Jacob Passy

Planet Payment and Visa have formed an agreement to deliver a payment processing platform to acquirers and merchants worldwide.

JPMorgan Chase will renew its commitment to support the Institute for Veterans and Military Families, an interdisciplinary national institute focused on the issues affecting military members after they leave the service that the bank co-founded with Syracuse University.

Western Union has promoted Jacqueline Molnar to chief compliance officer.

Poage Bankshares in Ashland, Ky., has promoted Thomas Burnette to chairman of the boards of the company and its Town Square Bank subsidiary.

The former chief executive of a Georgia community bank that participated in the Troubled Asset Relief Program was sentenced to prison and fined $3.9 million for hiding the bank's past-due loans and committing other fraud.

RBS' Litigation Costs; Community Bank Relief Bill

China UnionPay and Visa signed a memorandum of understanding Thursday to jumpstart collaboration between the two companies.

The Independent Community Bankers of Minnesota said Jim Amundson will be its next president and chief executive.

Banks Cop to Energy Woes; Regulators Warn Against Russian Deal

U.S. Bancorp announced executive moves at two of its payments units: Jamie Walker was named chief administrative officer for U.S. Bank Payment Services, and Bradley Herring was hired from Fiserv to succeed Walker as CFO of Elavon, U.S. Bancorp's merchant acquiring arm.