Kristin Broughton

Discover President Roger Hochschild, testifying at a government antitrust trial of American Express in federal court in Brooklyn, N.Y., said his company tried to offer low interchange rates in the late 1990s and then gave up because bigger, higher-cost rivals had too much market power.

Prepaid processor i2c, Inc. has opened a new office in Singapore as it extends its operations the Asia Pacific region.

F.N.B. Corp. (FNB) has moved its corporate headquarters to Pittsburgh.

Alternative payments provider ZipZap has added new Central and South America nations to its cash-to-Bitcoin network.

First Data has launched a payments platform for online and casino-based gaming.

American Express charges the highest average fees of any card network and Amex’s rules prevent retailers from taking steps to reduce those costs, the Department of Justice argued in court on July 7.

A trial that began Monday in a government lawsuit against American Express will determine whether merchants are allowed to offer incentives to consumers to use a particular credit card. The two sides completely disagree on whether Amex's rules ensure or undermine competition.

New federal requirements for private mortgage insurers aim to standardize coverage across the market. That's left some companies looking for ways to distinguish their products as they vie for lenders' business.

Yapital, a payment technology company based in Luxembourg, is testing a feature that will allow consumers to authorize payments with their fingerprints. The technology is aimed replacing PINs that consumers use to authorize purchases though the Yapital app.

Complete Financial Solutions, a mortgage and financial services company in Spokane, Wash., has agreed to buy American Patriot Bank in Greenville, Tenn.

Bank regulators on Wednesday released updated metrics used to evaluate compliance with interstate banking laws.

Tim Hortons and the Canadian Imperial Bank of Commerce have begun offering an interactive credit card that can change its funding source at the push of a button.

Optimal Payments, a payments and risk management company based in London, is acquiring two online payment firms in an effort to expand its business in the U.S.

American Express has finalized the creation of its joint venture for business travel, which has raised $900 million in capital from investors and expanded its executive team.

First Niagara Financial (FNFG) in Buffalo, N.Y., has recruited a former executive at JPMorgan Chase (JPM) to join its board.

Citizens Financial Group is rebranding its Charter One retail locations, part of the preparations for its spinoff from the Royal Bank of Scotland.

William Dudley, head of the Federal Reserve Bank of New York, has been elected chairman of the Economic Club of New York.

PayPal has added a new fingerprint identification option to its app for users of Samsung's Galaxy Tab S tablet, furthering PayPal's push to be an early adopter of Samsung technology.

PayByPhone has been selected by Florida International University in Miami to provide a cashless payment service for its campus parking lots.

KPMG Corporate Finance has acquired the assets of Denver investment bank St. Charles Capital.