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While credit unions posted strong lending numbers and growth stats, the overall number of federally insured credit unions continued to decline during the first quarter of 2018.

The Patriot Act, for example, requires all U.S. businesses to comply with regulations issued by the Office of Foreign Assets Control. Those that fail to comply, knowingly or inadvertently, are susceptible to significant fines and even legal action, writes Peter Shore, general manager of Transpay.

First Midwest Bancorp has agreed to buy Northern States Financial in Waukegan, Ill., for $91 million.

As customers increasingly research products online, they are coming to know more about a bank’s products than workers. This is a problem.

First Internet Bancorp in Fishers, Ind., which went public in 2013, could also use the capital for acquisitions and other investments.

A popular AI open-source platform with bank investors is being combined with IBM hardware and Nvidia processors in the hopes of creating high-speed, “driverless” AI.

Agency says it wants “smaller memberships to ensure streamlined discussions;” the bank hired a U.K. firm to help it better defend against cyberattacks.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon picks spots in Chicago for Go; Italy deploys interbank blockchain; Indian bank gets hit with AML fine; Another startup emerges from the U.K.'s fintech standbox.

There is a growing fraud problem encompassing much more than the direct value of lost merchandise. There is also manual order review, opportunity costs from false positives and the massive overhead of implementing fraud-fighting best practices, writes Ryan Breslow, CEO of Bolt.

Following the path paved by the checkout-free Amazon Go concept, the newly merged Albertsons and Rite Aid are developing their own technologies for faster and more efficient checkouts.