Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Cross-border payments attract investors; Court orders a stop to pirate site payments; Stablecoins pick up speed; Western Union's footprint expands in Africa.

The consortium's Corda Enterprise is designed to let blockchain applications exist behind a company’s firewall but still interact with outside partners.

A tighter labor market and declining demand for compliance employees are expected to slow down hiring at banks in the coming year.

The regional bank's move is part of an industrywide transformation of call centers and operations centers to handle more complex tasks and trim costs.

A cash management offering by Mastercard and Strands is the latest example of new answers to commercial clients' demands for better digital services.

Citigroup and Mastercard replace Barclays and Visa as the card partners for the Maine apparel retailer.

Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.

First Western Financial in Denver could use the roughly $31 million it is hoping to raise to pay off debt and redeem preferred shares.

These teens and early 20-somethings are hardworking, frugal, prudent, debt averse and fiercely opposed to fees — much like their great-grandparents who grew up during the Depression.

VisionBank is the second de novo effort that would focus on the nation's capital.

Leandra English said she plans to leave the agency and drop a lawsuit that sought to install her as director of the consumer agency; the stock exchange’s CTO is joining the Winklevoss twins’ Gemini firm.

A money-laundering scandal at Denmark's largest bank has prompted increased regulatory scrutiny at larger banks, so criminals may try to filter dirty money at smaller institutions, a regulator warned.

Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

The information you need to start your day, from PaymentsSource and around the Web. Today: Exxon's new rewards program stumbles out of the gate; Monaco pays big for crypto.com domain; WeChat Pay expands to the French Riviera; Western Union expands in Russia.

A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.

These teens and early 20-somethings are hardworking, frugal, prudent, debt averse and fiercely opposed to fees — much like their great-grandparents who grew up during the Depression.

Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application.

Credit unions have seen massive gains in auto lending in recent years, but one analyst fears CUs may be too focused on that and losing share of wallet elsewhere as a result.

Provident Financial said it increased its allowance against a commercial loan after discovering that the borrower overstated the value of its collateral.

Credit unions in the Cornhusker State held the top two spots in a survey from Forbes and Statista, a marketing research firm.