrepid Ventures' Eric Grover.

Daily edition for April 13, 2021.

As Fincen implements an anti-money-laundering law requiring businesses to add their beneficial owners to a new database, bankers worry they'll still be on the hook to provide that information on behalf of customers for some time.

As more states legalize online gambling, the credit union is preventing members from using their credit and debit cards on those sites. Others could follow its lead.

The Wisconsin company is paying $248 million for Mackinac, which has $1.5 billion of assets and $1.3 billion of deposits.

The Mississippi company has never done a deal this large. But buying Houston-based Cadence would take it into high-growth markets and reduce both companies' concentrations in sectors such as energy, dining and hospitality.

The special-purpose bank, licensed by the state of Wyoming, has drawn the support of investors and some policymakers. But banking groups say the digital assets that underlie its business model are highly volatile.

The central bank should consider using a tool requiring higher capital amounts when times are good rather than offering temporary regulatory relief in a downturn, said Boston Fed President Eric Rosengren.

Katz Investment agreed to buy Camp Grove Bancorp in March 2019. The Federal Reserve approved the buyer's application to form a bank holding company earlier this year.

CMSPI estimates that retailers lost about $30 billion in potential online sales last year from e-commerce transactions that were declined for a variety of reasons including fraud, insufficient funds, technical problems and errors.

The Louisiana credit union holds just $3.5 million of assets and could not find a successor for its retiring chief executive.

The scandal over the collapse of Wirecard AG expanded as German financial regulator BaFin faces a criminal probe into how it oversaw the payment processor and whether some of the agency’s staff illegally traded the stock.