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Banks have not adjusted their business models to accommodate growing numbers of financially precarious Americans. But hard times should not disqualify people from the banking system.

First Data hopes to enhance its ability to integrate payments with other merchant services by acquiring the processor and technology company CardConnect, which is already one of First Data's largest distribution partners.

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: First Data makes a big acquisition; Cash associations join forces; Russians work on quantum blockchain; Pacemakers are vulnerable to hackers.

Reliance on asset-based loans protects banks as retail chains flounder; average FICO score hits record 700 while the percentage of those with scores below 600 hits new low.

A new blockchain mobile app, the first of its kind, is making waves across the pond with the goal of making “everyone a bank.”

A new survey finds that 14% of small and medium-size businesses switched banks last year and 18% are considering switching this year. Doug Brown senior vice president of FIS, explains why, and what banks should do about this.

PayPal has worked to build support from retailers and consumers, positioning it well in the competitive e-commerce game, writes Lauren Freedman, senior vice president of digital strategy at Astound Commerce.

Pizza Hut has played a large role in building China's middle class. It's also a major cog in Ant's investment in Yum China.

The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January.

Hackers installed software to grab customer data from point of sale systems earlier this spring.