Banking

Plans by IDT and MercuryFX to test XRP for cross-border payments are another vote of confidence for Ripple’s products.

StreetShares seeks to tap into the loyalties of military veterans, bringing together borrowers and savers through an online platform.

The addition of Bob Savino as chief product officer comes as BankMobile is poised to spin off from Customers Bancorp and merge with Flagship Community Bank.

Both proposals aim to establish institutions that would be modeled after Bank of North Dakota, the nation's only public bank.

Net interest income has surged thanks to rising rates, but noninterest income has lagged as trading revenue has weakened, refi demand has softened and fees from deposit service charges have barely budged. Is this the new normal?

Enterprise customers will be able to send payment data to the bank through an application programming interface, rather than as XML or Swift files.

Burned by a 2007 deal in Florida, Park National in Ohio had several years to reflect on lessons learned before agreeing to buy NewDominion Bank in Charlotte, N.C.

Executives point out while they are fixing the online lender's very public problems, loan originations are still in the billions and it has expanded into wealth management.

It's the 13th year in a row that the CUSO has been able to give money back to its CU shareholders, capping a record-setting year for indirect auto loan growth driven by the firm.

BOK benefited from rising rates and revenue from its wealth management businesses, even as loan growth remained flat and other fee income categories declined.

Citigroup Inc. CEO Michael Corbat said he’s ready to deploy resources to grow “even faster” in a world of synchronized economic growth from Japan to Europe.

The core processing CUSO had a "record year" in fiscal 2017.

Upper chamber approves nomination to succeed Janet Yellen; Twitter’s operations chief to take over online lender in March.

The information you need to start your day, from PaymentsSource and around the Web. Today: ANZ's mobile pay spikes; ABN Amro leaves Dutch wallet group; DDoS attacks on the rise; How well-known is bitcoin?

Acting Director Mick Mulvaney’s decision to halt the collection of consumer data renders bank exams less effective and ignores existing cybersecurity protections, the Massachusetts senator argues.

SoFi's experience shows that the most prominent names in fintech, while generating massive financial support, still operate in a very volatile world.

A plan by the largest U.S. bank to use part of its tax windfall to enter new markets (including Washington and Boston) could become a serious threat for banks of all sizes in those cities — or looked backed upon someday as a pricey overexpansion.

The Oregon company's commercial and consumer lending grew even though fee income declined sharply.

Consumer lending was a bright spot, but a series of one-time charges, capped by a writedown on its deferred tax assets, led to a nearly $1 billion loss.

The Michigan company's earnings, excluding one-time items, increased meaningfully after it cut operating costs.