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Operational changes may be enticing to investors, but they threaten the very foundation of marketplace lending, potentially shutting out those the burgeoning sector was meant to serve.

CIBC plans to spend two years focusing on internal growth at PrivateBank except for some targeted wealth management acquisitions, but ultimately capital outlays or takeovers will be necessary to meet its growth ambitions.

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: Square adds e-commerce tools; Europe moves to real time payments; Payment options expand for legal weed; Digital jumps in India.

Readers weigh in on chatbots, Amazon’s physical footprint expansion plans, alternative credit data and more.

All 34 big banks demonstrate they could survive a severe recession; credit cards emerge as the biggest vulnerability, with a projected $100 billion in losses.

As the U.S. chip card migration crawls ahead, companies that have not made the switch are at a particularly high risk for fraud.

The digital wallet market is expanding quickly, giving banks a chance to cement customer relationships by offering their own apps, writes Mike Lynch, chief strategy officer at InAuth.

IdentityMind Global will offer Confirm.io’s remote document verification technology to its clients.

President Trump plans to tap nominees to head the independent financial regulators that will be more willing to listen to industry than past heads, a senior White House official said Thursday.

Former Mellon Financial CEO Frank Cahouet is credited with leading the Pittsburgh company out of a difficult financial period. He was also CEO when Mellon acquired the mutual fund manager Dreyfus, and he rejected Bank of New York’s early attempts to buy Mellon.