Bank of Montreal’s fiscal second-quarter earnings beat estimates as the waning COVID-19 crisis allowed the lender to set aside less for souring loans and gave a lift to the company’s personal and commercial banking businesses.

The industry reported a net release of reserves, helping to make up for a record-low net interest margin and the first year-over-year decline in loan balances in nearly a decade, the FDIC says in its latest Quarterly Banking Profile.

Share buyback programs, shelved by many banks last year amid pressure from regulators to preserve capital, are back in vogue, with three dozen banks announcing such plans in April alone.

Despite strong payment volume and revenue, Affirm's earnings suffered due to stock compensation and an adjustment on its purchase of PayBright in January.

Now that Western Union has begun its deployment at the big-box retailer, where MoneyGram has long had a presence, the incumbent is watching for signs of pricing pressure.

Cryptocurrency rally enabled the company's Cash App to generate the bulk of its revenue.

Cryptocurrency rally enabled the company's Cash App to generate the bulk of its revenue.

It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.

It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.

FIS is planning to follow the integration of its Worldpay acquisition by adding hundreds of new sales people to bring the combined companies' technology to a wider market.

PayPal saw account openings and payment volumes soar as the world shifted away from cash. And as economies reopen, PayPal must determine whether consumers will continue their aggressive use of digital payments — or return to their old habits.

The company hopes to someday return to 2019 levels of in-person money transfer activity, and its recent pact with Walmart is a big part of that strategy.

The $925 million deal would bring Zego's real estate management and payments software to Global Payments, which views real estate as a $6.5 billion market.

The Texas company kept allowances steady, citing lingering concerns over the pandemic and commercial real estate. Yet it plans to open 25 offices in Dallas after a similar expansion in Houston drove asset and customer growth.

Days after Visa touted its crypto tech and settlement partnership with USD Coin, Mastercard showcased its work with the Central Bank of the Bahamas and supporting innovation such as digital ID.

Days after Visa touted its crypto tech and settlement partnership with USD Coin, Mastercard showcased its work with the Central Bank of the Bahamas and supporting innovation such as digital ID.

CEO Mark Zuckerburg acknowledged the need to simplify the company's payment experience, particularly for virtual reality.

The company, which recently acquired Radius Bancorp, still expects to lose at least $142 million this year and CEO Scott Sanborn did not provide a timeline for profitability. “We’re building this business for the long term,” he said.

CEO Al Kelly sees strong potential in central bank digital currencies and other virtual assets.

CEO Al Kelly sees strong potential in central bank digital currencies and other virtual assets.