The Latest

Russia will get a countrywide biometric database for financial services starting next summer, the central bank said.

Bitcoin rallied past $15,000 on Tuesday as traders of the world’s biggest digital currency sought to draw a line under its roller-coaster five-day slump.

A voice banking feature was the overwhelming winner in the Speed Round competition at this year's CUNA Technology Council Conference, but it remains to be seen how widely that technology will be adopted in 2018 and beyond.

The information you need to start your day, from PaymentsSource and around the Web, including: Amazon buys WiFi camera maker Blink; Apple's Face ID thwarts family payments; NYC stores that stopped taking cash; and more.

By deploying voice biometrics, organizations including large banks, government agencies, telcos and retailers can not only make the process of authentication easier, but also can protect their customers’ identities from being compromised in the case of a hack, writes Brett Beranek, director of product strategy at Nuance.

Blockchain technology has uses beyond bitcoin, and many companies see merit in using it to handle cross-border payments. But blockchain isn't the only solution to the inefficiencies of international money movement.

Some were sold at discounted prices, while others were shut down by their acquirers or quietly ceased doing business.

Prince Alwaleed bin Talal, who is the largest shareholder of Citigroup and has been detained since early November in a corruption probe, faces a demand from Saudi Arabian authorities of at least $6 billion to win his freedom, according to a report in The Wall Street Journal.

Davis, who stepped down as CEO a year ago, will retire as the company's chairman and as an employee at the end of 2017. Umpqua will then become one of the few publicly traded banking companies with a female chair.

The reduction is “primarily” from a lower value of net deferred tax assets, the bank said in a securities filing Friday, the same day President Trump signed the legislation.