Banking

Banking apps now rank just after weather and social media in usage, according to Alice Milligan, chief digital client experience officer at Citi's U.S. Consumer Bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: BigCommerce gets a big investment; Mobile payments get a virtual currency; Monzo's expansion from payments accelerates; Facial authentication gets more sophisticated; A key that opens all of the hotel rooms.

The most satisfied customers are those who frequently use online or mobile banking, but still visit branches two or three times a month, J.D. Power said in its annual Retail Banking Satisfaction Study.

Putting aside the spin of both credit unions and banks, we offer some informed predictions about how the financial industry would be reconfigured if the century-old tax break were to disappear.

PayPal and Barclays have formed a strategic partnership enabling Barclays customers in the U.K. and U.S. to manage their Barclays and PayPal accounts within each app.

Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year.

The Federal Trade Commission alleges in a lawsuit that the company's "no-hidden-fee" pledge is deceptive. LendingClub says the claims are unwarranted.

Established banks and financial startups bring different perspectives to the negotiating table. Better understanding those differences can make the sale of a fintech go more smoothly.

First Keystone, which gave no reason for Matthew Prosseda's abrupt departure, has formed a search committee to find a permanent replacement.

Nymbus is offering its bank clients a service to create a digital brand under their existing charter in as little as 90 days.

Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale.

The Silicon Valley-based institution is funding the housing, parking and mixed-use retail development in place of what used to be a raising-drying warehouse.

The New York senator offers legislation to empower U.S. post offices to take deposits and make loans.

Banks using Zelle share the good, the bad and the indifferent of the person-to-person payment network.

The CUSO's new firm, Lumin Digital, promises to offer credit unions a digital banking platform that "rivals the offerings available from the big banks."

If President Trump doesn't name a director before the midterm elections, he could lose his best shot at reshaping the bureau long term.

Double-digit growth in personal loans and record wealth management revenue also helped the Tulsa, Okla., beat earnings forecasts.

The Florida bank's placement of all taxi loans on nonaccrual status in recent months strengthened its bottom line in the first quarter.

All 12 directors win nearly 90% of the vote, as does longtime auditor KPMG; Mulvaney says records haven’t been vetted by the agency and shouldn’t be released.

The Florida-based CUSO is the latest to sign on with the distributed ledger technology scheme for credit unions.