Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Alipay cracks down in cryptocurrency; Visa invests in digital payments; Mobile wallets are growing quickly; A consortium pushes a universal blockchain.

Selling outside of app stores forces users to deactivate a crucial safeguard which would otherwise prevent the download of potentially malicious apps onto their mobile device, contends Samuel Bakken, senior product marketing manager for OneSpan.

Many financial institutions are unaware that they're banking marijuana-related businesses, pot bankers and regtech experts say.

In an exclusive CUJ Q&A, Seaway President Daryl Newell reflects on transitioning from banks to credit unions, shares what football can teach about leadership and offers a few picks for the upcoming pro and college football seasons.

Larger community banks are favoring bigger targets — or relying more on organic growth — to expand.

It’s great for bragging rights, but when banks make large investments in technology they run the risk of irritating investors who think they’re spending too much money for too little payback.

The agency says it will act independently of other regulators to release a notice asking for public input on revamping the decades-old law.

The move is important for new banks in states like California, where a small-business lending program requires a three-star rating from the agency.

Lakeland will expand its operations in three counties in its home state of New Jersey with the $57 million acquisition.

The CFPB nominee wins approval from the Senate Banking Committee by a 13-12 vote; the country is looking to borrow $11 billion after Aramco IPO is delayed.

The information you need to start your day, from PaymentsSource and around the Web. Today: Cheddar's Scratch Kitchen suffers a breach; Swift's faster pay makes progress; Apple pushes charitable giving to boost mobile pay; Ripple seeks more e-money licenses.

A huge chunk of the profit increase in the second quarter was due to a lower tax rate, but rising net interest margins and loan growth signal that institutions continue to derive revenue from their loan book.

Cheap funding and marketing muscle could give it an advantage over existing lenders, but this corner of the market may not be big enough to move the needle for the bank.

Before the passage of the recent regulatory relief law, only banks with assets of less than $1 billion were on an 18-month exam schedule.

Seacoast readily agreed to buy First Green Bank. The next step is determining which of the seller's programs, including car-charging stations and discounted rates for green projects, to keep.

ATM jackpotting is a growing threat throughout the United States, with thieves attempting to attack the most vulnerable locations possible, according to Paul Albright, executive vice president of Outsource ATM.

Wells Fargo isn't making a political statement, it's following the rules. So goes the bank's response to backlash over terminating a pro-medical marijuana politician's banking relationship because of her advocacy and contributions from industry lobbyists.

The service can be useful for customers short on cash, but financial institutions need to clarify overdraft rules and develop alternative forms of credit.

The company will enter the Iowa cities of Des Moines and Dubuque as part of the $170 million acquisition.

Upgrade, a marketplace lender founded by Laplanche just a few months after he was ousted from LendingClub, has secured more than $100 million in equity capital and says it is poised to offer more consumer credit products.