Banking

The Pittsburgh company is sticking with its plan to grow through expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday.

Researching how pain points make consumers work harder can fix payment execution, says UJET's Anand Janefalkar.

Changes in consumer behavior patterns will force banks to reassess the information they use to attract customers.

Dimon doesn’t expect it to happen, but the bank is getting ready just in case; the state will require banks to disclose their relationship with gun sellers.

The information you need to start your day, from PaymentsSource and around the Web:. Today: Amtrak adds mobile payment technology; Real-time pay in the Netherlands; Moneycorp gets license in Brazil; PumaPay's crypto system debuts.

Hal Schroeder of FASB claims that investors have no confidence in the current loss standard. Several investors at a prominent accounting conference disagree.

The unnamed borrower was the victim of an alleged scam by another company.

It hasn't stimulated loan demand in ways banks hoped it might, and some CEOs fear future rate cuts might cause companies to hunker down.

JPMorgan CEO Jamie Dimon said at an investor conference that the Trump administration's plan for Fannie and Freddie would provide more opportunities for financial institutions. He also called for an end to the U.S.-China trade war and weighed in on the prospect of interest rates falling to zero.

The chairman of the National Credit Union Administration gave CU Journal more details on the agency’s forthcoming rule providing guidance for credit unions purchasing banks.

Numerated, a vendor of loan prospecting, marketing and underwriting software that was developed within Eastern Bank, now has $32 million.

The bureau issued three policies removing the threat of legal liability for approved companies that test new products.

Annual fees aren’t scaring customers away from American Express Co.’s credit cards. Roughly 70% of cardholders the lender added in the second quarter have premium, fee-paying cards, Chief Financial Officer Jeff Campbell told investors at a conference Tuesday in New York.

High-tech heavyweights like Google, Amazon and Apple have tied payments to broader financial services, added to the view that banks are less relevant, writes Polyient Labs' Brad Robertson.

The information you need to start your day, from PaymentsSource and around the Web. Today: Consumers don't like Sainsbury's scan-and-go; Zippie debuts blockchain wallet in Africa; Swift adds North America exec; Catalonia plans digital ID.

Mnuchin hopes to strike a deal soon to recapitalize the two mortgage giants, a prelude to privatization; the bank’s focus on mid-tier corporations is starting to bear fruit.

Bank Independent in Alabama was among the first to let customers bank through Amazon Alexa. Its digital chief, Kelly Burdette, shares how and why.

Some industry economists say this yield curve inversion is not as reliable an indicator as it has been for past recessions, but credit unions should still start preparing for an eventual economic downturn.

The massive scale of the e-commerce market is burdening community banks with its volume of payments. But there may be strength in numbers.