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The bank entangled in probe of Michael Cohen; Mayopoulos to leave at yearend, CFO Benson to become president.

At its current pace, the Global Payments Division of INTL FCStone Ltd. says it could process more than $1 billion in payments each year in Brazil.

The information you need to start your day, from PaymentsSource and around the Web. Today: Commerzbank gets help for faster payments; China gets even tougher on cryptocurrency; Game of laundering; Lil' Flip does marketing for Fit Pay.

The $2.9 billion deal is the Georgia company's first traditional whole-bank acquisition since 2006. It is also the year's second-biggest bank acquisition.

Multifactor authentication is table stakes in today's breach-heavy environment. Falling short of that standard creates a dangerously high threat, according to David Vergara, head of security product marketing for OneSpan.

Dynamics has been in the high-tech payment card game long enough to see its market disrupted by two major shifts: the U.S. EMV migration and the launch of Apple Pay. Going forward, the company may find that the best way to deal with a fickle U.S. audience is to focus its attention elsewhere.

The announcement comes as Fannie Mae promoted David Benson to serve as president of the government-sponsored enterprise.

The Salt Lake City company reported a 21% increase in second-quarter profits, even as its decision to scale back commercial real estate lending muted overall loan growth.

Dan Loeb’s Third Point has taken a stake in PayPal Holdings Inc. in a vote of confidence for the payments processor as it faces increasing competition from the likes of Amazon.com Inc. and Square Inc.

Europe's new data privacy rules have forced banks to get creative to protect sensitive data from in appropriate access or breaches.