Kristin Broughton

The $5.8 billion-asset company said in a press release Wednesday that Shelley Seifert would fill the newly created role.

InteliSpend in Fenton, Mo., has expanded its cash-back incentives after adding Discover and MasterCard to its prepaid network.

American Express Global Payments is adding cloud-based software from Intacct, a move that can make it easier to automate corporate payments, which still include paper-based processes.

Safeway FCU and Spokane City CU have selected D+H Corp. in Lake Mary, Fla., as their provider of outsourced, online banking services.

Harvard Illinois Bancorp in Harvard, Ill., which recently disclosed that it had been exposed to a fraud scheme involving certain investments, has hired an investment bank to help it "evaluate strategic alternatives."

MUFG Union Bank in New York has promoted Mike Feldman to head of branch and private banking.

The bottom line at Solera National Bancorp in Lakewood, Colo., improved from a year earlier, though losses persisted amid management upheaval.

Chemical CU in Clinton, Iowa, has agreed to merge with DuTrac Community CU in Dubuque, Iowa.

Shaza Andersen recently sent out a companywide email stating that employees who don't deposit their paychecks into a WashingtonFirst account will soon be required to pick up paper checks — from her office.

Bank of America and U.S. Bancorp reached a $69 million settlement with a group of pension funds over charges that the banks failed to protect investors from financial crisis-era losses.

The U.S. Postal Service's inspector general said Friday that it is seeking proposals from outside groups about possible postal banking services.

Hilltop Holdings in Dallas has disclosed that its mortgage unit is under federal investigation in connection with underwriting practices for loans backed by the Federal Housing Administration.

MasterCard has agreed to buy the merchant payments unit of Transaction Network Services in Reston, Va.,a deal that would expand the e-commerce services offered by DataCash, MasterCard's payment processing subsidiary.

The City of Providence, R.I., has dropped its lawsuit against Santander Bank, over charges the bank deliberately failed to provide mortgages in minority communities.

Beneficial Bancorp in Philadelphia could raise as much as $633 million through its second-step conversion.

MasterCard has agreed to buy the merchant payments unit of Transaction Network Services in Reston, Va.,a deal that would expand the e-commerce services offered by DataCash, MasterCard's payment processing subsidiary.

The Massachusetts Division of Banks plans to hold a public hearing today on proposed changes to state lending regulations.

The Securities Investor Protection Corp. on Wednesday issued a warning about recent phishing scams targeted at brokerage clients.

MADISON, Wis.—CUES has named Alex Castley, an employee at Integris CU in Prince George, B.C., as its Next Top Credit Union Exec.

Business payments often lag consumer transactions in adopting automation, and software provider Kofax and Visa are teaming in attempt to shed manual corporate cash flow processes in the Asia Pacific region.