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Two weeks after lawmakers grilled a Facebook exec over its crypto plans, they acknowledged there are benefits from digital currency technology and urged U.S. companies to take the lead.

Lisa Perrin will take over at the Massachusetts-based institution when President and CEO Karen Duffy retires.

Brexit seems more likely than ever, as the U.K.'s new prime minister, Boris Johnson, has committed to meeting the October 31 deadline for a deal to leave the EU. But despite the lingering uncertainty over how that will happen, Mastercard is not abandoning its bullish stance on Europe.

The Las Vegas-based institution said its income for the first half of the year was down as it put more into its loan-loss provision.

While traditional payment processors conquered bitcoin in the first battle, the disruptive potential of blockchain technology remains a potent threat and incumbent payment processors should prepare for a healthy new challenge.

Credit unions will be covering a range of important issues, including community development and enterprise risk management, as they review their operations.

The approach could work as long as the Fed were to add certain thresholds.

In what's being called "one of the largest-ever data breaches of a large bank," Capital One said a Seattle hacker gained access to the personal information of more than 100 million customers; Citigroup plans to cut hundreds of jobs in its global markets division and combine its equity trading and prime brokerage units.

The information you need to start your day, from PaymentsSource and around the Web. Today: BofA ends First Data joint venture; Capital One and Sephora suffer breaches; Grab uses infusion to expand in Indonesia; Ripple wants to be seen as different than Libra; A ransomware emergency in Louisiana; Amazon expands into food delivery in India.

Bank of America said it will end a payments joint venture with First Data next June when a contract between the two companies expires.