The Latest

Jack Henry & Associates Inc. announced that SESLOC Federal Credit Union has selected its Symitar Episys core system for in-house processing.

Silicon Valley Bank in Santa Clara, Calif., has hired Laura Izurieta as its chief risk officer. She will lead the company's risk management, corporate compliance and regulatory relations functions and serve on the executive management team.

The challenges of running a business become exponentially greater when managers seem to be spending more and more of their time finding and training new team members than in actually executing strategy.

National Commerce in Birmingham, Ala., has agreed to buy Private Bancshares in Atlanta.

Wall Street JournalAML clarification: U.S. banking regulators issued a "Fact Sheet" that tries to clarify anti-money-laundering rules that some critics say are forcing banks to cut off access to innocent countries, businesses and individuals for fear of being penalized. The report is intended to "dispel certain myths" about the rules, which have caused some banks to refrain from serving customers in island nations, emerging-market countries and those in drug-ridden areas, such as the U.S. border with Mexico. In a blog post accompanying the report, senior Treasury officials said regulators resolve "about 95 percent" of compliance failures without penalties and that banks are not required to vet the customers of their foreign bank clients.

The Financial Stability Board said Wednesday in its annual report to the G-20 that progress is being made in implementing post-crisis financial reforms, but that implementation of specific initiatives remains uneven across industrialized nations.

While biometric authentication has garnered significant attention in recent months, its actual application in face-to-face environments has seen slow adoption to date.

Health care stands to benefit from automated and easier-to-understand billing and payments, but PatientPay is betting that ridding the system of paper is required on the benefits end as well.

CHICAGO – Mobile wallets are evolving in the key areas of availability and consumer awareness, but they continue to lack in the critical aspect of convincing users of their value, said Google executive Jack Connors.

Sales of recreational vehicles (RVs) are going through the roof thanks to a confluence of factors, including an improving economy, low jobless rate and — perhaps most crucially — very low gas prices.