Jacob Passy

Indian mobile commerce company Paytm plans to test ultrasonic sound waves for mobile payments.

The Minneapolis bank has promoted longtime executive Andrew Cecere to president, a title held by Chairman and CEO Richard Davis for more than a decade.

Legal costs and a tax credit impairment during the fourth quarter at First Horizon National in Memphis, Tenn., offset loan growth and a rise in fee income.

First Midwest Bancorp in Itasca, Ill., plans to close branches and sell unwanted real estate as customers shift to online banking.

First Data has unveiled Clover Go, a new EMV-enabled card reader for mobile devices and the latest device in its Clover mobile point of sale product line.

The former chief marketing officer of the failed Mirae Bank in Los Angeles was arrested following an eight-count indictment stemming from alleged loan fraud.

The Barclaycard app now will allow Near Field Communication-enabled contactless payments on supported Android devices.

Goldman to Pay $5B Fine; Basel Committee Eases Trading Rules

Metropolitan Commercial Bank in New York has named Dale Fredston, a former general counsel at Sterling Bancorp in Montebello, N.Y., to its board of directors.

Diebold has launched a mobile-enabled, self-checkout concept based on its automated teller machine systems.

Earnings Meet Pessimism; MetLife a Primer for Banks?

National Credit Union Administration Board chairman Debbie Matz and Consumer Financial Protection Bureau director Richard Cordray will team up for a webinar on Feb. 9.

SIFI Designation Scares Insurers; Obama Addresses Wall Street

Ford Motor Credit is rolling out a pilot program that allows small groups of people to lease a vehicle together.

Umpqua Holdings in Portland, Ore., has hired Tory Nixon, who played for the San Francisco 49ers in the 1980s, as head of commercial banking.

District Government Employees Federal Credit Union in Washington, D.C., and Whitefish Credit Union in Montana have begun collaboration with COMPASS 4 CUs on regulatory compliance support.

David Foss is set to become chief executive of Jack Henry & Associates in July. He will remain president of the technology and payment processing services provider.

Thanks to Spiral Toys, now even your children's piggy bank has gone mobile.

Lenders Spurn FICO; Sanders Botches Glass-Steagall Defense

CorePlus Federal Credit Union in Norwich, Ct., has rolled out new branding as it starts a major renovation of its company headquarters.