The payments industry is facing pressure from outside companies that are toppling many preconceptions about how payments should work. But industry veterans are fighting back, and they shared their strategies at SourceMedia's 2013 ATM, Debit & Prepaid Forum.

Philadelphia's City Council has approved a bill that lawmakers hope will lead the city into selling tax liens to private collection agencies.

The $102 billion-asset Union Bank said Friday that it plans to open two student-run branches at Crenshaw High School and Abraham Lincoln High School in partnership with the Los Angeles Unified School District Board of Education.

Provident Financial Services (PFS) in Iselin, N.J., reported nearly flat quarterly earnings after taking a tax charge associated with its 2003 initial public offering.

Refer credit-challenged mom-and-pops to nonbank lenders and eventually those small businesses will be viable enough to qualify for bank loans, industry experts say.

MBT Financial Corp. (MBTF) in Monroe, Mich., is planning to raise up to $20 million in a common stock offering.

Analysts are concerned that a number of banks have been reluctant to cut costs. In some instances, banks are still hiring in hopes of boosting income.

First Scottsdale Bank (FSB) in Scottsdale, Ariz., and CBOA Financial (CBOF) in Tucson, Ariz., have terminated plans to merge.

Southside Bancshares (SBSI) in Tyler, Texas, posted a dip in third-quarter earnings because of a big decline in gains from the sale of securities.

With Chairman Hensarling's plan to overhaul the mortgage finance market stuck in limbo, several Democrats have begun work on alternative proposals that could further divide support for the GOP bill.

National Penn Bancshares (NPBC) in Boyertown, Pa., reported a slightly lower quarterly profit as its mortgage fees fell, but it still met Wall Street's earnings forecasts.

TCF Financial Corp. (TCB) in Wayzata, Minn., met Wall Street's quarterly earnings estimates as lower charges related to bad assets made up for a decline in revenue.

SouthCrest Financial Group (SCSG) in Peachtree City, Ga., has raised nearly $18 million and plans to merge its banks.

Hancock Holding (HBHC) in Gulfport, Miss., reported lower quarterly earnings after taking a charge tied to branch closures and other expense reductions.

Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, or about 21 percent of its total contracts at midyear, according to two people briefed on the matter, who asked not to be identified because the sale is private.

Coast Bancorp (CTBP) in San Luis Obispo, Calif., has hired a new chief financial officer.

National Bank Holdings (NBHC) in Greenwood Village, Colo., cut expenses to compensate for lower revenue in the third quarter.

First Financial Bancorp (FFBC) in Cincinnati posted lower profits in the third quarter on reduced loan and other revenue.

The $17 billion-asset company said late Thursday that Patrick Barrett will succeed Charles Nugent, who is retiring at the end of this year.

SVB Financial (SVB) in Santa Clara, Calif., reported a 60% increase in quarterly profit after investment securities it holds rose more than ninefold in value.