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Profits at the custody bank rose 16%, but it announced a new streamlining program that is expected to generate yearly savings of $250 million by 2020.

The company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth.

Quarterly earnings at big five banks could have been worse; Chase to buy WePay, which helps online marketplaces and crowdfunding websites process payments.

The information you need to start your day, from PaymentsSource and around the Web. Today: iOS personal photo security could protect payments; McDonald's in Singapore installs lockers for smartphones; Did North Korea hack a bank? Kazakhstan plans a virtual currency/Fintech hub.

Global uncertainty is resulting in more and more people beginning to look at the possible impact such issues have on their wealth and how they can mitigate this risk, writes Nigel Green, founder and CEO of deVere Group.

By turning itself into a pseudo payment facilitator as part of a new program, Elavon says it is in a better position to grow by offering services in a fast-growing sector.

Burgess, chairman of FirstCapital Bank of Texas, succeeds Dorothy Savarese, of Cape Cod Five Cents Savings Bank in Massachusetts, as chairman of the American Bankers Association.

President Trump said Tuesday that he has winnowed the number of candidates for the next Fed chair, including potentially reappointing Janet Yellen.

Sir Tim Berners-Lee, creator of the World Wide Web, exhorted developers to think about unintended consequences, saying he felt guilty over the digital divide and the proliferation of fake news.

Frederick Waddell will retire as CEO of the Chicago custody bank at the end of 2017 but will remain chairman.