Banking

Had Wells Fargo simply complied with regulatory guidelines on multifactor authentication across all channels, there would have been substantially less fraud.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Wearables underperform; Varo, Kasisto partner on bot debit card; EU warns on mobile security; Boloro debuts faster authentication.

The migration has been slow, but COOP Financial Services says there's momentum for adoption and usage. There are also signs that card fraud risk is improving.

Castle Creek Capital has sold its entire stake in Heritage Commerce in San Jose, Calif.

First Midwest Bancorp in Itasca, Ill., has hired the former chief financial officer at Fulton Financial, about two weeks after he announced his resignation from the Lancaster, Pa., company.

Now that the OCC has proposed a limited-purpose bank charter for fintech companies, a host of innovative new banks will soon flood the market — or maybe not.

The National Credit Union Administration acted appropriately, within its legal authority, when issuing its member business lending rule.

Ginnie Mae has revised the wording of the acknowledgment agreements necessary to finance mortgage servicing rights. It sought to resolve a concern warehouse lenders had in the event issuers become troubled.

A former senior teller at Exchange National Bank & Trust in Atchison, Kan., has been sentenced to prison time and ordered to pay restitution after pleading guilty to an embezzlement scheme.

President-elect Donald Trump has threatened retaliatory tariffs on China if they cheat on their trading obligations. A good place to start would be China’s payment card market.

Most of the focus for electronic deposits is on mobile-based solutions, but credit unions shouldn't neglect to develop an online solution for use with a desktop computer and scanner.

First Commonwealth Financial in Indiana, Pa., has hired a former Regions Financial executive to lead several of its consumer lending groups.

The Federal Reserve Board has banned two former Regions Financial executives from the banking industry following their indictment on charges of defrauding the Birmingham, Ala., company.

Scandal, business models gone awry, missing money and executive shake-ups — 2016 had it all. Here are the financial services executives or groups of them who took the heat and will be looking for better times in 2017.

With identity management now established as a distinct industry, it needs an organization to nurture its practitioners like those that exist for the privacy and security sectors.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: U.K. pressures Diebold Nixdorf; Hungary develops national fast transfers; Shake Shack expands mobile order; a new ATM threat.

Peapack-Gladstone Financial in Bedminster, N.J., has filed a shelf registration statement to sell as much as $100 million in securities.

Opes Advisors shows would-be borrowers how purchasing a house fits into their total financial picture, now and years into the future. Many of its loan officers are licensed investment advisors.

Liberty Financial Services in New Orleans said it will redeem more than 11,000 shares of preferred stock it issued as part of the Troubled Asset Relief Program after receiving an investment from BancorpSouth in Tupelo, Miss.

Flagstar Bancorp in Troy, Mich., said that the Office of the Comptroller of the Currency has terminated its 2012 consent order with its Flagstar Bank on Monday.