Banking

As apps like Uber and Lyft gain more traction, the need for new cars ⁠— and loans ⁠— is expected to diminish.

Credit unions often overlook ensuring that different systems and departments are well connected and can share data. Application program interfaces can help with that.

Large banks will have less onerous capital rules and stress test requirements; the president’s main lender said it has other returns, but not the president’s.

The information you need to start your day, from PaymentsSource and around the web. Today: Salesforce bolsters ordering; Mastercard extends its reach in Africa; Caixabank ramps up use of AI; Standard Cognition acquires computer vision technology.

Some credit unions are experimenting with ambient scenting – adding distinctive but unobtrusive smells – in their branches. While those fragrances are meant to reinforce the institution’s brand, they could also have unintended negative effects.

Majority, which will launch nationwide later this quarter, will use networks of immigrants to sell a mobile phone-based account that features unlimited remittances and international calling services.

Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.

The company has rolled out an online platform for firms considering marketplace loans as an asset class.

The Long Beach, Calif.-based institution can now serve workers from the healthcare industry in six counties.

The head of the firm's real estate investment arm pushed back at the idea that buildings with coworking companies as lead tenants are risky bets for lenders.

OUR Community Bank would focus on small-business loans with an emphasis on underserved Hispanic and Latino communities in South Florida.

MetroCity Bankshares has said it could use the proceeds to open branches or pursue acquisitions.

Renaud Laplanche, one of the first fintech disruptors, is launching an unusual type of credit product at Upgrade, his new company, that is a cross between a credit card and an unsecured loan.

Facebook CEO to face a skeptical House panel on Oct. 23; bank stocks have given up last month’s gains as investors await earnings season.

The information you need to start your day, from PaymentsSource and around the web. Today: PayPal loses on its Uber investment; Rapyd gets a license in Singapore; Masabi builds interoperable transit payments in Ohio; Binance finds partners for crypto in China.

The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns that credit unions could become an even more inviting litigation target.

Cash is not dead, but the burdens of ensuring access threaten to break long-standing ecosystems that sustain traditional payments.

The Federal Reserve’s FedNow instant payments system will dramatically speed up payment processing, essentially allowing people and businesses to receive money in their accounts within seconds of a transaction, says the Retail Industry Leaders Association's Austen Jensen.

The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t overreaching.

The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns among bankers that they could become an even more inviting litigation target.