Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Visa opens a tech hub for transit; Europeans warm up to wearable payments; A new cryptowallet in Canada; Postal tax payments advance in Canada.

There are practical lessons from Amazon's service model that can be applied elsewhere, writes Derek Corcoran, chief experience officer at Avoka.

Readers weigh in on the idea of using banks to effectively ban assault rifles, slam a pot-banking proposal, opine on social media strategies and more.

Some Wells Fargo customers on social media Thursday afternoon expressed frustration with not being able to log in to accounts digitally. The San Francisco bank responded in a tweet acknowledging the problem.

With the state only months away from allowing the sale of pot for recreational use, its top cannabis regulator is urging policymakers to consider creating a public bank to provide services to growers and dispensaries that might otherwise have nowhere else to bank.

Harrison Finance has 35 offices, nearly 140 employees and about $95 million of outstanding loans.

Facing pressure to act on gun control laws, the bank said it would not "renew its contract with the National Rifle Association to issue the NRA Visa card."

CU in the heart of California’s Silicon Valley will change its core system this summer.

The bank will allow its customers to apply for car financing online and receive a decision within minutes.

Organizers aiming to open a de novo just outside Charlotte say there's a need for a new community bank after several years of consolidation in the market.

The Arizona-based online auto dealer has partnerships with 35 credit unions – and is looking to expand.

Artificial intelligence is expected to bring financial services to millions, yet it could also make unethical decisions that unfairly deny credit and widen the divide between haves and have-nots, says Nicolas Economou of the nonprofit Future Society.

Scarlett Sieber will be based in the bank’s Labs division, working on forging partnerships with fintech firms.

William Parsley was most recently PNC's chief investment officer and treasurer and had previously served as head of consumer lending.

Canadian Imperial Bank of Commerce’s push to be less domestically focused is showing signs of success, thanks to its June takeover of Chicago-based PrivateBank.

Stilwell Group and Jeffrey Thorp will gain board seats in exchange for a vow to refrain from waging proxy battles against MB Bancorp.

It can be hard for bankers to carve out opportunities to tackle complex problems in today’s always-on culture, but it’s important for getting ahead.

The company will still use the building for its main office, but it will move its administrative staff to another building.

Process would protect taxpayers from bailing out failed banks; bank plans to raze its midtown Manhattan headquarters and build a 2.5 million sq. ft. edifice on the site.

The information you need to start your day, from PaymentsSource and around the Web. Today: Venezuela's virtual currency debuts; Crowdsourcing for Square readers in Boston; Tinder's security gap; Samsung Pay gains ground in Australia.