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The processor has launched its Integrated Solutions Group, a new segment that focuses on software development tools for integration with First Data platforms.

The Open Financial Exchange has 7,000 installations. More than a decade ago, the industry saw the data standard as the solution to screen scraping, a practice that bedevils them today.

Fourth-quarter profit dropped 5.4% as revenue from its mortgage business declined, Wells Fargo said Friday.

Big banks report; Why Goldman is different

JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell.

Bank of America, the second-largest U.S. lender by assets, said fourth-quarter profit rose 43% as revenue from fixed-income trading increased and expenses dropped.

Banks have traditionally used consumer products to serve small businesses. The growth of alternative payment options means banks may lose customers, particularly among young business owners.

The goal of Deloitte's new blockchain-focused lab in New York is to turn proofs of concepts into real solutions.

A top official with the incoming Trump administration said Thursday that the president-elect is considering former Rep. Randy Neugebauer to run the CFPB, the first clear sign that he intends to dismiss Richard Cordray.

Housing and Urban Development Secretary-designate Ben Carson is open to finding alternatives to the 30-year fixed-rate mortgage, but believes there must be some government backstop to the housing market.

Mary Lynn Lenz shares some insight on M&A challenges and turnaround success, Sallie Krawcheck says Wall Street diversity can't get worse and Ginni Rometty explains why IBM bought Promontory.

The issue stemmed from how the company handled collateralized-loan obligations for calculating capital ratios.

Montreal-based Acceo Solutions Inc. and Mastercard have formed a new partnership to expand Acceo’s in-store payment offering for global e-commerce merchants.

First Internet Bancorp is the latest institution to enter the business or to significantly expand operations.

Kasisto, a provider of chatbots to banks, announced Thursday a $9.2 million Series A funding round led by Propel Venture Partners with participation from Mastercard and Commerce Ventures.

Any economic environment, including this one, has risks but it is unclear whether banks are sufficiently worried about what lies ahead.

Payment companies' efforts to modernize by connecting systems through partnerships and acquisition has invariably caused a chain reaction of competitive issues in the eyes of regulators.

The Consumer Financial Protection Bureau on Wednesday warned about the risks of the online debt sales, alleging that sensitive personal and financial information is available in some instances to any visitor to a debt marketplace website.

Driverless cars have become a big deal in technology and automotive circles, as what seemed to be science fiction just a few years ago gets closer to applied science. But once cars drive themselves, what will passengers do?

Mnuchin to divest; fintech firms may be able to get bank charters