Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Contactless payments jump in New York subways; Coinbase switches banks; Dovu's green crypto; Ant's impact on the fintech investment market;

Credit unions have until midnight tonight to submit nominations for this free recognition program.

With declining interest rates, credit unions that rely heavily on interest income from their investment portfolios may struggle.

Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.

Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.

LA Financial's planned merger into Ventura County Credit Union is expected to be completed in early 2020.

The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical.

The information you need to start your day, from PaymentsSource and around the Web. Today: Shopify adds chat; New technology battles card skimming; Checkout-free stores advance in Brazil; South Korean blockchain adds streaming music payments.

Were the Fed to develop its own payments platform, it would be expensive, duplicative, inefficient, and curtail development of real-time services, argues the National Taxpayers Union's Thomas Aiello.

People’s United offered 30% more in the summer of 2018 for United Financial than it agreed to pay in a deal announced last month. What followed the initial talks is a textbook lesson in the impact of indecision and the unexpected in bank M&A.

The LendingClubs and SoFis of the world have a big head start, but HSBC's U.S. unit says its partnership with the fintech Avant will help it close the gap in online personal loans.

The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.

The lawsuit claims that the board didn't properly supervisor management, which allowed former CEO Edward Rostohar to embezzle more than $40 million.

The Massachusetts Democrat is questioning a claim by the agency about the amount of redress available to those affected by the credit bureau's 2017 data breach.

Indiana Members Credit Union will pay cash for Commerce Bank.

Regulatory sandboxes can create a lot of opportunity for the winners but inadvertently put losers at a competitive disadvantage.

Offering 3% on purchases through its App Store, Apple hopes to make its competitors' phones a less-appealing option; a call for speeding up FedNow.

The information you need to start your day, from PaymentsSource and around the Web. Today: Contactless at the university; LinkedIn co-founder helps launch smart contracts for subscriptions; Alipay and WeChat Pay's processor draws funds; Coincorner pays its staff in crypto; Domino's tries e-bike delivery.