Economy

It's difficult for acquirers to have the proper payments technology available when merchant interest peaks. This is even more difficult as efforts such as Smart Cities and Internet of Things initiatives overwhelm retailers with options.

On Dec. 31, 2016. Dollars in thousands

The industry needs to establish a clear set of rules and standards so safe and secure financial data access and sharing continues unrestricted.

As trends in payments technology take hold or taper off, it's safe to say that one is firmly entrenched: The shift to mobile and integrated point of sale devices.

The Trump administration’s interest in reinstating barriers between commercial and investment banking is sparking conversations about what such a proposal would entail.

The groups and industry trade associations want the Treasury Department and the FHFA to allow Fannie Mae and Freddie Mac to build up capital reserves.

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.

One in four acquirers say that how they approached Payment Card Industry security standard compliance caused them to lose merchant accounts.

As the House Financial Services Committee prepares for a hearing on the struggles of chartering new financial institutions, CU observers debate whether or not the credit union movement – amid an ongoing trend of industry consolidation – actually needs any new entrants.

The German bank said the new space will help its 7,000 bankers in New York connect with startups.

On Dec. 31, 2016. Dollars in thousands, except for average loan amount

On Dec. 31, 2016. Dollars in thousands.

On Dec. 31, 2016. Dollars in thousands.

The tech giant said it is enabling third-party developers to create financial services apps in the cloud.

In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing business.

Banks are losing wealthier underbanked customers to alternative lenders — an undercurrent that is halting progress in expanding credit access for all.

Citigroup CEO Michael Corbat stuck up for his embattled retail unit in Mexico, downplaying concerns that protectionist White House policies may harm the subsidiary or the overall company's global strategy.

Numerous investor groups have submitted applications in recent months to open new banks. While far from a surge, the filings show that bankers are warming up to the idea of new charters. Here is a look at many of those efforts.

U.S. Bank has gone from monitoring Yelp to working with the technology firm ReviewTrackers to monitor customer comments on 23 sites.

Industry critics argue the Invitation Homes deal will create new risks for Fannie Mae and remove affordable inventory from homebuyers.