Banking

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.

The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.

Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year.

Keeping up with changing technology can be difficult but institutions are making investments in ITMs, new lending platforms and more.

The regulator of the government-sponsored enterprises retreated from an earlier proposal that had barred VantageScore because of its ties to the credit bureaus.

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom.

The San Francisco-based fintech is using JPMorgan Chase’s real-time payments service to power the new overdraft prevention tool.

The technology can help banks get the most out of the vast amounts of information at their disposal.

The Michigan company will pay $68 million to expand in a high-priority market.

Bank shares are down more than 9% this month; the Fed has never imposed the countercyclical capital buffer before.

The Los Angeles company said it is also looking into internal controls tied to construction lending.

The information you need to start your day, from PaymentsSource and around the Web. Today: NatWest tries voice assistant; MoneyGram's web relaunch; New Zealand allows crypto salary; Deliveroo quits Germany; Mexico suffers a card outage.

CIT Group will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.

Tussles over risk-based capital have preoccupied the agency of late, but Rodney Hood says he also wants to foster growth of minority-owned institutions and make sure credit unions are taking the hacker threat seriously.

Four advocacy groups questioned why the consumer bureau did not ask a judge to lift a stay of the rule's payment provisions.

The companies said the merger will provide scale and help them update technology more efficiently.

Margin expansion may grind to a halt if the Fed holds rates steady or cuts them further. The problem is regionals tend to lack the side businesses that the big banks possess to offset lending slumps. Check out our annual ranking of banks with $10 billion to $50 billion of assets.

Former Mastercard and longtime bank executive Colleen Taylor has joined Wells Fargo, where she will oversee the bank's merchant services strategy.