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The Cincinnati, Ohio, bank targeted Rize Money due to its "ease of accessibility," according to Fifth Third's head of wholesale payments. The acquisition comes as the $205 billion-asset bank has seen wealth and asset management revenue decline in recent years.
May 22 -
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A processing rail that's always turned on can potentially help a credit union that's multiple time zones away from partners, or a community bank looking to automate payroll.
May 22 -
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Data-aggregator Kasheesh enables consumers to fund purchases and build credit scores using a combination of credit, debit and gift cards, based on recommendations powered by artificial intelligence.
May 19 -
The government's routine disbursement of funds to millions of workers, contractors, and retirees could become uncertain if it's forced to default.
May 18 -
Ripple buying a Swiss crypto-custody firm, Binance leaving Canada, and more.
May 17 -
The bank is working with The Clearing House and real estate tech company EMTransfer and is hoping to cut paper and time from the process of selling property.
May 17 -
The U.S. Postal Service wants to help banks fight a rise in check scams by adding electronic locks and other security at mail collection sites, but the problem has many causes.
May 16