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First Data Corp., the payments processor that went public last year, halved its losses in the first quarter as revenue increased.

The Department of Education wants to make student loan payments easier through the launch of a single Web portal for federal student loan borrowers.

CIT Group named John C. Erickson president of its consumer bank and head of operations in California. Erickson, 54, will be based in Pasadena, California, and report to Chief Executive Officer Ellen Alemany.

A decline in expenses and a modest rise in lending income boosted first-quarter profit at Popular in San Juan, Puerto Rico.

Recent prosecutions against lenders accused of usury violations will test the government's use of a law more commonly known in organized crime cases.

A team of runners from Texas Trust ran a 5K to raise funds for a local hospital and other great things credit unions are doing in their communities.

Are Banks Really TBTF?; Swift Security Update

Growth opportunities for e-commerce companies looking to go global in the next few years are huge, but many are daunted by the complexity of different online payment approaches used around the world, say international e-commerce payment experts.

It didn't take long for debit card issuers affected by the Durbin amendment fee caps to cut back or eliminate rewards programs to recoup costs. Issuers now engaged in the increasingly competitive credit card rewards and loyalty environment may soon have to face that same decision.

The breach experienced by Mossack Fonseca did more than expose sensitive tax documents for global figures in politics and business. It's also a warning sign for any company that manages large amounts of financial and transaction data.