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The private equity firms plan to sell a total of 3 million shares in the Houston company in coming weeks.

The data-sharing directive has gotten off to a rocky start overseas, underscoring the need for domestic banks to start educating customers about the model well before it’s adopted stateside.

Banks will have to show they can withstand “severely adverse” conditions; the office will be under the direct control of acting director Mick Mulvaney.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon patents wearable tech; Grab expands; New tech for the gig economy; Messenger payments expand in Belgium.

Strong holiday spending was marked by active e-commerce spending, providing an impetus to invest in more digital payment technology.

For financial institutions to match Venmo and Apple Cash's power, they need an embedded, mobile and social payment strategy, write Richard Crone and Heidi Liebenguth of Crone Consulting.

The bank's commitment in the last couple of years to an "agile" environment of rapid testing and learning produced answers within a couple of months.

Readers react to a clash between Mick Mulvaney and Richard Cordray, opine on how quickly Congress can move financial services legislation, slam calls for increased bank consolidation and more.

How do you eliminate "pain points" in the banking experience, increase wallet share and improve loyalty? Companies like Ally, USAA and Bank of the West are believers in tracking the customer journey to find the answers.

Consumer advocates see acting CFPB Director Mick Mulvaney's restructuring as an attempt to reduce oversight and penalties for firms that discriminate against borrowers.