Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon cuts prices at Whole Foods; eBay alters its advertising strategy; Georgia Tech suffers a breach; Amazon extends contract with Delta Airlines.

On Sep. 30, 2018. Dollars in thousands.

Existing bank systems are holding issuers back from responding fast enough to changing market conditions, contends Mikko Rieger, senior vice president of consumer management services for Nets.

NCS Analytics is building portals for Michigan and California that are designed to encourage financial institutions to become more comfortable in banking marijuana-related businesses by making it easier for them to sort out good and bad actors.

The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal.

Banks of all sizes need to stick together to ward off threats from "unregulated" fintechs and other nonbanks, Bank of America Chairman and CEO Brian Moynihan said Tuesday.

The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank.

Rep. Gregory Meeks of New York signaled which legislative provisions Democratic leaders would accept in a bipartisan housing finance package.

New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen.

The loan origination fintech is offering the product in a stand-alone format and as part of the workflow for its mortgage and home equity loan products.

Since last fall, when the value of digital money plummeted, lenders have been pushing people who have paper profits to leverage them into cash by borrowing against their cryptocurrencies. And the fact that there's no tax bill on the transactions is a big selling point.

American Banker won 11 journalism awards during the past week, including its first Grand Neal, the highest of the honors announced at this year's Jesse H. Neal business journalism awards.

Financial startups are becoming important partners for community banks and credit unions, despite lobbying efforts to limit their growth.

The executive is leaving after two years of coast-to-coast commuting; the interest rate on the loan declines as the borrower achieves technology goals.

The information you need to start your day, from PaymentsSource and around the Web. Today: Coinbase and Ripple partner for payment feature; Fingopay will launch vein payments in Manchester; Fintechs ManoMano and Novo draw investors.

On Sep. 30, 2018. Dollars in thousands.

Customers are starting to reveal more to private bankers when they use GoTo, the bank's strategy chief Rilla Delorier says.

The central bank will hold an open meeting April 8 to consider revisions to "living will" standards and the tailoring of rules for overseas banks.

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.

As N26 schedules its launch for midyear, it will face off against other startups and mobile-only spinoffs from incumbent financial institutions.