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Whatever the central bank decides, it is sure to ruffle a lot of feathers in the industry.

Norman Mann II, who has worked for the institution for more than a decade, will take over as president and CEO for Danny Gregg, who is retiring.

Consumers are stuck using outdated or easily compromised means of proving their identities in a world where banks and retailers need something better. Mastercard and Microsoft are teaming up to take on this monumental challenge.

Banks are generally reluctant to let industry entrants run their infrastructure, and few fintechs dare try. Enfuce, which was founded by local industry veterans, bucks the trend.

U.K. consumer spending growth slowed in November as concerns about Brexit prompted households to become more cautious with their cash.

The online lender has acquired NextGenVest, which uses AI and text messaging to advise high school and college students about getting loans. CommonBond’s goal is to better understand the distinctly different demographic group rising behind millennials.

Many credit unions have resumed normal operations, but some institutions locations in nearby Eagle River, closer to the epicenter, need more recovery time.

Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking.

This will be the 10th consecutive special patronage dividend that the Ohio institution has paid out to members.

Bluefin Payment Systems is rolling out a service to simplify compliance tasks for merchants that have adopted point-to-point encryption (P2PE) services to protect card data at every stage of the transaction.