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The Memphis, Tenn., company also reported an improvement in credit quality during the first quarter.

JPMorgan Chase, Wells Fargo and Citigroup report first quarter earnings; Warren Buffett's company sells shares to stay under 10% ownership but is likely to support directors at annual meeting.

Citigroup Inc. generated the most revenue from fixed-income trading in three years, defying some analysts’ concerns about a slowdown in interest rate and currency activity during the first quarter.

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: Android Pay embeds in bank apps; Transferwise moving some offices because of Brexit; ECB's not ready for blockchain; Ant enters Indonesia.

JPMorgan Chase posted earnings that beat analysts’ estimates, fueled by better-than-expected trading revenue and lending margins.

South Africa doesn't rank as high on Mastercard's mobile readiness rankings as some other countries, but a need for convenience and security is drawing more attention to the channel, particularly among the young.

Despite some mixed signals, the Chinese government has shown a willingness to loosen restrictions on imports. That would be good news for international payments players.

The 110-page document offers plenty of new details about what went wrong at the megabank but may leave shareholders wanting a truly independent investigation.

Lawmakers and others want the Trump administration to drop the Financial Stability Oversight Council's appeal of a controversial court ruling, but doing so may be harder than it sounds.

The company is diversifying from its traditional payments processing business into a broad-based provider of payments technology and data services.