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The information you need to start your day, from PaymentsSource and around the Web. Today: Visa's Earthport deal clears regulatory hurdle; Deutsche adds payment cloud; Campus crooks, Mastercard adds more biometrics; Co-op Financial Services reorganizes payments and financial technology.
May 8
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It's not likely most lenders or credit card issuers would jump at the chance to give more money to a customer having trouble making payments. But for some borrowers, that may be the best solution to this problem.
May 8
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The San Francisco-based online lender, which has recorded nearly $450 million in losses since 2016, is taking aggressive steps to achieve adjusted profitability later this year.
May 7
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Lenders say they are seeing a rise in synthetic identity and other types of attempted fraud. Here’s what they are doing to thwart it.
May 7
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Bank 34 will no longer sell mortgages in the secondary market as it looks to reduce its reliance on volatile revenue streams.
May 7
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Cushion uses AI to help consumers negotiate refunds of overdraft and other fees. But it argues there's a bank play in its technology if bankers take the long view.
May 7
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The Mile High City has been disrupted by a number of big bank mergers, which could increase competitive pressures on CUs across the state.
May 7
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The central bank said that while financial markets' desire for higher yields raises the potential for losses, capital and liquidity safeguards temper any concerns about a looming crash.
May 7
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Triad Business Bank adds to the list of de novo efforts taking place in the state.
May 7
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The Atlanta company reported a first-quarter revenue increase of 22%, and it has established a more aggressive target for the full year.
May 7
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Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.
May 7
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The long-awaited proposal includes safe harbors to protect collectors from getting sued, but would restrict phone collection attempts and allow borrowers to opt out of receiving other communications.
May 7
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The collaboration will include establishing an i3 presence at CU Direct's Irvine, Calif., campus.
May 7
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Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.
May 7
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Eileen Murray has talked about leaving Bridgewater; A deal with Roger Ng could lead to charges against Goldman and its employees.
May 7
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The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard's investing another $1 billion in India; U.K. government adds the Pays for travel; NCR acquires restaurant technology; Warren Buffet sounds off on bitcoin.
May 7
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Mariel Beasley, co-director of Duke University’s Common Cents Lab, who studies consumers’ financial behavior, says savings "nudges" in apps often fall flat. Here's why.
May 7
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More U.S. consumers are defaulting on their credit cards, but banks may be holding onto the riskiest loans instead of passing them off to investors, according to a report from Barclays.
May 6
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The Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit.
May 6
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The Maryland company has hired interim CEO Susan Riel to officially take over the post.
May 6
