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The new regulation mandated by Congress expands eligibility for a simplified reporting form to financial institutions with $5 billion of assets.

The German banking giant is also looking to create a "bad bank" to wind down as much as $56 billion in unwanted assets, according to a person familiar with the matter.

Mastercard is working with its banking partners to introduce True Name cards that will let customers use the name they want on their cards without requiring a legal name change.

HSBC is opening 50 new retail branches in the U.S. and hiring more than 300 staff as part of the British lender's plan to expand services to regions where it has previously been absent.

On Mar. 31, 2019. Dollars in thousands.

The technology is too geared toward consumer use and leaves businesses out of the mix, argues Matt Johnner, president and co-founder of BankLabs.

On Mar. 31, 2019. Dollars in thousands.

Spanish bank BBVA and duty-free travel retailer Dufry are partnering to accept mobile payments from China's WeChat Pay at the Madrid airport.

The deal, among the four biggest bank acquisitions announced this year, would make Prosperity the second-largest bank based in Texas.

The move figures to generate more low-cost funding for the firm’s consumer lending businesses without sacrificing substantial revenue.

Democratic presidential candidate Pete Buttigieg said the way credit scoring is done in the U.S. is fraught with inequality and he's worried the process may get worse with systems based on artificial intelligence.

The executives were hired for their focus on loan origination, portfolio management and securitization.

Public-sector development of a speedier settlement service, to operate alongside the one being developed by The Clearing House, is crucial for seeing that institutions of all sizes are able to take advantage of this technology.

Target in the past 48 hours suffered a pair of unrelated point of sale outages that had at least one thing in common — they resulted in consumers scrambling for a contingency that would have been little problem as recently as four or five years ago.

Credit unions and the rest of the financial services sector, in the spirit of recent criminal justice reform, should be more open to hiring workers with low-level criminal convictions.

The bank is looking to combine several units that invest in income-producing assets; increased scrutiny has led banks to address the risks of climate change.

The fraud challenge faced by issuers and merchants alike has become increasingly complex over the last few years with the prevalence of e-commerce and cross-border payments. Visa's response to these trends has benefited heavily from the global scale it got by reabsorbing Visa Europe in 2016.

The information you need to start your day, from PaymentsSource and around the Web: Target's troubled weekend; Australia's choppy NPP rollout; Alexa shopping for kids; and more.

On Dec. 31, 2018. Dollars in thousands.

Conference overload and sexual harassment response strategies are top of mind as CUNA and NAFCU prepare to simultaneously host their annual summer meetings.