Kristin Broughton

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.

Four credit unions were recognized on Monday for excellence in lending by the CUNA Lending Council. The awards, co-sponsored by CUNA Mutual Group, were presented at the council's 20th annual lending conference in San Diego.

The bank unit of Carver Bancorp in New York has been released from a cease-and-desist order by federal regulators.

Northwest Community CU in Springfield, Ore., has completed its previously announced acquisition of Fred Meyer Employees FCU in Portland, Ore.

Flagstar Bancorp in Troy, Mich., which has been under pressure from regulators in recent months, has hired a new chief financial officer.

The device, known as Clover Mobile, allows merchants to perform a variety of business functions, including scanning inventory and taking payments, using a mobile tablet. Earlier versions of Clover, called Clover Station, were designed to be affixed to a countertop.

ConnectOne Bancorp in Englewood Cliffs, N.J., has appointed Mark Santasieri chief credit officer.

Freedom Bank of Virginia in Fairfax plans to raise $4 million by selling common stock.

Capital One plans to lay off 111 employees in Houston, as it looks to consolidate back-office jobs responsible for deposit processing.

Bank of America and U.S. Bank are nearing a settlement agreement with a Chicago pension fund over charges that the banks failed to protect investors from losses during the financial crisis.

CPI Card Group, a provider of EMV payment services in Littleton, Colo., has launched a new service to support Near Field Communication-based mobile payments.

Hampton Roads Bankshares in Virginia Beach has named John Marshall Jr. as chief risk officer. He succeeds Robert Bloxom, who retired from Hampton Roads at the end of September.

NCUA said in a press release Friday that it has barred three former credit union employees from working at a federally insured financial institution.

The Federal Deposit Insurance Corp. on Friday released its list of enforcement actions from September, including a consent order that played a role in derailing two planned acquisitions.

Investors Bancorp in Short Hills, N.J., reported higher third-quarter earnings, fueled by strong loan growth.

The PCI Security Standards Council on has released updated standards on ways to promote company-wide security awareness.