Banking

The payments company said it plans to spend $1 billion to $3 billion a year on acquisitions; NYS fines bank $205 million.

The information you need to start your day, from PaymentsSource and around the Web. Today: Visa developer event targets gender gap; PayPal halts payments for school shooting game; Akon plans his own cryptocoin; Spanish banks push blockchain ID project.

Savvy fintechs are providing automated advice, dashboards and financial monitoring for families of people over 50.

SunTrust will operate a branch inside Hartsfield-Jackson's main domestic terminal and operate 16 ATMs throughout the airport. Wells said its revenue had been declining.

Big banks and wealth managers are unwilling to sacrifice fee income and make other changes to catch up with their customers' digital demands, fintech leaders said.

First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public.

Several leaders have retired after spending years preparing their banks for the regulatory milestone.

The explosion in construction of self-storage facilities is being backed by banks hungry for commercial loans. Some market participants fear a glut is in the making and the credits could sour.

Bankers would be better off cleaning their own houses and focusing on deregulation efforts, instead of going after credit unions, suggests NAFCU's Carrie Hunt.

The online lender wants to provide instant payments and securitizations alongside instant loans, according to CEO Anthony Noto.

Paycheck information gleaned from bank accounts is emerging as an alternative to verifying a mortgage applicant's income and employment with a 4506-T tax transcript request to the IRS.

The alliance is intended to leverage the strength of two industry-leading indirect lending CUSOs.

The bank’s weakened public reputation makes it a target for additional attacks.

Fountain City Fintech, a program planned by NBKC Bank, would be one of the first fintech incubators formed by a community bank.

Having exceeded its original funding goal, further credit union investment opportunities with the CUSO are now closed.

The company will pay $48 million for four branches and $230 million in loans.

Jelena McWilliams said the agency will ask banks what's working and what's not; the acquisition of Hyperwallet Systems lets PayPal offer more services.

The information you need to start your day, from PaymentsSource and around the Web. Today: Interac ramps up development; Regulators issue more PSD2 guidance; Contactless technology moves deeper into donations; Payments Canada appoints a payments and technology chief.

The Dallas company expects to report a higher loan-loss provision after the loans, which include two shared national credits, deteriorated in the second quarter.

JPMorgan Chase and Wells Fargo are following Silicon Valley's lead by offering new fee-free accounts. While there are risks involved, the cost of doing nothing would be significant, analysts said.