Amilda Dymi

Global Payments Inc. has completed its $420 million purchase of Payment Processing Inc., a provider of payments technology and services for smaller merchants.

As consumer preferences shift, billers must have the resources to deal with the growing demand to pay bills on a mobile device, according to a recent study by the technology vendor Fiserv.

BBVA Compass (BBVA) of Birmingham, Ala., has opened two new banking centers in The Woodlands, Texas, a fast-growing suburb north of Houston.

Carrington Holding Co. has acquired Clear Financial Solutions Limited, a residential mortgage brokerage based in Scotland, in a move that marks the U.S. mortgage conglomerate's expansion overseas.

Capital One (COF) has appointed Daniel deBrauwere head of business credit, a newly created role at the bank's asset-based commercial lending and specialty finance unit.

The Office of the Comptroller of the Currency has approved Horizon Bancorp's (HBNC) request to acquire SCB Bancorp of East Lasting, Mich., and its subsidiary, Summit Community Bank.

New York Gov. Andrew Cuomo has granted Banking Development District designation to Brentwood, an underserved minority neighborhood in Islip on Long Island.

The online business lender OnDeck has partnered with ProfitStars to help provide credit to small businesses that may not qualify for loans from banks or credit unions.

TSYS has renewed an agreement Missouri-based Commerce Bank to handle its credit and signature debit cards, adding PIN debit services as well.

For the first time in more than three years, the total balance of new mortgage originations is larger than that of loans in foreclosure, according to Equifax.

Digital Authentication Technologies, a location identity software provider, is integrating its Contextual Location Fingerprint technology with a broader set of security products encompassed by the McAfee Security Innovation Alliance partner program.

Mortgage Network in Danvers, Mass., has opened its first office in neighboring Rhode Island.

The National Fair Housing Alliance has filed a federal housing discrimination complaint against Deutsche Bank, alleging that the bank's foreclosed home management practices in mostly white populated areas are "strikingly better" than in African-American and Latino neighborhoods.

Jay Fastow and Denise Plunkett have joined Ballard Spahr as partners in the firm's New York office. They will be members of Ballard Spahr's Litigation Department and the firm's Consumer Financial Services and Antitrust Groups.

In a rare implementation of finger vein authentication, Bank of Lanzhou, in the Gansu province of China, has begun the full-scale deployment of ATMs that use finger scanners to verify users' identity.

In an effort to create "one of the largest pure-play" business process outsourcing companies in the U.S., HandsOn3 has entered into a definitive agreement to acquire BPO provider BancTec.

SunTrust Banks (SBT) has shifted marketing chief Rilla Delorier into a new role in which she will be oversee SunTrust's consumer banking strategy.

"Servicers now face compensatory fees, not for mistakes or unreasonable delays, but simply as the cost of doing business," Mortgage Bankers Association President David Stevens says.

Digital banking could help put roughly 35% of the mortgage share of traditional banks in North America up for grabs by 2020, according to Accenture Credit Services research based on in-house client data.

Survey data show that by midyear 2013, Internet-based mortgage sales in the U.S. increased 75% year-over-year, leading to a 16% decline in branch sales.