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The Trump administration is “sounding a friendlier tone” toward bankers following the Obama chill; credit bureau takes steps to limit the financial damage.

The information you need to start your day, from PaymentsSource and around the Web. Today: Singles Day reaches another record; BurstIQ builds a cryptowallet; SIX restructures its payments business; Santander picks a vendor for U.K. check imaging.

Financial institutions process hundreds of thousands of interbank payments per day on behalf of their clients, which can be revolutionized by blockchain, writes Angel Diaz, vice president of technology and advocacy for IBM Digital Business Group.

Because wearable payments technology is still considered experimental, it is important to address security before the market for such products gets much bigger.

During the past year, many have hoped for action from Washington that would alleviate regulatory burden and stem the rapid pace of consolidation. But in the current political environment, that appears increasingly unlikely.

As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves.

In mid-2015, several thousand banks registered for dot-bank domains. More than two years later, only a few hundred have converted.

The deal has been approved by boards of both institutions and is expected to close by the middle of next year.

Net income increased by 11.5% and total loans increased by 12.5% year-over-year

The industry was understandably pleased to see its tax exemption isn't on the chopping block, but this contest has only just begun.