1+ day, 10+ hour ago   (751+ words) A bank known nationally for punching above its weight in commercial real estate and Small Business Administration lending has decided to lavish some tender loving care on its branch network in Maine in hopes of ultimately strengthening its funding base....

1+ day, 11+ hour ago   (479+ words) This includes a melding of the expertise of the two companies. BVNK sells technology that connects payment networks such as Swift, Sepa, ACH and Fedwire with stablecoin rails. "Blockchain payments are complex and there's a lot of nuances," Vander Leest…...

2+ day, 12+ hour ago   (572+ words) Stablecoins have gotten a lot of attention but not a lot of tangible releases, at least among banks. U.S. Bank this week took an early mover step toward issuing its own stablecoin. The bank has executed a test payment using USBDC,…...

2+ day, 21+ hour ago   (409+ words) AI agents are also beginning to participate directly in payments. Visa's U.S. pilots have executed agent-initiated consumer and B2B purchases, while several European banks including Barclays, BBVA, ING, and Lloyds Banking Group have completed live agent-executed transactions. While banking agents are typically…...

3+ day, 3+ hour ago   (1204+ words) Overview bullets generated by AI with editorial review. A payment processor, Humboldt Merchant Services, stands accused of pushing through more than $100 million worth of payments for sham merchants. The Federal Trade Commission, or FTC, says a consulting firm working for…...

4+ day, 14+ hour ago   (814+ words) Like any AI model, a generative AI model is only as good as the data it's fed. But how do you know you have good data?Some bank technologists are answering this question with the concept of a "nutrition label....

4+ day, 15+ hour ago   (710+ words) Executives at Seattle-based WaFd Inc. and EverBank Financial in Jacksonville, Florida, insist they'll be stronger together since their merger, announced late Monday, addresses key issues for both companies. For the $46.7 billion-asset EverBank the deal diversifies a funding profile that has…...

4+ day, 16+ hour ago   (449+ words) Circle Internet Group is expanding its reach in the Asia-Pacific region with the acquisition of Singapore-based payments company Tazapay. The stablecoin issuer has agreed to buy Tazapay, a business-to-business, cross-border payments company, for $400 million in stock, the company said Tuesday....

5+ day, 21+ hour ago   (684+ words) However, the true promise of tokenization isn't solely in creating new digital assets. It's making assets significantly more useful and delivering meaningful impact to an organization's P&L. This is the next test for the industry. Accelerating adoption leaves no room…...