BofA launches Account Validation service

With fraud on the rise, companies can no longer make assumptions about whether the person or entity on the other end of a payment is who they say they are.


MUFG Mulls Sale of U.S. Banking Arm

Smaller U.S. banks have been exploring mergers to complete with larger rivals and fintech companies, and overseas banks with U.S. operations are exploring their sale to benefit from higher acquisition prices.