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Global payments activity should grow at an average annual rate of 5% between now and 2020, to $2.1 trillion, according to the latest McKinsey report. But the continuing success of this trend will depend on how well banks adapt to the digital transformation and capitalize on the opportunities it offers for revenue growth.

Yahoo says no bank account or card data has been compromised in its massive data breach. Yet hackers could use their ill-gotten personal information about customers to mess with bank accounts.

Yahoo says no bank account or card data has been compromised in its massive data breach. Yet hackers could use their ill-gotten personal information about customers to mess with bank accounts.

Fannie Mae employees will be working this weekend to update the agency's automated underwriting machine to process trended data for the first time.

The Consumer Financial Protection Bureau filed a lawsuit this week against a Van Nuys, Calif., credit repair company for deceptively marketing its services and charging consumers illegal fees.

Germany-based financial powerhouses Wirecard Group and Commerzbank have teamed up to launch a new financing service enabling online merchants to receive immediate credit for e-commerce sales, rather than waiting days or weeks for transactions to clear.

Six global banks have formed a standards-setting group for using distributed ledger technology developed by Ripple.

Home BancShares co-founder and Chairman John Allison is shrinking his ownership stake in the Conway, Ark., company for estate-planning purposes.

Consumers using PayPal to complete an e-commerce transaction on a Lenovo laptop computer will be able to use an embedded fingerprint reader instead of a static password.

Payza, the online payment gateway, is launching direct credit card processing to online businesses and merchants in Europe.