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CFS and its sister company, Sorrent Pacific Financial, will retain their current leadership but be owned by Atria, a newly formed modern wealth-management holding company.

The three bitcoin wallets that are linked to the WannaCry malware, which hit hundreds of thousands of networks using Microsoft Corp.’s operating system in 150 countries, were emptied out Thursday morning, analysts have confirmed.

Bankers who shake more hands, ask more questions and, yes, hand out more business cards than the competition will win more clients.

Square Inc.’s lending business is booming, but Chief Executive Officer Jack Dorsey said that rather than competing with banks, his company is focused on offering traditional banking services to more merchants and consumers who might not have easy access to them.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Politics may impact Ant/MoneyGram deal; First Data extends sports branding; Singapore forms payments committee; Ransomware's severe impact on small business.

The bank agreed to pay $4.6 million to settle charges it didn't tell consumers why their checking account applications were rejected; Winklevoss brothers to supply bitcoin data to Chicago exchange.

The online lending platform Kabbage announced Thursday it has raised $250 million from the Japanese telecom giant SoftBank, marking its largest equity fundraising round to date.

Shopping and paying for goods with a smartphone or tablet has been a staple of modern consumerism for years, but mobile wallet adoption is just at its early stages, writes Lisa Stanton, president of InAuth.

Enticements such as rewards, loyalty points and coupons seldom face pushback as a marketing concept, but there's been recent concern that these programs are devouring potential revenue from consumers who would be willing to pay full price.

Not long ago, self-checkout lanes were seen as an encroachment on traditional retail sales, depriving shoppers of the personal touch that comes with interacting with a cashier. Today, this model is under attack from mobile devices, which are both more high-tech and more personal.