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As well-funded rivals pounce, Dwolla founder and CEO Ben Milne is looking for new leadership and a new strategy.

Investors poured a fresh $400 million into Toast following a year in which the payment firm more than doubled revenue from its network of restaurant clients.

Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.

A joint venture of Belgian banks and the national postal service has hired Diebold Nixdorf to manage ATMs and update the fleet to accommodate modern cash usage.

A 2019 report from the Federal Trade Commission shows consumer losses to “romance scams” rose more than 300% between 2015 and 2018. Credit union leaders say the real numbers may be much worse.

To appease regulators, challenger banks looking to service crypto businesses can implement effective AML controls and systems, says Fenergo's Rachel Woolley.

Barca, as one of the world’s most popular football clubs is known, will issue tokens for use on a fan-engagement platform.

Ether has more than doubled this year, but technical indicators are starting to flash worrying signals for the second-biggest cryptocurrency.

The entire banking industry needs to join the fight instead of waiting for Congress to act.

A large charge-off and an additional loan-loss provision reduced quarterly profit by 12%, to $47.8 million.

Section 705 FCU, originally chartered to serve postal employees, has a new chief executive following the retirement of its longtime CEO.

For the second time in four years regulators are investigating Jes Staley; fintechs have until July 30 to sign agreements on how they access customer data.

Mobile apps enabling consumers to buy gasoline without stepping out of the car are a fast-growing category, but fuel marketers’ associated rewards programs have taken a bit longer to catch up.

Daily Edition for February 14, 2020.

New regulations and fraud threats are accumulating, and payment firms need to keep up, says Semafone's Gary E. Barnett.

The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.

Elizabeth Warren, Sherrod Brown and three other Democrats asked nonbank lenders to ensure they comply with fair-lending laws following a report suggesting they charge higher rates to those who have attended historically black or predominantly Hispanic colleges.

The North Carolina-based credit union hopes an injunction will prevent further use of that branding until a trademark infringement suit is settled.

Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.

Klarna has agreed to acquire Italian fintech Moneymour as part of an innovation push to counter rivals in the popular point of sale credit market.