Banking

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard and Microsoft collaborate on urban technology; Google Pay expands travel payments; Blockchain cross-border grows in South Korea; Flipkart's founders have a past at Amazon.

Welcoming automation into our industry with less friction and fear happens when we understand its overwhelming benefit to our futures and the quality of our work, writes Lauren Ruef, a research analyst for Nvoicepay.

The prepaid card issuer is attracting customers who are more inclined to seek it out through the app store.

The move is part of a larger trend to provide enterprise customers with tech capabilities available to retail customers.

Wells Fargo must pay $97 million to home mortgage consultants and private mortgage bankers in California who didn't get the breaks they were entitled to under the state's stringent labor laws.

Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will join the bank in July.

The CFPB's acting director announced new political hires and more plans to overhaul the agency in an email Wednesday.

After a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared.

Citigroup, Synchrony and other banks are using so-called "journey analytics" to spot weaknesses along the entirety of a customer's interactions with the bank.

The New York-based firm said it now reaches 4.3 million members, a 58 percent increase over the previous year.

The German banking giant isn’t targeting a specific level of cuts in the U.S. and the final figure will depend on each business line’s decisions, a source said. The U.S. makes up about one-tenth of its global workforce.

The House affirmed this week that it would move forward with a vote on a Senate bill overhauling parts of Dodd-Frank, but how far lawmakers push additional relief proposals is still unclear.

Millennials view the ATM as central to how they manage their money and go about their daily lives, writes Yonas Marcos, president and CEO of Star Financial Services.

Thasunda Brown Duckett discussed her journey to becoming CEO of consumer banking at JPMorgan Chase, a career path that, she noted, wasn't available to African-American executives only a generation ago.

The California company ended up selling 1 million more shares than it had originally planned to offer.

Ryan, McConnell say they have a deal on a bipartisan Dodd-Frank rollback; New York won more than $5 billion in settlements from big banks under the former AG.

The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook starts a blockchain unit; New York pushes ahead with cryptocurrency investigation; CPMI pushes security standards; St. Louis Fed recommends government virtual currency; Monzo adds proximity P2P technology.

The legislation, which still needs Senate approval, would let the head of the Small Business Administration raise the program's cap in periods of heavy demand.

Bill supporters say the guidance — which held indirect auto lenders liable for unintentional discrimination at partner dealerships — violated Dodd-Frank, but consumer advocates say the legislation would expose minority borrowers to mistreatment.

Legal costs and legacy issues related to previous management continue to weigh on the online lender's results.