Banking

A new company, bridge21, says it is using bitcoin to allow users to send money from the United States to Mexico at better rates than traditional payments companies.

Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.

Reader reactions to criticism of Jamie Dimon, the House GOP ganging up on Richard Cordray, a bank's decision to part with Excel to measure credit losses, and more.

Business confidence remains high, but Fed data shows commercial borrowing actually decelerated during the first quarter. Fortunately for banks, rate hikes have fattened margins.

Helping students, those in need or just being a friendly face in the community, credit unions are showcasing their not-for-profit ethos by giving back to those they serve.

White House economic chief makes nice with Elizabeth Warren over resurrecting bank separation law; Renaud Laplanche launches a new company to compete with his old one.

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: Stripe expands Atlas; Steelworkers lobby for Canadian payments bill; An end date for EMV migration?; Cellum makes a play for financial inclusion.

Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses.

Five banks and the tech firms R3 and HQLA^X are using distributed ledger technology to make it easier to transfer liquid securities and collateral.

Though statistically women have trouble getting small business loans, Square's granting more than half its loans to women; latest numbers show only one in four bank senior execs are female.

Genpact's new platform promises to reduce the number of past-due invoices to less than 3% in most companies.

A recent survey found that a vast majority of bankers expect lawmakers to make only moderate changes to existing industry regulation.

Upgrade, an online lender started by former Lending Club CEO Renaud Laplanche, will tout credit monitoring and education features to stand out in a crowded field.

Success stories offer relevant lessons for those charting and executing a strategy, but with the proper perspective, stories of setbacks show bankers where they can and must improve.

CFPB director accused of being "asleep at the wheel" during the Wells Fargo scandal; consumers and retailers both reluctant to use Apple's mobile payment service.

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: Amazon's $70 million refund; Diebold Nixforf embraces connected tech for ATMs; R3 debates virtual currency models; Flattr finds a buyer.

New data from the American Bankers Association is the latest warning sign for the sector.

Such reinstatements are unusual, and could signal a more aggressive approach by the government to protecting whistleblowers in the financial services sector.

Amid a rising rate environment, political uncertainty and rising delinquency, credit unions can still take steps to protect their bottom lines.

Sens. Ron Wyden, D-Ore., Lisa Murkowski, R-Alaska, Elizabeth Warren, D-Mass., and Ed Markey, D-Mass., introduced a bill Wednesday that would allow credit unions to increase their business lending.