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The Delaware company said it received $22 million in net proceeds after selling 360,000 class B shares.

The bank says fraud attempts involving commercial wire transfers have escalated since the outbreak began. It's training employees and customers how to head off the often hard-to-detect scams.

Members of Standard Register Federal Credit Union are expected to vote on the proposed merger into Pathways Financial Credit Union in August.

Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital tools.

When launching an e-commerce service in Russia more than a year ago, Ingenico Group knew it was entering a complex financial and payments market, as well as one with domestic e-commerce ecosystems unique to each region.

Splitit has boosted its merchant access in the crowded install payment market through a series of deals with large payment companies, the latest being a five-year agreement with Mastercard.

The inability of Democrats and Republicans to agree on a chairperson and lack of sufficient personnel have made it harder for the commission to do its job — hold Treasury and the Fed accountable for implementing the coronavirus relief law, observers say.

The North Chesterfield, Va.-based institution joins a list of banks that are also closing to commemorate the end of slavery.

A decision that expands the low-income definition to all active-duty military personnel will only enable large credit unions to push out smaller competitors, removing choice for people in the military.

Fully decentralized digital currencies have far greater protection against total mismanagement and corruption of capital. Blockchain technology makes it practical for even state-controlled blockchains to make inflationary measures fair, says Nash's Fabio Canesin.

The coronavirus-induced recession has broadened the addressable market for early wage access, and that's drawing investors such as PayPal and Salesforce CEO Marc Benioff, who just poured a fresh funding round into Even.

Delmarva Bancshares, which was on the brink of failure during the financial crisis, will be sold to BV Financial for $54 million.

By adding direct debit from bank accounts as a payment option, YayPay feels it is in a far better position to help the accounts receivable departments of U.S. businesses expand international growth.

Sen. Deb Fischer, R-Neb., has introduced a bill that would convert the bureau's leadership to a five-person bipartisan commission. Similar legislation was introduced in the House in March.

Firms won’t have to repay their loans even if they don’t rehire all their laid off workers; Fed chair confirms the shortage is due to the coronavirus but is easing as the economy reopen.

A proposal from the credit union regulator was criticized for being needlessly complex and not requiring enough transparency.

E-commerce sales boomed during the height of the coronavirus when consumers were stuck at home, and merchants had no choice but to accommodate the surge. But some retail industry observers are concerned about potential long-term costs from the pandemic.

Through employee education and deploying tools that allow you to rapidly thwart threats internally and externally, you can reduce the risk of payments fraud and gain greater peace of mind, says Fleetcor's Scott duFour.

Daily edition for June 18, 2020.

A record amount of funds have flowed into banks since the coronavirus hit, but a low-rate environment and tepid loan demand are complicating efforts to put that money to work.