Banking

The fintech firm will use the $5.5 million in funding to expand its operations and improve its products.

Mark Tucker, the British bank's new chairman, will look to replace its outgoing CEO; A Canadian television network says bank employees were pressured to phony up accounts to meet sales targets.

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: Bank emoji; China's big blockchain; smart jacket; an ISO crawler and more.

Better access to credit, an improving revenue picture and promises of regulatory relief are bolstering the confidence of small-business owners.

Host Brett King reports from this week's LendIt conference in New York.

Bank of America is revamping its retail network and upgrading its ATMs as it rolls out a new type of branch that bridges the physical and digital worlds.

State Bank of Texas, which bought the failed Seaway Bank in January, is selling nine branches to Self-Help Credit Union.

Republicans repeatedly claim that the Dodd-Frank Act has hurt consumers by raising costs and hampering credit availability. But the data doesn't back that up.

The sale to Tokyo Century Corp. will help accelerate CIT's transformation into a more traditional small-business and middle-market lender.

The terminal and ATM maker, which is making a number of changes to its business, expecs the plant will be phased out by the end of the third quarter.

The mutual's conversion could bring in up to $22.5 million in proceeds.

Peter Hancock resigns at insurer's board meeting following "shocking" $3 billion fourth-quarter loss; Wells reorganizes retail bank unit, demotes executives.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

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: Singapore embraces distributed ledgers; Uber gets new invoicing; Brexit threatens cross-border payments; Chicago startup tests palm payments.

The traditonal method of scoring merchants based on risk may not work when the attack uses low risk merchants to hide illegal transactions.

A number of small banks have disclosed material weaknesses in loan-loss accounting and other procedures. Reasons vary, but a common thread appears to be that accounting firms are facing pressure to beef up their scrutiny of internal controls in financial services.

The question is more than academic. At stake is the role blockchain technology can play in lowering the costs of raising money.

By relying heavily on where a borrower went to college, online lenders may run afoul with regulators and could be missing out on good credits.

Seniors typically have stellar credit and can be a good source of deposits in a rising rate environment.

Yolande Piazza has been serving in the role on an interim basis since Heather Cox left for USAA.