PNC Bank and ADP announced on 28 October 2026 that PNC Payroll by ADP will embed payroll, HR, benefits, time tracking, insurance and retirement capabilities directly within PNC's digital banking experience for small businesses. No financial terms, launch timeline or integration depth were disclosed in the announcement.
Valley National Bancorp has agreed to acquire Bluevine Inc., a Jersey City-based digital banking platform serving over one million small business owners, for $340 million. The deal is expected to bring Valley approximately $2.1 billion in deposits and expand its small business franchise.
A class action targeting Apple over fees charged to banks for NFC wallet access has reached a critical procedural milestone, with financial institutions reportedly cleared to pursue the case collectively. The certification step substantially raises Apple's damages exposure and intensifies antitrust scrutiny of its mobile payments model.
US banks have reportedly been cleared to pursue a class action lawsuit against Apple over fees paid for access to Apple Pay, according to a Finextra report that could not be fully verified at time of publication. The precise procedural stage, named plaintiffs and court have not been independently confirmed.
A US court has certified a class action brought by banks challenging the fees Apple charges for Apple Pay access, marking a significant escalation in antitrust scrutiny of Big Tech's grip on contactless payment infrastructure. The case puts America's courts on a path already mapped by EU regulators and Australian banks.
A new PYMNTS-Velera report argues US credit unions represent a structurally underserved fintech distribution channel rivalling national retail banking networks. Our desk examines the claims, stress-tests the membership data and explains why the cooperative model may actually accelerate — not hinder — fintech adoption.
A PYMNTS Intelligence and Velera report argues U.S. credit unions are an underexploited fintech partnership channel, citing NCUA data showing $2.31 trillion in total assets and nearly 146 million members. Rising delinquencies and legacy governance structures, however, pose friction for deals.
CIB Bank has begun offering customers in Hungary free contactless payment rings through a collaboration with McLear's RingPay product, linking directly to eligible CIB Visa and Mastercard cards via Fidesmo's tokenisation platform. The direct-link model removes the need for a separate intermediary account, lowering onboarding friction for cardholders seeking wearable payment capability.
Chime Financial has signed a definitive merger agreement to acquire Central Service Corporation, parent of Stride Bank, for $590 million in cash — converting a seven-year banking partner into a wholly owned subsidiary to be rebranded Chime Bank. The deal, which requires OCC and Federal Reserve approval, is targeted to close in the first half of 2027.