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The payments industry is a hotbed of innovation, and many of its larger players are eager to claim patents on new developments.

President and CEO Bob Corwin plans to retire by this summer, having led the Clackamas, Ore.-based credit union for seven years.

The company, which sold the business to a group of former employees, will shut down its operation this quarter.

Bankers may not want to hear this, but communities benefit when credit unions buy banks.

Larry Fazio, longtime head of the agency’s examinations division, has been promoted to executive director. He will succeed Mark Treichel, who will retire later this year.

B2B payment trends are trying to catch up with B2C payment trends but are still lagging behind, says FTV Capital's Rob Anderson.

Biometrics technology provider PopID has developed a business philosophy that tests the consumers' comfort level with facial recognition in a more casual setting.

The company will acquire the parent company of First National Bank of Manchester and Bank of Waynesboro for $85 million.

Community development financial institutions could stand to gain from efforts to modernize the Community Reinvestment Act, but they fear the proposal offered by regulators may end up draining their capital.

Documents released by the Office of the Comptroller of the Currency Thursday allege that senior leaders had reason to know that the wrongdoing was widespread but failed to act.