Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. regulators examine PayPal's iZettle deal; Equifax gets fined in the U.K.; Paytm complains about Google Pay and data; Amazon announces lots of new Echo technology.

Flipkart, an Indian e-commerce company which Walmart bought in August, has launched a cardless credit program for consumers and is expected to apply for an NBFC licence, or a classification as non-bank that provides credit and other financial services in India.

Readers react to the Office of the Comptroller of the Currency's fintech charter, respond to another bank outage, opine on the impact of regulation and more.

The acquisitive company plans to buy Blue Hills Bancorp to boost its footprint in eastern Massachusetts.

When the Birmingham, Ala., bank was rethinking its branch strategy, it had to reconsider the role of its tellers. Ultimately, it decided to transition those workers to a more general banker role that emphasizes meaningful conversations with customers and continuous career progression.

The cuts are part of a broader effort to trim expenses by roughly $3 billion a year by 2020.

Following an increase in the CRE appraisal threshold for community bankers earlier this year, the National Credit Union Administration has proposed an even bigger shift for CUs.

Seven other banks passed on a chance to bid on FCB Financial, perhaps showing the small pool of large buyers eager to make a big commitment to the Sunshine State.

The company said the move should address investor concerns about potential margin compression, slower loan growth and an economic slowdown.

Every month, from January to April of this year, there were roughly 3.2 billion attacks perpetrated by malicious code that infiltrated business' networks. Representatives of smaller financial institutions disputed the notion that they are one of the weak links in the chain.

All three credit unions hold less than $250 million in assets.

The Danish bank updates amount laundered; Goldman near deal for its Simon app.

The beloved annual feature is back on Sept. 20 to highlight the magical and the mundane moments credit unions experience every day.

The information you need to start your day, from PaymentsSource and around the Web. Today: Cashierless stores are set to grow quickly; Westpac adds Siri payments; Hacks at Newegg and government servers; MPs push for U.K. ICO regs; ANZ debuts cardless ATMs.

Edward Doherty is set to succeed Janice Houghton when she retires in November.

The Pittsburgh bank joins Bank of America and other large financial players in a distributed-ledger network that seeks to make global payments in real time.

Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010.

The New York company said Wednesday that the new group will provide loans and other services to early-stage, consumer-focused companies.

The report from an advocacy group that focuses on college affordability says that schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from banks and other private-sector lenders.

Bruce Fox, current EVP/chief investment officer, will move into the corner office upon Kathy Garner's retirement in March.