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Share buyback programs, shelved by many banks last year amid pressure from regulators to preserve capital, are back in vogue, with three dozen banks announcing such plans in April alone.

The Springfield, Virginia, credit union named Scott Benson, its chief operating officer, to succeed Lynette Smith as chief executive.

The move follows four years of pay increases that brought the company’s minimum wage to an hourly $20 in 2020 from $15.

The consumer and community banking unit of the nation's largest bank will be run by Jennifer Piepszak and Marianne Lake, two would-be contenders for the CEO role when Jamie Dimon retires. The company also named a new chief financial officer.

DailyPay has raised $500 million and is adding Carrick Capital Partners to its board of directors as it seeks to expand beyond earned wage access.

Instead of injecting cash into Commonwealth National Bank, Regions Bank is taking a more targeted approach: providing funding for the community development financial institution to hire a commercial banker.

Payment firms and financial institutions are using SaaS for more functions, but that could open the door to SEC and other government oversight, says GRAX's Joe Gaska.

Michael Moeser, senior analyst at PaymentsSource, talks to Dustin Eide, CEO of CanPay, about payments innovation in the legalized cannabis industry.

Warren Buffett’s Berkshire Hathaway exited a bet on Synchrony Financial during the first quarter as the company continued to pare back its investments in financial firms.

HSBC has extended its instant cross-border payments network to small and midsize businesses through a digital wallet built for storing and spending foreign currency.