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Allen Parker, who led Wells Fargo during its six-month search for a new chief executive, will leave the bank next year.

It’s the company’s responsibility to come forward with the information about how an algorithm that could be discriminating against women borrowers was designed and the exact impact of it, she said.

Consumer demand for digital financial services will inspire a wave of new partnerships.

Service Credit Union announced several promotions across the organization while other institutions made their own personnel moves.

The tech giant’s plan to offer checking raises concerns about how it will use customer data; third quarter loan originations were the second most on record.

Google Pay adds banks in Singapore; a contactless pay shirt debuts; and other information you need to start your day, from PaymentsSource and around the web.

Member business lending growth has fluctuated in recent years but growth overall is slowing even as balances continue to rise. The long run of success could prove to be a problem when the economy finally turns south.

For decades card networks and issuers outside of China have tried to enter the giant Chinese consumer payments markets, but mostly have run into walls because of shifting regulations.

Payroll processing provides the same kinds of efficiencies that can streamline procure-to-pay systems, says Nvoicepay's Jim Wright.

Banks are putting more effort in deposit gathering and fee-based products to offset thinning margins and increased payoffs by small-business clients.