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Japan's biggest bank has been accused by New York officials of dodging tough oversight by swapping its state license for a federal one, putting itself under a U.S. agency on the front lines of President Donald Trump's push to ease financial rules.

The combined institution will have $880 million in assets and keep Vibe Credit Union name.

Bank’s net income plunges, will focus on Europe growth; FTC says the company charged hidden fees.

Banking apps now rank just after weather and social media in usage, according to Alice Milligan, chief digital client experience officer at Citi's U.S. Consumer Bank.

The information you need to start your day, from PaymentsSource and around the Web. Today: BigCommerce gets a big investment; Mobile payments get a virtual currency; Monzo's expansion from payments accelerates; Facial authentication gets more sophisticated; A key that opens all of the hotel rooms.

The most satisfied customers are those who frequently use online or mobile banking, but still visit branches two or three times a month, J.D. Power said in its annual Retail Banking Satisfaction Study.

More fraudsters are seeking out children for identity theft, highlighting another danger of the digital economy.

Mobile and other technology are changing payments and financial services quickly, leaving legacy systems and processes challenged to keep up, writes Ignacio De Marco, CEO of BairesDev.

Putting aside the spin of both credit unions and banks, we offer some informed predictions about how the financial industry would be reconfigured if the century-old tax break were to disappear.

PayPal and Barclays have formed a strategic partnership enabling Barclays customers in the U.K. and U.S. to manage their Barclays and PayPal accounts within each app.