Banking

Technology company says CU SoCal will have a unified platform for online and mobile banking.

It is a fallacy that customers respond only to monetary rewards. Banks should use psychological rewards to drive digital product sales just as popular mobile apps do.

Banks had a largely positive fourth quarter, but the Federal Deposit Insurance Corp. still saw signs of concern ahead, including slower overall loan growth.

The longtime bank analyst is one of many who lost their jobs when CLSA shut its U.S. equity research unit; marketplace lender forms group to buy $5 billion of loans

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: Barclays suffers a debit glitch; Harbortouch offers merchant credit; fraud dips at Interac; contactless takes off in the U.K.

The retailer is set to announce Tuesday that it is updating its app to allow its customers to input money transfer information electronically rather than having to fill out paperwork in the store.

Prosper Marketplace will receive as much as $5 billion in loan funding under a deal that will provide investors an equity stake in the San Francisco company

Lost in the battle between banks and retailers — which is being fought with renewed vigor in the early days of the Trump administration — is any consideration of how caps on interchange fees have affected consumer spending patterns.

Capital One co-founder Nigel Morris discusses how his venture capital firm, QED Investors, helps banks and fintechs better understand each other.

It’s unclear whether connecting lenders and borrowers over the internet offers any advantages over traditional lending, according to panelists at the Structured Finance Industry Group conference in Vegas.

The Structured Finance Industry Group and Chamber of Digital Commerce will explore ways distributed ledger technology might speed transaction processing and improve transparency.

Commerce Union had been focused on expanding around Nashville, Tenn., until a lender based 120 miles away was available to hire.

Year to date through Dec. 31, 2016. Dollars in thousands

Firms including Betterment, Coinbase and TransferWise have told customers that despite a bug affecting the content delivery network Cloudflare, their data is safe.

Fifth Third, which is currently barred from buying banks, has announced a pair of nonbank deals in recent months.

Year to date through Dec. 31, 2016. Dollars in thousands

Melanie Dressel was one of the most highly respected bank CEOs in the business. She was also an all-around exceptional person.

Lending by U.S. banks continued to fall in February after dropping the previous two months despite Trump euphoria; American banks are shifting jobs to Asian countries.

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: New CEO at Payveris; Samsung tightens donation policy; Scottish university starts blockchain study; Chain of Points builds a loyalty cryptocurrency.

Credit unions large and small (and all sizes in between) are giving back in a big way.