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“It wouldn't be unusual” for the Federal Reserve to work alongside private-sector operators in the creation of a U.S. real-time payments system, its chairman said.

Anti-money-laundering regulations are among the most costly, and few criminals get caught. Banks say there’s a better way.

JPMorgan Chase has become the first card issuer to join the Visa and Billtrust Business Payments Network in an effort to streamline the delivery of electronic B2B payments for its commercial card clients.

Jelena McWilliams said federal bank regulators have made progress in developing a proposal but acknowledged that the reform process has been slow.

Those that were prohibited from working at federally insured institutions include a former credit union employee who pleaded guilty to money laundering and embezzlement.

Banks are discovering that streamlining mobile apps and websites goes a long way toward improving customer satisfaction.

Two of the three multibillion-dollar payment mergers announced in 2019 closed this week, and these global giants must now fend off the invigorated fintechs eager to nab unhappy merchant and bank clients.

Sean Daly, the Middletown, R.I.-based institution's CFO, will take over as president and CEO when Ellen Ford steps down in November.

Earnings at the U.S. unit of the Spanish banking giant Banco Bilbao Vizcaya Argentaria fell 13% from a year earlier.

If Bank of America had decided a few years ago to end its joint venture with First Data, it would have been looked upon as just another instance in which a bank was either planning to handle its own payments in-house, or turning those tasks over to a processor.