Kristin Broughton

More than 40% of the 2 million recently modified mortgages facing interest-rate resets are underwater, according to Black Knight Financial Services data.

Payza, a London-based payment technology firm, has simplified its process for enrolling new users.

The Federal Deposit Insurance Corp. is looking to ban a former Tennessee banker from the industry following his institution's 2012 failure.

Business owners in Southeast Asia who use Bangkok Bank's payment services will be able to accept cards on the Discover Global Network, under an agreement with Discover's Diners Club International Ltd.

Eastern Virginia Bankshares (EVBS) said Thursday that it has agreed to acquire Virginia Company Bank (VGNA) for $9.2 million in stock and cash.

Fifth Third Bancorp of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment processing firm Vantiv.

Citi (NYSE: C) has named a new head of its middle-market lending business.

Fifth Third Bancorp (FITB) of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment process firm Vantiv (VNTV).

Seacoast Commerce Bank (SCCB) in San Diego has opened a new loan production office in Boise, in an effort to extend its Small Business Administration lending business to Idaho and eastern Washington.

Bank of New York Mellon (BK) has named a president for its corporate trust business.

The payment processing company Total System Services Inc. has hired a new global chief procurement officer.

The payment processing company Total System Services Inc. (TSS) said on Tuesday that it has hired a new global chief procurement officer.

A unit of Sun Trust Banks (STI) has opened a corporate and investment banking office in Boston.

The fleet card provider WEX Inc. has extended its contract to provide private-label and fleet card services for Phillips 66.

California Bank of Commerce (CABC) in Lafayette plans to raise $12 million through a secondary offering.

Bank of America (BAC) has upgraded its mobile banking app. The new version includes a calendar feature that lets customers schedule appointments at local branches.

Young banking customers are more interested in online banking than their older peers, according to a report from financial services consulting group Accenture.

Kalixa has purchased PXP Solutions, a U.K.-based provider of in-store payment technology.

First Business Financial Services (FBIZ) of Madison, Wis., said Friday that it is acquiring the parent company of Alterra Bank in Leawood, Kan., for roughly $30.1 million in cash and stock.

Eastern Virginia Bankshares (EVBS) of Tappahannock, Va., said Thursday that it intends to repay $15 million of its Troubled Asset Relief Program aid by late in the second quarter.