Fiserv will receive an unspecified cash payment from the bank. The payments processor will also take a $400 million to $600 million impairment charge this year related to the joint venture.
Brex, the expense management fintech, has launched an embedded payments tool to chase the potential the company sees with partnerships, expanding its reach beyond direct sales. “This fundamentally ...
The $6.1 billion-asset Five Star is hardly the first lender to back away from BaaS. Wyoming-based Mode Eleven Bancorp said in April that it would voluntarily retreat from the space after the Federal ...