Kristin Broughton

Western Union has upgraded its foreign wire exchange platform by integrating software from Fiserv.

SmartFinancial in Pigeon Forge, Tenn., has agreed to merge with Cornerstone Bancshares in Chattanooga, Tenn.

SignaPay, a payment processing company based in Irving, Texas, has acquired PayHub, a merchant services company in San Rafael, Calif.

Alipay, the payments affiliate of Alibaba, leads the market for online third-party payment services in China, according to a recent iResesarch, a Chinese market research firm.

Virgin Money has struck a seven-year deal with the British financial tech company Monitise to develop the U.K. bank's mobile products.

Hampton Roads Bankshares in Virginia Beach, Va., has agreed to pay $200,000 to address an investigation by the Securities and Exchange Commission into the company's accounting practices.

United Labor Bank in Oakland, Calif., has a new name.

MasterCard will soon make its digital wallet available to consumers in China.

Sun Center FCU in LaGrange, Ohio, is merging with Firefighters Community CU, Cleveland.

Heartland Financial in Dubuque, Iowa, has split the positions of president and chief executive, the company announced Wednesday.

American Savings Bank in Honolulu announced Wednesday that its parent company, Hawaiian Electric Industries, is planning to spin off the bank.

Citigroup has resolved a hang-up in its federal settlement of claims that it failed to protect the personal data of thousands of customers in bankruptcy proceedings.

Sprint's Boost Mobile Wallet and Sprint Money Express have added features that allow users to buy and send electronic gift cards.

A bank-backed platform for sharing information about cyber security threats has been released for general download.

Depositors at Reading Co-operative in Reading, Mass., approved a plan to make it more difficult for the thrift to convert to a public stock company.

Abila, a software provider for nonprofits, is working with two payment processors to expand its cloud-based relationship management platform.

Payvision has launched its global payment network in Canada through a partnership with Home Trust, a bank based in Toronto.

BlueSnap has launched a new system called ChargeLink to help businesses close sales over the phone.

Customers Bancorp in Wyomissing, Pa., has increased its earnings estimates for 2014 and 2015 based on changes in its technology strategy.

Santander Holdings USA in Boston has named T. Timothy Ryan as chairman of the company and its Santander Bank subsidiary.