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.