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The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial.

A British court throws out Serious Fraud Office charges that the bank conspired with Qatari investors to prop it up; investigators open 70 cases against potentially fraudulent cyber deals.

James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering.

The Asian-American bank agreed to buy SWNB Bancorp for $77 million.

The information you need to start your day, from PaymentsSource and around the Web. Today: A big IoT project takes shape in Japan; A crypto ATM opens in Liverpool; Transactive Systems gains faster pay ground; Walmart tries to gain visibility into its resale market.

This month, Vancouver became the first Canadian city to commercially roll out open transit payments. But the city of Laval actually got a head start on Vancouver with a pilot project that is getting a positive reaction from riders.

Most of Generation Z desires more robust and holistic payments management experience, making it a requirement that the financial services industry create new solutions with these preferences in mind. Technology partners and open development can help meet these needs, writes Zavida Mangaru, executive vice president of product strategy and innovation at North American Bancard.

Banks are at the forefront of blockchain innovation, disrupting cross-border payments, trade finance and product development worldwide.

The CFPB is looking to rescind Obama-era policy that allowed it to punish banks and financial firms for unintentional discrimination.

CEO Tim Sloan said that the bank has "pulled back enough" on auto lending and is poised to grow the business again.