Banking

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: PayPal's earnings boost; Stripe buys tax tech; UniCredit suffers a breach; ItzCash raises funds.

Companies planning to raise money by selling electronic tokens for cryptocurrencies said they won't be put off by SEC warning of regulation; soaring costs trigger exodus from traditional coastal financial hubs.

The Riverwoods, Ill., company is trying to assure Wall Street that its higher chargeoff rates signal a return to normalcy, rather than a cause for alarm.

The Blairsville, Ga., bank is in growth mode with strong second-quarter lending performances and two deals in the works, but its provision for loan losses was described as too low in one research note.

The Texas company would add seven branches and more than $300 million of assets by acquiring Valley Bancorp.

CircleUp is offering lines of credit to early-stage consumer brands, which can often only get financing at high interest rates.

First Financial in Ohio is buying MainSource in Indiana — with a twist. MainSource's leader will become CEO.

The Consumer Financial Protection Bureau is likely to finalize its small-dollar rule by September ahead of Director Richard Cordray's widely expected departure.

The Miami Lakes company’s chargeoffs of medallion loans increased fivefold, but profits rose thanks to gains in C&I, CRE and other types of loans.

The new Explore Visa card is seen as a "bridge" to more traditional banking services, said Regions' head of retail products and payments.

Honors, accolades and giving back.

The Tulsa, Okla., company reported loan growth in all categories, including a 56% increase in personal loans.

The acquisition would be Valley's third in the Sunshine State since 2014 and would give the New Jersey company its first branches in Alabama.

A big part of the reason banks find it tricky to attract millennials is that not all millennials are attracted to the same thing.

The Louisiana company, which recorded a large loan-loss provision to cover energy-related chargeoffs, also disclosed a new regulatory order from the Office of the Comptroller of the Currency.

The Michigan company's profit benefited from a larger balance sheet and a reduction in merger-related expenses.

Citigroup hopes to return $60 billion to shareholders by 2020 while earning $20 billion a year; SEC says companies that raise money by selling their own electronic tokens for cryptocurrencies may be subject to federal oversight.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Wells Fargo mistakenly leaks data; Canadians learn more about fintech; UniCredit embraces instant payments; A look at ransomware payments.

Great service is important, but in the changing financial services landscape, credit unions aren’t likely to get top-of-wallet status from members without a digital payments strategy.

The federal agency's investigative report concludes that crowdsales of blockchain tokens known as initial coin offerings may need to comply with securities laws.