Banking

Businesses scaled back investment plans in the third quarter, but consumers continued borrowing; the bank now plans to raise its minimum wage to $20 in 2020.

Citi boosts air rewards; U.S. makes slow faster pay progress; and other information you need to start your day, from PaymentsSource and around the web.

Cash access has grown tighter in the U.K. as more consumers adopt digital payments and banks shrink their fleets of branches and ATMs. Could the U.S. could see a similar phenomenon?

By using host card emulation, issuers can gain more control over their own mobile payment apps, says FIME's Christian Damour.

Tri County Financial will pay an undisclosed amount for H.F. Gehant Bancorp.

The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

The California company agreed to pay $14 million in cash for a bank with $131 million in assets.

First Horizon and Iberiabank solidified their resolve after BB&T and SunTrust announced their merger. Bryan Jordan, First Horizon's CEO, says he's convinced the earlier deal is having a similar influence at other regional banks.

Credit unions and banks in the Great Lakes State could soon offer driver's license renewal and related services.

The proposed Verdigris Bank would rely heavily on technology, applicants say.

The Brunswick, Maine-based institution can now serve the residents of Androscoggin County in addition to three other counties.

The team has already built three customer-facing AI tools this year, which it hopes to keep building upon.

The National Credit Union Administration is hosting an event on equality and inclusion, which will include industry leaders discussing best practices for embracing these ideals.

Bank of Montreal's push into the U.S. has proved fruitful for its employees — and challenging for a company seeking to get its expenses under control.

Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

The ECB and BaFin say dual roles “could undermine” bank's restructuring efforts; JPM shifts cash into long-term bonds because of capital rules.

The deal will create a Southeastern regional with $75 billion in assets across 11 states.

Mobile bank Zero expands; Japan's Paidy raises funds; mobile wallet growth in China; and other information you need to start your day, from PaymentsSource and around the web.

Tinker Federal Credit Union has allowed the retailer to install its lockers at several locations. It's one of a variety of new tactics institutions are using to get potential new members in the door.

Large tech companies have been driving home the message that they can help the many Americans who struggle financially. But there are good reasons to be skeptical of their intentions.