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The startup, known for refinancing millennials' student loans, is now writing more than $100 million of home mortgages a month, and expects this to be its fastest-growing product. Here's why.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Amazon dominates brick and mortar rivals; Intel invests in retail tech; India pushes virtual currency; blockchain's benefits emerge.

Mastercard is launching a mobile payment platform to help farmers be more aware of the needs for produce sales in East Africa, calling it the first use case from technology developed at Mastercard Labs in Nairobi, Kenya, which opened in 2014.

The technology revolution requires ISOs and agents to pursue merchant relationships based on a range of services in addition to traditional hardware.

The bank is first to fail in New Jersey since 2012.

The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $2 billion.

The company would prefer buying banks with $5 billion to $10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville.

JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges.

As president of the secondary marketing agency, Tozer has helped the mortgage market to continue functioning and keep up with changes following the financial crisis.

Violations of Bank Secrecy Act and anti-money-laundering compliance remain a hot topic for financial institutions as regulators can bar them from branch building and bank acquisitions. Here are some notable regulatory actions that are still unresolved.