Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm's entertainment unit gets an infusion; Google Pay launches in Germany without full card support; TSYS expands in vision care; European committee supports central bank virtual currency.

Banks stocks have declined as the yield curve shrinks; the companies will offer a co-branded small-business card.

At 4 feet tall and with a child's voice, Pepper won't replace tellers, but it can help bank customers interested in applying for a credit card or having issues with an ATM.

A ballot initiative that taps into the public's anger about online data abuses has qualified for the November ballot. But lawmakers are considering whether to head off the statewide vote by passing a measure that may be more amenable to the financial industry.

Joe Reilly, who co-founded then ran Centrix Bank, was appointed to the boards of Provident Bank in Amesbury, Mass., and its holding company.

The rents are steep and they don't generate much revenue, but some banks believe that airport branches still have a role to play in their retail strategies — particularly as advice centers.

Aurora Cannabis in Edmonton, Alberta, said it recently agreed to a $150M term loan and a $50M line of credit from Bank of Montreal, the largest traditional bank investment into the marijuana industry to date.

Some community banks are partnering with fintech accelerators or creating their own to get on the cutting edge and get a leg up on their competitors.

Credit unions can apply for their share of approximately $2 million in Community Development Revolving Loan Fund grants between July 1 and Aug. 18.

Buying a startup or running an accelerator program isn’t enough to help banks truly prepare for the coming digital age.

Pass/fail may be replaced by public capital ratio; high court allows company to prevent merchants from favoring other cards.

The information you need to start your day, from PaymentsSource and around the Web. Today: A global blockchain remittance market is underway at Alipay; Former GoDaddy execs launch DLT payments firm; Fraud has a wide reach in Europe; Quebec utility sets aside space for cryptocurrency mining.

Every transaction is traceable on the blockchain — though only to the addresses that initiated it. Compare this to Fedwire Funds Service and ACH payments, which don’t have this transaction history available, writes Bob Rutherford is the CEO and founder of Hedge.

The legislation, authored by Rep. Keith Ellison, D-Minn., is aimed at helping lower-income consumers build their credit histories.

Five of the year’s biggest deals by value have been announced in the last two months, including some that involve regional banks that have been champing at the M&A bit.

The Cincinnati bank is following a wider industry strategy of opening new branches in faster-growth, urban markets.

With more permanent fixes not yet gaining enough traction, recent attempts to clarify marijuana banking rules through appropriations are also falling flat.

Thomas Fraser will step down as president and CEO of First Federal Lakewood and instead focus on overseeing the mutual's holding company.

Startups such as BREAUX Capital are trying to reach consumers historically underserved and underrepresented in financial services.

As large credit unions look to expand under the NCUA’s new field of membership rule, they should be required to comply with additional bank rules.