Banking

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Alibaba's revenue grows; Simple changes focus; Lunar's new travel cards; Blockchain adds ether.

The bank agrees to pay $6 million to a California couple a judge said was illegally foreclosed on; do rewards programs help or hurt card issuers?

Regulators reached a $183.5 million deal Thursday to get debt relief to 41,000 students of the bankrupt Corinthian Colleges.

Sanger is out at Wells Fargo and so it is a crisis that gives us our first female board chair at a major U.S. bank. Women lead two major tech initiatives at JPMorgan Chase, which is also adding a fourth woman to its executive committee.

A Fed committee studying Libor’s replacement has dwelled heavily on the potential impact to the derivatives market. Loans may become a bigger part of the conversation later this year, but the panel plans to leave a lot of the specifics up to lenders.

Lynn Harton was finally named CEO of United Community Bank after a five-year apprenticeship, though Jimmy Tallent remains CEO of the parent company. The executives have long touted an ability to bounce ideas off each other as a reason for United's success.

Artificial intelligence is helping detect breaches the human eye can’t. But it also gives hackers an edge.

Pivotus, the software business run by the bank’s former CEO, collaborates with financial institutions from Australia to the Netherlands.

Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.

More than a decade after Walmart’s unsuccessful banking bid, the core reasons to oppose nonbank conglomerates owning banks remain the same.

In theory, businesses that want to run a payment service such as Stripe can sign up directly at their bank, with a competitive rate, writes Ryan James, CEO of Surety Bank.

CULedger, LLC is backed by CUNA, Mountain West CU Association, Best Innovation Group.

The Alabama company agreed to buy FirstAtlantic Financial for $108 million.

Basel Institute says enforcement is the problem; wealth adviser says bank steered clients away from her to white colleagues and blocked her promotion.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Payments innovation advances in Singapore for young and old; Youth payment company Spriggy raises funds; Australia's post office teams with Mastercard for financial inclusion.

Approval from the Federal Reserve is the last remaining hurdle for the $2.2 billion transaction.

Sponsorships, scholarships and other ways credit unions are helping make a difference in classrooms across the country.

In addition to typical industry challenges, family-owned banks also have to address generational leadership and estate planning at a time when an increasing number of their CEOs are looking to retire.

Auto, personal and credit card originations have fallen as delinquencies have risen, but researchers called the slowdown a temporary rebalancing by lenders.

In an in-depth Q&A, early bitcoin adopter Erik Voorhees, founder of the crypto exchange ShapeShift, discusses a new acquisition, an experimental investment product and the future of his industry.