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The New York State Department of Financial Services has modified its cybersecurity rule after a strong pushback from bankers, including at a hearing in Albany last week.

Volkswagen Financial Services has acquired PayByPhone, a Canadian parking payment provider, for an undisclosed amount.

Payment processors have eyed the gambling industry as a just-out-of-reach gold mine for the past few years, especially with the expansion of online and mobile gaming, but the warning signs have always been very large.

Chemical CEO David Ramaker has a wide range of options — diversify business lines, expand organically in several Midwestern states, pursue M&A or all of the above — following his recent acquisition of Talmer. But new challenges accompany Chemical's higher profile, too.

The New York State Department of Financial Services has modified its cybersecurity rule after bankers registered complaints at a hearing in Albany last week.

In another move that furthers India's movement away from cash, police in Pune plan to initiate a cashless policy by the end of the first week of January.

The Florist Federal Credit Union, an $8.1-million institution based in Roswell, N.M, said it hired Cisco Malpartida Smith as its new president and CEO, succeeding Kenneth Bell, who is retiring.

The wheels are already turning on one of the biggest fleet card portfolio flips in North America, with South Portland, Maine-based WEX Inc. poised to take over in 2018 as the issuer of Chevron and Texaco fleet cards, replacing FleetCor Technologies, which is looking to make up revenue growth elsewhere.

As the banking environment demands a different skill set for those operating leaner branch networks, institutions should look at tellers as a longer-term human resource with growth potential.

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web: Amazon's Alexa gathers evidence and sales; medical devices may become malware targets.