Colin Wilhelm

Silicon Valley Bank, based in Santa Clara, Calif., has selected 18 students from colleges around the country to participate in its inaugural SVB Trek, a program connecting students to West Coast tech leaders, including entrepreneurs and venture capitalists.

The Washington Metropolitan Area Transit Authority (WMATA), commonly referred to as Metro, will launch a contactless payment pilot to open doors for open-loop mobile wallets to be used for transit fare.

First Financial Northwest in Renton, Wash., has gotten regulatory approval to receive a $70 million dividend from its bank unit.

Wells Financial in Wells, Minn., has agreed to buy St. James Federal Savings and Loan Association in St. James, Minn.

New Zealand-based financial services institution Westpac has contracted Gemalto, a Dutch digital security company, to provide its mobile payment technology to Westpac's customers.

Uber, the ubiquitous black-car company that popularized the use of mobile apps to book rides, will switch to a two-tiered payment system to continue operations in India.

J. Thomas Wiley will become chief executive of the company's banking unit. The move could free up Joe Evans, the company's CEO, to focus on deploying capital, which could include more acquisitions.

Space Coast Credit Union will work with ACI Worldwide, an electronic payment and banking service provider headquartered in Naples, Fla., for its online and mobile banking as well as electronic payments.

The Federal Trade Commission has ordered two debt sellers—St. Petersburg Florida's Bayview Solutions, LLC and Riverside, California's Cornerstone and Company, LLC — to notify customers about alleged disclosures of their personal information.

ConnectOne Bancorp in Englewood Cliffs, N.J., expects to record a charge in the fourth quarter tied to an online fraud scheme.

The new owners of First Mariner Bank believe the Baltimore bank could return to profitability in the first quarter.

Banc of California has completed its acquisition of the Southern California branch network of Popular Community Bank.

Central Bancshares in Muscatine, Iowa, has agreed to buy Buffalo Prairie State Bank in Buffalo Prairie, Ill.

NCR's updating its NCR Silver point of sale system to support Bitcoin transactions as retailer acceptance of virtual currency starts to accelerate.

Payveris has hired financial services technology veteran Jeff Weikert as president, as the technology company adds new services designed to make smaller financial institutions more competitive with alternative startups.

BBVA Compass is planning to direct $11 billion to lower-income communities. The $76 billion-asset company’s pledge includes $6.2 billion to small businesses and $1.8 billion in community development loans.

Hanmi Financial in Los Angeles reported higher quarterly earnings as organic loan growth and an acquisition offset significant margin pressure.

U.S. Bank, which has been aggressively building business payments technology, is adding Viewpost’s electronic invoice and payment network to the bank's website.

As banks struggle to make sense of their wealth of customer information, the burgeoning industry of online marketplace lending is finding novel ways to glean insights from unconventional data points.

Remittance provider TelUPay is relying a local ATM network to reach the substantial remittance payments market in Indonesia.