Merchant

The Wells Fargo scandal is an example of what happens when a system requires you to effectively hand over the keys to your identity to strangers as if you were giving them your car keys. Moreover, it is a call to banks to restore trust and become leaders in fixing the ID problem once and for all.

Alfred F. Kelly Jr. may be planning to run Visa his own way, but he will still face the same challenges his predecessor did. Here are a few of Visa's most immediate issues.

MCA remains a very active area — and has become fiercely competitive.

Small banks have limited resources to address cybersecurity, but more are turning to advisers and auditors to develop strategies that can keep them safe and compliant.

JPMorgan is continuing its push to snag wealthier credit-card users and gain market share.

Stores are realizing that they don't want to duplicate Starbucks' success.

The EMV and mobile wallet movements have split the retail industry, leaving payment companies in the delicate position of having to support clients with very different technological profiles.

Remember how commercial and industrial lending was a hot item in the first half of the year? Not anymore. Blame election-year blues and a regulatory crackdown on CRE, regional bank executives said. The good news is that the hand-wringing over energy lending has largely subsided and banks are taking advantage of new opportunities in specialty lending.

Two San Francisco supervisors on Tuesday introduced a resolution that would "end all business with Wells Fargo," in response to the fake account scandal and other practices that have harmed consumers.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing: Charles Scharf's tenure; Apple Pay's goals; giving up gift cards.