The Latest

The debate about which side is right about the appropriate method of opening up financial data access is a distraction from the real issue at stake: the pace of innovation.

Canada's largest lender reported double-digit profit growth in its latest quarter in part because of CEO David McKay's focus on expanding in private wealth and commercial banking in the U.S.

The British bank recovered after two years of red ink and is close to finishing a major restructuring; DOJ, Treasury and New York state are investigating the credit card lender.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

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: Frank Abagnale says security tech isn't enough; First Data scores a naming rights deal with the Mets; Payments data fights human trafficking; Phishing attacks spike.

As more payment and financial services companies use the app store, there's vulnerability to new cyber attacks that try to take advantage.

Payment companies like Braintree and the card brands have opened up their technology to external developers. The next generation of merchant apps will require even more flexibility and speed.

A core processing startup gets $16 million and a U.K. challenger bank raises $27.6 million.

MUFG Union Bank is launching PurePoint Financial, a largely online savings bank that will still offer opportunities for face-to-face interaction.

The Dallas-based lender is planning to boost originations to borrowers with solid credit scores amid fears that the subprime auto market is overheating.