Banking

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: a big breach at Tesco; McDonald's will add mobile ordering; Russia wants its payment network to link to UnionPay; no fintech bubble, at least for now.

Depending on the outcome of the election, the fight over two conflicting state ballot initiatives could provide a road map for the embattled payday lending industry or consumer activists seeking bans in other states.

Patent-troll litigation costs American companies $29 billion a year, and fintech startups as well as big banks are now in the crosshairs. A growing number are banding together to defend themselves.

Since the government-sponsored enterprises began experimenting with both front-end and back-end deals in which part of the credit risk is shared with third parties, investors have been watching carefully.

Although blockchain may ultimately solve a few problems really well, the notion of it having widespread application is being questioned.

Furthering a relationship that placed Walmart on the closed-loop ChaseNetprocessing platform, Walmart has committed to accepting the Chase Pay mobile wallet in its stores and in-app.

Gulf Coast Community Bank in Florida agreed to sell itself last month after spending six frustrating years trying to tackle credit issues and angling for a settlement tied to the Deepwater Horizon oil spill.

Customers Bancorp in Wyomissing, Pa., is raising another $52.5 million from the latest in a series of public offerings this year.

Recipients of the 2016 FinTech Forward awards say banks and startups looking to collaborate can overcome their cultural differences by focusing on the customer experience and their complementary strengths.

When Wells Fargo decided to stop calling its branches "stores," it marked the symbolic end of an era. Here is a look back at some key milestones in the development and unraveling of the firm's once-vaunted sales culture.

Fannie Mae's new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan validation technology. But is it enough for lenders to make the necessary technology updates and process changes to implement the tools?

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Singapore's using toll and parking payments as part of a major digital overhaul; a new payment card security threat for Flash Player users; Google allows discount introductory subscription rates.

Nicolet Bankshares in Green Bay, Wis., has agreed to buy First Menasha Bancshares in Neenah, Wis.

The spotlight on unethical sales practices at banks has likely led customers to consider abandoning their financial institution, yet too many factors stand in the way of making a switch.

Seacoast Banking Corp. of Florida in Stuart has agreed to buy GulfShore Bancshares in Tampa, Fla.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

MB Financial in Chicago has appointed an executive from an advanced analytics company to its board. The $19 billion-asset company said in a press release Thursday that Sunil "Sonny" Garg is the energy solutions leader at Uptake.

Santander Bank is offering commercial customers their own mobile banking app. Businesses owners can use the app to deposit up to $15,000 per day without visiting a branch as well as to transfer funds between work and personal accounts.

In her first major presentation as Wells Fargo's head of retail banking, Mary Mack took on the doubters, making the case for why she is the best fit to lead the embattled retail unit. She laid out plans to revamp compensation and internal culture.

Comptroller of the Currency Thomas Curry soundly rejected Thursday the possibility of creating a "safe space" for fintech firms to operate outside of consumer protection rules while they develop and test new products.