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New clients will use vendor’s KeyStone core processing system.

The U.K.’s Payment Systems Regulator and the Bank of England have officially formed the New Payments Systems Operator (NPSO), a regulatory body that will soon replace three existing payment systems.

Shanghai-based Allinpay has become an acquirer for the Discover Global Network, enabling Allinpay merchants to accept all Discover and Diners Club cards in Hong Kong, Diners Club International announced this week.

Systems that run cash management services were built decades ago and prioritized functionality over user experience. That is starting to change as banks invest more heavily in digital upgrades geared toward commercial customers.

A few years after co-founding Level One Bank, CEO Patrick Fehring decided to survey his employees. It turned into a wake-up call.

Vikram Pandit, who ran Citigroup during the financial crisis, said developments in technology could see some 30% of banking jobs disappearing in the next five years.

The recent events of Charlottesville, Va., have exposed the dark underbelly of hate groups and their media channels, and raised fresh questions about how they get funding.

Shane Silvernale and Tessa Bonfante will succeed Carla Hedrick, who retired in March after 37 years at the credit union.

The best solution to the current broken identity system is to flip the authentication process from third parties to the users themselves.

As expected, President Trump has nominated Brian Montgomery to serve as the commissioner of the Federal Housing Administration.