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More than 200,000 jobs were created in June, but the unemployment rate rose to 4.0 percent. Credit union economists, however, have bigger concerns.

International banks are also having to adapt to a raft of regional payment and data regulations that impact their operations in certain territories significantly but in others only negligibly, according to Russell Bennett, chief technology officer of Fraedom.

Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman.

Banks need to be prepared for increased regulatory scrutiny as they adopt artificial intelligence technologies.

The fundraising is a sign of the rise in the anti-money-laundering market, which is expected to reach $4.26 trillion worldwide in less than a decade.

JPMorgan Chase denied a report in the German magazine WirtschaftsWoche that it's interested in acquiring a stake in Deutsche Bank, after the lender's share price slumped.

Mark Herter has been with the credit union since 1985 and will be succeeded as CEO by current president Laura Campbell.

The Swiss bank allegedly hired Chinese officials’ friends and relatives to win business; JPM asked “several dozen” employees to consider moving from London.

The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook moves an additional exec to blockchain project; Sydney Airport tests facial biometrics; Ant invests in WiFi for underground metros; Razer adds a mobile wallet.

Jennifer Jackson will succeed Shane Holdaway as head of the Toronto-based unit, which has 1,200 employees.