The Latest

The information you need to start your day, from PaymentsSource and around the Web. Today: New Yorker commuters flock to contactless payments; European software companies develop Bluetooth transit pay; Sberbank and McDonald's team up; Google Pay plans navigation improvements.

Jeremy Balkin, head of innovation at HSBC Bank USA, shares how the bank is investing in retail innovation, including a $350 million core system.

The number of mergers approved in the first quarter was down significantly but experts are unsure of how long that will last.

Digital payments are creating a wealth of data that can be used to inform other types of financial services for managing debt or promoting financial inclusion — and these services are, in turn, attracting the interest of venture capitalists.

Transit has pushed contactless payments in the U.K., and it will happen in the U.S. too, according to Daniel Kornitzer, chief business development officer for Paysafe Group.

Lenders are turning to the Farm Service Agency to backstop more loans as their Midwestern customers are beset by flooding in addition to the U.S. trade war with China and volatile crop prices. Can the FSA meet the increased demand?

Alkami Technology said it would use its latest round of funding to expand its white-label services for small banks and credit unions.

Founders Bank is the latest de novo effort that will target the nation's capital.

The good news for financial firms is Congress has moved closer to reforming anti-money-laundering rules. But left behind in the effort is the reform most coveted by the industry.

An unusual succession plan at Burke & Herbert Bank raised speculation that Virginia's oldest bank might be interested in buying another institution, for the first time in its history, or even selling to a larger rival. The bank's interim CEO, and the man who will replace him, have other plans.