Banking

The heightened refinancing activity is seen as increasing Ginnie Mae prepayment speeds and reducing the value of mortgage servicing rights.

Green Dot reported net income of $2 million in the third quarter as the prepaid card issuer sought to overcome the revenue it lost by discontinuing one of its most popular products.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: India's elimination of much of the country's cash causes confusion; new tech allows Touch ID for gloves; Alipay debuts in France; Denmark opens a tech center.

The credit agencies played a role in the Great Recession, but marketplace lenders still need ratings oversight to make their businesses viable.

UpLift is the latest Silicon Valley startup seeking to peel off a slice of the $1 trillion credit card market.

Lots of banks offer P-to-P and bill pay, but Fiserv's research suggests institutions can make improvements in making consumers aware.

Machine learning can revolutionize online financial management tools by not only tracking payments, but creating a way to change payment habits in the future, says John Frankel, a founding partner of the New York-based ff Venture Capital.

Many community bankers are hopeful that the pro-business Republican will reduce regulatory costs for them and their customers, but others remain concerned about Trump's lack of specifics on job creation.

President-elect Donald Trump might attempt to remove Consumer Financial Protection Bureau Director Richard Cordray from his post and boost legislative efforts to weaken its powers.

To jawbone Mexico into paying for the wall, President-elect Trump has threatened to suspend remittances. Such a move would disrupt one of the busiest corridors of money in the world.

Bill.com has gained traction in recent years with a few large banks that market its electronic bill payment service for businesses, but reaching a wider audience has been tough because small businesses are a tough nut for banks to crack.

Green Dot reported net income of $2 million in the third quarter as the prepaid card issuer sought to overcome the revenue it lost by discontinuing one of its most popular products.

Kenny and Sean Salas, founders of Camino Financial in Los Angeles, have a pretty good idea of what it's like to be a Hispanic small-business owner who can't catch the attention of traditional banks. They have established an online marketplace, a credit-scoring model and relationships with online lenders to help fill the void.

New York Community's acquisition of Astoria Financial will not get the necessary regulatory OK this year, but both parties “remain committed to the transaction,” the CRE-heavy acquirer said.

Bill.com has gained traction in recent years with a few large banks that market its electronic bill payment service for businesses, but reaching a wider audience has been tough because small businesses are a tough nut for banks to crack.

Will another reason for market fluctuations hurt stock-heavy merger agreements? Will the promise of lighter regulation give buyers more time to chase deals, or encourage prospective sellers to stay independent? The wheels are already turning in the minds of dealmakers after Trump's defeat of Clinton.

In a message to employees Wednesday morning, JPMorgan Chase Chief Executive Jamie Dimon said the election of Donald Trump as president reflects a "deep desire for change.”

Threats to the industry's control over payments were apparent before PayPal became popular. However, risks are even more visible and real today.

Tesco Bank, based in Edinburgh, Scotland, has refunded 2.5 million pounds (about $3 million) to 9,000 customers who were affected by a large-scale online banking cybertheft last weekend.

Voters in South Dakota on Tuesday overwhelmingly approved a measure to cap interest rates on payday, installment and auto title loans at 36%, while rejecting a competing amendment sponsored by a large payday lender.