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Second-quarter earnings at the Chicago custody bank were flat as increased interest costs offset better yields and fee income held steady.

The hiring of Tim Wennes was one a series of leadership changes announced Wednesday by the holding company for the bank and the auto lender Santander Consumer.

Increased connectivity and speed could mean shorter transaction times for consumers, quicker and more stable connectivity between merchants and acquirers and even an end to offline payments, writes James Daniels, vice president and head of Asia Pacific at FIME.

If the Federal Reserve doesn't maintain an active role, Wall Street megabanks could take over the payments system.

Shelby Community has just 1,000 members and $5 million in assets and will complete the merger into 1st Liberty by the end of August.

The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision not to hire Andrea Orcel if he sues.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal complies with India's data storage rules; Uber tests new subscription service; Union Bank of the Philippines tests blockchain payments; Bitcoin Hyper launches.

Accounts that offer high interest rates can bolster fee income and lower noninterest expenses, though credit unions have to carefully watch these products to ensure they actually make money.

Lawmakers including presidential hopeful Elizabeth Warren have introduced a bill that would put the Federal Reserve in charge of creating its own real-time payments network.

Whenever we have major industry changes generating uncertainty, it’s usually a safe bet that fraudsters find ways to manipulate the situation before we know how to secure it against them, writes Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.