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The regulator issued seven prohibitions for offenses including attempted theft and conspiracy to commit bank fraud.

A second activist investor is pushing the company's board to find a buyer.

There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. First State Bank of St. Charles is working on a solution that can help its customers right away, says Luanne Cundiff, the Missouri bank's president and CEO.

The information you need to start your day, from PaymentsSource and around the web. Today: Instagram extends shopping technology; Amazon Go considers movie theaters; J-Coin adds retailers; France releases e-invoice rule; Drive through worker snaps debit card pics.

Adoption of money management instruments offered by banks remains low. One expert explains why.

With the pace of credit unions gaining CDFI certification already slowing, a change to how the Treasury Department reviews applications could have an impact on institutions receiving grants.

More states are adopting mobile driver’s licenses, sparking hope of creating a shareable consumer-driven digital ID to power e-commerce and data sharing among banks, fintechs and merchants.

A lot of the legal risk for banks and traditional payment companies would go away under the law, said Anita Boomstein, a partner at Manatt, Phelps & Phillips.

In a long and storied career, Barbara Desoer has helped shape two of the largest banks in the country, Bank of America and Citibank. The most striking detail? Her biggest role came after she "retired."

With financial institutions relying more and more on cloud computing services, Washington is increasingly focused on the concentration of industry data in the big three technology giants.