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The company continues to be restricted from pursuing acquisitions until the Federal Reserve lifts its enforcement order requiring it to strengthen anti-money-laundering controls.

Some industry officials are offering rosy projections about the future of banking, but institutions that follow that logic may find themselves overextended in the next downturn.

Union Bankshares in Virginia sold Shore Premier Finance, a business it inherited from a recent acquisition.

Savings increased by 4.1 percent during the first quarter of 2018, while loans grew by 1.8 percent, with auto loans rising by more than 3.5 percent.

The bank can pay out 40% more than it is expected to earn; the German bank’s stock slide may lead to its removal from a major European bank index.

The information you need to start your day, from PaymentsSource and around the Web. Today: LTE faces attacks; Apple Pay's growing quickly in Poland; Adidas suffers a breach; U.K. centralizes government payment units.

Upon LMPOCU's liquidation, Commonwealth Credit Union assumed membership and all assets of the shuttered institution.

Nets has been a dominant payments technology player in the Nordic region for years, helping to drive the region's high proportion of mobile and digital transactions. Armed with fresh venture capital funding, Nets wants to expand its influence broadly across Europe.

As Nvoicepay expands, the payment automation company is keeping an eye on how it may fall under European data rules that have a knack for requiring compliance even from companies that should be exempt.

Phone-based customer service opens opportunity for voice phishing, or "vishing," and other types of attacks linked to card not present transactions, according to Rafael Lourenco, an executive vice president at ClearSale.