Banking

A Nebraska banking veteran put up $1 million of her own money to create a microlending program that doesn't require business owners to provide traditional collateral.

With the future of payday lending in flux, the Office of the Comptroller of the Currency has the ability to help provide consumers with a better credit option.

Better information security will remain the foundation of success as the financial services industry moves quickly to engage new business models.

The money will be used to hire more people. It is also a morale boost for the group, which has suffered some high-profile recent defections.

Bank agrees to pay $97 million as DOJ drops criminal charges involving money laundering at Citi uni; digital currency price roars past $2,200 as Japanese catch the bitcoin bug.

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: Apple Pay expands in the U.K.; Smart contract group gets much larger; PayPal battles Pandora over logo; EU tries to settle screen scraping dispute.

David McLaughlin, founder and CEO of QuantaVerse, discusses how artificial intelligence can improve anti-money-laundering compliance; the problems of de-risking and "defensive filing" of suspicious activity reports; the Clearing House's proposal to reduce banks' AML costs; and more.

Online lenders are evading New York regulations by claiming their loans are “made” by federally chartered or out-of-state partner banks, Department of Financial Services Superintendent Maria Vullo told lawmakers Monday.

The gray-bearded ATM would seem like a goner since mobile usage is surging and cash withdrawals are flatlining. But banks such as JPMorgan, B of A and PNC are pouring money into overhauling them in a bid, oddly enough, to attract a younger generation of customer.

Helping youngsters learn to save, giving back to local nonprofits and other ways the movement is demonstrating the credit union difference.

Union Bankshares is poised to become a nearly $12 billion-asset bank in a state that lost most of its midsize institutions in the 1990s and early 2000s.

Nasdaq and Citi are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments.

Year to date through Mar. 31, 2017. Dollars in thousands

Users want more control over their data and more seamless integration with their financial tools. Banks and credit unions cannot wait for a regulation like PSD2 to move forward.

Year to date through Mar. 31, 2017. Dollars in thousands

A dozen years after it pioneered the technology, the company now says any bank or credit union using RDC is infringing on its innovation.

Santander Consumer USA, one of the biggest subprime auto finance companies, verified income on just 8 percent of borrowers whose loans it recently bundled into bonds, according to Moody's Investors Service.

The company agreed to buy Commerce Bancshares, which has three branches in Boston.

The creators of a top "altcoin" are building privacy features for JPMorgan's blockchain platform.

The $701 million acquisition will make Union the biggest community bank based in Virginia.