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: Alipay eyes Africa; CO-OP uses geolocation to reach young people; NACHA chooses a partner for microbusiness; Blockchain startup Billion draws a grant.

Payments company rises as hot premium cards fly under its banner; despite the improvements, analysts have concerns about growing credit quality issues.

But the Connecticut company says the efficiencies of its recent acquisition of Suffolk Bancorp will begin to be realized soon.

The California lender, which specializes in trade finance, reported strong growth in commercial and other lending categories last quarter, and it urged the Trump administration to seek fair trade deals with China.

After having insisted many times that it couldn't begin returning funds to CUs until 2021, the agency may have found a way to start making payments as early as 2018.

The McLean, Va., lender, which has substantial exposure to subprime consumer loans, also added to its provision for credit losses.

The $482 million deal would be Associated's first bank acquisition since June 2007.

LendKey, whose software helps financial institutions make student, auto and home improvement loans, closed a Series C round led by a fund whose investors include more than a dozen banks.

The Pittsburgh company, pleased with employee and client retention from its March purchase of Yadkin Financial, is looking to hire lenders from other institutions.

The Portland, Ore., company outlined a plan to boost its return on tangible common equity to between 13-15% by 2020. More details will be provided by fall, executives said.

A profile of New York's top cop for banking offers insight into her thinking on hot regulatory issues; the women behind the machine learning at Morgan Stanley and UBS see a future with better advice; plus, Jane Austen and the new Doctor Who.

New technologies are poised to sweep through investment banks, relieving many rank-and-file employees of roughly a third of their current workload, according to McKinsey & Co.

Clearing services, assets under custody and administration and other parts of the trust bank's operations rose in the second quarter, all good news as it shifts leadership from Gerald Hassell to former Visa CEO Charlie Scharf.

Leaf Commercial Capital originates about $500 million in loans annually tied to equipment and software purchases.

The regional bank reported an 8% gain in fee income and trimmed costs amid 1% loan growth.

Customer services are between two human beings. The quality of their exchange is more important than the resolution.

The company will add two branches between Denver and Colorado Springs by buying the deposit-rich Castle Rock Bank.

Citigroup is expanding its payments partnership to allow its card members to use their ThankYou rewards points for purchases at PayPal checkout in the U.S.

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: Card brands push for China; U.K. cracks down on excessive fees, lack of currency transparency; Venmo gets caught in video equipment theft ring.

Acting Comptroller Keith Noreika says his agency is prepared to defend its authority to grant banking licenses to fintech firms; lawmakers hopeful they can block anti-arbitration rule before it takes effect.