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Bob Jones will retire in early May. He will be succeeded by Jim Ryan, the Indiana company's chief financial officer.

To stay ahead of the rapid development of payment applications, the Payment Card Industry Security Standards Council is making new software security standards and a validation program for vendors available later this year.

The Federal Reserve has suggested it could join the market for instant interbank payments, but private-sector entrants would be better.

Attorney General nominee William Barr said he disagrees with efforts by states to legalize marijuana but won't "go after" marijuana companies in states that have legalized it based on the Obama administration's policies.

This is the seventh consecutive year that the Kansas City area institution has returned at least $5 million to its members.

Goldman Sachs Group Inc., owner of one of Wall Street’s top dealmaking franchises, leaned on that business last quarter to overcome an industrywide downturn in fixed-income trading.

The bank also reported that, among its U.S. employees, people of color earn 7% less than their white colleagues.

The U.S. unit of Mitsubishi UFJ Financial has agreed to buy a platform from GE Capital.

Fiserv will acquire First Data in an all-stock deal with a value of about $22 billion that will combine two of the financial services industry's largest technology and processing companies.

The information you need to start your day, from PaymentsSource and around the Web. Today: Fiserv buys First Data; PayPal scores a ticketing contract; Open banking advances in Canada; Russian bank adopts finger payments; Faster payment group adds staff.